Common use of Termination by Lessor Clause in Contracts

Termination by Lessor. In the event of any default or failure by Lessee to comply with any of the covenants, terms or conditions of this Agreement, Lessor shall give Lessee written notice of the default, specifying details of the same. If such default is not remedied within thirty (30) days after receipt of the notice, then this Agreement shall be deemed canceled and terminated effective on the thirtieth (30th) day after the receipt of the notice.

Appears in 2 contracts

Samples: Lease Option Agreement (Comstock Mining Inc.), Lease Option Agreement (Comstock Mining Inc.)

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Termination by Lessor. In the event of any material default or failure by Lessee to comply with any of the covenants, terms or conditions of this Agreement, Lessor shall be entitled to give Lessee written notice of the default, specifying details of the same. If such default is not remedied within thirty (30) days after receipt of the notice, then this Agreement shall be deemed canceled and terminated effective on the thirtieth (30th) day after the receipt of the notice.

Appears in 1 contract

Samples: Mining Lease Agreement (Comstock Mining Inc.)

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Termination by Lessor. In the event of any default or failure by Lessee to comply with any of the covenants, terms or conditions of this Agreement, Lessor shall be entitled to give Lessee written notice of the default, specifying details of the same. If such default is not remedied within thirty (30) days after receipt of the notice, then this Agreement shall be deemed canceled and terminated effective on the thirtieth (30th) day after the receipt of the notice.

Appears in 1 contract

Samples: Fourth Purchase Agreement (Comstock Mining Inc.)

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