Common use of Termination Due to Default Clause in Contracts

Termination Due to Default. If either party defaults under this Site Lease or the Facilities Lease, and the default is not cured by the end of any applicable cure period, the non-defaulting party may terminate this Site Lease and the Facilities Lease upon ten (10) days’ written notice to the defaulting party. Upon any such termination, (a) title to the Site and any improvements built upon the Site shall vest in the District upon the date of termination, and (b) the parties shall be entitled to receive compensation and exercise the remedies set forth in the Facilities Lease and/or (c) the non- defaulting party may pursue legal action for the damages caused by the breach.

Termination Due to Default. If either party defaults under this Site Lease or the Facilities Lease, and the default is not cured by the end of any applicable cure period, the non-defaulting party may terminate this Site Lease and the Facilities Lease upon ten (10) days’ written notice to the defaulting party. Upon any such termination, (a) title to the Site and any improvements built upon the Site shall vest in the District upon the date of termination, and (b) the parties shall be entitled to receive compensation and exercise the remedies set forth in the Facilities Lease and/or (c) the non- non-defaulting party may pursue legal action for the damages caused by the breach.

Termination Due to Default. If either party defaults under this Site Lease or the Facilities Lease, and the default is not cured by the end of any applicable cure period, the non-non- defaulting party may terminate this Site Lease and the Facilities Lease upon ten (10) days’ written notice to the defaulting party. Upon any such termination, (a) title to the Site and any improvements built upon the Site shall vest in the District upon the date of termination, and (b) the parties shall be entitled to receive compensation and exercise the remedies set forth in the Facilities Lease and/or (c) the non- non-defaulting party may pursue legal action for the damages caused by the breach.