Lessee Default definition

Lessee Default means any default by the applicable Lessee in payment of a total of three months of rent pursuant to such Lease, and such default remains uncured for more than 120 days from the original due date of the latest payment resulting in a total of three months of rent remaining unpaid.

Lessee Default has the meaning ascribed thereto in Section 16.1(a).

Lessee Default has the meaning ascribed thereto in Section 10.3.

Examples of Lessee Default in a sentence

• Lessor and Lessee agree that if an attorney is consulted by Lessor in connection with a Lessee Default or Breach (as hereinafter defined), $350.00 is a reasonable minimum sum per such occurrence for legal services and costs in the preparation and service of a notice of Default, and that Lessor may include the cost of such services and costs in said notice as rent due and payable to cure said default.

• Lessor and Lessee agree that if an attorney is consulted by Lessor in connection with a Lessee Default or Breach (as hereinafter defined), $350.00 is a reasonable minimum sum per such occurrence for legal services and costs in the preparation and service of a notice of Default, and that Lessor may include the cost of such services and costs in said notice as rent due and payable to cure said Default.

• Notwithstanding any of the provisions of this Section 4 to the contrary, if any Lessee Default shall have occurred and be continuing at any time during the last 90 days of the Then Applicable Term of any Lease, Lessor may cancel any Renewal Term or optional or other automatic extension of the Then Applicable Term immediately upon written notice to Lessee.

• So long as no Lessee Default exists, and no event shall have occurred and be continuing which, with the giving of notice or the passage of time or both, would constitute a Lessee Default, neither Lessor nor any party acting or claiming through Lessor, by assignment or otherwise, will disturb Lessee's quiet enjoyment of the Equipment during the Total Term of the related Lease.

• Lessor and Lessee agree that if an attorney is consulted by Lessor in connection with a Lessee Default or Breach (as hereinafter defined).

More Definitions of Lessee Default

Lessee Default has the meaning specified in Section 21.

Lessee Default has the meaning specified in Section 22. “Lessor” has the meaning specified in the preamble hereof.

Lessee Default shall have the meaning set forth in Section 13.1 hereof.

Lessee Default under this Agreement means Lessee’s failure to cure a Lessee Breach under this Agreement within (a) ten (10) days after Lessee’s receipt of written notice from County in the case of the payment of money, or (b) thirty (30) days after Lessee’s receipt of written notice from County in the case of any other obligation or covenant of Lessee under this Agreement; provided, however, that if the nature of the Lessee Breach under this clause (b) is such that it cannot with reasonable diligence be cured within thirty (30) days, then the cure period set forth in this clause (b) shall be extended for such additional period as reasonably required for the cure of the Lessee Breach as long as Lessee commences cure of the Lessee Breach within thirty (30) days after Lessee’s receipt of written notice from County and diligently prosecutes such cure to completion.

Lessee Default means: (i) failure of a Lessee under any Contract to make a Payment within ninety (90) days of the due date of that Payment; (ii) failure of any Lessee to perform any of its material obligations under any Contract; (iii) insolvency of any Lessee, inability of any Lessee to pay its debts as they mature, the making by any Lessee of an assignment for the benefit of creditors, or institution of any proceeding by or against any Lessee alleging that the Lessee is insolvent or unable to pay its debts as they mature.

Lessee Default has the meaning assigned to it in Clause 13.1;

Lessee Default means any of the following events or circumstances: