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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

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

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), $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.

More Definitions of Lessee Default

Lessee Default has the meaning specified in Section 21.

Lessee Default has the meaning ascribed thereto in Section 10.3.

Lessee Default shall have the meaning set forth in Section 12.1 hereof.

Lessee Default has the meaning specified in Section 20.

Lessee Default means any of the following events or circumstances:

Lessee Default means an event that with the giving of notice or the lapse of time, or both, would constitute a Lessee Event of Default, (c) the term “Lessor Event of Default” shall mean any event described in Section 11.2 hereof, and (d) the term “Lessor Default” shall mean an event that with the giving of notice or the lapse of time, or both, would constitute a Lessor Event of Default.

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