Lessor Default definition
Lessor Default has the meaning specified in Section 21.
Lessor Default shall have the meaning set forth in Section 15.5.
Lessor Default shall occur upon the (a) failure of Lessor to perform any of its material obligations under this Land Lease which materially adversely affects, (x) the operation of the Lessee Business or (y) the Environment as it materially affects the Leased Premises, within thirty (30) days after written notice from Lessee, except that if the failure to perform is capable of being corrected but cannot reasonably be corrected within such thirty (30)-day period, and Lessor begins corrective action during such period, then Lessor shall not be deemed in default if it diligently, continuously and expeditiously pursues and completes the actions necessary to cure the failure to perform within no more than ninety (90) days from the date of Lessee’s original written notice with respect to such default, provided, further, that such ninety (90)-day cure period may be extended to one hundred eighty (180) days in the aggregate from the date of the notice of such default; provided that all the following conditions are met: (a) any Transfer or other act or failure to act by Lessor in violation of the provisions of Article 14; (b) an insolvency or bankruptcy default similar in nature to those in Section 15.1(d) or (e) as applicable to Lessor; or (c) the filing of a lien or encumbrance against the Leased Premises as a result of Lessor’s or Lessor’s Agents’ act or omission, which is not discharged or “handed over” within sixty (60) days after the date Lessor receives notice that such lien has been filed, provided that all of the following conditions are met:
Examples of Lessor Default in a sentence
If Lessor does not cure any such failure within the applicable time period as aforesaid, Lessee may declare the existence of a "Lessor Default" by a second Notice to Lessor.
Lessee shall have no right to terminate this Lease for any Lessor Default and no right, for any such Lessor Default, to offset or counterclaim against any Rent or other charges due hereunder.
County’s remedies as the result of Lessor Default for monetary or non-monetary breach shall be the right to damages, injunctive relief, and/or any other rights at law or in equity.
Except as otherwise expressly provided in this Lease or in the event of a constructive eviction by Lessor, Lessee shall have no right to terminate this Lease for any Lessor Default and no right, for any such Lessor Default, to offset or counterclaim against any Rent or other charges due hereunder.
If the Lessor Default is a result of a monetary breach by Lessor in the payment of any amounts due hereunder, County may withhold such amount from the next scheduled Rent payment.
More Definitions of Lessor Default
Lessor Default by Lessor: A. If Lessor shall breach any provision of this Lease and fail to remedy such breach within sixty (60) days after written notice of such breach; or
Lessor Default means the occurrence of an uncured “Lessor Default” under, and as defined in, the Master Lease Agreement. A Lessor Default may be cured if, within forty (45) days, the applicable default is waived in writing by the Lessee or is otherwise cured without the exercise of remedies by the Lessee.
Lessor Default. (a) Lessor's failure to make any payments of money due Tenant hereunder within ten (10) days after the receipt of written notice from Tenant that same is overdue; or (b) Lessor's failure to perform any non-monetary obligation of Lessor hereunder within thirty (30) days after receipt of written notice from Tenant to Lessor specifying such default and demanding that the same be cured; provided that, if such default cannot with due diligence be wholly cured within such thirty (30) days, Lessor shall have such longer period as may be reasonably necessary to cure the default, so long as Lessor proceeds promptly to commence the cure of same within such thirty (30) day period and diligently prosecutes the cure to completion and provided further that in the case of an emergency, Tenant shall be required to give only such notice as is reasonable under the circumstances. Upon the occurrence of a Lessor Default, at Tenant's option, in addition to any other remedies which it may have, and without its actions being deemed a cure of Lessor's default, Tenant may (i) pay or perform such obligations and offset all reasonable sums so paid by Tenant and all reasonable necessary and incidental costs and expenses paid or incurred by Tenant in connection therewith against the Base Rent, Additional Rent and other charges due Lessor hereunder unless, by written notice to Tenant, Lessor contests whether a Lessor Default has occurred or is continuing, in which case such right of offset shall only be effective if final, non-appealable judgment against Lessor shall have been entered by a court of competent jurisdiction; or (ii) ▇▇▇ for damages. Any amounts so determined to be due from Lessor to Tenant hereunder shall bear interest at the Default Rate from the date such costs or expenses were incurred.
Lessor Default. LESSOR shall be deemed in breach of this Lease if: a) in the event of any Monetary Breach of this Lease by LESSOR, COUNTY shall notify LESSOR in writing of such breach, and LESSOR shall have ten (10) days from such notice in which to cure said breach or b) in the event of any Non-Monetary Breach of this Lease, ▇▇▇▇▇▇ fails within fifteen (15) days after receipt by LESSOR of written notice specifying wherein such obligation of LESSOR has not been performed; provided however, that if the nature of LESSOR's obligation is such that more than fifteen (15) days after such notice are reasonably required for its performance, then LESSOR shall not be in breach of this Lease if performance is commenced as soon as reasonably possible within such fifteen (15) day period and thereafter diligently pursued to completion (each, a “LESSOR Default").
Lessor Default has the meaning set forth in Section 12.2.
Lessor Default whenever used herein, shall mean any of the following events and any such event shall continue to be a the Lessor Default if and for so long as it shall not have been remedied:
Lessor Default means an event that with the giving of notice or the lapse of time, or both, would constitute a Lessor Event of Default.