Common use of Default by District Clause in Contracts

Default by District. In the event District shall fail to perform or observe any of the covenants or provisions contained in this Agreement on the part of District to be performed or observed within thirty (30) days after written notice from Lessee to District specifying the particulars of such default or breach of performance, or if more than thirty (30) days shall be reasonably required because of the nature of the default, if District shall fail to proceed diligently to cure such default after such notice, then in that event District shall be responsible to Lessee for any and all actual damages sustained by Lessee as a direct result of District's default; provided however, the Lessee as a duty to mitigate or reduce its damages to the fullest extent possible.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement

Default by District. In the event District shall fail to perform or observe any of the covenants or provisions contained in this Agreement on the part of District to be performed or observed within thirty (30) days after written notice from Lessee to District specifying the particulars of such default or breach of performance, or if more than thirty (30) days shall be reasonably required because of the nature of the default, if District shall fail to proceed diligently to cure such default after such notice, then in that event District shall be responsible to Lessee for any and all actual damages sustained by Lessee ▇▇▇▇▇▇ as a direct result of District's default; provided however, the Lessee as a duty to mitigate or reduce its damages to the fullest extent possible.

Appears in 1 contract

Sources: Lease Agreement