Common use of Default Defined Clause in Contracts

Default Defined. Lessee shall be deemed in default upon Failure to pay rent or any other properly-imposed fee within 30 days after due date. The filing of any petition under the Federal Bankruptcy Act or any amendment thereto, including a petition for reorganization. The commencement of any proceeding for dissolution or for the appointment of a receiver. The making of an assignment for the benefit of creditors. Violation of any of the other terms or conditions of this lease after written notice to cease and/or correct such violation has been served upon the Lessee by the Lessor, and after the Lessee has failed to correct such violation within thirty (30) days of service of such notice (or such later deadline as may be established in the Notice by the Lessee). Mailing notice by U.S. Mail, Certified Mail, shall constitute "service" of notice. In the case of a violation which cannot with due diligence be cured within a period established, the Lessee may apply to the Lessor for an extension of time within which to cure said violation.

Default Defined. Lessee shall be deemed in default upon upon i. Failure to pay rent or any other properly-properly imposed fee within 30 days after due date. ii. The filing of any petition under the Federal Bankruptcy Act or any amendment thereto, including a petition for reorganization. iii. The commencement of any proceeding for dissolution or for the appointment of a receiver. iv. The making of an assignment for the benefit of creditors. . v. Violation of any of the other terms or conditions of this lease after written notice to cease and/or correct such violation has been served upon the Lessee by the Lessor, and after the Lessee has failed to correct such violation within thirty (30) days of service of such notice (or such later deadline as may be established in the Notice by the Lessee). Mailing notice by U.S. Mail, Certified MailMail return receipt, shall constitute "service" of notice. In the case of a violation which cannot not, with due diligence diligence, be cured within a period established, the Lessee may apply to the Lessor for an extension of time within which to cure said violation.