Default under Lease. If Franchisee defaults in the performance of any material term of the Lease and does not cure the default within the designated cure period, if any, Lessor must notify CMME of the default. CMME will then have thirty (30) days from its receipt of the notice to exercise its option. If CMME does not exercise the option, Lessor may terminate the Lease at the expiration of thirty
Appears in 2 contracts
Sources: Franchise Agreement, Franchise Agreement