Common use of Existence of Default Clause in Contracts

Existence of Default. Landlord shall not be deemed to be in default in the performance of any obligation under this Lease unless and until it has failed to perform such obligation within thirty (30) days after receipt of written notice by Tenant to Landlord specifying such failure; provided, however, that if the nature of Landlord's default is such that more than thirty (30) days are required for its cure, then Landlord shall not be deemed to be in default if it commences such cure within the thirty (30) day period and thereafter diligently prosecutes such cure to completion.

Appears in 2 contracts

Samples: 1 (Extensity Inc), Office Lease (U S Wireless Data Inc)

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Existence of Default. Landlord shall not be deemed to be in default in the performance of any obligation under this Lease unless and until it has failed to perform such obligation within thirty twenty (3020) days after receipt of written notice by Tenant to Landlord specifying such failure; provided, however, that if the nature of the Landlord's default is such that more than thirty twenty (3020) days are required for its cure, then Landlord shall not be deemed to be in default if it commences such cure within the thirty twenty (3020) day period and thereafter diligently prosecutes such cure to completion.,

Appears in 1 contract

Samples: Watergate Office Lease (Siebel Systems Inc)

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Existence of Default. Landlord shall not be deemed to be in default in the performance of any obligation under this Lease unless and until it has failed to perform such obligation within thirty (30) days after receipt of written notice by Tenant to Landlord specifying such failure; : provided, however, that if the nature of Landlord's default is such that more than thirty (30) days are required for its cure, then Landlord shall not be deemed to be in default if it commences such cure within the thirty (30) day period and thereafter diligently prosecutes such cure to completion.

Appears in 1 contract

Samples: Expansion Agreement (Geac Computer Corp LTD)

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