General Action Clause Samples
General Action. If Lessee provides notice (the “First Notice”) to Lessor of an event or circumstance which pursuant to the terms of this Lease requires Lessor to repair, alter, improve and/or maintain the Premises (a “Required Action”), other than an event covered by Section 9 or 14 (collectively, the “Excluded Events”) and Lessor fails to provide the Required Action within the time period required by this Lease, or a reasonable period of time, if no specific time period is specified in this Lease, after the receipt of the Repair Notice (the “Notice Date”), or, in any event, does not commence the Required Action within ten (10) days after the Notice Date and complete the Required Action within thirty (30) days after the Notice Date (provided that if the nature of the Required Action is such that the same cannot be reasonably completed within a thirty (30) day period, Lessor’s time period for completion shall not be deemed to have expired if Lessor diligently commences such cure within such period and thereafter diligently proceeds to rectify and complete the Required Action, as soon as possible), then Lessee may proceed to take the Required Action, pursuant to the terms of the Lease, and shall deliver a second notice to Lessor specifying that Lessee is taking the Required Action (the “Second Notice”).
General Action. Upon the written instructions at any time and from time to time of the Requisite Holders, the Trustee shall: (i) give such notice or direction or exercise such right, remedy or power or take such action under the Lease or other Operative Documents as shall be specified in such instructions; and (ii) approve as satisfactory to it all matters required by the terms of the Participation Agreement, the Lease or any other Operative Document to be satisfactory to the Trustee or the Holders (unless such matter expressly requires the satisfaction of all Holders), it being understood that without such written instructions the Trustee shall not approve any such matter as satisfactory to it.
General Action. The Escrow Agent may execute any of its powers or -------------- responsibilities hereunder and exercise any rights hereunder either directly or by or through its agents or attorneys. Nothing in this Agreement shall be deemed to impose upon the Escrow Agent any duty to qualify to do business or to act as fiduciary or otherwise in any jurisdiction other than The Commonwealth of Massachusetts. The Escrow Agent shall not be responsible for and shall not be under a duty to examine into or opine upon the validity, binding effect, execution or sufficiency of this Agreement or of any agreement amendatory or supplemental hereto.
General Action. If Tenant provides notice (the "First Notice") to Landlord of an event or circumstance which pursuant to the terms of this Lease requires Landlord to repair any element of the Building or the Parking Structure (a "Required Action"), and Landlord fails to provide the Required Action within thirty (30) days after receipt of Tenant's First Notice to perform such repair obligation (provided that if the nature of the Required Action is such that the same cannot be reasonably completed within a thirty (30) day period, Landlord's time period for completion shall not be deemed to have expired if Landlord diligently commences such cure within such period and thereafter diligently proceeds to rectify and complete the Required Action, as soon as possible), then Tenant may proceed to take the Required Action, pursuant to the terms of this Lease, provided Tenant first delivers to Landlord a second notice specifying that Tenant will take the Required Action (the "Second Notice") and Landlord fails to take the Required Action within five (5) days after Landlord's receipt of the Second Notice.
General Action