Common use of Lease Defaults Clause in Contracts

Lease Defaults. In the event Landlord shall fail to perform or observe any of the terms, conditions or agreements in the Lease, Tenant shall give written notice thereof to Administrative Agent and Administrative Agent shall have the right (but not the obligation) to cure such default. Other than as provided in Section 36(b) of the Lease, Tenant shall not take any action with respect to such default under the Lease, including without limitation any action in order to terminate, rescind or avoid the Lease or to withhold any rent or other monetary obligations thereunder, for a period equal to the greater of (a) the period of time afforded Landlord under the Lease to cure or remedy such default or (b) thirty (30) days following receipt of such written notice by Administrative Agent; provided, however, that in the case of any default which cannot with diligence be cured within said period, if Administrative Agent shall proceed promptly to cure such default and thereafter prosecute the curing of such default with diligence and continuity, the time within which such default may be cured shall be extended for such period as may be necessary to complete the curing of such default with diligence and continuity, not to exceed one hundred eighty (180) days in the aggregate.