Common use of Lessee Default Clause in Contracts

Lessee Default. If Lessee at any time fails to promptly and fully perform the conditions and covenants set out hereinabove in this Section 14.6, and the failure is not corrected within ten (10) days of written Notice thereof, or if during the restoration or repair an Event of Default occurs hereunder, Lessor may, at its option, immediately cease making any further payments to Lessee for the restoration and repair.

Appears in 4 contracts

Samples: Master Lease (Williams Companies Inc), Master Lease (Williams Communications Group Inc), Credit Agreement (Williams Companies Inc)

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