Lessee Default. Each of the following events shall constitute a “Lessee Default”: 8.1.1 Lessee materially breaches any term of this Lease and (i) if such breach is capable of being cured within thirty (30) days after Lessor’s notice of such breach, Lessee has failed to cure the breach within such thirty (30) day period, or (ii) if Lessee has diligently commenced work to cure such breach during such thirty (30) day period but such breach is not capable of cure within such period, Lessee has failed to cure the breach within a further ninety (90) day period (such aggregate period not to exceed one hundred twenty (120) days from the date of Lessor’s notice); or 8.1.2 (i) Lessee commences a voluntary case under any bankruptcy law; (ii) Lessee fails to controvert in a timely and appropriate manner, or acquiesces in writing to, any petition filed against Lessee in an involuntary case under any bankruptcy law; or (iii) any involuntary bankruptcy proceeding commenced against ▇▇▇▇▇▇ remains undismissed or undischarged for a period of sixty (60) days.
Appears in 1 contract
Sources: Carport System Site Lease Agreement
Lessee Default. Each of the following events shall constitute a “Lessee Default”:
8.1.1 7.1.1 Lessee materially breaches any material term of this Lease Agreement and (i) if such breach is capable of being cured within thirty (30) days after Lessor’s notice of such breach, Lessee has failed to cure the breach within such thirty (30) day period, or (ii) if Lessee has diligently commenced work to cure such breach during such thirty (30) day period but such breach is not capable of cure within such period, Lessee has failed to cure the breach within a further ninety one hundred and fifty (90150) day period (such aggregate period not to exceed one hundred twenty and eighty (120180) days from the date of Lessor’s notice); orand
8.1.2 (i) Lessee commences a voluntary case under any bankruptcy law; ;
(ii) Lessee fails to controvert in a timely and appropriate manner, or acquiesces in writing to, any petition filed against Lessee ▇▇▇▇▇▇ in an involuntary case under any bankruptcy law; or or
(iii) any involuntary bankruptcy proceeding commenced against ▇▇▇▇▇▇ remains undismissed or undischarged for a period of sixty (60) days.
Appears in 1 contract
Sources: System Site Lease Agreement
Lessee Default. Each of the following events shall constitute a “Lessee Default”:
8.1.1 7.1.1 Lessee materially breaches any material term of this Lease Agreement and (i) if such breach is capable of being cured within thirty (30) days after Lessor’s notice of such breach, Lessee has failed to cure the breach within such thirty (30) day period, or (ii) if Lessee has diligently commenced work to cure such breach during such thirty (30) day period but such breach is not capable of cure within such period, Lessee has failed to cure the breach within a further ninety one hundred and fifty (90150) day period (such aggregate period not to exceed one hundred twenty and eighty (120180) days from the date of Lessor’s notice); orand
8.1.2 7.1.2 (i) Lessee commences a voluntary case under any bankruptcy law; (ii) Lessee fails to controvert in a timely and appropriate manner, or acquiesces in writing to, any petition filed against Lessee in an involuntary case under any bankruptcy law; or (iii) any involuntary bankruptcy proceeding commenced against ▇▇▇▇▇▇ remains undismissed or undischarged for a period of sixty (60) days.
Appears in 1 contract
Sources: Power Purchase Agreement
Lessee Default. Each of the following events shall constitute a “Lessee Default”:
8.1.1 6.1.1. Lessee materially breaches any term of this Lease Agreement and (i) if such breach is capable of being cured within thirty (30) days after Lessor’s notice of such breach, Lessee has failed to cure the breach within such thirty (30) day period, or (ii) if Lessee has diligently commenced work to cure such breach during such thirty (30) day period but such breach is not capable of cure within such period, Lessee has failed to cure the breach within a further ninety one hundred fifty (90150) day period (such aggregate period not to exceed one hundred twenty hun- dred eighty (120180) days from the date of Lessor’s notice); orand
8.1.2 (i) Lessee commences a voluntary case under any bankruptcy law; (ii) Lessee Les- see fails to controvert in a timely and appropriate manner, or acquiesces in writing to, any petition filed against Lessee in an involuntary case under any bankruptcy law; or (iii) any involuntary bankruptcy proceeding commenced against ▇▇▇▇▇▇ Lessee remains undismissed or undischarged un- discharged for a period of sixty (60) days.
Appears in 1 contract
Sources: System Site Lease Agreement