Common use of Lessor Default Clause in Contracts

Lessor Default. No act or omission of Lessor will be considered a default under this Agreement until Lessor has received thirty (30) days’ prior written notice from Lessee specifying the nature of the default with reasonable particularity. Commencing from Lessor’s receipt of such default notice, Lessor will have thirty (30) days to cure or remedy the default before Lessor will be deemed in default of this Agreement; provided, however, that if the default is of such a nature that it cannot be completely remedied or cured within the twenty-day cure period, there will not be a default by Lessor under this Agreement if Lessor begins correction of the default within the thirty- day cure period and thereafter proceeds with reasonable diligence to effect the remedy as soon as practical.

Lessor Default. No act or omission of Lessor will be considered a default under this Agreement until Lessor has received thirty (30) days’ prior written notice from Lessee specifying the nature of the default with reasonable particularity. Commencing from Lessor’s receipt of such default notice, Lessor will have thirty (30) days to cure or remedy the default before Lessor will be deemed in default of this Agreement; provided, however, that if the default is of such a nature that it cannot be completely remedied or cured within the twenty-day cure period, there will not be a default by Lessor under this Agreement if Lessor begins correction of the default within the thirty- thirty-day cure period and thereafter proceeds with reasonable diligence to effect the remedy as soon as practical.