Common use of Sublessor’s Default Clause in Contracts

Sublessor’s Default. Sublessor shall not be in default for failure to perform any of its Sublease obligations until after a period of thirty (30) days or the additional time, if any, that is reasonably necessary to promptly and diligently cure the failure after receiving notice from Sublessee, in writing and giving in reasonable detail the nature and extent of the failure and identifying the Sublease provisions(s) containing the obligations(s).

Appears in 2 contracts

Sources: Sublease (Level Brands, Inc.), Sublease (Level Brands, Inc.)