Common use of Tenant Defaults Clause in Contracts

Tenant Defaults. Tenant agrees that any one or more of the following events shall be considered "Tenant Defaults" as said term is used herein: 18.1.1 Tenant shall fail to pay any Rent or other charge owing by Tenant pursuant to the terms of this Lease within thirty days after receipt of written notice from Landlord that such amount is due and payable; 18.1.2 Tenant shall fail to keep, observe or perform any of the other covenants or agreements herein contained to be kept, observed and performed by Tenant, and such failure shall continue for thirty days (or such shorter period as is specifically referred to in this Lease for any particular breach) after notice thereof in writing to Tenant; PROVIDED, however, in the event that such failure cannot reasonably be cured within the aforesaid thirty day period (or shorter period, if applicable), and Tenant shall within said period commence to cure said default and diligently thereafter prosecutes to correction said failure, the period for completion shall be extended for so long as is reasonably required to cure said default; 18.1.3 The estate or interest of Tenant in the Project Site or the Project is levied upon or attached in any proceeding and such process is not stayed, vacated or discharged within ninety (90) days after such levy or attachment; 18.1.4 Any representation or warranty made by Tenant to Landlord in connection with this Lease is false or misleading in any material respect when made; or 18.1.5 Tenant is in default under the ESA or the Development Agreement.

Appears in 2 contracts

Sources: Lease (Aladdin Gaming Enterprises Inc), Lease (Aladdin Gaming Holding LLC)

Tenant Defaults. Tenant agrees that any one or more of the following events shall be considered "Tenant Defaults" as said term is used herein: 18.1.1 Tenant shall fail to pay any Rent or other charge owing by Tenant pursuant to the terms of this Lease within thirty days after receipt of written notice from Landlord that such amount is due and payable; 18.1.2 Tenant shall fail to keep, observe or perform any of the other covenants or agreements herein contained to be kept, observed and performed by Tenant, and such failure shall continue for thirty days (or such shorter period as is specifically referred to in this Lease for any particular breach) after notice thereof in writing to Tenant; PROVIDEDprovided, however, in the event that such failure cannot reasonably be cured within the aforesaid thirty day period (or shorter period, if applicable), and Tenant shall within said period commence to cure said default and diligently thereafter prosecutes to correction said failure, the period for completion shall be extended for so long as is reasonably required to cure said default; 18.1.3 The estate or interest of Tenant in the Project Site or the Project is levied upon or attached in any proceeding and such process is not stayed, vacated or discharged within ninety (90) days after such levy or attachment; 18.1.4 Any representation or warranty made by Tenant to Landlord in connection with this Lease is false or misleading in any material respect when made; or 18.1.5 Tenant is in default under the ESA or the Development Agreement.

Appears in 1 contract

Sources: Lease (Bh Re LLC)