Essential Service Failure definition
Examples of Essential Service Failure in a sentence
Landlord and Tenant agree that the duration of an Essential Service Failure related to access to the Building and/or the Tenant Space shall be deemed (for the purposes of the foregoing periods) to have commenced upon Landlord's receipt of written notice from Tenant notifying Landlord of same with reasonable particularity.
In the event Tenant proposes to undertake to correct or cure such Essential Service Failure, Tenant shall submit to Landlord a description of the steps Tenant intends to take, in the manner of a prudent commercial landlord, to correct or cure the Essential Service Failure (the “Self Help Notice”).
Unless Landlord implements the curative action specified in Tenant’s Self Help Notice within three (3) Business Days after Landlord’s receipt thereof and diligently thereafter prosecutes cure of the Essential Service Failure, Tenant shall, after such 3-Business Day period, proceed with the cure of the Essential Service Failure in the manner specified in the Self Help Notice and diligently complete such cure in a good and workmanlike manner.
If Tenant so effectuates a cure of the Essential Service Failure and restores the Premises to tenantable condition thereby, then Landlord shall reimburse Tenant for Tenant’s reasonable out-of-pocket costs incurred in connection with such cure (net of any amounts owing by Tenant to Landlord pursuant to the indemnity set forth hereinbelow).