Common use of Default of Landlord Clause in Contracts

Default of Landlord. Landlord shall be in default of this Lease if it fails or refuses to perform any of its duties, obligations and responsibilities under this Lease and such nonperformance is not cured within thirty (30) days after written notice of the default has been given by Tenant to Landlord and to Landlord’s Lender, if any, or within such longer period as is reasonably required to effect such cure. If the default cannot be reasonably cured within such thirty (30) day or longer period, Landlord shall not be in default of this Lease if Landlord, or Landlord’s Lender, promptly commences to cure the default within the thirty (30) day or longer period and diligently and in good faith continues to cure the default. Tenant agrees that any Landlord’s Lender shall have the right to cure any such default on behalf of Landlord. Xxxxxx also agrees not to invoke any of its remedies during the period that Landlord’s Lender is proceeding to cure such default with due diligence, or is taking steps with due diligence to obtain the legal right to enter the Premises to cure such default.

Appears in 5 contracts

Samples: Lease and Feedstock Supply Agreement, Lease and Feedstock Supply Agreement, Lease and Feedstock Supply Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.