Lessee Default definition

Lessee Default means any default by the applicable Lessee in payment of a total of three months of rent pursuant to such Lease, and such default remains uncured for more than 120 days from the original due date of the latest payment resulting in a total of three months of rent remaining unpaid.

Lessee Default has the meaning ascribed thereto in Section 16.1(a).

Lessee Default has the meaning specified in Section 21.

Examples of Lessee Default in a sentence

• Lessor and Lessee agree that if an attorney is consulted by Lessor in connection with a Lessee Default or Breach (as hereinafter defined), $350.00 is a reasonable minimum sum per such occurrence for legal services and costs in the preparation and service of a notice of Default, and that Lessor may include the cost of such services and costs in said notice as rent due and payable to cure said default.

• Lessor and Lessee agree that if an attorney is consulted by Lessor in connection with a Lessee Default or Breach (as hereinafter defined), $350.00 is a reasonable minimum sum per such occurrence for legal services and costs in the preparation and service of a notice of Default, and that Lessor may include the cost of such services and costs in said notice as rent due and payable to cure said Default.

• So long as no Lessee Default exists, and no event shall have occurred and be continuing which, with the giving of notice or the passage of time or both, would constitute a Lessee Default, neither Lessor nor any party acting or claiming through Lessor, by assignment or otherwise, will disturb Lessee's quiet enjoyment of the Equipment during the Total Term of the related Lease.

• Lessor and Lessee agree that if an attorney is consulted by Lessor in connection with a Lessee Default or Breach (as hereinafter defined), $350.00 is a reasonable minimum sum per such occurrence for legal services and costs in the preparation and service of a notice of Default and that Lessor may include the cost of such services and costs in said notice as rent due and payable to cure said Default.

• Notwithstanding any of the provisions of this Section 4 to the contrary, if any Lessee Default shall have occurred and be continuing at any time during the last 90 days of the Then Applicable Term of any Lease, Lessor may cancel any Renewal Term or optional or other automatic extension of the Then Applicable Term immediately upon written notice to Lessee.

More Definitions of Lessee Default

Lessee Default has the meaning ascribed thereto in Section 10.3.

Lessee Default means any of the following events or circumstances:

Lessee Default means a “Lessee Default” under, and as defined in, the Master Lease Agreement.

Lessee Default under this Agreement means Xxxxxx’s failure to cure a Lessee Breach under this Agreement within (a) ten (10) days after Xxxxxx’s receipt of written notice from County in the case of the payment of money, or (b) thirty (30) days after Xxxxxx’s receipt of written notice from County in the case of any other obligation or covenant of Lessee under this Agreement; provided, however, that if the nature of the Lessee Breach under this clause (b) is such that it cannot with reasonable diligence be cured within thirty (30) days, then the cure period set forth in this clause (b) shall be extended for such additional period as reasonably required for the cure of the Lessee Breach as long as Lessee commences cure of the Lessee Breach within thirty (30) days after Xxxxxx’s receipt of written notice from County and diligently prosecutes such cure to completion.

Lessee Default shall have the meaning set forth in Section 13.1 hereof.

Lessee Default means an event that with the giving of notice or the lapse of time, or both, would constitute a Lessee Event of Default, (c) the term “Lessor Event of Default” shall mean any event described in Section 11.2 hereof, and (d) the term “Lessor Default” shall mean an event that with the giving of notice or the lapse of time, or both, would constitute a Lessor Event of Default.

Lessee Default shall have the meaning as set forth in Clause 19.1 “Lessee” shall have the meaning attributed thereto in the array of Parties; “LOA” means the letter of award bearing number [●] dated [●];