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 10.3.
Lessee Default has the meaning ascribed thereto in Section 16.1(a).
Examples of Lessee Default in a sentence
Any failure by [AIRLINE] to provide such notice to the Leasehold Mortgagee shall not operate to cure the Lessee Default.
If a Lessee Default has occurred and is continuing, Lessor may terminate this Lease by written notice to Lessee following the expiration of the applicable cure period, and may exercise any other remedy it may have at law or equity.
More Definitions of Lessee Default
Lessee Default has the meaning specified in Section 21.
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 Lessee’s failure to cure a Lessee Breach under this Agreement within (a) ten (10) days after Lessee’s receipt of written notice from County in the case of the payment of money, or (b) thirty (30) days after Lessee’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 Lessee’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 [●];