Common use of Cancellation by Owner Clause in Contracts

Cancellation by Owner. In case of failure of Lessee to keep and perform its obligations under this Lease, Owner may give to Lessee written notice of default, specifying the details of the same. If such default is not remedied within thirty (30) days after the receipt of said notice, provided the same can reasonably be done within that time, or if not, if Lessee has not within that time commenced action to cure the same and does not thereafter diligently prosecute such action to completion, then this Agreement my be cancelled at the option of Owner by written notice to Lessee which remedy shall be exclusive. No forfeiture, however, shall be based an a default hereunder or an a failure to remedy the sane, when resulting from any cause beyond the control of Lessee including, without limitation, the Force Majeure provisions of Section 17.