Common use of Default by District Clause in Contracts

Default by District. The following constitutes a "Default" by District: i) the failure by District to make any payment of Rent or other payments required hereunder on or before the due date thereof and such failure continues for a period of thirty (30) days after receipt by District of written notice thereof from District; or ii) the failure by District to observe or perform any of the covenants, conditions or provisions of this Lease to be observed or performed by District and such failure continues for a period of sixty (60) days after receipt by District of written notice thereof from City; provided, however, it shall not be a Default hereunder if such failure is not capable of being cured within such sixty (60)-day period and District commences such cure within such sixty (60)-day period and diligently thereafter continues to effect such cure.