Default by Lessor. The occurrence of any one or more of the following events shall constitute a material default and breach of this Lease by Lessor: (a) The failure by Lessor to observe or perform any of the covenants, conditions or provisions of this Lease to be observed or performed by Lessor, if such failure continues for a period of 30 days following written notice from Lessee; provided, however, if a reasonable time to cure such default would exceed 30 days, Lessor shall not be in default so long as Lessor begins to cure such default within 30 days of receiving written notice from Lessee and thereafter completes the curing of such default within a reasonable period of time following the receipt of such written notice from Lessee; or (b) The occurrence of a Bankruptcy Event with respect to Lessor.
Appears in 6 contracts
Sources: Site Lease Agreement (Westlake Chemical Partners LP), Site Lease Agreement (Westlake Chemical Partners LP), Site Lease Agreement (Westlake Chemical Partners LP)
Default by Lessor. The occurrence of any one or more of the following events shall constitute a material default and breach of this Lease by Lessor:
(a) The failure by Lessor to observe or perform any of the other covenants, conditions or provisions of this Lease to be observed or performed by Lessor, if such failure continues for a period of 30 days following written notice from Lessee; provided, however, if a reasonable time to cure such default would exceed 30 days, Lessor shall not be in default so long as Lessor begins to cure such default within 30 days of receiving written notice from Lessee and thereafter completes the curing of such default within a reasonable period of time following the receipt of such written notice from Lessee; or
(b) The occurrence of a Bankruptcy Event with respect to LessorEvent.
Appears in 3 contracts
Sources: Lease Agreement (HollyFrontier Corp), Lease Agreement (Holly Energy Partners Lp), Lease Agreement (Holly Corp)
Default by Lessor. The occurrence of any one or more of the following events shall constitute a material default and breach of this Lease by Lessor:
(a) The failure by Lessor to observe or perform any of the other covenants, conditions or provisions of this Lease to be observed or performed by Lessor, if such failure continues for a period of 30 days following written notice from LesseeLessees; provided, however, if a reasonable time to cure such default would exceed 30 days, Lessor shall not be in default so long as Lessor begins to cure such default within 30 days of receiving written notice from Lessee Lessees and thereafter completes the curing of such default within a reasonable period of time following the receipt of such written notice from LesseeLessees; or
(b) The occurrence of a Bankruptcy Event with respect to LessorEvent.
Appears in 2 contracts
Sources: Lease and Access Agreement (Holly Corp), Lease and Access Agreement (Holly Energy Partners Lp)
Default by Lessor. The occurrence of any one or more of the following events shall constitute a а material default and material breach of this Lease by Lessor:
: (a) The failure by Lessor to observe or perform any of the other covenants, conditions or provisions of this Lease to be observed or performed by Lessor, if such failure continues for a а period of 30 90 days following written notice from Lessee; provided, however, if a а reasonable time to cure such default would exceed 30 90 days, Lessor shall not be in default so long as Lessor begins to cure such default within 30 90 days of receiving written notice from Lessee and thereafter completes the curing of such default within a а reasonable period of time following the receipt of such written notice from Lessee; or
or (b) The occurrence of a а Bankruptcy Event with respect to the Lessor.
Appears in 1 contract
Sources: Lease and Access Agreement
Default by Lessor. The occurrence of any one or more of the following events shall constitute a material default and breach of this Asset Lease by Lessor:
(a) The failure by Lessor to observe or perform any of the covenants, conditions or provisions of this Asset Lease to be observed or performed by Lessor, if such failure continues for a period of 30 thirty (30) days following written notice from Lessee; provided, however, if a reasonable time to cure such default would exceed 30 thirty (30) days, Lessor shall not be in default so long as Lessor begins to cure such default within 30 thirty (30) days of receiving written notice from Lessee and thereafter completes the curing of such default within a reasonable period of time following the receipt of such written notice from Lessee; or
(b) The occurrence of a Bankruptcy Event with respect to of Lessor.
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Default by Lessor. The occurrence of any one or more of the following events shall constitute a а material default and material breach of this Lease by Lessor:
(a) The failure by Lessor to observe or perform any of the other covenants, conditions or provisions of this Lease to be observed or performed by Lessor, if such failure continues for a а period of 30 90 days following written notice from Lessee; provided, however, if a а reasonable time to cure such default would exceed 30 90 days, Lessor shall not be in default so long as Lessor begins to cure such default within 30 90 days of receiving written notice from Lessee and thereafter completes the curing of such default within a а reasonable period of time following the receipt of such written notice from Lessee; or
(b) The occurrence of a а Bankruptcy Event with respect to the Lessor.
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Default by Lessor. The occurrence of any one or more of the following events shall constitute a material default and material breach of this Lease by Lessor:
(a) The failure by Lessor to observe or perform any of the other covenants, conditions or provisions of this Lease to be observed or performed by Lessor, if such failure continues for a period of 30 90 days following written notice from Lessee; provided, however, if a reasonable time to cure such default would exceed 30 90 days, Lessor shall not be in default so long as Lessor begins to cure such default within 30 90 days of receiving written notice from Lessee and thereafter completes the curing of such default within a reasonable period of time following the receipt of such written notice from Lessee; or
(b) The occurrence of a Bankruptcy Event with respect to the Lessor.
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