Common use of DEFAULT OF LESSEE Clause in Contracts

DEFAULT OF LESSEE. Each of the following, but not limited thereto, shall be deemed a default by Lessee and a breach of this Lease: i. A default in the performance of any covenants or condition on the part of Lessee to be performed, for a period of TEN (10) business days after the service of notice by Lessor, provided, however, that no default on the part of Lessee in the performance of work required to be performed or acts to be done or conditions to be modified shall be deemed to exist if before the end of such TEN (10) business day period, Lessee has begun to rectify the same, and thereafter prosecutes the curing to completion with diligence and continuity. ii. The taking possession of the property of Lessee by any governmental office or agency pursuant to statutory authority for the dissolution or liquidation of the Lessee. iii. The vacation or abandonment of the Leased Premises by Lessee for more than SIXTY (60) days.

DEFAULT OF LESSEE. Each of the following, but not limited thereto, shall be deemed a default by Lessee ▇▇▇▇▇▇ and a breach of this Lease: i. A default in the performance of any covenants or condition on the part of Lessee to be performed, for a period of TEN (10) business days after the service of notice by Lessor, provided, however, that no default on the part of Lessee in the performance of work required to be performed or acts to be done or conditions to be modified shall be deemed to exist if before the end of such TEN (10) business day period, Lessee has begun to rectify the same, and thereafter prosecutes the curing to completion with diligence and continuity. ii. The taking possession of the property of Lessee by any governmental office or agency pursuant to statutory authority for the dissolution or liquidation of the Lessee. iii. The vacation or abandonment of the Leased Premises by Lessee for more than SIXTY (60) days.