Common use of Default Status Clause in Contracts

Default Status. Tenant shall not be considered in default under this Lease until any applicable grace period has expired without the applicable event of default having been cured.

Appears in 4 contracts

Sources: Lease Agreement (Protective Products of America, Inc.), Office Building Lease (Bioheart, Inc.), Lease Agreement (Protective Products of America, Inc.)

Default Status. Tenant shall not be considered in default under this Lease until any the applicable grace period has periods have expired without the applicable event of default having been cured.

Appears in 1 contract

Sources: Commercial Lease (Barpoint Com Inc)