Common use of Events of Default by District Defined Clause in Contracts

Events of Default by District Defined. The following shall be “Events of Default” of the District under this Facilities Lease. The terms “Event of Default” and “Default,” whenever they are used as to the District in the Site Lease or this Facilities Lease, shall only mean one or more of the following events: 22.4.1.1 Failure by the District to pay payments required pursuant to the Guaranteed Maximum Price Provisions in Exhibit C, and the continuation of this failure for a period of forty-five (45) days. 22.4.1.2 Failure by the District to perform any material covenant, condition or agreement in this Facilities Lease and that failure continues for a period of forty-five (45) days after Developer provides District with written notice specifying that failure and requesting that the failure be remedied; provided, however, if the failure stated in the notice cannot be corrected within the applicable period, Developer shall not withhold its consent to an extension of time if corrective action is instituted by the District within the applicable period and diligently pursued until the default is corrected.

Events of Default by District Defined. The following shall be “Events of Default” of the District under this Facilities Lease. The terms “Event of Default” and “Default,” shall mean, whenever they are used as to the District in the Site Lease or this Facilities Lease, shall only mean be one or more of the following events: 22.4.1.1 : Failure by the District to pay payments required pursuant to the Guaranteed Maximum Price Project Cost Provisions indicated in Exhibit C, and the continuation of this such failure for a period of forty-five (45) days. 22.4.1.2 . Failure by the District to perform any material covenant, condition or agreement in this Facilities Lease and that failure continues for a period of forty-five (45) days after Developer Contractor provides District with written notice specifying that failure and requesting that the failure be remedied; provided, however, if the failure stated in the notice cannot be corrected within the applicable period, Developer Contractor shall not unreasonably withhold its consent to an extension of such time if corrective action is instituted by the District within the applicable period and diligently pursued until the default is corrected.

Events of Default by District Defined. The following shall be “Events of Default” of the District under this Facilities Lease. The terms “Event of Default” and “Default,” whenever they are used as to the District in the Site Lease or this Facilities Lease, shall only mean one or more of the following events: 22.4.1.1 Failure by the District to pay payments required pursuant to the Guaranteed Maximum Price Provisions GMP provisions in Exhibit C, and the continuation of this failure for a period of forty-five (45) days.. D R A F T 22.4.1.2 Failure by the District to perform any material covenant, condition or agreement in this Facilities Lease and that failure continues for a period of forty-five (45) days after Developer provides District with written notice specifying that failure and requesting that the failure be remedied; provided, however, if the failure stated in the notice cannot be corrected within the applicable period, Developer shall not withhold its consent to an extension of time if corrective action is instituted by the District within the applicable period and diligently pursued until the default is corrected.