Common use of Lessor Defaults Clause in Contracts

Lessor Defaults. The following events shall be defaults with respect to Lessor (each, a “Lessor Default”): 7.3.1 Lessor breaches any material term of this Agreement and such breach remains uncured for thirty (30) days following notice of such breach to Lessor; and (i) Lessor commences a voluntary case under any bankruptcy law; (ii) Lessor fails to controvert in a timely and appropriate manner, or acquiesces in writing to, any petition filed against Lessor in an involuntary case under any bankruptcy law; or (iii) any involuntary bankruptcy proceeding commenced against Lessor remains undismissed or undischarged for a period of sixty (60) days.

Lessor Defaults. The following events shall be defaults with respect to Lessor (each, a “Lessor Default”): 7.3.1 6.3.1. Lessor materially breaches any material term of this Agreement and such breach remains re- mains uncured for thirty (30) days following notice of such breach to Lessor, or such longer cure period as may be agreed to by the Parties; and (i) Lessor commences a voluntary case under any bankruptcy law; (ii) Lessor Les- sor fails to controvert in a timely and appropriate manner, or acquiesces in writing to, any petition filed against Lessor in an involuntary case under any bankruptcy law; or (iii) any involuntary bankruptcy proceeding commenced against Lessor remains undismissed or undischarged un- discharged for a period of sixty (60) days.