Monetary Defaults. Lessor fails to make any payment due to Lessee under this Lease and such failure continues for seven (7) Business Days after Lessor’s receipt of written notice of such failure from Lessee; or
Appears in 4 contracts
Sources: Lease Agreement (Arc Logistics Partners LP), Lease Agreement (CorEnergy Infrastructure Trust, Inc.), Membership Interests Purchase Agreement (CorEnergy Infrastructure Trust, Inc.)
Monetary Defaults. Lessor fails to make any payment due to Lessee under this Lease and such failure continues for seven fifteen (715) Business Days after Lessor’s receipt of written notice of such failure from Lessee; or
Appears in 2 contracts
Sources: Lease Agreement (CorEnergy Infrastructure Trust, Inc.), Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.)