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Lessee Default means any default by the applicable Lessee in payment of a total of three months of rent pursuant to such Lease, and such default remains uncured for more than 120 days from the original due date of the latest payment resulting in a total of three months of rent remaining unpaid.
Proc., § 585(a), (b), (c).) Usually, several days will pass from the time the default was filed to the date that the court clerk actually enters the default in the register of actions. Once the default is deemed ?entered,? you must get an entry of default within 45 days if you intend to obtain a default judgment.
If your business defaults on a lease, it means that you fail to comply with one or more provisions in the leasing agreement. When this happens, your landlord sends your company an official letter.
A ?default? is a failure to comply with a provision in the lease. ?Curing? or ?remedying? the default means correcting the failure or omission. A common example is a failure to pay the rent on time.
Default tenancy is shared. You and other customers all have VM's on the same hypervisor, and the separation is programmatic. Dedicated tenancy means you're the only customer running anything on that host.