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12.01 Defaults. The occurrence of anyone or more of the following events shall constitute a material default or breach of this Lease by Lessee. (a) The abandonment of the Leased Premises by Lessee for a period of more than Sixty (60) consecutive days, unless ordered to do so by governmental authority. (b) The failure by Lessee to make any payment of rent or any other payment required to be made by Lessee hereunder, as and when due, where such failure shall continue for a period of ten (10) days after mailing of written notice thereof from Lessor to Lessee. (c) The failure by Lessee to observe or perform any of the covenants, conditions or provisions of this Lease in any material respect to be observed or performed by Lessee, other than those described in Paragraph 12.01(b) above, where such failure shall continue for a period of thirty (30) days after mailing of written notice thereof from Lessor to Lessee; provided, however, that, if the nature of Lessee's default is such that more than thirty (30) days are reasonably required for its cure, then Lessee shall not be deemed to be in default if Lessee commenced such cure within said Thirty (30) day period and thereafter diligently prosecutes such cure to completion. (d) The making by Lessee of any general arrangement or assignment for the benefit of creditors, with the exception of the assignments referenced in paragraph 11.03 and 11.04 or the successors or assigns of either of them; (e) Lessee becomes a "Debtor" as defined in 11 V.S.C. s10l, or any successor statute thereto (unless, in the case of a petition filed against Lessee, the same is dismissed within sixty (60) days); ATTY/AGRJ2008.044 Lease Agreement T-Mobile 121908 22