Nevada Revised Statutes Title 8. Commercial Instruments and Transactions § 100.137. Enforceability of default by lessee

1. The lessee fails to make a payment as required by the lease agreement, but in no case less than 30 days after the date required by the lease agreement; or

2. The prospect of payment, performance or realization of collateral is significantly impaired. The burden of establishing the prospect of significant impairment is on the lessor.