Common use of Conditional Limitation Clause in Contracts

Conditional Limitation. If Tenant shall default beyond any applicable notice and grace periods in the payment of Rent or additional rent hereunder more than twice in any twelve (12) month period during the Term hereof, nothing contained in this Article 17 shall be deemed to require Landlord to give the notices herein provided for prior to the commencement of a summary proceeding for non-payment of rent or a plenary action for recovery of rent on account of any default in the payment of the same, it being intended that such notices are for the sole purpose of creating a conditional limitation hereunder pursuant to which this Lease shall terminate and if Tenant thereafter remains in possession after such termination, Tenant shall do so as a holdover tenant.