Common use of Cure Defaults Clause in Contracts

Cure Defaults. If Tenant shall default in the performance -------------- of any provision, covenant or condition on its part to be performed under this lease, Landlord may, at his option, perform the same for the account and at the expense of Tenant. If Landlord at any time shall be compelled to pay or elects to pay any sum of money or do any act which requires the payment of any sum of money by reason of the failure of the Tenant to comply with any provision of this lease, or if Landlord incurs any expense in prosecuting or defending any action or proceeding by reason of any default of Tenant under this lease, or if Landlord incurs any expense in prosecuting or defending any action or proceeding by reason of any default of Tenant under this lease, the sums so paid by Landlord with interest at the rate of 12% per annum, costs and damages shall be due from and be paid by Tenant to Landlord on demand.

Cure Defaults. If Tenant shall default in the performance -------------- of ------------- any provision, covenant or condition on its part to be performed under this lease, Landlord may, at his option, perform the same for the account and at the expense of Tenant. If Landlord at any -15- LANDLORD _________________ TENANT ____________________ time shall be compelled to pay or elects to pay any sum of money or do any act which requires the payment of any sum of money by reason of the failure of the Tenant to comply with any provision of this lease, or if Landlord incurs any expense in prosecuting or defending any action or proceeding by reason of any default of Tenant under this lease, or if Landlord incurs any expense in prosecuting or defending any action or proceeding by reason of any default of Tenant under this lease, the sums so paid by Landlord Landlord, with interest at the rate of 12% per annum, costs and damages shall be due from and be paid by Tenant to Landlord on demand.