Common use of Default in Rent Clause in Contracts

Default in Rent. Failure of Lessee to pay any Rent or other charge within 10 days after written notice from Lessor. However, Lessor will not be required to provide such notice more than 2 times in any calendar year. Thereafter, failure to pay Rent by the due date will be deemed an automatic Event of Default for which no additional notice or cure period need be granted.

Appears in 2 contracts

Sources: Lease Agreement (Grown Rogue International Inc.), Lease Agreement (Grown Rogue International Inc.)

Default in Rent. Failure of Lessee (a) to pay any Rent rent within ten (10) days after it is due and after Lessor shall have first given Lessee ten (10) days' written notice of nonpayment, provided that such written notice shall not be given more than once in any calendar year or (b) failure to pay any charge other charge than rent which is Lessee's responsibility within 10 thirty (30) days after written notice from Lessor. However, of said charge has been given by Lessor will not be required to provide such notice more than 2 times in any calendar year. Thereafter, failure to pay Rent by the due date will be deemed an automatic Event of Default for which no additional notice or cure period need be grantedLessee.

Appears in 1 contract

Sources: Lease Agreement (800 Com Inc)