Common use of LANDLORD MAY PERFORM COVENANTS Clause in Contracts

LANDLORD MAY PERFORM COVENANTS. If the Tenant shall fail to perform any of the covenants or obligations of the Tenant under or in respect of this Lease, the Landlord, subject as hereinafter provided, may from time to time, in its discretion, perform or cause to be performed any of such covenants or obligations, or any part thereof, and for such purpose may do such things as may be requisite, including without limiting the foregoing, entering upon the Premises and doing such things upon or in respect of the Premises or any part thereof as the Landlord may consider requisite or necessary or making, on behalf of the Tenant, any payment which the Tenant is obligated to make under the provisions of this Lease (including all expenses incurred and expenditures made by or on behalf of the Landlord under this paragraph or any other amounts owing by the Tenant to the Landlord under the provisions of this Lease, other than rent) shall, unless otherwise provided in this Lease, be forthwith paid by the Tenant to the Landlord upon receipt of written notice requesting same and if not so paid shall bear interest at the same rate as referred to in paragraph 3 of this Lease, from the date the same were incurred, made or due (particulars as to which shall be given by the Landlord to the Tenant) and all amounts owing to the Landlord and referred to by this paragraph shall be deemed to be Additional Rent and recoverable by the Landlord in the same manner as if they were rent in arrears and with like powers of distress. Provided that, except in cases of emergency, the Landlord before exercising its rights under this paragraph to perform any obligation or covenant of the Tenant shall give the Tenant fifteen (15) days' notice of the default which the Landlord intends to remedy and if the Tenant within said period forthwith remedies or takes such action as may be necessary to remedy said default and thereafter pursues and completes same with reasonable diligence the Landlord shall not proceed under this paragraph in respect of said default.

Appears in 2 contracts

Samples: Lease Amending Agreement (Hostopia.com Inc.), Lease Amending Agreement (Hostopia.com Inc.)

AutoNDA by SimpleDocs

LANDLORD MAY PERFORM COVENANTS. If The parties hereto agree that it the Sub-Tenant shall fail to perform any of the covenants or obligations of the Tenant under or in respect of this Lease, the Landlord, subject as hereinafter provided, may from time to time, in its discretion, perform or cause to be performed each and every one of the covenants and obligations of the Sub-Tenant in this Lease contained, the Landlord, without limiting any other remedy which it may have, shall have the right at all times to enter the Leased Premises for the purpose of curing any such covenants or obligations, or any part thereofdefault of the Sub-Tenant, and no such entry for such purpose shall be deemed to work a forfeiture or termination of this Lease, and the Sub-Tenant shall permit such entry. The Landlord shall give not less than seven (7) daysnotice to the Sub-Tenant of its intention to enter the Leased Premises for such purpose but may enter upon a shorter period of notice or without notice where, in the Landlord's reasonable judgment, there is real or apprehended emergency or danger to persons or property. or where any delay in remedying such default would or might materially prejudice the Landlord. For the purposes of curing the default of the Sub-Tenant under the covenants of this Lease, the Landlord may perform or cause the same to be performed and do or cause to be done such things as may be requisitenecessary or incidental thereto, including (including, without limiting the foregoing, entering upon the Premises right to make repairs, installations, erections and doing such things upon or in respect of the Premises or any part thereof as expend monies). The Sub-Tenant shall reimburse the Landlord may consider requisite or necessary or making, on behalf of the Tenant, any payment which the Tenant is obligated to make under the provisions of this Lease (including upon demand for all expenses incurred and expenditures made by or on behalf of the Landlord under this paragraph or any other amounts owing by the Tenant to the Landlord under the provisions of this Lease, other than rent) shall, unless otherwise provided in this Lease, be forthwith paid by the Tenant to the Landlord upon receipt of written notice requesting same and if not so paid shall bear interest at the same rate as referred to in paragraph 3 of this Lease, from the date the same were incurred, made or due (particulars as to which shall be given by the Landlord to the Tenant) and all amounts owing to the Landlord and referred to by this paragraph shall be deemed to be Additional Rent and recoverable by the Landlord in remedying any such default, together with interest thereon from the same manner as if they were rent date incurred until paid at the rate of interest specified in arrears and with like powers of distress. Provided that, except in cases of emergency, the Landlord before exercising its rights under this paragraph to perform any obligation or covenant of the Tenant shall give the Tenant fifteen (15) days' notice of the default which the Landlord intends to remedy and if the Tenant within said period forthwith remedies or takes such action as may be necessary to remedy said default and thereafter pursues and completes same with reasonable diligence the Landlord shall not proceed under this paragraph in respect of said default.Article 7.12

Appears in 1 contract

Samples: Sublease Agreement (Alttech Ventures Corp)

LANDLORD MAY PERFORM COVENANTS. If The parties hereto agree that it the Tenant shall fail to perform any or cause to be performed each and every one of the covenants or and obligations of the Tenant in this Lease contained, the Landlord, without limiting any other remedy which it may have, shall have the right at all times to enter the Leased Premises for the purpose of curing any such default of the Tenant, and no such entry for such purpose shall be deemed to work a forfeiture or termination of this Lease, and the Tenant shall permit such entry. The Landlord shall give not less than seven (7) days' notice to the Tenant of its intention to enter the Leased Premises for such purpose but may enter upon a shorter period of notice or without notice where, in the Landlord's reasonable judgment, there is real or apprehended emergency or danger to persons or property. or where any delay in remedying such default would or might materially prejudice the Landlord. For the purposes of curing the default of the Tenant under or in respect the covenants of this Lease, the Landlord, subject as hereinafter provided, Landlord may from time perform or cause the same to time, in its discretion, perform be performed and do or cause to be performed any of such covenants or obligations, or any part thereof, and for such purpose may do done such things as may be requisitenecessary or incidental thereto, including (including, without limiting the foregoing, entering upon the Premises right to make repairs, installations, erections and doing such things upon or in respect of the Premises or any part thereof as expend monies). The Tenant shall reimburse the Landlord may consider requisite or necessary or making, on behalf of the Tenant, any payment which the Tenant is obligated to make under the provisions of this Lease (including upon demand for all expenses incurred and expenditures made by or on behalf of the Landlord under this paragraph or any other amounts owing by the Tenant to the Landlord under the provisions of this Lease, other than rent) shall, unless otherwise provided in this Lease, be forthwith paid by the Tenant to the Landlord upon receipt of written notice requesting same and if not so paid shall bear interest at the same rate as referred to in paragraph 3 of this Lease, from the date the same were incurred, made or due (particulars as to which shall be given by the Landlord to the Tenant) and all amounts owing to the Landlord and referred to by this paragraph shall be deemed to be Additional Rent and recoverable by the Landlord in remedying any such default, together with interest thereon from the same manner as if they were rent date incurred until paid at the rate of interest specified in arrears and with like powers of distress. Provided that, except in cases of emergency, the Landlord before exercising its rights under this paragraph to perform any obligation or covenant of the Tenant shall give the Tenant fifteen (15) days' notice of the default which the Landlord intends to remedy and if the Tenant within said period forthwith remedies or takes such action as may be necessary to remedy said default and thereafter pursues and completes same with reasonable diligence the Landlord shall not proceed under this paragraph in respect of said default.Article 7.12

Appears in 1 contract

Samples: Alttech Ventures Corp

LANDLORD MAY PERFORM COVENANTS. If 20.1 The parties hereto agree that if the Tenant shall fail to perform any or cause to be performed each and every one of the covenants or and obligations of the Tenant in this Lease contained, the Landlord, without limiting any other remedy which it may have, shall have the right at all times to enter the Leased Premises for the purpose of curing any such default of the Tenant, and no such entry for such purpose shall be deemed to work a forfeiture or termination of this Lease, and the Tenant shall permit such entry. The Landlord shall give not less than seven (7) days' notice to the Tenant of its intention to enter the Leased Premises for such purpose but may enter upon a shorter period of notice or without notice where, in the Landlord's reasonable judgment, there is real or apprehensive emergency or danger to persons or property, or where any delay in remedying such default would or might materiality prejudice the Landlord. For the purpose of curing the default of the Tenant under or in respect the covenants of this Lease, the Landlord, subject as hereinafter provided, Landlord may from time to time, in its discretion, perform or cause to be performed any of such covenants or obligations, or any part thereof, and for such purpose may do done such things as may be requisitenecessary or incidental thereto, including (including, without limiting the foregoing, entering upon the Premises right to make repairs, installations, erections, and doing such things upon or in respect of the Premises or any part thereof as expend moneys). The Tenant shall reimburse the Landlord may consider requisite or necessary or makingupon demand for all expenses incurred by the Landlord in remedying any such default, on behalf together with interest thereon at eighteen (I 8) per annum from the date incurred until paid. The Landlord shall be under no obligation to remedy any default of the Tenant, and shall not incur any payment which liability to the Tenant is obligated to make under the provisions of this Lease (including all expenses incurred and expenditures made by for any action or on behalf of the Landlord under this paragraph or any other amounts owing by the Tenant to the Landlord under the provisions of this Lease, other than rent) shall, unless otherwise provided in this Lease, be forthwith paid by the Tenant to the Landlord upon receipt of written notice requesting same and if not so paid shall bear interest at the same rate as referred to in paragraph 3 of this Lease, from the date the same were incurred, made or due (particulars as to which shall be given by the Landlord to the Tenant) and all amounts owing to the Landlord and referred to by this paragraph shall be deemed to be Additional Rent and recoverable by the Landlord omission in the same manner as if they were rent in arrears and with like powers course of distress. Provided that, except in cases of emergency, the Landlord before exercising its rights under this paragraph to perform any obligation remedying or covenant of the Tenant shall give the Tenant fifteen (15) days' notice of the default which the Landlord intends attempting to remedy and if the Tenant within said period forthwith remedies or takes any such action as may be necessary to remedy said default and thereafter pursues and completes same with reasonable diligence the Landlord shall not proceed under this paragraph in respect of said default.

Appears in 1 contract

Samples: Indenture of Lease (Abattis Bioceuticals Corp)

AutoNDA by SimpleDocs

LANDLORD MAY PERFORM COVENANTS. If The parties hereto agree that it the Tenant shall fail to perform any or cause to be performed each and every one of the covenants or and obligations of the Tenant in this Lease contained, the Landlord, without limiting any other remedy which it may have, shall have the right at all times to enter the Leased Premises for the purpose of curing any such default of the Tenant, and no such entry for such purpose shall be deemed to work a forfeiture or termination of this Lease, and the Tenant shall permit such entry. The Landlord shall give not less than seven (7) days' notice to the Tenant of its intention to enter the Leased Premises for such purpose but may enter upon a shorter period of notice or without notice where, in the Landlord's reasonable judgment, there is real or apprehended emergency or danger to persons or property, or where any delay in remedying such default would or might materially prejudice the Landlord. For the purposes of curing the default of the Tenant under or in respect the covenants of this Lease, the Landlord, subject as hereinafter provided, Landlord may from time perform or cause the same to time, in its discretion, perform be performed and do or cause to be performed any of such covenants or obligations, or any part thereof, and for such purpose may do done such things as may be requisitenecessary or incidental thereto, including (including, without limiting the foregoing, entering upon the Premises right to make repairs, installations, erections and doing such things upon or in respect of the Premises or any part thereof as expend monies). The Tenant shall reimburse the Landlord may consider requisite or necessary or makingupon demand for all expenses incurred by the Landlord in remedying any such default, on behalf together with interest thereon from the date incurred until paid at the rate of interest specified in Article 6.12 hereof. The Landlord shall be under no obligation to remedy any default of the Tenant, and shall not incur any payment which liability to the Tenant is obligated to make under the provisions of this Lease (including all expenses incurred and expenditures made by or on behalf of the Landlord under this paragraph or any other amounts owing by the Tenant to the Landlord under the provisions action of this Lease, other than rent) shall, unless otherwise provided in this Lease, be forthwith paid by the Tenant to the Landlord upon receipt of written notice requesting same and if not so paid shall bear interest at the same rate as referred to in paragraph 3 of this Lease, from the date the same were incurred, made or due (particulars as to which shall be given by the Landlord to the Tenant) and all amounts owing to the Landlord and referred to by this paragraph shall be deemed to be Additional Rent and recoverable by the Landlord omission in the same manner as if they were rent in arrears and with like powers course of distress. Provided that, except in cases of emergency, the Landlord before exercising its rights under this paragraph to perform any obligation remedying or covenant of the Tenant shall give the Tenant fifteen (15) days' notice of the default which the Landlord intends attempting to remedy and if the Tenant within said period forthwith remedies or takes any such action as may be necessary default unless such act amounts to remedy said default and thereafter pursues and completes same with reasonable diligence the Landlord shall not proceed under this paragraph in respect of said defaultgross negligence.

Appears in 1 contract

Samples: Lease Agreement (Chineseworldnet Com Inc)

LANDLORD MAY PERFORM COVENANTS. If the Tenant shall fail to perform any of the covenants or obligations of the Tenant under or in respect of this Leaselease, the Landlord, subject as hereinafter provided, may from time to time, in its discretion, perform or cause to be performed any of such covenants or obligations, or any part thereof, and for such purpose may do such things as may be requisite, including without limiting the foregoing, entering upon the Premises and doing such things upon or in respect of the Premises or any part thereof as the Landlord may consider requisite or necessary or making, on behalf of the Tenant, any payment which the Tenant is obligated to make under the provisions of this Lease lease (including all expenses incurred and expenditures made by or on behalf of the Landlord under this paragraph or and any other amounts owing by the Tenant to the Landlord under the provisions of this Leaselease, other than rent) shall, unless otherwise provided in this Leaselease, be forthwith paid by the Tenant to the Landlord upon receipt of written notice requesting same and if not so paid shall bear interest at the same rate as referred to in paragraph 3 of this Leaselease, from the date the same were incurred, made or due (particulars as to which shall be given by the Landlord to the Tenant) and all amounts owing to the Landlord and referred to by this paragraph shall be deemed to be Additional Rent additional rent and recoverable by the Landlord in the same manner as if they were rent in arrears and with like powers of distress. Provided that, except in cases of emergency, the Landlord before exercising its rights under this paragraph clause to perform any obligation or covenant of the Tenant shall give to the Tenant fifteen (15) days' notice of the default which the Landlord intends to remedy and if the Tenant within said period forthwith remedies or takes such action as may be necessary to remedy said default and thereafter pursues and completes same with all reasonable diligence the Landlord shall not proceed under this paragraph clause in respect of said default.

Appears in 1 contract

Samples: Indenture (McData Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.