Common use of LANDLORD'S RIGHT TO CURE DEFAULT Clause in Contracts

LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after Tenant commits a default or breach under this Lease, may cure such default or breach at Tenant's sole cost. If Landlord at any time, by reason of Tenant's default or breach, pays any sum or does any act that requires the payment of any sum, such sum shall be due immediately from Tenant to Landlord at the time such sum is paid, and shall be deemed additional rent under this Lease.

Appears in 2 contracts

Samples: Office Building Lease (Fair Isaac & Company Inc), Office Lease (HNC Software Inc/De)

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LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after Tenant commits a default or breach under this Lease, may cure such the default or breach at on Tenant's sole costbehalf. If Tenant shall reimburse Landlord at any timefor the cost of such performance upon demand, together with an administrative charge equal to 10% of the cost of the work performed or the expenditures made by reason of Tenant's default or breach, pays any sum or does any act that requires the payment of any sum, such sum shall be due immediately from Tenant to Landlord along with interest at the time such sum is paid, and shall be deemed Default Rate from the date incurred by Landlord until the date paid by Tenant (all of which constitutes additional rent under this Lease).

Appears in 1 contract

Samples: Lease Agreement (8x8 Inc /De/)

LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after Tenant commits a default or breach is in Default under this Lease, may cure such default or breach Default at Tenant's sole cost. If Landlord at any time, by reason of Tenant's default or breachDefault , pays any sum or does any act that requires the payment of any sum, such sum shall be due immediately from Tenant to Landlord at the time such sum is paid, and shall be deemed additional rent under this Lease.

Appears in 1 contract

Samples: Lease (American Residential Investment Trust Inc)

LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after Tenant commits a default or breach under this Lease, may cure such the default or breach at on Tenant's sole cost’s behalf. If Tenant shall reimburse Landlord at any timefor the cost of such performance upon demand, together with an administrative charge equal to 10% of the cost of the work performed or the expenditures made by reason of Tenant's default or breach, pays any sum or does any act that requires the payment of any sum, such sum shall be due immediately from Tenant to Landlord along with interest at the time such sum is paid, and shall be deemed Default Rate from the date incurred by Landlord until the date paid by Tenant (all of which constitutes additional rent under this Lease).

Appears in 1 contract

Samples: Lease Agreement

LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after Tenant commits a default or breach under this Lease, may cure such default or breach at Tenant's ’s sole cost. If Landlord at any time, by reason of Tenant's ’s default or breach, pays any sum or does any act that requires the payment of any sum, such sum shall be due immediately from Tenant to Landlord at the time such sum is paid, and shall be deemed constitutes additional rent under this Lease.

Appears in 1 contract

Samples: Single Tenant Net Lease Agreement (Invision Technologies Inc)

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LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after Tenant commits a default fails to perform any obligation or breach duty of Tenant under this Lease, may cure such default or breach failure at Tenant's sole cost. If Landlord at any time, by reason of Tenant's default or breachfailure to perform, pays any sum or does any act that requires the payment of any sum (plus a supervisory fee of 15 percent of such sum), such sum shall be due immediately from Tenant to Landlord at the time such sum is paid, and shall be deemed additional rent under this Lease.

Appears in 1 contract

Samples: Lease (Paramark Enterprises Inc)

LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after Tenant commits a default or breach under this Lease, may cure such the default or breach at on Tenant's sole cost’s behalf. If Tenant shall reimburse Landlord at any timefor the cost of such performance upon demand, together with an administrative charge equal to 10% of the cost of the work performed or the expenditures made by reason Landlord (all of Tenant's default or breach, pays any sum or does any act that requires the payment of any sum, such sum shall be due immediately from Tenant to Landlord at the time such sum is paid, and shall be deemed which constitutes additional rent under this Lease).

Appears in 1 contract

Samples: Lease Agreement (Nuvasive Inc)

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