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

LANDLORD'S RIGHT TO CURE DEFAULT. In the event Tenant fails to timely perform or observe any of the terms and conditions of this lease to be observed or performed by Tenant, and such failure on the part of Tenant shall continue after the giving of all required notices by Landlord to Tenant and the expiration of all applicable cure periods, then and in such event, Landlord may, but shall not be obligated to, without any further notice to or demand upon Tenant, make the payment Tenant has failed to make or perform or otherwise cause compliance with the provision that is the subject of Tenant's failure. Xxxxxxxx's taking such action shall not be considered a cure of such failure by Xxxxxx. Landlord may take such action without releasing Tenant from any obligations under this lease and without waiving or releasing any right or remedy of Landlord under this lease, at law or in equity with respect to the matter in question. Tenant shall pay to Landlord, no later than 15 days after demand, all costs incurred by Landlord in connection with the remedying by Landlord of Defaults by Tenant under this lease and all other reasonable amounts paid and obligations incurred by Landlord in connection therewith.

Appears in 3 contracts

Samples: Warehouse Lease, Warehouse Lease, Warehouse Lease

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LANDLORD'S RIGHT TO CURE DEFAULT. In the event Tenant fails to timely perform or observe any of the terms and conditions of this lease to be observed or performed by Tenant, and such failure on the part of Tenant shall continue after the giving of all required notices by Landlord to Tenant and the expiration of all applicable cure periods, then and in such event, Landlord may, but shall not be obligated to, without any further notice to or demand upon Tenant, make the payment Tenant has failed to make or perform or otherwise cause compliance with the provision that is the subject of Tenant's failure. XxxxxxxxLandlord's taking such action shall not be considered a cure of such failure by XxxxxxTenant. Landlord may take such action without releasing Tenant from any obligations under this lease and without waiving or releasing any right or remedy of Landlord under this lease, at law or in equity with respect to the matter in question. Tenant shall pay to Landlord, no later than 15 days after demand, all costs incurred by Landlord in connection with the remedying by Landlord of Defaults by Tenant under this lease and all other reasonable amounts paid and obligations incurred by Landlord in connection therewith.

Appears in 3 contracts

Samples: Warehouse Lease, Warehouse Lease, Warehouse Lease

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LANDLORD'S RIGHT TO CURE DEFAULT. In the event Tenant fails to timely perform or observe any of the terms and conditions of this lease Lease to be observed or performed by Tenant, and Landlord shall have the right (but not the obligation) after giving not less than 10 days' prior notice thereof to Tenant (provided, however, that no such failure on the part of Tenant notice shall continue after the giving of all be required notices to be given by Landlord to Tenant and the expiration of all applicable cure periods, then and in such event, Landlord may, but shall not be obligated to, without at any further notice to time or demand upon Tenantduring any conditions constituting an Emergency), make the payment Tenant has failed to make or perform or otherwise cause compliance with the provision that is the subject of Tenant's failure. XxxxxxxxLandlord's taking such action shall not be considered a cure of such failure by XxxxxxTenant. Landlord may take such action without releasing Tenant from any obligations under this lease Lease and without waiving or releasing any right or remedy of Landlord under this leaseLease, at law or in equity with respect to the matter in question. Tenant shall pay to Landlord, no later than 15 days after upon demand, all costs incurred by Landlord in connection with the remedying by Landlord of Defaults defaults by Tenant under this lease Lease and all other reasonable amounts paid and obligations incurred by Landlord in connection therewith.

Appears in 1 contract

Samples: Lease Agreement (Carrollton Bancorp)

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