Common use of Landlord’s Right to Cure Tenant’s Default Clause in Contracts

Landlord’s Right to Cure Tenant’s Default. Landlord, at any time after Tenant commits a default, can cure the default at Tenant’s cost. If Landlord at any time, by reason of Tenant’s default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted by law to charge from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest on it, shall be additional rent.

Appears in 4 contracts

Samples: Promenade Lease (Cinemark Holdings, Inc.), Promenade Lease (Cinemark Holdings, Inc.), Option to Lease (Zenlabs Holdings Inc)

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Landlord’s Right to Cure Tenant’s Default. Landlord, at any time after Tenant commits a default, can cure the default at Tenant’s cost. If Landlord at any time, by reason of Tenant’s default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted by law to charge of ten percent (10%) per annum from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest on it, shall be additional rent.

Appears in 2 contracts

Samples: Lease Agreement (Fox Factory Holding Corp), Emulex Corp /De/

Landlord’s Right to Cure Tenant’s Default. Landlord, at any time after Tenant commits a default, can cure the default at Tenant’s cost. If Landlord at any time, by reason of Tenant’s default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted by law to charge from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest on it, shall be additional rent.. UNION CITY ENTERTAINMENT CENTER

Appears in 2 contracts

Samples: Union Landing Entertainment Center Lease (Cinemark Holdings, Inc.), Union Landing Entertainment Center Lease (Cinemark Holdings, Inc.)

Landlord’s Right to Cure Tenant’s Default. Landlord, at any time after Tenant commits a default, can cure the default at Tenant’s cost. If Landlord at any time, by reason of Tenant’s default, pays any sum start or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted by law to charge of ten percent (10%) per annum from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest on it, shall be additional rent.. Initials: ________ ________

Appears in 1 contract

Samples: GigOptix, Inc.

Landlord’s Right to Cure Tenant’s Default. Landlord, at any time after Tenant commits a default, can may (but is under no obligation to) cure the default at Tenant’s cost's expense. If Landlord at any time, by reason of Tenant’s 's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall will be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall will bear interest at the maximum rate an individual is permitted by law to charge from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest on it, shall will be additional rent.

Appears in 1 contract

Samples: Assignment, Assumption and Consent Agreement (FNB Bancorp/Ca/)

Landlord’s Right to Cure Tenant’s Default. Landlord, at any time after Tenant commits a default, can may cure the default at Tenant’s cost. If Landlord at any time, by reason of Tenant’s default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted by law to charge of 8% per annum from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest on it, shall be additional rent.

Appears in 1 contract

Samples: Purchase Agreement (Colonial Downs, LLC)

Landlord’s Right to Cure Tenant’s Default. Landlord, at any time after Tenant commits a default, can cure the default at Tenant’s 's cost. If Landlord at any time, by reason of Tenant’s 's default, pays any sum or does any act that requires the payment of any sum, the sum paid by the Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum default rate an individual is permitted by law to charge from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest on it, shall be additional rent.

Appears in 1 contract

Samples: Lease (Navidec Inc)

Landlord’s Right to Cure Tenant’s Default. Landlord, at any time after Tenant commits a default, can cure the default at Tenant’s 's cost. If Landlord Landlord, at any time, time by reason of Tenant’s Tenants default, pays any sum or does any act that requires the payment of any sum, the sum paid by the Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date date, shall bear interest at the maximum legal rate an individual is permitted by law to charge from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest on it, shall be additional rent.

Appears in 1 contract

Samples: Commercial Lease Agreement (Intellisys Group Inc)

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Landlord’s Right to Cure Tenant’s Default. Landlord, Landlord at any time after Tenant commits a default, can can, upon notice to Tenant, cure the default at Tenant’s cost. If Landlord at any time, by reason of Tenant’s default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted by law to charge of 10% per annum from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest on it, shall be additional rent.

Appears in 1 contract

Samples: GNLV Corp

Landlord’s Right to Cure Tenant’s Default. Landlord, at any time after Tenant commits a default, can may cure the default at Tenant’s 's cost. If Landlord Landlord, at any time, by reason of Tenant’s 's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted by law to charge from the date the this sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest on it, shall be additional rent.

Appears in 1 contract

Samples: Lease Agreement

Landlord’s Right to Cure Tenant’s Default. Landlord, at any time after Tenant commits a default, can may cure the default at Tenant’s 's cost. If Landlord Landlord, at any time, by reason of Tenant’s 's default, pays any sum or does any act that requires the payment of any sum, ,. the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted by law to charge from the date the this sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest on it, shall be additional rent.

Appears in 1 contract

Samples: Lease Agreement

Landlord’s Right to Cure Tenant’s Default. Landlord, at any time after Tenant commits a default, can cure the default at Tenant’s 's cost. If Landlord at any time, by reason of Tenant’s 's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted allowed by law to charge from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest on it, shall be additional rent.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions

Landlord’s Right to Cure Tenant’s Default. Landlord, at any time after Tenant commits a default, can cure the default at Tenant’s 's cost. If Landlord at any time, by reason of Tenant’s 's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted by law to charge Lease Interest Rate from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with accrued interest on it, shall be additional rentRent.

Appears in 1 contract

Samples: Office Lease (Community Bancorp Inc)

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