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

Landlord’s Right to Cure Tenant’s Default. If Tenant shall fail to make any payment or to perform any act required to be made or performed hereunder when due or within any cure period provided for herein, Landlord, without waiving or releasing any obligation or default, may, but shall be under no obligation to, upon prior written notice to Tenant specifying the default to be cured and that it is curing such default under this Section 17.2 make such payment or perform such act for the account and at the expense of Tenant, and may, to the extent permitted by law, enter upon the Leased Property for such purpose and take all such action thereon as, in Landlord’s opinion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of Tenant. All sums so paid by Xxxxxxxx and all costs and expenses, including reasonable attorneys’ fees and expenses, so incurred, together with interest thereon at the Overdue Rate from the date on which such sums or expenses are paid or incurred by Landlord, shall be paid by Tenant to Landlord on demand as an Additional Charge.

Appears in 4 contracts

Samples: Master Lease (Gaming & Leisure Properties, Inc.), Master Lease (Eldorado Resorts, Inc.), Master Lease (Caesars Entertainment, Inc.)

AutoNDA by SimpleDocs

Landlord’s Right to Cure Tenant’s Default. If Tenant shall fail to make any payment or to perform any act required to be made or performed hereunder when due or takes any action prohibited hereunder and Tenant fails to cure the same within any cure period provided for herein, Landlord, without waiving or releasing any obligation or default, may, but shall be under no obligation to, upon prior written notice to Tenant specifying the default to be cured and that it is curing such default under this Section 17.2 make such payment or perform such act or remediate or cure such action for the account and at the expense of Tenant, and may, to the extent permitted by law, enter upon the Leased Property for such purpose and take all such action thereon as, in LandlordXxxxxxxx’s opinion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of Tenant. All sums so paid by Xxxxxxxx and all costs and expenses, including reasonable attorneys’ fees and expenses, so incurred, together with interest thereon at the Overdue Rate from the date on which such sums or expenses are paid or incurred by Landlord, shall be paid by Tenant to Landlord on demand as an Additional Charge.

Appears in 4 contracts

Samples: Master Lease (VICI Properties L.P.), Master Lease (MGM Resorts International), Master Lease (MGM Resorts International)

Landlord’s Right to Cure Tenant’s Default. If Tenant shall fail an Event of Default occurs under this Lease and is not cured within the time provided under this Lease with respect to make any payment or to perform any act required to be made or performed hereunder when due or within any cure period provided for hereinsuch Event of Default, Landlord, without waiving or releasing any obligation or defaultof Tenant, mayand without waiving any such Event of Default, may (but shall be under no obligation to, upon prior written notice to Tenant specifying the default to be cured and that it is curing ) at any time thereafter cure such default under this Section 17.2 make such payment or perform such act for the account and at the expense of Tenant, and may, to the extent permitted by law, enter upon the Leased Property for such purpose and take all such action thereon as, in Landlord’s opinion's sole judgment, may be necessary or appropriate thereforwith respect thereto. No such entry by Landlord on the Property shall be deemed an eviction of Tenant. All sums so paid by Xxxxxxxx Landlord and all reasonable costs and expensesexpenses (including, including without limitation, reasonable attorneys' fees and expenses, ) so incurred, ; together with interest a late charge thereon computed at the Overdue Rate from the date on which such sums or expenses are paid or incurred by LandlordLandlord until the date reimbursed, shall be paid reimbursed by Tenant to Landlord on demand as an Additional Chargedemand. The obligations of Tenant and rights of Landlord contained in this Article shall survive the expiration or earlier termination of this Lease.

Appears in 1 contract

Samples: __________ Lease (Emeritus Corp\wa\)

Landlord’s Right to Cure Tenant’s Default. If Tenant shall fail to make any payment or to perform any act required to be made or performed hereunder when due or within any cure period provided for herein, Landlord, without waiving or releasing any obligation or default, may, but shall be under no obligation to, upon prior written notice to Tenant specifying the default to be cured and that it is curing such default under this Section 17.2 make such payment or perform such act for the account and at the expense of Tenant, and may, to the extent permitted by law, enter upon the Leased Property for such purpose and take all such action thereon as, in Landlord’s opinion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of Tenant. All sums so paid by Xxxxxxxx and all costs and expenses, including reasonable attorneys’ fees and expenses, so incurred, together with interest thereon at the Overdue Rate from the date on which such sums or expenses are paid or incurred by Landlord, shall be paid by Tenant to Landlord on demand as an Additional Charge.. 17.3

Appears in 1 contract

Samples: Master Lease (Gaming & Leisure Properties, Inc.)

Landlord’s Right to Cure Tenant’s Default. If Tenant shall fail an Event of Default occurs under this Lease and is not cured within the time provided under this Lease with respect to make any payment or to perform any act required to be made or performed hereunder when due or within any cure period provided for hereinsuch Event of Default, Landlord, without waiving or releasing any obligation or defaultof Tenant, mayand without waiving any such Event of Default, may (but shall be under no obligation to, upon prior written notice to Tenant specifying the default to be cured and that it is curing ) at any time thereafter cure such default under this Section 17.2 make such payment or perform such act for the account and at the expense of Tenant, and may, to the extent permitted by law, enter upon the Leased Property for such purpose and take all such action thereon as, in Landlord’s opinion's sole judgment, may be necessary or appropriate thereforwith respect thereto. No such 51 58 entry by Landlord on the Property shall be deemed an eviction of Tenant. All sums so paid by Xxxxxxxx Landlord and all reasonable costs and expensesexpenses (including, including without limitation, reasonable attorneys' fees and expenses, ) so incurred, together with interest a late charge thereon computed at the Overdue Rate from the date on which such sums or expenses are paid or incurred by LandlordLandlord until the date reimbursed, shall be paid reimbursed by Tenant to Landlord on demand as an Additional Chargedemand. The obligations of Tenant and rights of Landlord contained in this Article shall survive the expiration or earlier termination of this Lease.

Appears in 1 contract

Samples: Lease (Unison Healthcare Corp)

AutoNDA by SimpleDocs

Landlord’s Right to Cure Tenant’s Default. If Tenant shall fail to make any payment or to perform any act required to be made or performed hereunder when due or within any cure period provided for herein, Landlord, without waiving or releasing any obligation or default, may, but shall be under no obligation to, upon prior written notice to Tenant specifying the default to be cured and that it is curing such default under this Section 17.2 17.2, make such payment or perform such act for the account and at the expense of Tenant, and may, to the extent permitted by law, enter upon the Leased Property for such purpose and take all such action thereon as, in Landlord’s opinion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of Tenant. All sums so paid by Xxxxxxxx Landlord and all costs and expenses, including reasonable attorneys’ fees and expenses, so incurred, together with interest thereon at the Overdue Rate from the date on which such sums or expenses are paid or incurred by Landlord, shall be paid by Tenant to Landlord on demand as an Additional Charge.

Appears in 1 contract

Samples: Equity Purchase Agreement (Wynn Resorts LTD)

Landlord’s Right to Cure Tenant’s Default. If Tenant shall fail an Event of Default occurs under this Lease and is not cured within the time provided under this Lease with respect to make any payment or to perform any act required to be made or performed hereunder when due or within any cure period provided for hereinsuch Event of Default, Landlord, without waiving or releasing any obligation or defaultof Tenant, mayand without waiving any such Event of Default, may (but shall be under no obligation to, upon prior written notice to Tenant specifying the default to be cured and that it is curing ) at any time thereafter cure such default under this Section 17.2 make such payment or perform such act for the account and at the expense of Tenant, and may, to the extent permitted by law, enter upon the Leased Property for such purpose and take all such action thereon as, in Landlord’s opinion's sole judgment, may be necessary or appropriate thereforwith respect thereto. No such entry by Landlord on the Property shall be deemed an eviction of Tenant. All sums so paid by Xxxxxxxx Landlord and all reasonable costs and expensesexpenses (including, including without limitation, reasonable attorneys' fees and expenses, ) so incurred, together with interest a late charge thereon computed at the Overdue Rate from the date on which such sums or expenses are paid or incurred by LandlordLandlord until the date reimbursed, shall be paid reimbursed by Tenant to Landlord on demand as an Additional Chargedemand. The obligations of Tenant and rights of Landlord contained in this Article shall survive the expiration or earlier termination of this Lease.

Appears in 1 contract

Samples: Douglas Manor Lease (Unison Healthcare Corp)

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