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

Landlord’s Right to Cure. Landlord may, but shall not be obligated to, cure any default by Tenant (specifically including but not by way of limitation, Tenant’s failure to obtain insurance, make repairs, or satisfy lien claims); and whenever Landlord so elects, all costs and expenses paid by Landlord in curing such default, including without limitation reasonable attorney’s fees, shall be so much additional rent due on the next rent date after such payment together with interest (except in the case of said attorneys’ fees) at the highest rate then payable by Tenant in the state in which the Leased Premises are located or in the absence of such a maximum rate at the rate of twelve percent (12%) per annum, from the date of the advance to the date of repayment by Tenant to Landlord.

Appears in 7 contracts

Samples: Combination Agreement (Fenix Parts, Inc.), Agreement (Fenix Parts, Inc.), Combination Agreement (Fenix Parts, Inc.)

AutoNDA by SimpleDocs

Landlord’s Right to Cure. Landlord may, but shall not be obligated to, cure any default by Tenant (specifically including including, but not by way of limitation, Tenant’s failure to obtain insurance, make repairs, or satisfy lien claims); and whenever Landlord so elects, all costs and expenses paid by Landlord in curing such default, including without limitation reasonable attorney’s attorneys’ fees, shall be so much additional rent Additional Rent due on the next rent date after such payment payment, together with interest (except in the case of said attorneys’ fees) at the highest legal rate then payable by Tenant in the state in which the Leased Premises are located or in the absence of such a maximum rate at the rate of twelve eighteen percent (1218%) per annum, from the date of the advance to the date of repayment by Tenant to Landlord.

Appears in 3 contracts

Samples: Industrial Space Lease (XBiotech Inc.), Industrial Space Lease (XBiotech Inc.), Industrial Space Lease (Dj Orthopedics Inc)

Landlord’s Right to Cure. Landlord may, but shall not be obligated to, cure any default by Tenant (specifically including including, but not by way of limitation, Tenant’s failure to obtain insuranceInsurance, make repairs, or satisfy lien claims); and whenever Landlord so elects, all costs and expenses paid by Landlord in curing such default, including without limitation reasonable attorney’s attorneys’ fees, shall be so much additional rent Additional Rent due on the next rent date after such payment payment, together with interest (except in the case of said attorneys’ fees) at the highest legal rate then payable by Tenant in the state in which the Leased Premises are located or in the absence of such a maximum rate at the rate of twelve eighteen percent (1218%) per annum, from the date of the advance to the date of repayment by Tenant to Landlord.

Appears in 2 contracts

Samples: Industrial Space Lease (XBiotech Inc.), Industrial Space Lease (XBiotech Inc.)

Landlord’s Right to Cure. Landlord may, but shall not be obligated to, cure any default by Tenant (specifically including but not not, by way of limitation, limitations. Tenant’s 's failure to obtain insurance, make repairs, or satisfy lien claims); , and whenever Landlord so elects, all costs and expenses paid by Landlord in curing such default, including without limitation reasonable attorney’s attorneys' fees, shall be so much additional rent due on the next rent date after such payment together with interest (except in the case of said attorneys' fees) at the highest rate then payable by Tenant in the state in which the Leased Premises are located or in the absence of such a maximum rate at the rate of twelve percent (12%) per annum, from the date of the advance to the date of repayment by Tenant to Landlord.

Appears in 1 contract

Samples: Mfri Inc

Landlord’s Right to Cure. Landlord may, but shall not be obligated to, cure any default by Tenant (specifically including including, but not by way of limitation, Tenant’s 's failure to obtain insurance, make repairs, or satisfy lien claims); and whenever Landlord so elects, all costs and expenses paid by Landlord in curing such default, including without limitation reasonable attorney’s attorneys' fees, shall be so much additional rent Additional Rent due on the next rent date after such payment payment, together with interest (except in the case of said attorneys' fees) at the highest rate then payable by Tenant in the state in which the Leased Premises are located or in the absence of such a maximum rate at the rate of twelve eighteen percent (1218%) per annum, from the date of the advance to the date of repayment by Tenant to Landlord.

Appears in 1 contract

Samples: Commercial Lease (Carpenter W R North America Inc)

AutoNDA by SimpleDocs

Landlord’s Right to Cure. Landlord may, but shall not be obligated to, cure any default by Tenant (specifically including including, but not by way of limitation, Tenant’s failure to obtain insurance, make repairs, or satisfy lien claims); and whenever Landlord so elects, all costs and expenses paid by Landlord in curing such default, including without limitation limitation, reasonable attorney’s attorneys’ fees, shall be so much additional rent due on the next rent date after such payment together with interest (except in the case of said the attorneys’ fees) at the highest rate then payable by Tenant in the state in which the Leased Premises are located or or, in the absence of such a maximum rate rate, at Interest Rate in effect on the rate date of twelve percent (12%) per annumsuch advance, from the date of the advance to the date of repayment by Tenant to Landlord.

Appears in 1 contract

Samples: Industrial Space Lease (Gateway Trade Center Inc.)

Landlord’s Right to Cure. Landlord may, but shall not be obligated to, cure any default by Tenant (specifically including including, but not by way of limitation, Tenant’s 's failure to obtain insurance, make repairs, or satisfy lien claims); and whenever Landlord so elects, all reasonable costs and expenses paid by Landlord in curing such default, including without limitation reasonable attorney’s attorneys' fees, shall be so much additional rent Additional Rent due on the next rent date after such payment payment, together with interest (except in the case of said attorneys' fees) at the highest legal rate then payable by Tenant in the state in which the Leased Premises are located or in the absence of such a maximum rate at the rate of twelve eighteen percent (1218%) per annum, from the date of the advance to the date of repayment by Tenant to Landlord.

Appears in 1 contract

Samples: Office Space Lease (Medical Staffing Network Holdings Inc)

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