Common use of LANDLORD'S RIGHT TO PERFORM TENANT'S COVENANTS Clause in Contracts

LANDLORD'S RIGHT TO PERFORM TENANT'S COVENANTS. If Tenant fails to make any payment or perform any other act on its part to be made or performed under this Lease within thirty (30) days after Tenant’s receipt from Landlord of written notice of such failure, Landlord may, but shall not be obligated to and without waiving or releasing Tenant from any obligation of Tenant under this Lease, make such payment or perform such other act to the extent Landlord may deem desirable, and in connection therewith, pay expenses and employ counsel. All sums so paid by Landlord and all penalties, interest and costs in connection therewith shall be due and payable by Tenant upon receipt of written demand by Landlord, together with interest thereon at the Interest Rate from the date Tenant receives Landlord’s written demand to the date of payment by Tenant to Landlord, plus collection costs and attorneys’ fees. Landlord shall have the same rights and remedies for the nonpayment thereof as in the case of default in the payment of Rent.

Appears in 2 contracts

Samples: Lease (IGM Biosciences, Inc.), Lease (IGM Biosciences, Inc.)

AutoNDA by SimpleDocs

LANDLORD'S RIGHT TO PERFORM TENANT'S COVENANTS. If Tenant fails shall at any time fail to make any payment or perform any other act on its part to be made or performed under this Lease within thirty (30) days after Tenant’s receipt from Landlord of written notice of such failureand cure periods if applicable, Landlord may, but shall not be obligated to and without waiving or releasing Tenant from any obligation of Tenant under this Leaseto, make such the payment or perform such any other act to the extent Landlord may deem desirabledesirable and, and in connection therewith, pay expenses and employ counsel. Any payment or performance by Landlord shall not waive or release Tenant from any obligations of Tenant under this Lease. All sums so paid by Landlord Landlord, and all penalties, interest and costs in connection therewith therewith, shall be due and payable by Tenant upon receipt on the fifth (5th) business day after notice of written demand any payment by Landlord, together with interest thereon at the Interest Rate Rate, from the that date Tenant receives Landlord’s written demand to the date of payment thereof by Tenant to Landlord, plus collection costs and attorneys’ fees. Landlord shall have the same rights and remedies for the nonpayment thereof as in the case of default in the payment of Base Rent.

Appears in 1 contract

Samples: Stock Purchase Agreement (Simpson Manufacturing Co Inc /Ca/)

LANDLORD'S RIGHT TO PERFORM TENANT'S COVENANTS. If Tenant fails to make any payment or perform any other act on its part to be made or performed under this Lease within thirty Lease, Landlord after Initials: Landlord Tenant fifteen (3015) days after Tenant’s receipt from Landlord of days’ written notice of such failure, Landlord may, but shall not be obligated to to, and without waiving or releasing Tenant from any obligation of Tenant under this Lease, make such payment or perform such other act to the extent Landlord may deem desirable, and in connection therewith, pay expenses and employ counsel. All sums so paid by Landlord and all penalties, interest and costs in connection therewith shall be due and payable by Tenant upon receipt of written demand on the next day after any such payment by Landlord, together with interest thereon at the Interest Rate from the such date Tenant receives Landlord’s written demand to the date of payment by Tenant to Landlord, plus collection costs and attorneys’ fees. Landlord shall have the same rights and remedies for the nonpayment thereof as in the case of default in the payment of Rent.

Appears in 1 contract

Samples: Office Lease Agreement (Spatializer Audio Laboratories Inc)

AutoNDA by SimpleDocs

LANDLORD'S RIGHT TO PERFORM TENANT'S COVENANTS. If Tenant fails shall at any time fail to make any payment or perform any other act on its part to be made or performed under this Lease within thirty (30) days after Tenant’s receipt from Landlord of written notice of such failureand cure periods if applicable, Landlord may, but shall not be obligated to and without waiving or releasing Tenant from any obligation of Tenant under this Leaseto, make such the payment or perform such any other act to the extent Landlord may deem desirabledesirable and, and in connection therewith, pay expenses and employ counsel. Any payment or performance by Landlord shall not waive or release Tenant from any obligations of Tenant under this Lease. All sums so paid by Landlord Landlord, and all penalties, interest and costs in connection therewith therewith, shall be due and payable by Tenant upon receipt on the fifth business day after notice of written demand any payment by Landlord, together with interest thereon at the Interest Rate Rate, from the that date Tenant receives Landlord’s written demand to the date of payment thereof by Tenant to Landlord, plus collection costs and attorneys’ fees. Landlord shall have the same rights and remedies for the nonpayment thereof as in the case of default in the payment of Base Rent.

Appears in 1 contract

Samples: Consulting Agreement (Simpson Manufacturing Co Inc /Ca/)

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