NON-PAYMENT OF RENT, DEFAULTS Clause Samples
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NON-PAYMENT OF RENT, DEFAULTS. If any one or more of the following occurs: (1) a rent payment or any other payment due from Tenant to Landlord shall be and remain unpaid in whole or in part for more than ten (10) days after same is due and payable; (2) Tenant shall violate or default on any of the other covenants, agreements, stipulations or conditions herein, or in any parking agreement(s) or other agreements between Landlord and Tenant relating to the Premises, and such violation or default shall continue for a period of thirty (30) days after written notice from Landlord of such violation or default or within such reasonable period of time thereafter as may be necessary to cure such default where such default is of such a character as to reasonably require more than thirty (30) days to cure, but no more than ninety (90) days total; (3) if Tenant shall commence or have commenced against Tenant proceedings under a bankruptcy, receivership, insolvency or similar type of action and not discharge or dismiss the same within ninety (90) days thereafter; then it shall be optional for Landlord, without further notice or demand, to cure such default or to declare this Lease Agreement forfeited and the said Term ended, or to terminate only Tenant’s right to possession of the Premises, and to re-enter the Premises, with or without process of law, using such force as may be necessary to remove all persons or chattels therefrom, and Landlord shall not be liable for damages by reason of such re-entry or forfeiture; but notwithstanding re-entry by Landlord or termination only of Tenant’s right to possession of the Premises, the liability of Tenant for the rent and all other sums provided herein shall not be relinquished or extinguished for the balance of the Term of this Lease Agreement and Landlord shall be entitled to periodically ▇▇▇ Tenant for all sums due under this Lease Agreement or which become due prior to judgment, but such suit shall not bar subsequent suits for any further sums coming due thereafter. Tenant shall be responsible for, in addition to the rentals and other sums agreed to be paid hereunder, the cost of any necessary maintenance, repair, restoration, reletting (including related cost of removal or modification of tenant improvements) or cure as well as reasonable attorney’s fees incurred or awarded in any suit or action instituted by Landlord to enforce the provisions of this Lease Agreement, regain possession of the Premises, or the collection of the rentals due Landlord here...
NON-PAYMENT OF RENT, DEFAULTS. A. If any one or more of the following occurs:
1. A rent payment or any other payment due from Tenant to Landlord shall be and remain unpaid in whole or in part for more than five (5) days after written notice that the same is due and payable;
2. Landlord provides Tenant written notice specifying the nature of a violation or default of any of the other covenants, agreements, stipulations or conditions herein, and Tenant does not cure such default within thirty (30) days after receipt of such notice or within such reasonable time thereafter as may be necessary to cure such default where such default is of such a character as to reasonably require more than thirty (30) days to cure, not to exceed sixty (60) days after receipt of such notice; or
3. If Tenant shall commence or have commenced against Tenant proceedings under a bankruptcy, receivership, insolvency or similar type of action, then it shall be optional for Landlord, without further notice or demand, to cure such default or to declare this Lease Agreement forfeited and the said Term ended, or to terminate only Tenant’s right to possession of the Premises, and to re-enter the Premises, all in accordance with Minnesota law. Notwithstanding re-entry by Landlord or termination only of Tenant’s right to possession of the Premises, the liability of Tenant for the rent and all other sums provided herein shall not be relinquished or extinguished for the balance of the Term of this Lease Agreement. Tenant shall be responsible for, in addition to the rentals and other sums agreed to be paid hereunder, the cost of any necessary maintenance, repair, restoration, reletting (including related cost of removal or modification of tenant improvements) or cure as well as reasonable attorney’s fees incurred or awarded in any suit or action instituted by Landlord to enforce the provisions of this Lease Agreement, regain possession of the Premises, or the collection of the rentals due Landlord hereunder. Tenant may take reasonable steps to mitigate damages hereunder and Landlord will not unreasonably oppose Tenant’s efforts to mitigate its damages. Tenant agrees to pay interest at the highest permissible rate of interest allowed under the usury statutes of the State of Minnesota, or in case no such maximum rate of interest is provided, at the rate of 12% per annum, on all rentals and other sums due Landlord hereunder not paid within ten (l0) days from the date same become due and payable.
B. Tenant shall be liable to Lan...
NON-PAYMENT OF RENT, DEFAULTS. The occurrence of any one or more of the following matters constitutes a default (“Default”) by Tenant under this Lease:
(i) Any failure by Tenant to pay any Rent, including without limitation, base rent, and additional costs within five (5) days of when due under this Lease, or any part thereof.
(ii) Any violation or default by Tenant of any of the other covenants, agreements, stipulations or conditions herein, or in any other agreements between Landlord and Tenant relating to the Premises, and such violation or default shall continue for a period of thirty (30) days after written notice from Landlord of such violation or default.
(iii) Any commencement by, or against Tenant of any proceedings under a bankruptcy, receivership, insolvency or similar type of action.
(iv) Any commencement by, or against Tenant of any proceedings under a bankruptcy, receivership, insolvency or similar type of action provided that Tenant shall have sixty (60) days to cause the dismissal of any such involuntary proceeding.
(v) Abandonment or vacation of any substantial portion of the Premises by Tenant for a period of more than thirty (30) days.
(vi) Any Default otherwise defined hereunder.
NON-PAYMENT OF RENT, DEFAULTS. Except as otherwise provided herein, the following events shall be deemed to be Events of Default under this Lease:
a. Tenant shall fail to pay when due any sum of money becoming due to be paid to Landlord under this Lease, whether such sum be Rent, any other amount treated as Additional Rent under this Lease, or any other payment or reimbursement to Landlord required by the Lease, whether or not treated as Additional Rent under this Lease, and such failure shall continue for a period of five days after written notice that such payment was not made when due.
b. Tenant shall fail to comply with any term, provision or covenant of this Lease, not otherwise addressed in this Section 22, and shall not cure such failure within ten