Common use of Payment Defaults Clause in Contracts

Payment Defaults. Tenant shall fail to pay any installment of Rent or any other payment hereunder when due; provided, however, that Tenant’s first failure to pay any installment of Rent or any other payment hereunder otherwise due in any 12 calendar month period shall not constitute a Default unless such payment is not made within 5 days after written notice from Landlord to Tenant and Tenant agrees that such notice shall be in lieu of and not in addition to, or shall be deemed to be, any notice required by law.

Payment Defaults. Tenant shall fail to pay any installment of Rent or any other payment hereunder when due; providedprovided that, however, that for the first two instances within a 12-month period of Tenant’s first failure to pay any installment of Rent or any other payment amounts due hereunder otherwise due when due, Tenant shall be in any 12 calendar month period shall not constitute a Default unless only if such payment is not made within failure continues for 5 days after written following notice from Landlord to Tenant and Tenant agrees that such notice amount(s) are past due. All notices under this clause (a) shall be in lieu of of, and not in addition to, or shall be deemed to be, any notice required by law.

Payment Defaults. Tenant shall fail to pay any installment of Rent or any other payment hereunder when due; providedprovided that, however, that for the first instance within a 12-month period of Tenant’s first failure to pay any installment of Rent or any other payment amounts due hereunder otherwise due when due, Tenant shall be in any 12 calendar month period shall not constitute a Default unless only if such payment is not made within failure continues for 5 days after written following notice from Landlord to Tenant and Tenant agrees that such notice amount(s) are past due. All notices under this clause (a) shall be in lieu of and not in addition to, or shall be deemed to be, any notice required by law.