RENT DEFAULTS. Lessee fails to pay Rent, including the payment of Impositions or other taxes or excises when due; or
RENT DEFAULTS. 56.01 Supplementing the provisions of Article 17 hereof, if Tenant shall fail to pay when due any installment of fixed annual rent or any payment of additional rent for a period of five (5) days after such installment or payment shall have become due, Tenant shall pay interest thereon at the lesser of (a) two percent (2%) per annum in excess of the Prime Rate or (b) the maximum rate of interest, if any, which Tenant may legally contract to pay, from the date when such installment or payment shall have become due to the date of the payment thereof, and such interest shall be deemed additional rent; provided, however, that up to two times within any 12 month period, Tenant shall be entitled to receive written notice of its failure to pay any such installment and for those two times shall not be liable for such interest if Tenant pays such installment to Landlord within ten (10) days of receiving such notice. This provision is in addition to all other rights or remedies available to Landlord for nonpayment of fixed annual rent or additional rent under this Lease and at law and in equity. If Tenant shall default in the payment of fixed annual rent or additional rent, more than two (2) times in any period of six (6) months, then, notwithstanding that such defaults shall have each been cured within the applicable grace period, if any, as provided in this Lease or Landlord has otherwise accepted cures of any such defaults, any further similar default shall be deemed to be deliberate and Landlord thereafter may serve a ten (10) days' notice of termination upon Tenant without affording to Tenant an opportunity to cure or accepting any cure by Tenant of such further default.
RENT DEFAULTS. It is mutually agreed that, in the event the Tenant shall default in the payment of rent when due (“Rent Default”), the Lessor may forward written notice of such Rent Default by U.S. Certified Mail, addressed to the Tenant (“Rent Default Notice”), and failure on the part of the Tenant to cure such Rent Default within ten (10) days after the date of Tenant’s receipt of a Rent Default Notice (“Rent Cure Period”), shall, at the option of the Lessor, terminate this Lease. In case the Tenant so continues the Rent Default beyond the Rent Cure Period and Lessor elects to terminate the Lease, the Tenant shall not be released of any liability for rent hereunder by reason of the Lessor’s repossession of the Premises or by the Lessor’s taking any other legal proceedings available to it upon such Rent Default, provided Lessor actively seeks to mitigate its damages. Nor shall a forfeiture of this Lease release the Tenant from continuing liability for the payment of rent as herein provided, provided Lessor actively seeks to mitigate Lessor’s damages
RENT DEFAULTS. If Lessee defaults in the payment of any installments of rents when due or fails to make timely payments of any other sums due to Lessor hereunder, Lessor shall have the right to terminate this Lease and/or to proceed under Paragraph 18 hereunder if such default or failure to pay has not been cured by Lessee after 10 days written notice of default or failure to pay hereunder. In the event Lessor shall elect to terminate the Lease, Lessee shall not be released from any liability for rent hereunder prior to the date of termination by reason of Lessor’s lawful repossession of the Leased Premises or by Lessor’s taking of any other legal proceedings available to them upon such default, nor shall such termination of this Lease release Lessee from continued liability for the payment of rents due and payable prior to the date of termination.
