Common use of Right of Landlord to Cure Tenant's Default Clause in Contracts

Right of Landlord to Cure Tenant's Default. If an Event of Default occurs, then Landlord may (but shall not be obligated to) make such payment or do such act to cure the Event of Default, and charge the expense, together with interest, at the interest rate set forth in Section 25.3, to Tenant. Payment for the cure shall be due and payable by the Tenant upon demand; however, the making of any payment or the taking of such action by Landlord shall not be deemed to cure the Event of Default or to stop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled.

Appears in 5 contracts

Samples: Office Lease (Pacific Mercantile Bancorp), Office Lease (Oxis International Inc), Office Lease (Team Communication Group Inc)

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Right of Landlord to Cure Tenant's Default. If an Event ------------------------------------------ of Default occursshall occur, then Landlord may (but shall not be obligated to) make such payment or do such act to cure the Event of Default, and charge the expenseamount to the expense thereof, together with interest, interest thereon at the interest rate set forth Interest Rate (as defined in Section 25.317.3 below), to Tenant. Payment for the cure Such payment shall be due and payable by the Tenant upon demand; however, the making of any such payment or the taking of such action by Landlord shall not be deemed to cure the Event of Default or to stop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled.

Appears in 1 contract

Samples: Exodus Communications Inc

Right of Landlord to Cure Tenant's Default. If an Event of Default occurs, then Landlord may (but shall not be obligated to) make such payment or do such act to cure the Event of Default, and charge the expense, together with interest, at the interest rate set forth in Section 25.3of fifteen percent (15%) per annum, to Tenant. Payment for the cure shall be due and payable by the Tenant upon demand; however, the making of any payment or the taking of such action by Landlord shall not be deemed to cure the Event of Default or to stop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled.

Appears in 1 contract

Samples: Single Tenant Lease (Aptera Motors Corp)

Right of Landlord to Cure Tenant's Default. If an Event of Default occurs, then Landlord may (but shall not be obligated to) make such payment or do such act to cure the Event of Default, and charge the expense, together with interest, at the interest rate set forth in Section 25.3, to Tenant. Payment for the cure shall be due and payable by the Tenant upon demandwithin ten (10) business days of Landlord’s demand therefor; however, the making of any payment or the taking of such action by Landlord shall not be deemed to cure the Event of Default or to stop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled.

Appears in 1 contract

Samples: Form Office Lease (Abraxis BioScience, Inc.)

Right of Landlord to Cure Tenant's Default. If an Event of Default occurs, then Landlord may (but shall not be obligated to) make such payment or do such act to cure the Event of Default, and charge the expense, together with interest, at the interest rate set forth in Section 25.3, to Tenant. Payment for the cure shall be due and payable by the Tenant upon demand; however, the making of any payment or the taking of such action by Landlord shall not be deemed to cure the Event of Default or to stop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled.

Appears in 1 contract

Samples: Office Lease (Ampio Pharmaceuticals, Inc.)

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Right of Landlord to Cure Tenant's Default. If an Event of Default occurs, then Landlord may (but shall not be obligated to) make such payment or do such act to cure the Event of Default, and charge the expense, together with interest, at the interest rate set forth in Section 25.325.8, to Tenant. Payment for the cure shall be due and payable by the Tenant upon demand; however, the making of any payment or the taking of such action by Landlord shall not be deemed to cure the Event of Default or to stop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled.

Appears in 1 contract

Samples: Office Lease (Casino Players, Inc.)

Right of Landlord to Cure Tenant's Default. If an Event of Default occurs, then Landlord may (but shall not be obligated to) make such payment or do such act to cure the Event of Default, and charge the expense, together with interest, at the interest rate set forth in Section 25.3of ten percent (10%) per annum, to Tenant. Payment for the cure shall be due and payable by the Tenant upon demand; however, the making of any payment or the taking of such action by Landlord shall not be deemed to cure the Event of Default or to stop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled.

Appears in 1 contract

Samples: School Lease

Right of Landlord to Cure Tenant's Default. If an Event of Default occursshall occur, then Landlord may (but shall not be obligated to) make such payment or do such act to cure the Event of Default, and charge the expenseamount to the expense thereof, together with interest, interest thereon at the interest rate set forth Interest Rate (as defined in Section 25.317.3 below), to Tenant. Payment for the cure Such payment shall be due and payable by the Tenant upon demand; however, the making of any such payment or the taking of such action by Landlord shall not be deemed to cure the Event of Default or to stop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled.

Appears in 1 contract

Samples: Lease (Exodus Communications Inc)

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