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

Right of Landlord to Cure Tenant's Default. 27.01. If Tenant defaults in the making of any payment or in the doing of any act required to be made or done under this Lease by Tenant, then Landlord may, but shall not be required to, make such payment or do such act, and, unless a different rate is specified herein, the expense thereof, if made or done by Landlord, with interest thereon at the rate of fifteen percent (15%) from the date paid by Landlord shall be paid by Tenant to Landlord and shall constitute additional rent; but the making of such payment or the doing of such act by Landlord shall not operate to cure the default or to estop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled.

Appears in 2 contracts

Samples: Office Lease Agreement (Global Defense Technology & Systems, Inc.), Office Lease Agreement (Global Defense Technology & Systems, Inc.)

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Right of Landlord to Cure Tenant's Default. 27.01. If Tenant defaults in the ------------------------------------------ making of any payment or in the doing of any act required by this Lease to be made or done under this Lease by Tenant, then Landlord may, but shall not be required to, make such payment or do such act, and, unless a different rate is specified herein, and the expense thereof, if made or done by Landlord, with interest thereon at the rate of fifteen eighteen percent (1518%) per annum from the date paid by Landlord Landlord, shall be paid by Tenant to Landlord and shall constitute additional rent due and payable with the next monthly installment of base rent; but the . The making of such payment or the doing of such act by Landlord shall not operate to cure the default or to estop prevent Landlord from the pursuit of any remedy to which Landlord it would be otherwise be entitled.

Appears in 2 contracts

Samples: Lease (Serefex Corp), Lease (Serefex Corp)

Right of Landlord to Cure Tenant's Default. 27.01. If Tenant defaults in the making of any payment or in the doing of any act required by this Lease to be made or done under this Lease by Tenant, then Landlord may, but shall not be required to, make such payment or do such act, and, unless a different rate is specified herein, and the expense thereof, if made or done by Landlord, with interest thereon at the rate of fifteen eighteen percent (1518%) per annum from the date paid by Landlord Landlord, shall be paid by Tenant to Landlord and shall constitute additional rent due and payable with the next monthly installment of base rent; but the . The making of such payment or the doing of such act by Landlord shall not operate to cure the default or to estop prevent Landlord from the pursuit of any remedy to which Landlord it would otherwise be entitled.

Appears in 1 contract

Samples: Lease (Smartdisk Corp)

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Right of Landlord to Cure Tenant's Default. 27.01. If Tenant defaults in the making of any payment or in In the doing of any act ad required by this Lease to be made or done under this Lease by Tenant, then Landlord may, but shall not be required to, make such sum payment or do such act, and, unless a different rate is specified herein, and the expense thereof, if If made or done by Landlord, with interest thereon at the rate of fifteen eighteen percent (1518%) per annum from the date paid by Landlord landlord, shall be paid by Tenant to Landlord and shall constitute additional rent due and payable with the next monthly Installment of base rent; but the . The making of such payment or the doing of such act by Landlord shall not operate to cure the default or to estop prevent Landlord from the pursuit of any remedy to which Landlord it would otherwise be entitled.

Appears in 1 contract

Samples: Lease (Smartdisk Corp)

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