Common use of TERMINATION OF LEASE AND DEFAULTS OF TENANT Clause in Contracts

TERMINATION OF LEASE AND DEFAULTS OF TENANT. (a) TERMINATION UPON EXPIRATION OR UPON NOTICE OF DEFAULTS. This lease shall terminate upon expiration of the demised term; or if this lease expressly and in writing provides for any option or options, and if any such option is exercised by the Tenant, then this lease will terminate at the expiration of the option term or terms. Upon default in payment of rental herein or upon any other default by Tenant in accordance with the terms and provisions of this lease, this lease may at the option of the Landlord be cancelled and forfeited, PROVIDED, HOWEVER, before any such cancellation and forfeiture except as provided in 15(b) below, Landlord shall give Tenant a written notice specifying the default, or defaults, and stating that this lease will be cancelled and forfeited thirty (30) days after the giving of such notice, unless such default, or defaults, are remedied within such grace period. (See paragraph 22, below.) As an additional optional procedure or as an alternative to the foregoing (and neither exclusive of the other) Landlord may proceed as in paragraph 21, below, provided.

Appears in 1 contract

Samples: Lease (McLeod Inc)

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TERMINATION OF LEASE AND DEFAULTS OF TENANT. (a) TERMINATION UPON EXPIRATION OR UPON NOTICE OF DEFAULTS. This lease Lease shall terminate upon expiration of the demised term; or if this lease Lease expressly and in writing provides for any option or options, and if any such option is exercised by the TenantTENANT, then this lease Lease will terminate at the expiration of the option term or terms. Upon default in payment of rental herein or upon any other default by Tenant TENANT in accordance with the terms and provisions of this leaseLease, this lease Lease may at the option of the Landlord LANDLORD be cancelled and forfeited, PROVIDED, HOWEVER, before any such cancellation and forfeiture except as provided in 15(b15 (b) below, Landlord LANDLORD shall give Tenant TENANT a written notice specifying the default, or defaults, and stating that this lease Lease will be cancelled canceled and forfeited thirty ten (3010) days after the giving of such notice, unless such default, or defaults, are remedied within such grace period. (See paragraph 22Paragraph 16, below.) As an additional optional procedure or as an alternative to the foregoing (and neither exclusive of the other) Landlord ), LANDLORD may proceed as in paragraph 21Paragraph 16, below, provided.

Appears in 1 contract

Samples: Lease Agreement (Cardio Diagnostics Holdings, Inc.)

TERMINATION OF LEASE AND DEFAULTS OF TENANT. (a) TERMINATION UPON EXPIRATION OR UPON NOTICE OF DEFAULTS. This lease shall terminate upon expiration of the demised term; , or if this lease expressly and in writing provides for any option or options, and if any such option is exercised by the Tenant, then this lease will terminate at the expiration of the option term or terms. Upon default in payment of rental herein or upon any other default by Tenant in accordance with the terms and provisions of this lease, this lease may at the option of the Landlord be cancelled and forfeited, . PROVIDED, HOWEVER, before any such cancellation and forfeiture except as provided in 15(b) below, Landlord shall give Tenant a written notice specifying the default, or defaults, defaults and stating that this lease will be cancelled and forfeited thirty ten (3010) ten days after the giving of such notice, unless such defaultdefault , or defaults, defaults are remedied within such grace period. (See paragraph 22, below.) As an additional optional procedure or as an alternative to the foregoing (and neither exclusive of the other) Landlord may proceed as in paragraph 21, 21 below, provided.

Appears in 1 contract

Samples: Lease (Cycle Country Accessories Corp)

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TERMINATION OF LEASE AND DEFAULTS OF TENANT. (a) TERMINATION UPON EXPIRATION OR UPON NOTICE OF DEFAULTS. This lease shall terminate upon expiration of the demised term; , or if this lease expressly and in writing provides for any option or options, and if any such option is exercised by the Tenant, then this lease will terminate at the expiration of the option term or terms. Upon default in payment of rental herein or upon any other default by Tenant in accordance with the terms and provisions of this lease, this lease may at the option of the Landlord be cancelled and forfeited, . PROVIDED, HOWEVER, before any such cancellation and forfeiture except as provided in 15(b) below, Landlord shall give Tenant a written notice specifying the default, or defaults, defaults and stating that this lease will be cancelled and forfeited thirty ten (3010) days after the giving of such notice, unless such defaultdefault , or defaults, defaults are remedied within such grace period. (See paragraph 22, below.) As an additional optional procedure or as an alternative to the foregoing (and neither exclusive of the other) Landlord may proceed as in paragraph 21, 21 below, provided.

Appears in 1 contract

Samples: Lease (Cycle Country Accessories Corp)

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