Common use of CURING TENANT'S DEFAULTS Clause in Contracts

CURING TENANT'S DEFAULTS. If Tenant shall be in default in the performance of any of its obligations hereunder, Landlord, without any obligation to do so, in addition to any other rights it may have in law or equity, may elect to cure such default on behalf of Tenant after written notice (except in the case of emergency) to Tenant. Tenant shall reimburse Landlord upon demand for any sums paid or costs incurred by Landlord in curing such default, including interest thereon from the respective dates of Landlord's making the payments and incurring such costs, which sums and costs together with interest thereon shall be deemed additional rent payable promptly upon being billed therefor.

Appears in 4 contracts

Samples: Agreement of Lease (McNaughton Apparel Group Inc), Office Building Lease (Standard Management Corp), Lease Agreement (Holts Cigar Holdings Inc)

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CURING TENANT'S DEFAULTS. If Tenant shall be in default in the performance of any of its obligations hereunder, Landlord, without any obligation to do so, in addition to any other rights it may have in law or equity, may elect to cure such default on behalf of Tenant after written notice (except in In the case of emergency) to Tenant. Tenant shall reimburse Landlord upon demand for any sums paid or costs incurred by Landlord in curing such default, including interest thereon from the respective dates of Landlord's making the payments and incurring such costs, which sums stems and costs together with interest thereon shall be deemed additional rent payable promptly upon being billed therefor.,

Appears in 1 contract

Samples: Agreement of Lease (Iomega Corp)

CURING TENANT'S DEFAULTS. If Tenant shall be in default in the performance of any of its obligations hereunder, Landlord, without any obligation to do so, in addition to any other rights it may have in law or equity, may elect to cure such default on behalf of Tenant after written notice (except in the case of emergency) to Tenant. Tenant shall reimburse Landlord upon demand for any sums paid or costs incurred by Landlord in In curing such default, including Including interest thereon from the respective dates of Landlord's making the payments and incurring such costs, which sums and costs together with interest thereon shall be deemed additional rent payable promptly upon being billed therefor.

Appears in 1 contract

Samples: Agreement of Lease (Systems & Computer Technology Corp)

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CURING TENANT'S DEFAULTS. If Tenant shall be in default in ------------------------ the performance of any of its obligations hereunder, Landlord, without any obligation Landlord may (but shall not be obligated to do so), in addition to any other rights it may have in law or equityequity and after written notice to Tenant except in case of emergency, may elect to cure such default on behalf of Tenant after written notice (except in the case of emergency) to Tenant. , and Tenant shall reimburse Landlord upon demand for any sums paid or costs incurred by Landlord in curing such default, including interest thereon from at the respective dates rate of Landlord's making the payments and incurring such costseight percent (8%) per annum on all sums advanced by Landlord as aforesaid, which sums and costs together with interest thereon shall be deemed additional rent payable promptly upon being billed thereforhereunder.

Appears in 1 contract

Samples: Lease Agreement (Mohawk Industries Inc)

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