Common use of Landlord’s Cure Clause in Contracts

Landlord’s Cure. If Tenant fails to commence any of the Tenant's obligations listed in Section 13.1 within ten (10) days after receipt of Landlord's written demand to perform such obligations, or fails to adequately complete the performance of such obligations within a reasonable time after commencement, then Landlord may, but is not obligated to, perform such obligations without liability to Tenant for any loss to Tenant's property or business that might arise by reason thereof. Tenant shall reimburse Landlord on demand in an amount equal to the cost incurred by Landlord in the performance of such obligations plus an administrative fee equal to ten percent (10%) of the cost incurred by Landlord.

Appears in 2 contracts

Samples: Office Space Lease Agreement (Allegiant Travel CO), Lease Agreement (Allegiant Travel CO)

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Landlord’s Cure. If Tenant fails to commence any of the Tenant's ’s obligations listed in Section 13.1 12.1 hereof within ten (10) days after receipt of Landlord's ’s written demand to perform such obligations, or fails to adequately complete the performance of such obligations within a reasonable time after commencement, then Landlord may, but is not obligated to, perform such obligations without liability to Tenant for any loss to Tenant's property ’s stock or business that might arise by reason thereof. Tenant shall reimburse Landlord on demand in an amount equal to the actual cost reasonably incurred by Landlord in the performance of such obligations plus an administrative fee equal to ten percent (10%) of the cost incurred by Landlordobligations.

Appears in 1 contract

Samples: Office Space Lease (Mellanox Technologies, Ltd.)

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Landlord’s Cure. If Tenant fails to commence any of the Tenant's ’s obligations listed in Section 13.1 12.1 hereof within ten (10) days after receipt of Landlord's ’s written demand to perform such obligations, or fails to adequately complete the performance of such obligations within a reasonable time after commencement, then Landlord may, but is not obligated to, perform such obligations without liability to Tenant for any loss to Tenant's property ’s stock or business that might arise by reason thereof. Tenant shall reimburse Landlord on demand in an amount equal to the cost incurred by Landlord in the performance of such obligations plus an administrative fee equal to ten percent (10%) of the cost incurred by Landlordobligations.

Appears in 1 contract

Samples: Office Space Lease (Mellanox Technologies, Ltd.)

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