Common use of Tenant’s Lease Default Clause in Contracts

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the Lease or this Tenant Work Letter, if any Default by Tenant under the Lease or this Tenant Work Letter occurs at any time on or before the substantial completion of the Tenant Improvements, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, Landlord shall have the right to withhold payment of all or any portion of the Tenant Improvement Allowance and/or Landlord may, without any liability whatsoever, cause the cessation of construction of the Tenant Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements and any costs occasioned thereby), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Lease.

Appears in 2 contracts

Samples: Sublease Agreement (Oportun Financial Corp), Sublease Agreement (Oportun Financial Corp)

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Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the Lease or this Tenant Work LetterLease, if any Default an event of default by Tenant under the Lease or of this Tenant Work Letter occurs or as described in Section 19.1 Lease has occurred at any time on or before the substantial completion of the Tenant ImprovementsImprovements and remains after the expiration of applicable notice and cure periods, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, at law and/or in equity, Landlord shall have the right to withhold payment of all or any portion of the Tenant Improvement Allowance Allowances and/or Landlord may, without any liability whatsoever, may cause Contractor to cease the cessation of construction of the Tenant Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements and any costs occasioned therebyPremises caused by such work stoppage), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the LeaseLease (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements caused by such inaction by Landlord).

Appears in 2 contracts

Samples: Sublease (CARGO Therapeutics, Inc.), Sublease (CARGO Therapeutics, Inc.)

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the Lease or this Tenant Work LetterLease, if any Default by Tenant under an event of default as described in the Lease or this Tenant Work Letter occurs has occurred at any time on or before the substantial completion Substantial Completion of the Tenant ImprovementsPremises, which default is not cured after Tenant’s receipt of written notice and the expiration of any applicable cure period, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the this Lease, Landlord shall have the right to withhold payment of all or any portion of the Tenant Improvement Allowance and/or Landlord may, without any liability whatsoever, may cause Contractor to cease the cessation of construction of the Tenant Improvements Premises (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements and any costs occasioned therebyPremises caused by such work stoppage), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of this Lease (in which case, Tenant shall be responsible for any delay in the Leasesubstantial completion of the Premises caused by such inaction by Landlord).

Appears in 2 contracts

Samples: Office Lease (Yelp Inc), Office Lease (Yelp Inc)

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the Lease or this Tenant Work Letter, if any Default default by Tenant under the Lease or this Tenant Work Letter (including, without limitation, any failure by Tenant to fund any portion of the Over-Allowance Amount) occurs at any time on or before the substantial completion of the Tenant Improvements, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, Landlord shall have the right to withhold payment of all or any portion of the Tenant Improvement Allowance and/or Landlord may, without any liability whatsoever, cause the cessation of construction of the Tenant Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements and any costs occasioned thereby), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Lease.

Appears in 1 contract

Samples: Office Lease (Roka BioScience, Inc.)

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the Lease or this Tenant Work LetterLease, if any Default an event of default by Tenant under the Lease or of this Tenant Work Letter occurs or the Lease (as modified by the Fourth Amendment) has occurred at any time on or before the substantial completion of the Tenant ImprovementsSuite 1100 Expansion Space, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, Landlord shall have the right to withhold payment of all or any portion of the Suite 1100 Tenant Improvement Allowance and/or Landlord may, without any liability whatsoever, may cause Contractor to cease the cessation of construction of the Tenant Improvements Suite 1100 Expansion Space (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements and any costs occasioned therebySuite 1100 Expansion Space caused by such work stoppage), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the LeaseLease (in which case, Tenant shall be responsible for any delay in the substantial completion of the Suite 1100 Expansion Space caused by such inaction by Landlord).

Appears in 1 contract

Samples: Rocket Companies, Inc.

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Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the Lease or this Tenant Work Letter, if any Default default by Tenant under the Lease or this Tenant Work Letter (including, without limitation, any failure by Tenant to fund any portion of the Over-Allowance Amount) occurs at any time on or before the substantial completion Substantial Completion of the Tenant Improvements, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, Landlord shall have the right to withhold payment of all or any portion of the Tenant Improvement Allowance and/or Landlord may, without any liability whatsoever, cause the cessation of construction of the Tenant Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion Substantial Completion of the Tenant Improvements and any costs occasioned thereby), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the this Lease.

Appears in 1 contract

Samples: Office Lease (Volcano Corp)

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the Lease or this Tenant Work Letter, if any Default by Tenant under the Lease or this Tenant Work Letter occurs at any time on or before the substantial completion of the Tenant Improvements, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, Landlord shall have the right to withhold payment of all or any portion of the Tenant Improvement Allowance and/or Landlord may, without any liability whatsoever, cause the cessation of construction of the Tenant Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements and any costs occasioned thereby), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Lease.. EXHIBIT B-9- TWO CIRCLE STAR WAY(Single-Tenant Lease Form)[Rovi Corporation]

Appears in 1 contract

Samples: Rovi Corp

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the Lease or this Tenant Work LetterLease, if any Default an event of default as described in Section 18.1 of this Lease, or a default by Tenant under the Lease or this Tenant Work Letter occurs Construction Rider, has occurred at any time on or before the substantial completion Substantial Completion of the Tenant ImprovementsPremises, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, Landlord shall have the right to withhold payment of all or any portion of the Tenant Improvement Allowance and/or Landlord may, without any liability whatsoever, may cause Contractor to cease the cessation of construction of the Tenant Improvements Premises (in which case, Tenant shall be responsible for any delay in the substantial completion Substantial Completion of the Tenant Improvements and any costs occasioned therebyPremises caused by such work stoppage as set forth in Section 5.3 of this Construction Rider), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter Construction Rider shall be forgiven until such time as such default is cured pursuant to the terms of the Lease.

Appears in 1 contract

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

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