Common use of 00 DEFAULT Clause in Contracts

00 DEFAULT. 15.01 If the Tenant fails to pay the amount due and owing within 15 (fifteen) days after it is due and owing, or if the Tenant fails to observe, keep or perform any other provision of this Lease, the Landlord may give to the Tenant a notice in writing requiring the Tenant to remedy the default within the period of fifteen (15) days from the notice, and if the Tenant fails to remedy the default within the period of fifteen (15) days, the Landlord shall have the right to exercise any one or more of the following remedies: (a) to declare the entire amount immediately due and payable without notice or demand to the Tenant (b) to sue for and recover all payments, then accrued or thereafter accruing (c) to take possession of the Leased Land, or any portion thereof, in the name of the Landlord and enjoy same without demand or notice, as if this Lease Agreement had not been executed (d) re-enter the Leased Land without terminating this Lease and the Tenant shall be liable for any actual loss of Crop which the Landlord may incur during the unexpired portion of the Term, provided that the Landlord shall take all reasonable steps to re-lease the Leased Land and to mitigate the Landlord’s losses and damages.

00 DEFAULT. 15.01 If the Tenant fails to pay the amount due and owing within 15 (fifteen) days after it is due and owing, or if the Tenant fails to observe, keep or perform any other provision of this Lease, the Landlord may give to the Tenant a notice in writing requiring the Tenant to remedy the default within the period of fifteen (15) days from the notice, and if the Tenant fails to remedy the default within the period of fifteen (15) days, the Landlord shall have the right to exercise any one or more of the following remedies: (a) to declare the entire amount immediately due and payable without notice or demand to the Tenant (b) to sue xxx for and recover all payments, then accrued or thereafter accruing (c) to take possession of the Leased Land, or any portion thereof, in the name of the Landlord and enjoy same without demand or notice, as if this Lease Agreement had not been executed (d) re-enter the Leased Land without terminating this Lease and the Tenant shall be liable for any actual loss of Crop which the Landlord may incur during the unexpired portion of the Term, provided that the Landlord shall take all reasonable steps to re-lease the Leased Land and to mitigate the Landlord’s losses and damages.