Common use of Acceleration of Rent Clause in Contracts

Acceleration of Rent. If any of the events referred to in paragraph 15.1 or paragraph 15.2 occur then, in addition to all other rights available to the Landlord, including the rights referred to in this paragraph 15.7, the full amount of the current month's Basic Rent and Taxes, and all other payments required to be made monthly by the Tenant, and the next ensuing 3 months' Basic Rent and Additional Rent will immediately become due and payable as accelerated rent, and the Landlord may recover the accelerated rent in the same manner as Rent in arrears, including immediately distraining for it together with all other arrears then unpaid.

Appears in 2 contracts

Samples: Lease (Sea 2 Sky Corp), Lease (Essential Innovations Technology Corp)

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Acceleration of Rent. If any of the events referred to in paragraph 15.1 16.1 or paragraph 15.2 16.2 occur then, in addition to all other rights available to the Landlord, including the rights referred to in this paragraph 15.716.7, the full amount of the current month's ’s Basic Rent and TaxesAdditional Rent, and all other payments required to be made monthly by the Tenant, and the next ensuing 3 months' Basic Rent and Additional Rent will immediately become due and payable as accelerated rent, and the Landlord may recover the accelerated rent in the same manner as Rent in arrears, including immediately distraining for it together with all other arrears then unpaid.

Appears in 1 contract

Samples: Office Lease (Aurinia Pharmaceuticals Inc.)

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Acceleration of Rent. If any of the events referred to in paragraph 15.1 or paragraph 15.2 occur then, in addition to all other rights available to the Landlord, including the rights referred to in this paragraph 15.715.9, the full amount of the current month's Basic Rent and TaxesAdditional Rent, and all other payments required to be made monthly by the Tenant, and the next ensuing 3 months' Basic Rent and Additional Rent will immediately become due and payable as accelerated rent, and the Landlord may recover the accelerated rent in the same manner as Rent in arrears, including immediately distraining for it together with all other arrears then unpaid.

Appears in 1 contract

Samples: Lease (Essential Innovations Technology Corp)

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