Common use of Curative Action Clause in Contracts

Curative Action. If Tenant is in Default of any of its non-monetary obligations under this Lease, Landlord shall have the right, but not the obligation, to perform any such obligation. Tenant shall reimburse Landlord for the cost of such performance upon demand, together with an administrative charge equal to ten percent (10%) of the cost of the work performed by Landlord.

Appears in 2 contracts

Samples: Office Lease Agreement (Atea Pharmaceuticals, Inc.), Office Lease Agreement (resTORbio, Inc.)

AutoNDA by SimpleDocs

Curative Action. If Tenant is in Default of any of its non-monetary obligations under this Lease, Landlord shall have the right, but not the obligation, to perform any such obligation. Tenant shall reimburse Landlord for the cost of such performance upon demand, together with an administrative charge equal to ten five percent (105%) of the cost of the work performed by Landlord.

Appears in 2 contracts

Samples: Office Lease Agreement (Klaviyo, Inc.), Office Lease Agreement (Klaviyo, Inc.)

Curative Action. If Tenant is in Default of any of its non-monetary obligations under this Lease, Landlord shall have the right, but not the obligation, to perform any such obligationobligation after reasonable notice and opportunity to cure or to dispute such alleged Default. Tenant shall reimburse Landlord for the cost of such performance upon demand, together with an administrative charge equal to ten four percent (104%) of the cost of the work performed by Landlord.. 16.06

Appears in 1 contract

Samples: Lease Agreement (Prime Medicine, Inc.)

AutoNDA by SimpleDocs

Curative Action. If Tenant is in Default of any of its non-monetary non‑monetary obligations under this Lease, Landlord shall have the right, but not the obligation, to perform any such obligation. Tenant shall reimburse Landlord for the cost of such performance upon demand, together with an administrative charge equal to ten five percent (105%) of the cost of the work performed by Landlord.

Appears in 1 contract

Samples: Lease Agreement (Icosavax, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!