Common use of Cure by Landlord Clause in Contracts

Cure by Landlord. Landlord, at any time after Tenant commits a default, may cure the default at Tenant's cost. If Landlord at any time by reason of Tenant's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord at the time the sum is paid shall be due from Tenant to Landlord, and if paid at a later date shall bear interest at the rate of sixteen percent (16%) per annum from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest shall be deemed additional rent hereunder.

Appears in 2 contracts

Samples: 1 Lease Agreement (Optiva Corp /Wa/), 9 Lease Agreement (Celebrate Express, Inc.)

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Cure by Landlord. Landlord, at any time after Tenant commits a default, Landlord may cure the default at Tenant's ’s cost. If Landlord at any time by reason of Tenant's ’s default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord at the time the sum is paid shall be due immediately from Tenant to Landlord, and if paid at a later date shall bear interest at the rate of sixteen twelve percent (1612%) per annum from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest shall be deemed additional rent Additional Rent hereunder.

Appears in 1 contract

Samples: Non Disturbance Agreement

Cure by Landlord. Landlord, at any time after Tenant ---------------- commits a default, may cure the default at Tenant's cost. If Landlord at any time by reason of Tenant's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord at the time the sum is paid shall be due from Tenant to Landlord, and if paid at a later date shall bear interest at the rate of sixteen percent (16%) per annum from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest shall be deemed additional rent hereunder.

Appears in 1 contract

Samples: Lease Agreement (Seattle Filmworks Inc)

Cure by Landlord. Landlord, at any time after Tenant commits a default, may cure the default at Tenant's cost. If Landlord at any time by reason of Tenant's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord at the time the sum is paid shall be due from Tenant to Landlord, and if paid at a later date shall bear interest at the rate of sixteen percent TWELVE PERCENT (1612%) per annum from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest shall be deemed additional rent hereunder.

Appears in 1 contract

Samples: Lease Agreement (Celebrate Express, Inc.)

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Cure by Landlord. Landlord, at any time after Tenant commits a default, may cure the default at Tenant's cost. If Landlord at any time by reason of Tenant's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord at the time the sum is paid shall be due from Tenant to Landlord, and if paid at a later date shall bear interest at the rate of sixteen twelve percent (1612%) per annum from form the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest interest, shall be deemed additional rent Additional Rent hereunder.

Appears in 1 contract

Samples: Lease Agreement (Cutter & Buck Inc)

Cure by Landlord. Landlord, at any time after Tenant Xxxxxx commits a default, Landlord may cure the default at Tenant's ’s cost. If Landlord at any time by reason of Tenant's ’s default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord Xxxxxxxx at the time the sum is paid shall be due immediately from Tenant to Landlord, and if paid at a later date shall bear interest at the rate of sixteen twelve percent (1612%) per annum from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest shall be deemed additional rent Additional Rent hereunder.

Appears in 1 contract

Samples: Non Disturbance Agreement

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