Common use of Default by Landlord Clause in Contracts

Default by Landlord. Landlord shall not be deemed to be in default in the performance of any obligation under this Lease, and Tenant shall have no rights to take any action against Landlord, unless and until Landlord has failed to perform the obligation within thirty (30) days after written notice by Tenant to Landlord specifying in reasonable detail the nature and extent of the failure; provided, however, that if the nature of Landlord’s obligation is such that more than thirty (30) days are required for its performance, then Landlord shall not be deemed to be in default if it commences performance within the thirty (30) day period and thereafter diligently pursues the cure to completion. In the event of Landlord’s default under this Lease, Tenant’s sole remedies shall be to seek damages or specific performance from Landlord, provided that any damages shall be limited to Tenant’s actual out-of-pocket expenses and shall in no event include any consequential damages, lost profits or opportunity costs.

Appears in 16 contracts

Samples: Lease (Masimo Corp), Lease Agreement (Masimo Corp), Lease (AutoTrader Group, Inc.)

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Default by Landlord. Landlord shall not be deemed to be in default in the performance of any obligation under this Lease, and Tenant shall have no rights to take any action against Landlord, unless and until Landlord has failed to perform the obligation within thirty (30) days after written notice by Tenant to Landlord specifying in reasonable detail the nature and extent of the failure; provided, however, that if the nature of Landlord’s 's obligation is such that more than thirty (30) days are required for its performance, then Landlord shall not be deemed to be in default if it commences performance within the thirty (30) day period and thereafter diligently pursues the cure to completion. In the event of Landlord’s 's default under this Lease, Tenant’s 's sole remedies shall be to seek damages or specific performance from Landlord, provided that any damages shall be limited to Tenant’s 's actual out-of-pocket expenses and shall in no event include any consequential damages, lost profits or opportunity costs.

Appears in 9 contracts

Samples: Lease Agreement (Hireright Inc), Lease Agreement (Altris Software Inc), Lease (Intest Corp)

Default by Landlord. Landlord shall not be xxx xx deemed to be in default in the performance of any obligation under this Lease, and Tenant shall have no rights to take any action against Landlord, unless and until Landlord has failed to perform the obligation within thirty (30) days after written notice by Tenant to Landlord specifying in reasonable detail the nature and extent of the failure; provided, however, that if the nature of Landlord’s 's obligation is such that more than thirty (30) days are required for its performance, then Landlord shall not be deemed to be in default if it commences performance within the thirty (30) day period and thereafter diligently pursues the cure to completion. In the event of Landlord’s 's default under this Lease, Tenant’s 's sole remedies shall be to seek damages or specific performance from Landlord, provided that xxxx any damages shall be limited to Tenant’s 's actual out-of-pocket expenses and shall in no event include any consequential damages, lost profits or opportunity costs.. May 5, 2005 701423328v1

Appears in 1 contract

Samples: Lease (California Micro Devices Corp)

Default by Landlord. Landlord shall not be deemed to be in default in the performance of any obligation under this Lease, and Tenant shall have no rights to take any action against Landlord, unless and until Landlord has failed to perform the obligation within thirty (30) days after written notice by Tenant to Landlord specifying in reasonable detail the nature and extent of the failure; provided, however, that if the nature of Landlord’s obligation is such that more than thirty (30) days are required for its performance, then Landlord shall not be deemed to be in default if it commences performance within the thirty (30) day period and thereafter diligently pursues the cure to completion. In the event of Landlord’s default under this Lease, Tenant’s sole remedies shall be to seek constructive eviction from the Premises, seek damages or specific performance from Landlord, provided that any damages shall be limited to Tenant’s actual out-of-pocket expenses and shall in no event include any consequential damages, lost profits or opportunity costs.

Appears in 1 contract

Samples: Lease (Lsi Logic Corp)

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Default by Landlord. Landlord shall not be deemed to be in default in the performance of any obligation under this Lease, and Tenant shall have no rights to take any action against Landlord, unless and until Landlord has failed to perform the obligation within thirty (30) days after written notice by Tenant to Landlord specifying in reasonable detail the nature and extent of the failure; provided, however, that if the nature of Landlord’s 's obligation is such that more than thirty (30) days are required for its performance, then Landlord landlord shall not be deemed to be in default if it commences performance within the thirty (30) day period and thereafter diligently pursues the cure to completion. In the event of Landlord’s 's default under this Lease, Tenant’s 's sole remedies shall be to seek damages or specific performance from Landlord, provided that any damages shall be limited to Tenant’s 's actual out-of-pocket expenses and shall in no event include any consequential damages, lost profits or opportunity costs.,

Appears in 1 contract

Samples: Lease Agreement (Molecular Devices Corp)

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