Common use of Default Clause Clause in Contracts

Default Clause. Following any of these events, Landlord may terminate this lease and enter and take possession of the premises from Tenant, all without waiving any rights, which it may have at law hereunder, without further notice or demand (all such notices and demands being hereby waived). In addition, at the option of Landlord, the balance of the rents for the remainder of this Lease as well as all other charges agreed to be paid by Tenant during such period, will become due and payable immediately by Tenant to Landlord, in addition to any and all rents and other charges already due and payable and in arrears.

Appears in 4 contracts

Samples: Lease Agreement (First Mariner Bancorp), Lease Agreement (First Mariner Bancorp), Lease Agreement (First Mariner Bancorp)

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