Default in Payment of Rent. The Tenant shall, without any previous demand therefore, pay to the Owner, or its agent, the said rent at the times and in the manner above provided. In the event of the non-payment of said rent, or any installment thereof, at the times and in the manner above provided, and if the same shall remain in default for more than fifteen (15) days after becoming due, or if the Tenant shall be dispossessed for non-payment of rent, or if the leased premises shall be deserted or vacated for more than fifteen (15) days, the Owner or its agents shall have the right to and may enter the said premises as the agent of the Tenant, either by force or otherwise, without being liable for any prosecution or damages therefore, and may relet the premises as the agent of the Tenant, and receive the rent therefore, upon such terms as shall be satisfactory to the Owner, and all rights of the Tenant to repossess the premises under this lease shall be forfeited. Such re-entry by the Owner shall not operate to release the Tenant from any rent to be paid or covenants to be performed hereunder during the full term of this lease. For the purpose of reletting, the Owner shall be authorized to make such repairs or alterations in or to the leased premises as may be necessary to place the same in good order and condition. The tenant shall be liable to the Owner for the cost of such repairs or alterations, and all expenses of such reletting. If the sum realized or to be realized from the reletting is insufficient to satisfy the monthly or term rent provided in this lease, the Owner, at its option, may require the Tenant to pay such deficiency month by month, or may hold the Tenant in advance for the entire deficiency to be realized during the term of the reletting. The Tenant shall not be entitled to any surplus accruing as a result of the reletting. The Tenant agrees to pay, as additional rent, all attorneys’ fees and other expenses incurred by the Owner in enforcing any of the obligations under this lease.
Default in Payment of Rent. If any rent required by this lease is not paid when due, Lessor will have the option to:
a. Terminate this lease, resume possession of the property, and recover immediately from the Lessee the difference between the rent specified in the lease and the fair rental value of the property for the remainder of the term, reduced to present worth; or
b. Resume possession and re-lease or rent the property for the remainder of the term for the account of Xxxxxx and recover from Lessee at the end of the term or at the time each payment of rent comes due under this lease, whichever Lessor may choose, the difference between the rent specified in the lease and the rent received on the re- leasing or renting.
Default in Payment of Rent. Tenant’s failure to pay any rent or other amounts owed by Tenant under this Lease shall be a default of this Lease without any notice required except as required by Colorado law. Landlord may terminate Tenant’s right to possession under this Lease due to Tenant's monetary default by giving Tenant three days' notice in writing demanding in the alternative payment of the rent due or possession of the Premises.
Default in Payment of Rent. In the event of a default for a period of ten (10) days in the payment of rent, the Lessor, without prejudice to any other rights or remedies that it may have, shall have the right, immediately or at any time thereafter, to re-enter the premises and remove all persons and property from the premises and relet the premises and hold the Lessee responsible for any loss in rental or other losses the Lessor may suffer as a result of such default. Notwithstanding any such reletting without termination, the Lessor may, at any time after the occurrence of any default set out in this paragraph, elect to terminate this lease and terminate it by giving written notice to that effect to the Lessee.
Default in Payment of Rent. In the event rent is not paid by the tenth (10th) day of any month, Lessee shall be considered in default of this Agreement. Upon default, Lessor shall present Lessee notice of default via Certified Mail and Lessee shall have ten (10) days from receipt of said notice to cure the default. In the event the default is not cured within said time frame, Lessor may proceed to collect all past-due amounts, fully enforce the terms of this Lease Agreement, and shall be allowed to collect additional reasonable costs, such as attorney fees, late charges, etc. that may be typically allowed by law. Any unpaid balances remaining after termination of occupancy are subject to a 1 1/2% interest per month penalty.
Default in Payment of Rent. If, at any time after such insurance proceeds come into possession of Tenant or are placed in escrow pursuant to this Article after destruction or damage by casualty, Tenant is in default beyond any applicable cure period of any Rent or other charges payable under this Lease, then Landlord shall be entitled to so much of said proceeds as may be necessary to pay and discharge any such Rent or other charges of which Tenant is in default, whenever and as often as any such default shall occur. Tenant shall forthwith reimburse such escrow account by depositing therein any amount so paid out on account of Tenant’s default. Nothing herein contained, however, shall be construed as permitting Tenant to default in the payment of Rent or other charges herein stipulated to be paid or in the performance of any other covenants of this Lease, and Landlord may, at its option, proceed against Tenant for the collection of such Rent or other charges in default and recover and take possession of the Premises in accordance with the provisions of this Lease without prejudice to Landlord’s right to the benefit of such insurance money as security for Tenant’s performance under the terms of this Lease.
Default in Payment of Rent. If any rent required by this Lease is not paid when due, Lessor will have the option to:
a. Terminate this lease, resume possession of the property, and recover immediately from Lessee the difference between the rent specified in the Lease and the fair rental value of the property for the remainder of the term, reduced to present worth; or
b. Resume possession and release or rent the property for the remainder of the term for the account of Lessee and recover from Lessee at the end of the term or at the time each payment of rent comes due under this lease, whichever Lessor may choose, the difference between the rent specified in the lease and the rent received on the releasing or renting.
c. Upon termination Lessee shall promptly remove any personal property placed upon the premises and leave the premises in a good and clean condition.
Default in Payment of Rent. If any installment of rent as herein called for remains overdue and unpaid for thirty (30) days, Lessor shall send notice of such default to Lessee via Certified Mail and shall impose a penalty equivalent to Twenty Dollars ($20.00). If any installment of rent or penalties as herein called for remains overdue and unpaid for an additional twenty (20) days Lessor may, at its option, at any time during such default, declare this Lease terminated, and re -enter and take possession of the leased space, including the disposition of personal property as provided herein.
Default in Payment of Rent. If Tenant fails to make payment of any Rent when due, and such failure continues for ten (10) days after Tenant receives written notice thereof from Landlord, then such failure to pay Rent shall be a default under this Lease.
Default in Payment of Rent. If Subtenant shall fail to pay when due any installment of Rent for a period of ten (10) days after the date due, Subtenant shall pay interest thereon at the rate ("Default Rate") per annum equal to the lesser of (i) the "Prime Rate", as
