Common use of Failure to Pay Rent or Other Amounts Clause in Contracts

Failure to Pay Rent or Other Amounts. A Default by Tenant shall exist if Tenant fails to pay when due, Basic Rent, Additional Rent, Monthly Deposits, or any other amounts payable by Tenant under the terms of this Lease, and such failure shall continue for 5 days after written notice from Landlord to Tenant of such failure, provided however, that Tenant shall not be entitled to more than two notices of such failure during any lease year and if, after two such notices are given in any lease year, Tenant fails, during such lease year, to pay any such amounts when due, such failure shall constitute a Default by Tenant without further notice by Landlord.

Appears in 3 contracts

Samples: Master Lease, Master Lease, Asset Purchase Agreement (Acr Group Inc)

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Failure to Pay Rent or Other Amounts. A Default by Tenant shall exist if If Tenant fails to pay when due, Basic Base Rent, Additional Rent, Monthly Deposits, or any other Rent or amounts payable by Tenant under the terms of this Lease, and such failure shall continue for 5 five (5) days after written notice from Landlord to Tenant of such failure, provided however, that with respect to Base Rent and Additional Rent, Tenant shall not be entitled to more than two notices of such failure during any lease year Calendar Year and if, after two such notices are given in any lease yearCalendar Year, Tenant fails, during such lease yearCalendar Year, to pay any such amounts when due, such failure shall constitute a an Event of Default by Tenant without further notice by LandlordLandlord or additional cure period.

Appears in 1 contract

Samples: Lease Agreement (Tanning Technology Corp)

Failure to Pay Rent or Other Amounts. A Default by ------------------------------------ Tenant shall exist if Tenant fails to pay when due, Basic Rent, Additional Rent, Monthly Deposits, or any other amounts payable by Tenant under the terms of this Lease, and such failure shall continue for 5 five (5) days after written notice from Landlord to Tenant of such failure, provided provided, however, that Tenant shall not be entitled to more than two notices of such failure during any lease year and if, after two such notices are given in any lease year, Tenant fails, during such lease year, to pay any such amounts when due, such failure shall constitute a Default by Tenant without further notice by Landlord.

Appears in 1 contract

Samples: Agreement of Lease (Yurie Systems Inc)

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Failure to Pay Rent or Other Amounts. A Default by Tenant shall exist if Tenant fails to pay when due, Basic Rent, Additional Rent, Monthly Deposits, or any other amounts payable by Tenant under the terms of this Lease, and such failure shall continue for 5 days after written notice from Landlord to Tenant of such failure, provided however, that Tenant shall not be entitled to more than two (2) notices of such failure during any lease year Lease Year (as defined in Section 3.2 above) and if, after two (2) such notices are given in any lease yearLease Year, Tenant fails, during such lease yearLease Year, to pay any such amounts when due, such failure shall constitute a Default by Tenant without further notice by Landlord.

Appears in 1 contract

Samples: Lease (Gc Net Lease Reit, Inc.)

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