Landlord's Cure of Default. If Tenant shall be in default hereunder, Landlord shall have the option, but not the obligation, upon three (3) days written notice to Tenant (except in the event of an emergency, in which event no notice shall be required), to cure the act or failure constituting said default for the account of and at the expense of Tenant. Landlord's cure or attempt to cure any act or failure constituting the default by Tenant shall not result in a waiver or release of Tenant. Tenant agrees to pay the costs incurred by Landlord pursuant to this Section 14.5 plus interest, in accordance with Section 20.14 hereof, on all sums expended by Landlord pursuant to this Section 14.5 from the date of such expenditure plus a charge of fifteen percent (15%) of such costs, to Landlord upon demand, as additional rent.
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Samples: Lease Agreement (Play Co Toys & Entertainment Corp), Lease Agreement (Play Co Toys & Entertainment Corp)
Landlord's Cure of Default. If Tenant shall be in default hereunder, Landlord shall have the option, but not the obligation, upon three (3) days written notice to Tenant (except in the event of an emergency, in which event no notice shall be required), to cure the act or failure constituting said default for the account of and at the expense of Tenant. Landlord's cure or 41 46 attempt to cure any act or failure constituting the default by Tenant shall not result in a waiver or release of Tenant. Tenant agrees to pay the costs incurred by Landlord pursuant to this Section 14.5 plus interest, in accordance with Section 20.14 hereof, on all sums expended by Landlord pursuant to this Section 14.5 from the date of such expenditure plus a charge of fifteen percent (15%) of such costs, to Landlord upon demand, as additional rent.
Appears in 1 contract
Landlord's Cure of Default. If Tenant shall be in default hereunder, Landlord shall have the option, but not the obligation, upon three (3) days written notice to Tenant (except in the event of an any emergency, in which event no notice shall be required), to cure the act or failure constituting said default for the account of and at the expense of Tenant. Landlord's cure or attempt to cure any act or failure constituting the default by Tenant shall not result in a waiver or release of Tenant. Tenant agrees to pay the costs incurred by Landlord pursuant to this Section 14.5 plus interest, in accordance with Section 20.14 20.13 hereof, on all sums expended by Landlord pursuant to this Section 14.5 from the date of such expenditure expenditure, and Tenant agrees to pay the costs incurred by Landlord pursuant to this Section 14.5, plus a charge of fifteen percent (15%) of such costs, to Landlord upon demand, as additional rent.
Appears in 1 contract
Samples: Lease Agreement (Play Co Toys & Entertainment Corp)
Landlord's Cure of Default. If Tenant shall be in default hereunder, Landlord shall have the option, but not the obligation, upon three (3) days written notice to Tenant (except in the event of an any emergency, in which event even no notice shall be required), to cure the act or failure constituting said default for the account of and at the expense of Tenant. Landlord's cure or attempt to cure any act or failure constituting the default by Tenant shall not result in a waiver or release of Tenant. Tenant agrees to pay the costs incurred by Landlord pursuant to this Section 14.5 plus interest, in accordance with Section 20.14 20.1 3 hereof, on all sums expended by Landlord pursuant to this Section 14.5 from the date of such expenditure expenditure, and Tenant agrees to pay the costs incurred by Landlord pursuant to this Section 14.5, plus a charge of fifteen percent (15%) of such costs, to Landlord upon demand, as additional rent.
Appears in 1 contract
Samples: Lease Agreement (Play Co Toys & Entertainment Corp)