Common use of Landlord’s Cure of Tenant Defaults Clause in Contracts

Landlord’s Cure of Tenant Defaults. If Tenant fails to perform any obligation under this Lease for five (5) days after notice thereof by Landlord (except that no notice shall be required in emergencies), Landlord shall have the right (but not the duty), to perform such obligation on behalf and for the account of Tenant. In such event, Tenant shall reimburse Landlord upon demand, as additional Rent, for all expenses incurred by Landlord in performing such obligation together with an amount equal to fifteen percent (15%) thereof for Landlord's overhead, and interest thereon at the Default Rate from the date such expenses were incurred. Landlord's performance of Tenant's obligations hereunder shall not be deemed a waiver or release of Tenant therefrom.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement (Epocrates Inc), Shopping Center Lease (Casa Ole Restaurants Inc)

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Landlord’s Cure of Tenant Defaults. If Tenant fails to perform any obligation under this Lease for five (5) days after notice thereof by Landlord (except that no notice shall be required in emergencies), Landlord shall have the right (but not the duty), to perform such obligation on behalf and for the account of Tenant. In such event, Tenant shall reimburse Landlord upon demand, as additional Rentrent, for all reasonable expenses incurred by Landlord in performing such obligation together with an amount equal to fifteen percent ten (1510%) percent thereof for Landlord's ’s overhead, and interest thereon at the Default Lease Interest Rate from the date such expenses were incurred. Landlord's Xxxxxxxx’s performance of Tenant's Xxxxxx’s obligations hereunder shall not be deemed a waiver or release of Tenant therefrom.

Appears in 3 contracts

Samples: Office Lease Agreement (Alpha Healthcare Acquisition Corp Iii), Office Lease Agreement (Alpha Healthcare Acquisition Corp Iii), Office Lease Agreement (Alpha Healthcare Acquisition Corp Iii)

Landlord’s Cure of Tenant Defaults. If Tenant fails to perform any obligation under this Lease for five (5) days after notice thereof by Landlord (except that no notice shall be required in emergencies), Landlord shall have the right (but not the duty), to perform such obligation on behalf and for the account of Tenant. In such event, Tenant shall reimburse Landlord upon demand, as additional Rent, for all expenses incurred by Landlord in performing such obligation together with an amount equal to fifteen percent five (155%) thereof for Landlord's ’s overhead, and interest thereon at the Default Rate from the date such expenses were incurred. Landlord's ’s performance of Tenant's ’s obligations hereunder shall not be deemed a waiver or release of Tenant therefrom.

Appears in 1 contract

Samples: Office Lease (Lattice Semiconductor Corp)

Landlord’s Cure of Tenant Defaults. If Tenant fails to perform any obligation under this Lease for five (5) days after notice thereof by Landlord (except that no notice shall be required in emergencies), Landlord shall have the right (but not the duty), to perform such obligation on behalf and for the account of Tenant. In such event, Tenant shall reimburse Landlord upon demand, as additional Rentrent, for all expenses reasonably incurred by Landlord in performing such obligation together with an amount equal to fifteen percent (15%) percent thereof for Landlord's ’s overhead, and interest thereon at the Default Lease Interest Rate from the date such expenses were incurredof demand. Landlord's ’s performance of Tenant's ’s obligations hereunder shall not be deemed a waiver or release of Tenant therefrom.

Appears in 1 contract

Samples: Office Lease Agreement (Cognition Therapeutics Inc)

Landlord’s Cure of Tenant Defaults. If Tenant fails to perform any obligation under this Lease for five (5) days after notice thereof by Landlord (except that no notice shall be required in emergencies), Landlord shall have the right (but not the duty), to perform such obligation on behalf and for the account of Tenant. In such event, Tenant shall reimburse Landlord upon demand, as additional Rent, for all expenses incurred by Landlord in performing such obligation together with an amount equal to fifteen percent (15%) thereof for Landlord's ’s overhead, and interest thereon at the Default Rate from the date such expenses were incurred. Landlord's ’s performance of Tenant's ’s obligations hereunder shall not be deemed a waiver or release of Tenant therefrom.

Appears in 1 contract

Samples: Office Lease (Pixelworks Inc)

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Landlord’s Cure of Tenant Defaults. If Tenant fails to perform any obligation under this Lease for five (5) days after notice thereof by Landlord (except that no notice shall be required in emergencies), Landlord shall have the right (but hut not the duty), to perform such obligation on behalf and for the account of Tenant. In such event, . Tenant shall reimburse Landlord upon demand, demand as additional Rent, for For all expenses incurred by Landlord in performing such obligation together with an amount equal to fifteen percent (15%) thereof for Landlord's overhead, and interest thereon at the Default Rate from the date such expenses were incurred. Landlord's performance of Tenant's obligations hereunder shall not be deemed a waiver or release of Tenant therefrom.

Appears in 1 contract

Samples: Office Lease (Enviro Fuels Manufacturing, Inc.)

Landlord’s Cure of Tenant Defaults. If Tenant fails to perform any obligation under this Lease for five ten (510) days after notice thereof by Landlord (except that no notice shall be required in emergencies), Landlord shall have the right (but not the duty), to perform such obligation on behalf and for the account of Tenant. In such event, Tenant shall reimburse Landlord upon demand, as additional Rent, for all expenses incurred by Landlord in performing such obligation together with an amount equal to fifteen percent (15%) thereof for Landlord's overhead, and interest thereon at the Default Rate from the date such expenses were incurred. Landlord's performance of Tenant's obligations hereunder shall not be deemed a waiver or release of Tenant therefrom.

Appears in 1 contract

Samples: Office Lease (Cutter & Buck Inc)

Landlord’s Cure of Tenant Defaults. If Tenant fails to perform any obligation under this Lease for five (5) days after notice thereof by Landlord (except that no notice shall be required in emergencies), Landlord shall have the right (but not the duty), to perform such obligation on behalf and for the account of Tenant. In such event, Tenant shall reimburse Landlord upon demand, as additional Rent, for all expenses incurred by Landlord in performing such obligation together with an amount equal to fifteen percent (15%) thereof for Landlord's overhead, and interest thereon at the Default Rate from the date such expenses were incurred. Landlord's performance of Tenant's obligations hereunder shall not be deemed a waiver or release of Tenant therefrom.

Appears in 1 contract

Samples: Single Tenant Net Lease (Maxtor Corp)

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