Common use of Landlord’s Cure Rights Clause in Contracts

Landlord’s Cure Rights. If Tenant is in default of any of its obligations under this Lease, Landlord may, without waiving such default, perform such obligations for the account and at the expense of Tenant (a) immediately and without notice in the case of an Emergency or with respect to the imposition of any Lien against all or any portion of the Premises, and (b) in any other case, if such default continues after thirty (30) days from the date Landlord delivers a written notice to Tenant stating Landlord’s intention to perform such obligation for the account and at the expense of Tenant. Upon Landlord’s demand, Tenant shall pay to Landlord all reasonable, out of pocket costs and expenses incurred by Landlord in performing any obligations of Tenant under this Lease.

Appears in 2 contracts

Samples: Lease Agreement (BTRS Holdings Inc.), Lease Agreement (South Mountain Merger Corp.)

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Landlord’s Cure Rights. If Tenant is in default of any of its obligations under this Lease, Landlord may, without waiving such default, perform such obligations for the account and at the expense of Tenant (a) immediately and without notice in the case of an Emergency or with respect to the imposition of any Lien against all or any portion of the Premises, and (b) in any other case, if such default continues after thirty (30) days from the date Landlord delivers a written notice to Tenant stating Landlord’s intention to perform such obligation for the account and at the expense of Tenant. Upon Landlord’s demand, Tenant shall pay to Landlord an amount equal to one hundred ten percent (110%) of all reasonable, out of pocket the actual costs and expenses incurred by Landlord in performing any obligations of Tenant under this Lease.

Appears in 1 contract

Samples: Lease Agreement (Cognition Therapeutics Inc)

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Landlord’s Cure Rights. If Tenant is in default of any of its obligations under this Lease, Landlord may, without waiving such default, perform such obligations for the account and at the expense of Tenant (a) immediately and without notice in the case of an Emergency or Emergency, (b) within ten (10) days after notice from Landlord with respect to the imposition of any Lien against all or any portion of the Premises, Property and (bc) in any other case, if such default continues after thirty (30) days from the date Landlord delivers a written notice to Tenant stating Landlord’s intention to perform such obligation for the account and at the expense of Tenant. Upon Landlord’s demand, Tenant shall pay to Landlord all reasonable, out of pocket reasonable and documented costs and expenses incurred by Landlord in performing any obligations of Tenant under this Lease.

Appears in 1 contract

Samples: Lease Agreement (Bellerophon Therapeutics, Inc.)

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