Common use of Landlord’s Cure Clause in Contracts

Landlord’s Cure. If Tenant shall default in the performance of its obligations under this Lease and if such default is not cured within the applicable periods provided in Article 14, Landlord upon twenty (20) days prior notice to Tenant (except in emergency in which case no notice shall be required) may, but shall not be obligated to, make any such payment or perform any such act on Tenant's part without waiving its right based upon any default of Tenant and without releasing Tenant from any obligations hereunder. Except as may be specifically provided to the contrary in this Lease, Tenant shall pay to Landlord, within twenty (20) days after delivery by Landlord to Tenant of statements therefor, sums equal to expenditures reasonably made and obligations reasonably incurred by Landlord in connection with the remedying by Landlord of Tenant's defaults. If there are any outstanding monetary obligations of Tenant under this Lease attributable to the period prior to the expiration or termination of this Lease, such obligations shall survive the termination or expiration of this Lease and such amount shall be payable to Landlord within ten (10) days after receipt of notice therefor from Landlord.

Appears in 3 contracts

Samples: Ground Lease Agreement (Petco Animal Supplies Inc), Lease Agreement (Petco Animal Supplies Inc), Lease Agreement (Petco Animal Supplies Inc)

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Landlord’s Cure. If Tenant shall default in the performance of its obligations under this Lease and if such default is not cured within the applicable periods provided in Article 1415, Landlord upon twenty (20) days prior notice to Tenant (except in emergency in which case no notice shall be required) may, may but shall not be obligated to, make any such payment or perform any such act on Tenant's part without waiving its right rights based upon any default of Tenant and without releasing Tenant from any obligations hereunder. Except as may be specifically provided to the contrary in this Lease, Tenant shall pay to Landlord, within twenty ten (2010) days after delivery by Landlord to Tenant of statements therefor, sums equal to expenditures reasonably made and obligations reasonably incurred by Landlord in connection with the remedying by Landlord of Tenant's defaults. If there are any outstanding monetary obligations of Tenant under this Lease attributable to the period prior to the expiration or termination of this Lease, such obligations shall survive the termination or expiration of this Lease and such amount shall be payable to Landlord within ten (10) days after receipt of notice therefor from Landlordlandlord.

Appears in 2 contracts

Samples: Office Lease Agreement (Netbank Inc), Office Lease Agreement (Primis Inc)

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Landlord’s Cure. If Tenant shall default in the performance of its obligations under this Lease and if such default is not cured within the applicable periods provided in Article 1415, Landlord upon twenty (20) days prior notice to Tenant (except in emergency in which case no notice shall be required) may, may but shall not be obligated to, make any such payment or perform any such act on Tenant's ’s part without waiving its right rights based upon any default of Tenant and without releasing Tenant from any obligations hereunder. Except as may be specifically provided to the contrary in this Lease, Tenant shall pay to Landlord, within twenty ten (2010) days after delivery by Landlord to Tenant of statements therefor, sums equal to expenditures reasonably made and obligations reasonably incurred by Landlord in connection with the remedying by Landlord of Tenant's ’s defaults. If there are any outstanding monetary obligations of Tenant under this Lease attributable to the period prior to the expiration or termination of this Lease, such obligations shall survive the termination or expiration of this Lease and such amount shall be payable to Landlord within ten (10) days after receipt of notice therefor from Landlordlandlord.

Appears in 1 contract

Samples: Office Lease Agreement (Sunpower Corp)

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