Common use of LANDLORD'S RIGHT TO CURE DEFAULT Clause in Contracts

LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after -------------------------------- Tenant commits a default or breach under this Lease, may cure such default or breach at Tenant's sole cost. If Landlord at any time, by reason of Tenant's default or breach, pays any sum or does any act that requires the payment of any sum, such sum shall be due immediately from Tenant to Landlord at the time such sum is paid, and shall be deemed Additional Rent under this Lease. If Tenant fails to timely pay any amount due under this Paragraph, then (without curing such default) interest at the Default Rate shall accrue (and be immediately payable) on such overdue amount until it is paid.

Appears in 2 contracts

Samples: Standard Full Service Gross Office Lease (Copper Mountain Networks Inc), Standard Full Service Gross Office Lease (Copper Mountain Networks Inc)

AutoNDA by SimpleDocs

LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after -------------------------------- Tenant commits a default or breach under this Lease, may cure such default or breach at Tenant's ’s sole cost. If Landlord at any time, by reason of Tenant's ’s default or breach, pays any sum or does any act that requires the payment of any sum, such sum shall be due immediately from Tenant to Landlord at the time such sum is paid, and shall be deemed Additional Rent under this Lease. If Tenant fails to timely pay any amount due under this Paragraph, then (without curing such default) interest at the Default Rate shall accrue (and be immediately payable) on such overdue amount until it is paid.

Appears in 1 contract

Samples: Standard Retail Lease (1st Pacific Bancorp)

LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after -------------------------------- Tenant commits a default under or breach under of this Lease, may cure such default or breach at Tenant's sole cost. If Landlord at any time, by reason of Tenant's default or breach, pays any sum or does any act that requires the payment of any sum, such sum shall be due immediately from Tenant to Landlord at the time such sum is paid, and shall be deemed Additional Rent under this Lease. If Tenant fails to timely pay any amount due under this Paragraph, then (without curing such default) interest at the Default Rate shall will accrue (and be immediately payable) on such overdue amount until it is paid.

Appears in 1 contract

Samples: Lease Agreement (Cinemastar Luxury Theaters Inc)

AutoNDA by SimpleDocs

LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after -------------------------------- Tenant commits a default or breach under this Lease, may cure such default or breach at Tenant's sole cost. If Landlord at any time, by reason of Tenant's default or breach, pays any sum or does any act that requires the payment of any sum, such sum shall be due immediately from Tenant to Landlord at the time Landlord notifies Tenant that such sum is has been paid, and shall be deemed Additional Rent under this Lease. If Tenant fails to timely pay any amount due under this Paragraph, then (without curing such default) interest at the Default Rate rate of ten percent (10%) per annum shall accrue (and be immediately payable) on such overdue amount until it is paid.

Appears in 1 contract

Samples: Full Service Modified Gross Lease (Lightspan Partnership Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!