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 an Event of Default, may cure such Event of Default 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, along with a supervisory fee in the amount of ten percent (10%) of such amount so expended by Landlord, and shall be deemed Additional Rent under this Lease. If Tenant fails to timely pay any amount due under this Paragraph within ten business days of receipt of Landlord’s invoice for such costs, 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 4 contracts

Samples: Modified Gross Office Lease, Modified Gross Office Lease (Bumble Bee Capital Corp.), Office Lease (Lionbridge Technologies Inc /De/)

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LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after Tenant commits an Event of Default, may cure such Event of Default 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, along with a supervisory fee in the amount of ten percent (10%) of such amount so expended by Landlord, and shall be deemed Additional Rent under this Lease. If Tenant fails to timely pay any amount due under this Paragraph within ten business days of receipt of Landlord’s invoice for such costs, 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: Office Lease Agreement (Adamis Pharmaceuticals Corp), Office Lease Agreement (Somaxon Pharmaceuticals, Inc.)

LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after Tenant commits an Event of Default, may cure such Event of Default 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, along with a supervisory fee in the amount of ten percent (10%) of such amount so expended by Landlord, and shall be deemed Additional Rent under this Lease. If Tenant fails to timely pay any amount due under this Paragraph within ten business days of receipt of Landlord’s invoice for such costs, 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: Office Lease Agreement (Evoke Pharma Inc), Office Lease Agreement (Adamis Pharmaceuticals Corp)

LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after Tenant commits an Event of Default, may cure such Event of Default 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, along with a supervisory fee in the amount of ten percent (10%) of such amount so expended by Landlord, and shall be deemed Additional Rent under this Lease. If Tenant fails to timely pay any amount due under this Paragraph within ten (10) business days of receipt of Landlord’s invoice for such costs, 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: Lease Agreement (BeautyKind Holdings, Inc.)

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LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after Tenant commits an Event a default or breach under this Lease (and after the expiration of Defaultany applicable cure period), may cure such Event of Default 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 other than Basic Monthly Rent, which shall be due immediately shall be due from Tenant to Landlord at the time such sum is paid, along with a supervisory fee in the amount of ten percent within thirty (10%30) of such amount so expended by days after Landlord's written demand therefor, and shall be deemed Additional Rent under this Lease. If Tenant fails to timely pay any amount due under this Paragraph within ten business days of receipt of Landlord’s invoice for such costsParagraph, 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: Purchase and Sale Agreement (Neurocrine Biosciences Inc)

LANDLORD'S RIGHT TO CURE DEFAULT. Landlord, at any time after Tenant commits an Event of Default, may cure such Event of Default 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, along with a supervisory fee in the amount of ten five percent (10%) of such amount so expended by Landlord, and shall be deemed Additional Rent under this Lease. If Tenant fails to timely pay any amount due under this Paragraph within ten business days of receipt of Landlord’s 's invoice for such costs, 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: Modified Gross Office Lease (Bridgepoint Education Inc)

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