Landlord’s Right to Cure Tenant’s Defaults Sample Clauses
The 'Landlord’s Right to Cure Tenant’s Defaults' clause grants the landlord the authority to remedy a tenant’s failure to fulfill certain obligations under the lease, such as not paying utilities or failing to maintain the premises. Typically, if the tenant does not correct a default within a specified period after receiving notice, the landlord may step in to address the issue directly and recover any associated costs from the tenant. This clause ensures that the property is properly maintained and that the landlord can protect their investment if the tenant neglects their responsibilities.
Landlord’s Right to Cure Tenant’s Defaults. In addition to all other rights of Landlord set forth elsewhere in this Lease, the Tenant agrees that if the Tenant shall fail to pay any amounts or charges required to be paid under this Lease by the Tenant when any of the same become due, or in any other respect shall fail to perform any covenant or agreement in this Lease contained on the part of the Tenant to be performed, then and in such event after the continuance of any such failure or default for thirty (30) days after notice in writing thereof (or such shorter period of time as may be set forth elsewhere in this Lease as to such default) shall be given by the Landlord to the Tenant, notwithstanding any delay or forbearance in the giving of such notice, the Landlord may pay all or any part thereof, or cure such default, all on behalf, and at the expense, of the Tenant. The Landlord may further do all necessary work and make all necessary payments in connection therewith including, without limitation, any solicitor’s fees, costs and charges of or in connection with any legal action which may have been brought. The Tenant agrees to pay to the Landlord forthwith upon demand by Notice any amount so paid by the Landlord, together with an administration fee equal to 15% of such amount (but only to the extent the Tenant is not otherwise required to pay a similar administration fee in respect of any such amount pursuant to any other provision of this Lease), as Additional Rent. All sums charged to the Tenant by the Landlord hereunder shall be deemed to be indebtedness of the Tenant to the Landlord payable on demand and collectable in the same manner as Rent hereunder.
Landlord’s Right to Cure Tenant’s Defaults. After expiration of the applicable time granted to Tenant for curing a particular Default and upon not less than five (5) business days’ notice (unless a longer period of time is otherwise expressly provided by this Lease, in which case such longer period shall apply), Landlord may, at Landlord’s election, make any payment (other than Rent payable to Landlord) required of Tenant under this Lease or perform or comply with any covenant or condition imposed on Tenant under this Lease, and the amount so paid, plus the reasonable cost of any such performance or compliance, plus interest on such sum at the Agreed Rate, from the date of payment, performance, or compliance until the date of repayment by Tenant, shall be due and payable by Tenant on the first day of the next calendar month following any such payment, performance or compliance by Landlord as Additional Rent hereunder. No such act shall constitute a waiver of any Default or of any remedy for Default or render Landlord liable for any loss or damage resulting from any such act (except to the extent such loss or damage arises from Landlord’s or Landlord’s Representatives’ negligence or intentional or willful misconduct).
Landlord’s Right to Cure Tenant’s Defaults. Whenever and as often as Tenant shall fail or neglect to comply with and perform any term, covenant, condition, or agreement to be complied with or performed by Tenant hereunder, then, upon thirty (30) days’ prior written notice to Tenant, Landlord at Landlord’s option, in addition to all other remedies available to Landlord, may perform, or cause to be performed, such work, labor, services, acts, or things, and take such other steps, including entry onto the Demised Premises and the Improvements thereon, as Landlord may deem advisable, to comply with and perform any such term, covenant, condition, or agreement which is in default, in which event Tenant shall reimburse Landlord upon demand, and from time to time, for all costs and expenses suffered or incurred by Landlord in so complying with or performing such term, covenant, condition, or agreement. The commencement of any work or the taking of any other steps or performance of any other act by Landlord pursuant to the immediately preceding sentence shall not be deemed to obligate Landlord to complete the curing of any term, covenant, condition, or agreement which is in default.
Landlord’s Right to Cure Tenant’s Defaults. After expiration of the applicable time for curing a particular Default, or before the expiration of that time in the event of an emergency, Landlord may, at Landlord’s election, make any payment required of Tenant under this Lease or perform or comply with any covenant or condition imposed on Tenant under this Lease, and the amount so paid, plus the reasonable cost of any such performance or compliance, plus interest on such sum at rate of ten percent per annum (or the highest lawful rate, if lower) from the date of payment, performance, or compliance until the date of repayment by Tenant, shall be due and payable by Tenant on the first day of the next calendar month following any such payment, performance or compliance by Landlord as additional rent hereunder. No such act shall constitute a waiver of any Default or of any remedy for Default or render Landlord liable for any loss or damage resulting from any such act.
Landlord’s Right to Cure Tenant’s Defaults. Whenever and as often as Tenant shall fail or neglect to comply with the terms and conditions of this Lease, Landlord, at Landlord's option and upon ten (10) days' Notice to Tenant (or upon shorter Notice, or with no Notice at all, if reasonable to meet an emergency or a time limitation imposed by Legal Authorities), may, in addition to all other remedies available to Landlord, perform, or cause to be performed, such work, labor, services, acts, or things, and take such other steps, including, but not limited to, entry onto the Premises, as Landlord may deem advisable, to comply with and perform any such term or condition. Tenant shall reimburse Landlord upon demand, and from time to time, for all costs and expenses suffered or incurred by Landlord in so complying with or performing such term or condition, which shall be deemed Additional Rent. The commencement of any work or the taking of any other steps or performance of any other act by Landlord pursuant to this Section shall not be deemed to obligate Landlord to complete the curing of any term or condition which is in default.
Landlord’s Right to Cure Tenant’s Defaults. If Tenant fails to perform a duty required by this Section 8 to the satisfaction of Landlord within thirty (30) days after written demand, or less if an emergency, Landlord may undertake the duty, without liability to Tenant for any loss or damage that may accrue to Tenant. Tenant shall pay Landlord's costs for undertaking the duty as additional rent. Landlord's costs will include a markup of twenty (20%) percent on said costs to cover Landlord's overhead.
Landlord’s Right to Cure Tenant’s Defaults. Landlord may at any time after Tenant commits an act of default upon ten (10) days notice, or a shorter period If additional damage may result, cure the act of default of the account and at the expense of Tenant. If Landlord at any time, by reason of an act of default, is compelled to pay, or elects to pay, any sum of money or to do any act that will incur the payment of any sum of money, or is compelled to incur any expense, including reasonable attorneys’ fees in instituting, prosecuting or defending any actions or proceedings to enforce Landlord’s rights under this Lease, the sums or sums paid by Landlord (together with interest accruing until paid at the maximum legal rate of interest allowed by the then usury laws as such law change from time to time), costs and damages shall be deemed to be additional rental under this Lease and shall be due from Tenant to Landlord immediately upon receipt of written demand.
Landlord’s Right to Cure Tenant’s Defaults. If Tenant shall default in the performance of its obligations under this Lease, after the expiration of any applicable cure period, Landlord at any time thereafter and without notice may remedy such default for Tenant's account and at Tenant's expense without thereby waiving such
Landlord’s Right to Cure Tenant’s Defaults. If Tenant shall default in the performance of any of Tenant’s obligations under this Lease after the giving of notice and the expiration of the applicable grace period therefor as provided in this Lease (except in the event of an emergency threatening imminent harm to life or property), Landlord, without thereby waiving such default, may (but shall not be obligated to) perform the same for the account and at the expense of Tenant, if such default remain uncured, or Tenant has not commenced a cure and diligently prosecuted the same, for an additional two (2) business days after Landlord shall have given Tenant notice by either facsimile or mail of its intent to effect such cure.
Landlord’s Right to Cure Tenant’s Defaults. Should the Tenant default in performance of any of the terms, covenants or agreements herein provided including but without limitation to payment of real estate taxes, insurance premiums, utilities charges, failure to discharge forthwith a mechanics’ lien filed by contractors of Tenant, repairs to the premises or in any other respect whatsoever, or should Landlord incur any charge, expense or attorney’s fees as a result of the breach by Tenant of any of the terms of this Lease, Landlord shall have the right to cure any such defaults or incur any such expense and shall charge said expenditures made by it as additional rent, and Tenant agrees to forthwith pay such additional rent to Landlord. Should Tenant fail to pay such sums forthwith after demand therefor, Landlord shall be entitled to all of the remedies herein provided with respect to the collection of such charges as in the case of nonpayment of rent.