Common use of Landlord’s Right to Cure Clause in Contracts

Landlord’s Right to Cure. If Tenant does not perform any of its obligations under Section 10.04(a), Landlord upon twenty (20) days’ prior notice to Tenant (or without prior notice in the case of an emergency) may perform such maintenance, repair or replacement on Tenant’s behalf, and Tenant shall reimburse Landlord for all costs reasonably incurred, plus an administrative charge of ten percent (10%) of such costs, within thirty (30) days following invoice from Landlord.

Appears in 6 contracts

Samples: Lease Agreement (Vertex Pharmaceuticals Inc / Ma), Lease Agreement (Vertex Pharmaceuticals Inc / Ma), Lease Agreement (Senior Housing Properties Trust)

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Landlord’s Right to Cure. If Tenant does not perform any of its obligations under Section 10.04(a), Landlord upon twenty ten (2010) days’ prior written notice to Tenant (or without prior notice in the case of an emergency, with notice provided as soon as reasonably practicable) may perform such maintenance, repair or replacement on Tenant’s behalf, and Tenant shall reimburse Landlord Landlord, as Additional Rent, for all costs reasonably incurred, plus together with an administrative charge of Administrative Charge (as defined in Section 13.02(e)), within ten percent (10%) of such costs, within thirty (30) days following invoice from of Landlord’s written demand.

Appears in 2 contracts

Samples: Lease Agreement (Vigil Neuroscience, Inc.), Lease Agreement (Vigil Neuroscience, Inc.)

Landlord’s Right to Cure. If Tenant does not perform any of its obligations under Section 10.04(a), Landlord upon twenty (20) days’ prior notice to Tenant (or without prior notice in the case of an emergency, with notice provided as soon as reasonably practicable) may perform such maintenance, repair or replacement on Tenant’s behalf, and Tenant shall reimburse Landlord Landlord, as Additional Rent, for all costs reasonably incurred, plus together with an administrative charge of ten percent Administrative Charge (10%) of such costsas defined in Section 13.02(e)), within thirty (30) days following invoice from Landlordimmediately upon demand.

Appears in 2 contracts

Samples: Lease (C4 Therapeutics, Inc.), Lease (C4 Therapeutics, Inc.)

Landlord’s Right to Cure. If Tenant does not perform any of its obligations under Section 10.04(a), Landlord upon twenty ten (2010) days’ prior notice to Tenant (or without prior notice in the case of an emergency) may perform such maintenance, repair or replacement on Tenant’s behalf, and Tenant shall reimburse Landlord for all costs reasonably incurredincurred together with an Administrative Charge (as defined in Section 14.02(f)), plus an administrative charge of ten percent (10%) of such costs, within thirty (30) days following invoice from Landlordpromptly upon demand.

Appears in 2 contracts

Samples: Lease Agreement (Keros Therapeutics, Inc.), Lease Agreement (Keros Therapeutics, Inc.)

Landlord’s Right to Cure. If Tenant does not perform any of its obligations under Section 10.04(a), Landlord upon twenty ten (2010) days’ prior notice to Tenant (or without prior notice in the case of an emergency, with notice provided as soon as reasonably practicable) may perform such maintenance, repair or replacement on Tenant’s behalf, and Tenant shall reimburse Landlord Landlord, as Additional Rent, for all costs reasonably incurred, plus together with an administrative charge of ten percent Administrative Charge (10%) of such costsas defined in Section 13.02(e)), within thirty (30) days following invoice from Landlordimmediately upon demand.

Appears in 1 contract

Samples: Lease Agreement (SQZ Biotechnologies Co)

Landlord’s Right to Cure. If Tenant does not perform any of its obligations under Section 10.04(a), Landlord upon twenty ten (2010) days’ prior notice to Tenant (or without prior notice in the case of an emergency) may perform such maintenance, repair or replacement on Tenant’s behalf, and Tenant shall reimburse Landlord for all costs reasonably incurredincurred together with an Administrative Charge (as defined in Section 14.02(f)), plus an administrative charge of ten percent (10%) of such costs, within thirty (30) days following invoice from Landlordimmediately upon demand.

Appears in 1 contract

Samples: Lease Agreement (Cyteir Therapeutics, Inc.)

Landlord’s Right to Cure. If Tenant does not perform any of its obligations under Section 10.04(a), Landlord upon twenty (20) days’ prior notice to Tenant (or without prior notice in the case of an emergency) may perform such maintenance, repair or replacement on Tenant’s behalf, and Tenant shall reimburse Landlord for all costs reasonably incurred, plus an administrative charge of ten percent (10%) of such costs, within thirty (30) days following invoice from Landlordincurred immediately upon demand.

Appears in 1 contract

Samples: Lease Agreement (Ironwood Pharmaceuticals Inc)

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Landlord’s Right to Cure. If Tenant does not perform any of its obligations under Section 10.04(a), Landlord upon twenty ten (2010) days’ prior notice to Tenant (or without prior notice in the case of an a potential emergency) may perform such maintenance, repair or replacement on Tenant’s behalf, and Tenant shall reimburse Landlord for all costs reasonably incurredincurred together with an Administrative Charge (as defined in Section 14.02(f)), plus an administrative charge of ten percent (10%) of such costs, within thirty (30) days following invoice from Landlordimmediately upon demand.

Appears in 1 contract

Samples: Lease Agreement (Curis Inc)

Landlord’s Right to Cure. If Tenant does not perform any of its obligations under Section 10.04(a), Landlord upon twenty ten (2010) days’ prior notice to Tenant (or without prior notice in the case of an emergency) may perform such maintenance, repair or replacement on Tenant’s behalf, and Tenant shall reimburse Landlord for all costs reasonably incurredincurred together with an Administrative Charge (as defined in Section 14.02(f)), plus an administrative charge of ten percent (10%) of such costs, within thirty (30) days following invoice from Landlordimmediately upon demand.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Alexion Pharmaceuticals Inc)

Landlord’s Right to Cure. If Tenant does not perform any of its obligations under Section 10.04(a), Landlord upon twenty (20) days’ prior notice to Tenant (or without prior notice in the case of an emergency) may perform such maintenance, repair or replacement on Tenant’s behalf, and Tenant shall reimburse Landlord for all costs reasonably incurred, plus an administrative charge of ten percent (10%) of such costs, within thirty (30) days following invoice from Landlordimmediately upon demand.

Appears in 1 contract

Samples: Lease Agreement (Ironwood Pharmaceuticals Inc)

Landlord’s Right to Cure. If Tenant does not perform any of its obligations under Section 10.04(a), Landlord upon twenty ten (2010) days' prior notice to Tenant (or without prior notice in the case of an emergency) may perform such maintenance, repair or replacement on Tenant’s 's behalf, and Tenant shall reimburse Landlord for all costs reasonably incurred, plus together with an administrative charge Administrative Charge, which payment shall be made, after written demand by Landlord, with the next payment of ten percent (10%) of such costs, within thirty (30) days following invoice from LandlordRent hereunder.

Appears in 1 contract

Samples: Lease Agreement (Metabolix, Inc.)

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