Common use of Lessor’s Right to Cure Defaults Clause in Contracts

Lessor’s Right to Cure Defaults. If Lessee fails to perform any obligation under this lease, Lessor shall have the option to do so after THIRTY (30) days' written notice to Lessee. All of Lessor's expenditures to correct the default shall be reimbursed by Lessee on demand, with interest at the rate of TWELVE (12%) percent per annum from the due date until paid.

Appears in 1 contract

Samples: Lease Agreement

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Lessor’s Right to Cure Defaults. If Lessee fails to perform any obligation under this lease, Lessor shall have the option to do so after THIRTY (30) days' written notice to Lessee. All of Lessor's expenditures to correct the default shall be reimbursed by Lessee on demand, with interest at the rate of TWELVE FIVE (125%) percent per annum from the due date until paid.

Appears in 1 contract

Samples: Lease Agreement

Lessor’s Right to Cure Defaults. If Lessee fails to perform any obligation under this lease, Lessor shall have the option to do so after THIRTY thirty (30) days' written notice to Lessee. All of Lessor's reasonable and necessary expenditures to correct the default shall be reimbursed by Lessee on demand, demand with interest at the rate of TWELVE ten percent (1210%) percent per annum from the due date until paidof expenditure by Lessor.

Appears in 1 contract

Samples: Lease Agreement (800 Com Inc)

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Lessor’s Right to Cure Defaults. If Lessee fails to perform any obligation under this lease, Lessor shall have the option to do so after THIRTY (30) days' written notice to LesseeXxxxxx. All of LessorXxxxxx's expenditures to correct the default shall be reimbursed by Lessee Xxxxxx on demand, with interest at the rate of TWELVE FIVE (125%) percent per annum from the due date until paid.

Appears in 1 contract

Samples: Lease Agreement

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