Common use of PAYMENT OF RENT AND SECURITY DEPOSIT AFTER DEFAULT Clause in Contracts

PAYMENT OF RENT AND SECURITY DEPOSIT AFTER DEFAULT. If Tenant is in default (beyond applicable grace and cure periods as provided for in this Lease) with respect to any monetary obligation due hereunder more than three (3) times during the term of this Lease, at Landlord’s option, all monetary obligations of Tenant hereunder shall thereafter be paid by cashiers check, and Tenant shall, upon demand, provide Landlord with a security deposit equal to three (3) months’ Rent. If Landlord has required Tenant to make said payments by cashiers check or to provide an additional security deposit, Tenant’s failure to make a payment by cashiers check or to provide an additional security deposit, shall be a default hereunder.

PAYMENT OF RENT AND SECURITY DEPOSIT AFTER DEFAULT. If Tenant is in default (beyond applicable grace and cure periods as provided for in this Lease) with respect fails to pay Rent or any other monetary obligation due hereunder more than on the date it is due (taking into account any grace and cure period) on at least three (3) times during the term of this Leaseoccasions, at Landlord’s 's option, all monetary obligations of Tenant hereunder shall thereafter be paid by cashiers check, and Tenant shall, upon demand, provide Landlord with a security deposit Security Deposit equal to three (3) months’ Rent. If Landlord has required Tenant to make said payments by cashiers check or to provide an additional security depositSecurity Deposit, Tenant’s 's failure to make a payment by cashiers check or to provide an additional security depositSecurity Deposit, shall be a default hereunder.

PAYMENT OF RENT AND SECURITY DEPOSIT AFTER DEFAULT. If Tenant is in default (beyond applicable grace and cure periods as provided for in this Lease) with respect fails to pay Rent or any other monetary obligation due hereunder more than three (3) times during on the term of this Leasedate it is due, after Tenant's third failure to pay any monetary obligation on the date it is due, at Landlord’s 's option, all monetary obligations of Tenant hereunder shall thereafter be paid by cashiers check, and Tenant shall, upon demand, provide Landlord with a security deposit an additional Security Deposit equal to three (3) months’ Rent. If Landlord has required Tenant to make said payments by cashiers check or to provide an additional security depositSecurity Deposit, Tenant’s 's failure to make a payment by cashiers check or to provide an additional security depositSecurity Deposit, shall be a default hereunder.

PAYMENT OF RENT AND SECURITY DEPOSIT AFTER DEFAULT. If Tenant is in default (beyond applicable grace and cure periods as provided for in this Lease) with respect fails to pay Base Rent or any other monetary obligation due hereunder more than three on the date it is due, after Tenant’s third failure in any twelve (312) times during month period to pay any monetary obligation on the term of this Leasedate it is due, at Landlord’s option, all monetary obligations of Tenant hereunder shall thereafter be paid by cashiers cashier’s check, and Tenant shall, upon demand, provide Landlord with a an additional security deposit equal to three (3) months’ Base Rent. If Landlord has required Tenant to make said payments by cashiers cashier’s check or to provide an additional security deposit, Tenant’s failure to make a payment by cashiers cashier’s check or to provide an the additional security deposit, deposit shall be a material default hereunder.