Performance of Tenants Covenants Default and Bankruptcy Sample Clauses

Performance of Tenants Covenants Default and Bankruptcy. 12.1 Landlord may perform covenants If the Tenant is in default of any of its obligations under this Lease then the Landlord without limiting any other remedy which it may have, will have the right to remedy any such default and for such purpose may at any time enter upon the Premises. No entry for such purpose will be deemed to cause a forfeiture or termination of this Lease. In order to cure such default, the Landlord may do such things as are necessary to cure the default and such things as may be incidental thereto (including without limitation, the right to make repairs and to expend monies). The Tenant will reimburse the Landlord for the aggregate of all expenses incurred by the Landlord in remedying any such default. The Landlord will be under no obligation to remedy any default of the Tenant and will not incur any liability to the Tenant for any action or omission in the course of its remedying or attempting to remedy any such default unless such act amounts to intentional misconduct or gross negligence on the part of the Landlord.
AutoNDA by SimpleDocs
Performance of Tenants Covenants Default and Bankruptcy. 14.1 Landlord or its Lender(s) may
Performance of Tenants Covenants Default and Bankruptcy. 14.1 Landlord or its Lender(s) May perform Covenants If the Tenant defaults on any of its obligations in terms of this Lease, then the Landlord, without any other means it may have, have the right to correct such default and No entry for such purpose shall be deemed to be a forfiguration or termination of this lease or will be deemed to be a forfringement or termination of this lease. In order to heal such a default, the Landlord can do such things as necessary to heal the default and such things as can be coincidental for it (including, without limitation, the right to make repairs and spend money). The Tenant will reimburse the Landlord for the total of all expenses incurred by the Landlord to correct any such default. The Landlord shall be under no obligation to correct any default of the Tenant and shall not incur any liability to the Tenant for any action or omission in the course of his remedy or attempt to correct any such default unless such action amounts to intentional misconduct or gross negligence on the part of the Landlord. In the event of a default by the Landlord leading to the commencement of enforcement proceedings by their mortgage lender(s) against the Landlord in respect of financing occupied by the Building and Lands, the Tenant will, upon receiving written notice of the same, attorn to the Lender for the duration of the Lease on the same terms and conditions as received herein. Within five (5) of the Landlord providing the Tenant with a short form agreement, in a form reasonably acceptable to the lender(s) to take effect on the forgotten section (the Attornment Agreement), the Tenant must perform the same and return one fully executed copy to the lender as specified in the Attornment Agreement. The Tenant hereby irrevocably appoints the Landlord as Attorney for the Tenant with full power to carry out and deliver the Attornment Agreement for and in the name of the Tenant if the Tenant fails to do so within five (5) working days of receiving the same. 14.2 Rights of Termination If and whenever: (a) any Basic Rent or Additional Rent is not paid when due; (b) the Tenant on more than one occasion in any Lease year paid no basic Rent or Additional Rent on the day the same was to be paid; (c) there is a contraintal of any of the Tenant's obligations herein (except as set out in the other clauses of this section) including without limitation of the Rules and Regulations set out in Schedule B, which is not healed within five (5) days of deliv...
Performance of Tenants Covenants Default and Bankruptcy 

Related to Performance of Tenants Covenants Default and Bankruptcy

  • Tenant’s Default The occurrence of any one or more of the following events shall constitute a default and breach of this Lease by Tenant:

  • TENANT’S DEFAULTS In addition to any other event of default set forth in this Lease, the occurrence of any one or more of the following events shall constitute a default by Tenant:

  • Default by Lessee (a) If Lessee shall make default in making any payment herein provided for and any such default shall continue for a period of ten (10) business days after written notice to Lessee, or if Lessee shall make default in the performance of any obligation of Lessee herein (other than as to payment of money) and any such default shall continue for a period of thirty (30) days after written notice to Lessee, or if Lessee shall file a voluntary petition in bankruptcy, or if Lessee shall file any petition or institute any proceedings under any Insolvency or Bankruptcy Act or any amendment thereto hereafter made, seeking to effect its reorganization or a composition with its creditors, or if, in any proceedings based on the insolvency of Lessee or relating to bankruptcy proceedings, a receiver or trustee shall be appointed for Lessee or the Leased Premises, or if any proceedings shall be commenced for the reorganization of Lessee (which, in the case of involuntary proceedings, are not dismissed or stayed within 30 days of the commencement thereof), or if the leasehold estate created hereby shall be taken on execution or by any process of law, or if Lessee shall admit in writing its inability to pay its obligations generally as they become due, then Lessor may, at its option, terminate this Lease without notice, and declare all amounts due or to become due hereunder immediately due and payable, and Lessor's agents and servants may immediately, or any time thereafter, reenter the Leased Premises by reasonably necessary force, summary proceedings, or otherwise, and remove all persons and properly therein, without being liable to indictment, prosecution, or damage therefor, and Lessee hereby expressly waives the service of any notice in writing of intention to reenter said Leased Premises. Lessor may, in addition to any other remedy provided by law or permitted herein, at its option, relet the Leased Premises (or any part thereof) on behalf of Lessee, applying any monies collected first to the payment of expenses of resuming or obtaining possession, and, second, to the payment of the costs of placing the premises in rentable condition, including any leasing commission, and, third, to the payment of rent due hereunder, and any other damages due to the Lessor. Any surplus remaining thereafter shall be paid to Lessee, and Lessee shall remain liable for any deficiency in rental, the amount of which deficiency shall be paid upon demand therefor to Lessor.

  • Events of Default and Remedies Section 8.01

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!