Common use of Persistent Delinquencies Clause in Contracts

Persistent Delinquencies. In the event that Tenant shall be delinquent by more than fifteen (15) days in the payment of rent on three (3) separate occasions in any twelve (12) month period, Landlord shall have the right to collect rent quarterly in advance.

Appears in 2 contracts

Samples: Standard Office Lease (United Online Inc), Standard Office Lease (Netzero Inc)

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Persistent Delinquencies. In the event that Tenant shall be ------------------------ delinquent by more than fifteen (15) days in the payment of rent on three (3) separate occasions in any twelve (12) month period, Landlord shall have the right to collect rent require Tenant to pay Rent quarterly in advance.

Appears in 1 contract

Samples: Standard Office Lease (Newport Corp)

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Persistent Delinquencies. In the event that Tenant shall be delinquent by more than fifteen (15) days in the payment of rent on three (3) separate occasions in any twelve (12) month period, Landlord shall have the right to collect require Tenant to deposit (and maintain) three (3) months' rent quarterly in advanceadvance to be used as security for future rental payments due hereunder and may be applied by Landlord for the payment of Monthly Basic Rental and other sums as the same become due hereunder.

Appears in 1 contract

Samples: Standard Office Lease (Broadband Sports Inc)

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