Common use of Presumption of Abandonment Clause in Contracts

Presumption of Abandonment. It shall be conclusively presumed that Tenant has abandoned the Premises if Tenant fails to keep the Premises open for business during regular business hours for ten consecutive days while in monetary default. Any grace periods set forth in this article shall not apply to the application of this presumption.

Appears in 5 contracts

Samples: Office Lease (Riot Blockchain, Inc.), Lease (Health Benefits Direct Corp), Lease (Alynx, Co.)

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Presumption of Abandonment. It shall be conclusively presumed that Tenant has abandoned the Premises if Tenant fails to keep the Premises open for business during regular business hours for ten thirty (30) consecutive days while in monetary defaultMonetary Default. Any The grace periods set forth in this article Section shall not apply to the application of this presumption. In the event of an abandonment, Landlord shall have the right to immediately retake possession of the Premises without legal process.

Appears in 4 contracts

Samples: Lease Agreement, Office Lease, Office Lease (Summit Financial Services Group Inc)

Presumption of Abandonment. It shall be conclusively presumed that Tenant has abandoned the Premises if Tenant fails to keep the Premises open for business during regular business hours for ten consecutive days while in monetary defaultMonetary Default. Any The grace periods set forth in this article shall not apply to the application of this presumption. In the event of an abandonment, Landlord shall have the right to immediately retake possession of the Premises without legal process.

Appears in 2 contracts

Samples: Office Building Lease (Willing Holding, Inc.), Office Building Lease (Bioheart, Inc.)

Presumption of Abandonment. It shall be conclusively presumed that Tenant has abandoned the Premises if Tenant fails to keep the Premises open for business during regular business hours for ten twenty (20) consecutive days while in monetary default. Any grace periods set forth in this article shall not apply to the application of this presumption.

Appears in 2 contracts

Samples: Lease Agreement (Protective Products of America, Inc.), Lease Agreement (Protective Products of America, Inc.)

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Presumption of Abandonment. It shall be conclusively presumed that Tenant has abandoned the Premises if Tenant fails to keep the Premises open for business during regular business hours for ten consecutive business days while in monetary default. Any grace periods set forth in this article shall not apply to the application of this presumption.

Appears in 1 contract

Samples: Lease Agreement (Lion Biotechnologies, Inc.)

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