Common use of Repeated Default Clause in Contracts

Repeated Default. (a) Notwithstanding anything to the contrary set forth in this Lease, if Tenant shall be in default in the timely payment of any Fixed Minimum Rent, Percentage Rent or any Additional Charges due Landlord from Tenant or the payment of any other money due Landlord from Tenant under the terms of this Lease, and any such default shall be repeated four (4) times in any period of twelve (12) consecutive months, then, notwithstanding that such default may have been cured within the period provided in this Lease, but only if Tenant was notified of each such prior default, any further similar default within said twelve (12) month period shall be deemed to be a Repeated Event of Default. (b) In the event of a Repeated Event of Default, Landlord, without giving Tenant any notice and without affording Tenant an opportunity to cure the default may terminate this Lease forthwith without notice to Tenant.

Appears in 1 contract

Samples: Lease Agreement (Play Co Toys & Entertainment Corp)

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Repeated Default. (a) Notwithstanding anything to the contrary set forth in this Lease, if Tenant shall be in default in the timely payment of any Fixed Minimum Rent, Percentage Rent or any Additional Charges Rents due Landlord from Tenant or the payment of any other money due Landlord from Tenant under the terms of this Lease, or in the timely reporting of Gross Revenue as required by Section 11.5 of this Lease and any such default shall be repeated four two (42) times in any period of twelve (12) consecutive months, then, notwithstanding that such default may shall have been cured within the period after notice, as provided in this Lease, but only if Tenant was notified of each such prior default, any further similar default within said twelve (12) month period shall be deemed to be a "Repeated Event of Default." (b) In the event of a Repeated Event of Default, Landlord, without giving Tenant any notice and without affording Tenant an opportunity to cure the default such Repeated Event of Default may terminate this Lease forthwith without on notice to Tenant.

Appears in 1 contract

Samples: Lease Agreement (Movado Group Inc)

Repeated Default. (a) Notwithstanding anything to the contrary set forth in this Lease, if Tenant shall be in default in there is an Event of Default with respect to the timely payment of any Fixed Minimum Rent, Percentage Rent or any Additional Charges Rents due Landlord from Tenant or the payment of any other money due Landlord from Tenant under the terms of this Lease, or in the timely reporting of Gross Revenue as required by Section 11.5 of this Lease and any such default Event of Default shall be repeated four two (42) times in any period of twelve (12) consecutive months, then, notwithstanding that such default may Event of Default shall have been cured within the period provided in this Lease, but only if Tenant was notified of each such prior defaultcured, any further similar default Event of Default within said twelve (12) month period shall be deemed to be a Repeated Event of Default. (b) In the event of a Repeated Event of Default, Landlord, without giving Tenant any notice and without affording Tenant an opportunity to cure the default such Repeated Event of Default, may terminate this Lease forthwith without by notice to TenantTenant given within thirty (30) days of such Repeated Event of Default.

Appears in 1 contract

Samples: Lease (Impossible Kicks Holding Company, Inc.)

Repeated Default. (a) Notwithstanding anything to the contrary set forth in this Lease, if Tenant shall be in default in the timely payment of any Fixed Minimum Rent, Percentage Rent or any Additional Charges Rents due Landlord from Tenant or the payment of any other money due Landlord from Tenant under the terms of this Lease, or in the timely reporting of Gross Revenue as required by Section 11.5 of this Lease and any such default shall be repeated four two (42) times in any period of twelve (12) consecutive months, then, notwithstanding that such default may shall have been cured within the period after notice, as provided in this Lease, but only if Tenant was notified of each such prior default, any further similar default within said twelve (12) month period shall be deemed to be a "Repeated Event of Default". (b) In the event of a Repeated Event of Default, Landlord, without giving Tenant any notice and without affording Tenant an opportunity to cure the default may terminate this Lease forthwith without notice to Tenant, any such notice to quit or of Landlord's intention to re-enter being hereby expressly waived.

Appears in 1 contract

Samples: Deed of Lease (Ciao Cucina Corp)

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Repeated Default. (a) Notwithstanding anything to the contrary set forth in this Lease, if (i) Tenant shall be in default in the timely payment of any Fixed Minimum Rent, Percentage Rent or any Additional Charges Rents due Landlord from Tenant or the payment of any other money due Landlord from Tenant under the terms of this Lease, and or in the timely reporting of Gross Revenue as required by Section 11.5 of this Lease, (ii) any such default shall be repeated four three (43) times in any period of twelve (12) consecutive months, and (iii) Landlord shall have notified Tenant of each such default, then, notwithstanding that such default may shall have been cured within the period after notice, as provided in this Lease, but only if Tenant was notified of each such prior default, any further similar default within said twelve (12) month period shall be deemed to be a "Repeated Event of Default." (b) In the event of a Repeated Event of Default, Landlord, without giving Tenant any notice and without affording Tenant an opportunity to cure the default may terminate this Lease forthwith without notice to Tenant.

Appears in 1 contract

Samples: Lease Agreement (Play Co Toys & Entertainment Corp)

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