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 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, (ii) any such default shall be repeated three (3) 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 shall have been cured within the period after notice, as provided in this Lease, 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)
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 Rents 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, or in the timely reporting of Gross Revenue as required by Section 11.5 of this Lease, (ii) and any such default shall be repeated three four (34) 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 shall may 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)
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 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, (ii) Lease and any such default shall be repeated three two (32) 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 shall have been cured within the period after notice, as provided in this Lease, 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)
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 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, (ii) Lease and any such default shall be repeated three two (32) 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 shall have been cured within the period after notice, as provided in this Lease, 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)