Common use of Right of Landlord to Cure Defaults Clause in Contracts

Right of Landlord to Cure Defaults. If Tenant defaults under this Lease, Landlord may cure the default, at Tenant’s expense, immediately and without notice if Landlord believes the default creates a risk of damage to persons, property or the interests of others, or in any other case only upon Tenant’s failure to remedy such default within the applicable cure period, if any. Tenant shall reimburse Landlord for any costs of the cure with interest at the Default Rate.

Appears in 4 contracts

Samples: Sublease Agreement (ArcherDX, Inc.), Office Lease (ArcherDX, Inc.), Office Lease (ArcherDX, Inc.)

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Right of Landlord to Cure Defaults. If Tenant defaults under this Lease, Landlord may cure the default, at Tenant’s expense, (i) immediately and without notice if Landlord believes the default creates a risk of damage to persons, property or the interests of others, or (ii) in any other case only upon Tenant’s failure to remedy such default within the applicable cure period, if any. Tenant shall reimburse Landlord for any costs of the cure with interest at the Default Rate.

Appears in 2 contracts

Samples: Office Lease (Seagen Inc.), Office Lease (Seattle Genetics Inc /Wa)

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Right of Landlord to Cure Defaults. If Tenant defaults under this Lease, Landlord may cure the default, at Tenant’s expense, immediately and without notice if Landlord believes the default creates a risk of damage to persons, property or the interests of others, or in any other case only upon Tenant’s failure to remedy such default within the applicable cure period, if any. Tenant shall reimburse Landlord for any costs of the cure with interest at the Default RateRate (defined in Section 14.8).

Appears in 2 contracts

Samples: Office Lease (Bsquare Corp /Wa), Office Lease

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