Common use of Right of Re-entry on Default Clause in Contracts

Right of Re-entry on Default. Provided and it is expressly agreed that: (a) if and whenever the Rent hereby reserved or other monies payable by the Tenant or any part thereof, whether lawfully demanded or not, are unpaid and the Tenant shall have failed to pay such Rent or other monies within five (5) Business Days after the Landlord shall have given to the Tenant notice requiring such payment; or (b) if the Tenant shall breach or fail to observe and perform any of the covenants, agreements, provisos, conditions, rules or regulations and other obligations on the part of the Tenant to be kept, observed or performed hereunder, and such breach or failure continues for a period of twenty (20) days (or such longer period as shall reasonably be necessary to cure the default or failure under the circumstances provided the Tenant is proceeding diligently to remedy same) after notice thereof by the Landlord to the Tenant; or (c) if the Landlord shall have become entitled to terminate this Lease or to re-enter the Premises pursuant to any provision hereof, then and in every such case it shall be lawful for the Landlord thereafter to enter into and upon the Premises or any part thereof in the name of the whole and the same to have again, repossess and enjoy as of its former estate, anything in this Lease contained to the contrary notwithstanding.

Appears in 4 contracts

Samples: Industrial Lease (Bway Corp), Industrial Lease (Bway Corp), Industrial Lease (Bway Corp)

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Right of Re-entry on Default. Provided and it is expressly agreed that: (a) that if ---------------------------- and whenever the Rent hereby reserved or other monies payable by the Tenant or any part thereof, whether lawfully demanded or not, are unpaid and the Tenant shall have failed to pay such Rent or other monies within five ten (510) Business Days business days after the Landlord shall have given to the Tenant notice requiring such payment; or (b) , or if the Tenant shall breach or fail to observe and perform any of the covenants, agreements, provisos, conditions, rules or regulations and other obligations on the part of the Tenant to be kept, observed or performed hereunder, and such breach or failure continues for a period of twenty (20) days (or such longer period as shall reasonably be necessary to cure the default or failure under the circumstances provided the Tenant is proceeding diligently to remedy same) after notice thereof by the Landlord to the Tenant; or (c) if the Landlord shall have become entitled to terminate this Lease or to re-enter the Premises Leased premises pursuant to any provision hereof, then and in every such case it shall be lawful for the Landlord thereafter to enter into and upon the Premises Leased premises or any part thereof in the name of the whole and the same to have again, repossess and enjoy as of its former estate, anything in this Lease contained to the contrary notwithstanding. The Landlord may use such force as it may deem necessary for the purpose of gaining admittance to and re- taking possession of the Leased premises and the Tenant hereby releases the Landlord from all actions, proceedings, claims and demands whatsoever for and in respect of any such forceable entry or any loss or damage in connection therewith.

Appears in 1 contract

Samples: Net Lease (Seagate Software Inc)

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Right of Re-entry on Default. Provided and it is expressly agreed that: (a) that if and whenever the Rent hereby reserved or other monies moneys payable by the Tenant or any part thereof, whether lawfully demanded or not, are unpaid and the Tenant shall will have failed to pay such Rent or other monies moneys within five FIFTEEN (515) Business Days days after the Landlord shall have has given to the Tenant written notice requiring such payment; or (b) or if the Tenant shall will materially breach or fail to observe and perform in a material way any of the covenants, agreements, provisos, conditions, rules rules, or regulations and other obligations on the part of the Tenant to be kept, observed or performed hereunder, hereunder and such breach or failure continues for THIRTY (30) days after the Landlord has given the Tenant written notice thereof (or, if any such breach or failure reasonably requires a longer period of twenty (20) days (time to remedy, if such breach or failure has not been remedied within such longer period as shall reasonably be necessary to cure the default or failure under the circumstances provided the Tenant is proceeding diligently to remedy same) after notice thereof by the Landlord to the Tenantperiod); or (c) if the Landlord shall have become entitled to terminate this Lease or to re-enter the Premises pursuant to any provision hereof, then and in every such case it shall will be lawful for the Landlord thereafter to enter into and upon the Premises or any part thereof in the name of the whole and the same to have again, repossess and enjoy as of its former estate, anything in this Lease contained to the contrary notwithstanding.

Appears in 1 contract

Samples: Lease Agreement

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