Sublandlord’s Right to Cure Sample Clauses

Sublandlord’s Right to Cure. If Sublandlord breaches any of its obligations under this Sublease, Subtenant shall notify Sublandlord in writing and shall take no action respecting such breach so long as Sublandlord promptly begins to cure the breach and diligently pursues such cure to its completion. Sublandlord may cure any default by Subtenant; any expenses incurred shall become Additional Rent due from Subtenant on demand by Sublandlord.
AutoNDA by SimpleDocs
Sublandlord’s Right to Cure. If Subtenant shall fail to perform any act on its part to be performed hereunder, Sublandlord may (but shall not be obligated so to do) after giving written notice to Subtenant perform such act without waiving or releasing Subtenant from any of its obligations relative thereto. All sums paid or costs incurred by Sublandlord in so performing such acts under this Section 12.2, together with reasonable attorneysfees and interest at the rate set forth in the Prime Lease, from the date each such payment was made or such cost incurred by Sublandlord, shall be payable by Subtenant to Sublandlord on demand.
Sublandlord’s Right to Cure. If Subtenant defaults pursuant to any of the provisions of this Sublease, and Subtenant has not begun to cure such default within five (5) days after written notice thereof to Subtenant (except in the case of what Sublandlord reasonably believes to be an emergency situation in which case no such prior notice need be given, but Sublandlord shall give notice to Subtenant as promptly as possible under the circumstances), Sublandlord may, in addition to any other remedy provided in this Sublease, by law or otherwise, cure such default and Subtenant shall pay the cost thereof, together with interest thereon from the date incurred until paid at the Interest Rate, within twenty (20) days following written demand therefore. In the event Subtenant fails to pay the same, Sublandlord may recover such costs, including interest, as Sublease Additional Rent, by utilizing the Security and/or in an action brought against Subtenant, in addition to any other applicable right or remedy Sublandlord. “Interest Rate” means the prime interest rate for short term (90 day) unsecured loans as published from time to time by the Wall Street Journal, Eastern Edition, plus five percent (5%). If, however, payment of interest at such rate by Subtenant should be unlawful, i.e., in violation of usury statutes or otherwise, then “Interest Rate” means the maximum lawful rate payable by such party.
Sublandlord’s Right to Cure. If Subtenant fails beyond applicable grace, notice and cure periods to perform any of its obligations hereunder in accordance with the terms hereof, then, after notice to Subtenant (except in case of emergency), Sublandlord may (but shall not be obligated to) cure such failure for the account of and at the expense of Subtenant, and the amount of any costs, payments or expenses incurred by Sublandlord in connection with such cure (including reasonable counsel fees) shall be payable by Subtenant to Sublandlord as Additional Rent on demand.
Sublandlord’s Right to Cure. Without limiting the generality of the foregoing, if SUBTENANT shall be in default in the performance of any of its obligations hereunder, SUBLANDLORD, without being required to give SUBTENANT any notice or opportunity to cure, may (but shall not be obligated to do so), in addition to any other rights it may have in law or in equity, cure such default on behalf of SUBTENANT, and SUBTENANT shall reimburse SUBLANDLORD upon demand for any sums paid or costs incurred by SUBLANDLORD in curing such default, including reasonable attorneys’ fees and other legal expenses, together with interest at 10% per annum Rate from the dates of SUBLANDLORD’s incurring of costs or expenses. SUBTENANT further waives the right to any notices to quit as may be specified in the SUBLANDLORD and SUBTENANT Act of Pennsylvania, Act of April 6, 1951, as amended, or any similar or successor provision of law, and agrees that five (5) days notice shall be sufficient in any case where a longer period may be statutorily specified.
Sublandlord’s Right to Cure. It is expressly noted, acknowledged and confirmed by Subtenant that a breach, default or failure to observe, perform or otherwise comply with all or any of the terms, obligations, covenants, conditions, rules and regulations in this Sublease on Subtenant’s part to be observed, performed or complied with shall be and be deemed to be a violation by Subtenant of a substantial and material obligation of the tenancy created by this Sublease entitling Sublandlord to pursue any and all rights, remedies and privileges provided under this Sublease, at law, in equity or otherwise, including, without limitation, the right to immediately terminate said tenancy and recover possession of the Sublet Premises and/or to seek injunctive relief. Further, Sublandlord, as landlord, shall have all of the rights, privileges and remedies with respect to a default under this Sublease by Subtenant as Landlord, as landlord, has with respect to a default by Sublandlord, as tenant, under the Lease, with the same force and effect as if such rights, privileges and remedies were fully set forth herein at length, and Sublandlord shall have, with respect to Subtenant, this Sublease and the Sublet Premises, all of the rights, powers, privileges, immunities and remedies as are reserved by or granted to Landlord under the Lease as if the same were fully set forth herein at length; such rights, powers, privileges, immunities and remedies shall be in addition to all of those available to Sublandlord at law, in equity and otherwise. Subtenant hereby waives each and every right waived by Sublandlord, as tenant, under the Lease. Sublandlord shall not be responsible for any breach of the Lease by Landlord nor for any nonperformance or noncompliance with any provision thereof by Landlord regardless of the alleged cause thereof. In the event of any inconsistencies between or among provisions of this Sublease and the Lease, the terms of this Sublease shall govern.
Sublandlord’s Right to Cure. If the Subtenant is in default of its obligations under this Sublease, Sublandlord may (but shall not be obligated to) cure the default and Subtenant shall forthwith pay to Sublandlord, as additional rent, a sum of money equal to all amounts expended by Sublandlord in curing such default together with interest at the Default Interest Rate (as hereinafter defined). ​
AutoNDA by SimpleDocs
Sublandlord’s Right to Cure. If Subtenant fails to perform any of its obligations hereunder or required under the Base Lease to be performed by the lessee thereunder, Sublandlord, at its option, may (but shall not be required to) do the same or cause the same to be done. In addition to any and all rights and remedies of Sublandlord, the cost incurred by Sublandlord in connection with such performance by Sublandlord shall be additional rental due from Subtenant to Sublandlord, together with interest thereon at the rate of the lesser of eighteen percent (18%) per annum or the highest contract rate permitted by law.
Sublandlord’s Right to Cure. If Subtenant fails to perform any of its obligations hereunder in accordance with the terms hereof, then, after notice to Subtenant (except in case of emergency) and (i) if Sublandlord has received a notice of default from Rewards Network or Overlandlord on account of such Subtenant’s failure (or if such default does not require a notice from Rewards Network or Overlandlord), without awaiting the lapse of any cure period that may be provided for herein for defaults and (ii) if Rewards Network or Overlandlord has not sent any notice of default, following the period of ten (10) days following such notice, Sublandlord may (but shall not be obligated to) cure such failure for the account of and at the expense of Subtenant, and the amount of any costs, payments or expenses incurred by Sublandlord in connection with such cure (including reasonable counsel fees) shall be payable by Subtenant to Sublandlord as additional rent on demand.
Sublandlord’s Right to Cure. If (1) Subtenant shall fail to perform any of its obligations hereunder and such failure shall continue beyond any cure period provided for herein, or (2) Master Landlord shall give any notice of failure or default under the Master Lease arising out of any failure by Subtenant to perform any of its obligations hereunder then, in either case, Sublandlord shall have the right (but not the obligation) to perform or endeavor to perform such obligation, at Subtenant's expense, and Subtenant shall, within ten (10) days of Sublandlord's demands from time to time, reimburse Sublandlord for all reasonable costs and reasonable expenses incurred by Sublandlord in doing so.
Time is Money Join Law Insider Premium to draft better contracts faster.