Common use of Tenant Receives Notice of Landlord Default Clause in Contracts

Tenant Receives Notice of Landlord Default. In the event Tenant receives notice from Ground Lessor that an “Event of Default” has occurred under the terms of the Ground Lease, Tenant shall thereafter be obligated to pay all Base Rent, Additional Rent and all other sums due hereunder to Ground Lessor or as Ground Lessor may direct.

Appears in 3 contracts

Samples: Lease Agreement (Monte Rosa Therapeutics, Inc.), Lease Agreement (Monte Rosa Therapeutics, Inc.), Lease Agreement (Ikena Oncology, Inc.)

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Tenant Receives Notice of Landlord Default. In the event Tenant receives notice from Ground Lessor Massport that an “Event of Default” has occurred under the terms of the Ground Lease, Tenant shall thereafter be obligated to pay all Base Fixed Rent, Additional Rent and all other sums due hereunder to Ground Lessor Massport or as Ground Lessor Massport may directdirect in full satisfaction of Tenant’s rental obligations under this Lease.

Appears in 2 contracts

Samples: Lease (Akouos, Inc.), Lease (Akouos, Inc.)

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