Tenant’s Cure Rights Sample Clauses
The Tenant’s Cure Rights clause grants the tenant the opportunity to remedy, or "cure," a default or breach of the lease before the landlord can take further action, such as terminating the lease or pursuing legal remedies. Typically, this clause outlines a specific notice period during which the landlord must inform the tenant of the default, and provides a set timeframe for the tenant to correct the issue, such as paying overdue rent or addressing maintenance failures. By establishing a clear process for addressing defaults, this clause protects tenants from immediate penalties and gives them a fair chance to resolve problems, thereby reducing the risk of eviction or litigation due to minor or inadvertent breaches.
Tenant’s Cure Rights. If Landlord defaults in the performance of any of its obligations under this Lease, Tenant shall give written notice of such failure to Landlord, and Landlord shall have thirty (30) days to cure any such default, except to the extent such failure is of an emergency nature, in which event Landlord shall cure such default within a reasonable time under the circumstances; provided, however, that if the term, condition, covenant or obligation to be performed by Landlord is such that it cannot reasonably be performed within thirty (30) days, such default shall be deemed to have been cured if Landlord commences such performance within said thirty-day period and thereafter diligently undertakes to complete the same. Upon the occurrence of any such default, Tenant may ▇▇▇ for injunctive relief or to recover damages for any loss directly resulting from the breach, but Tenant shall not be entitled to terminate this Lease or withhold, offset or ▇▇▇▇▇ any sums due hereunder. As to Landlord's maintenance and repair obligations hereunder, if Landlord has not cured or commenced to cure a maintenance or repair default set forth in said notice from Tenant within the time period set forth above, Tenant may undertake all reasonable action to cure Landlord's failure of performance. If Tenant elects to cure said default, Tenant shall, prior to commencement of said work, provide to Landlord a specific description of the work to be performed by Tenant and the name of Tenant's contractor. Any materials used shall be of equal or better quality than currently exists in the Building and Tenant's contractor shall be adequately insured and of good reputation. Landlord agrees to reimburse Tenant on demand for all reasonable, third party out-of-pocket expenses incurred by Tenant in connection therewith, provided that Tenant delivers to Landlord adequate bills or other supporting evidence substantiating said cost. If Landlord does not reimburse Tenant or give Tenant notice of objection to such reimbursement within ninety (90) days following Tenant's demand as aforesaid, , Tenant shall have the right to set off said reimbursement from Tenant's Proportionate Share of CAM Charges payable by Tenant to Landlord hereunder.
Tenant’s Cure Rights. If Landlord shall default in the observance or performance of any of its obligations hereunder (other than a default in the payment of any amount due to Tenant from Landlord) and such default shall continue for a period of thirty (30) days after notice thereof from Tenant (or, if such observance or performance cannot be reasonably effected within such thirty (30) day period, Landlord has not in good faith commenced such observance or performance within such thirty (30) day period or does not thereafter prosecute the same with reasonable diligence to completion), then Tenant may (but shall not be obligated) immediately or at any time thereafter and without further notice perform the obligation of Landlord hereunder. If Tenant, in connection therewith, makes any expenditure or incurs any obligations for the payment of money (including, but not limited to, reasonable attorneys’ fees), then Landlord, within thirty (30) days after its receipt of a written demand therefor, shall reimburse Tenant all sums so paid or incurred, together with interest thereon at the Interest Rate from the date such sums were incurred until the date Landlord reimburses Tenant therefor.
Tenant’s Cure Rights. 12.6.1 If Landlord shall default in the performance of any of Landlord’s obligations under Sections 3.4.1, 6.5.2 or 6.5.4 of this Lease, Tenant, without thereby waiving such default, may (but shall not be obligated to) perform the same for the account and at the expense of Landlord if, in Tenant’s reasonable judgment, such default may adversely affect the Demised Premises or Tenant’s business or any tax lien or other lien resulting from Landlord’s Work or any other work attributable to Landlord may be recorded against the Demised Premises.
12.6.2 Landlord, upon demand, shall reimburse Tenant for any reasonable expenses incurred by Tenant (including reasonable attorneys’ fees) pursuant to, or in connection with, any performance by Tenant for the account of Landlord pursuant to Section 12.6.1 above, together, in either case, with interest thereon, at the Default Rate, from the date that such expenses were incurred by Tenant to the date that the same are reimbursed to Tenant by Landlord.
Tenant’s Cure Rights. (a) If Landlord shall default in performing its repair, maintenance or replacement obligations under Article 7 of this Lease or its compliance obligations under Articles 10 or 11 of this Lease, and such default shall continue for a period of thirty (30) days after written notice thereof by Tenant specifying such default and of Tenant's intention to cure the default pursuant to this Section 20.9 (a “