Common use of Tenant’s Failure to Perform Clause in Contracts

Tenant’s Failure to Perform. If Tenant fails to perform any of its obligations hereunder, and such failure shall continue following the giving of any required notice, and the expiration of any applicable cure and/or grace period, in addition to the other rights of Landlord, Landlord shall have the right, but not the obligation, to perform all or any part of Tenant’s obligations. Upon receipt of a demand therefor, Tenant shall reimburse Landlord for the actual cost of performing such obligations, plus interest thereon at the Default Rate, defined below.

Tenant’s Failure to Perform. If Tenant fails to perform any of its obligations hereunder, hereunder after notice and such failure shall continue following the giving of any required notice, and the expiration of any applicable cure and/or grace period, in addition to the other rights of Landlord, Landlord shall have the right, but not the obligation, to perform all or any part of Tenant’s obligations. Upon receipt of a demand therefor, Tenant shall reimburse Landlord for the actual cost of performing such obligations, plus interest thereon at the Default Rate, defined below.