Common use of Tenant’s Lease Default Clause in Contracts

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the Lease, if an event of default by Tenant of this Tenant Work Letter or as described in Section 19.1 Lease has occurred at any time on or before the substantial completion of the Tenant Improvements and remains after the expiration of applicable notice and cure periods, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, at law and/or in equity, Landlord shall have the right to withhold payment of all or any portion of the Allowances and/or Landlord may cause Contractor to cease the construction of the Tenant Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion of the Premises caused by such work stoppage), and (ii) all other obligations of Landlord under the terms of this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Lease (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements caused by such inaction by Landlord).

Appears in 2 contracts

Samples: Sublease (CARGO Therapeutics, Inc.), Sublease (CARGO Therapeutics, Inc.)

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Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the LeaseLease or this Tenant Work Letter, if an event of default any Default by Tenant of under the Lease or this Tenant Work Letter or as described in Section 19.1 Lease has occurred occurs at any time on or before the substantial completion of the Tenant Improvements and remains after the expiration of applicable notice and cure periodsImprovements, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, at law and/or in equity, Landlord shall have the right to withhold payment of all or any portion of the Allowances Tenant Improvement Allowance and/or Landlord may may, without any liability whatsoever, cause Contractor to cease the cessation of construction of the Tenant Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion of the Premises caused by such work stoppageTenant Improvements and any costs occasioned thereby), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Lease (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements caused by such inaction by Landlord)Lease.

Appears in 2 contracts

Samples: Sublease Agreement (Oportun Financial Corp), Sublease Agreement (Oportun Financial Corp)

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the LeaseLease or this Work Letter, if an event of any default (beyond any applicable notice and cure periods) by Tenant of under the Lease or this Tenant Work Letter or as described in Section 19.1 Lease has occurred (including, without limitation, any failure by Tenant to fund any portion of the Over-Allowance Amount) occurs at any time on or before the substantial completion of the Tenant Improvements and remains after the expiration of applicable notice and cure periodsImprovements, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, at law and/or in equity, Landlord shall have the right to withhold payment of all or any portion of the Allowances Improvement Allowance and/or Landlord may may, without any liability whatsoever, cause Contractor to cease the cessation of construction of the Tenant Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion of the Premises caused by such work stoppageImprovements and any costs occasioned thereby), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Lease (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements caused by such inaction by Landlord)this Lease.

Appears in 2 contracts

Samples: Office Lease (Bridgepoint Education Inc), Office Lease (Bridgepoint Education Inc)

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the this Lease, if an event of default by Tenant of as described in the Lease or this Tenant Work Letter or as described in Section 19.1 Lease has occurred at any time on or before the substantial completion Substantial Completion of the Tenant Improvements Premises, which default is not cured after Tenant’s receipt of written notice and remains after the expiration of any applicable notice and cure periodsperiod, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the this Lease, at law and/or in equity, Landlord shall have the right to withhold payment of all or any portion of the Allowances Tenant Improvement Allowance and/or Landlord may cause Contractor to cease the construction of the Tenant Improvements Premises (in which case, Tenant shall be responsible for any delay in the substantial completion of the Premises caused by such work stoppage), and (ii) all other obligations of Landlord under the terms of this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the this Lease (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements Premises caused by such inaction by Landlord).

Appears in 2 contracts

Samples: Office Lease (Yelp Inc), Office Lease (Yelp Inc)

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the LeaseLease or this Tenant Work Letter, if an event of default any Default by Tenant of under the Lease or this Tenant Work Letter or as described in Section 19.1 Lease has occurred occurs at any time on or before the substantial completion of the Tenant Improvements and remains after the expiration of applicable notice and cure periodsImprovements, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, at law and/or in equity, Landlord shall have the right to withhold payment of all or any portion of the Allowances Tenant Improvement Allowance and/or Landlord may may, without any liability whatsoever, cause Contractor to cease the cessation of construction of the Tenant Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion of the Premises caused by such work stoppageTenant Improvements and any costs occasioned thereby), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Lease. EXHIBIT B-9- TWO CIRCLE STAR WAY(Single-Tenant Lease (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements caused by such inaction by Landlord).Form)[Rovi Corporation]

Appears in 1 contract

Samples: Rovi Corp

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Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the LeaseLease or this Work Letter, if an event of any default by Tenant of under the Lease or this Tenant Work Letter or as described in Section 19.1 Lease has occurred (including, without limitation, any failure by Tenant to fund any portion of the Over-Allowance Amount) occurs at any time on or before the substantial completion of the Tenant Improvements and remains after the expiration of applicable notice and cure periodsImprovements, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, at law and/or in equity, Landlord shall have the right to withhold payment of all or any portion of the Allowances Improvement Allowance and/or Landlord may may, without any liability whatsoever, cause Contractor to cease the cessation of construction of the Tenant Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion of the Premises caused by such work stoppageImprovements and any costs occasioned thereby), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Lease (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements caused by such inaction by Landlord)Lease.

Appears in 1 contract

Samples: Office Lease (Roka BioScience, Inc.)

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the LeaseLease or this Work Letter, if an event of any default by Tenant of under the Lease or this Tenant Work Letter or as described in Section 19.1 Lease has occurred (including, without limitation, any failure by Tenant to fund any portion of the Over-Allowance Amount) occurs at any time on or before the substantial completion Substantial Completion of the Tenant Improvements and remains after the expiration of applicable notice and cure periodsImprovements, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, at law and/or in equity, Landlord shall have the right to withhold payment of all or any portion of the Allowances Improvement Allowance and/or Landlord may may, without any liability whatsoever, cause Contractor to cease the cessation of construction of the Tenant Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion Substantial Completion of the Premises caused by such work stoppageImprovements and any costs occasioned thereby), and (ii) all other obligations of Landlord under the terms of the Lease and this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Lease (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements caused by such inaction by Landlord)this Lease.

Appears in 1 contract

Samples: Office Lease (Volcano Corp)

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the Lease, if an event of default by Tenant of this Tenant Work Letter or the Lease (as described in Section 19.1 Lease modified by the Fourth Amendment) has occurred at any time on or before the substantial completion of the Tenant Improvements and remains after the expiration of applicable notice and cure periodsSuite 1100 Expansion Space, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, at law and/or in equity, Landlord shall have the right to withhold payment of all or any portion of the Allowances Suite 1100 Tenant Improvement Allowance and/or Landlord may cause Contractor to cease the construction of the Tenant Improvements Suite 1100 Expansion Space (in which case, Tenant shall be responsible for any delay in the substantial completion of the Premises Suite 1100 Expansion Space caused by such work stoppage), and (ii) all other obligations of Landlord under the terms of this Tenant Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Lease (in which case, Tenant shall be responsible for any delay in the substantial completion of the Tenant Improvements Suite 1100 Expansion Space caused by such inaction by Landlord).

Appears in 1 contract

Samples: Rocket Companies, Inc.

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