Common use of Tenant’s Lease Default Clause in Contracts

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in this Lease, if an event of default as described in Section 19.1 of this Lease has occurred at any time on or before the Substantial Completion of the Tenant Improvements, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, Landlord may cause Contractor to cease the construction of the Premises (in which case, Tenant shall be responsible for any delay in the Substantial Completion of the Premises caused by such work stoppage as set forth in Section 5.3 of this Tenant Work Letter), 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.

Appears in 4 contracts

Samples: Office Lease (Peregrine Systems Inc), Lease Option Agreement (Peregrine Systems Inc), Office Lease (Peregrine Systems Inc)

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Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in this Lease, if an event of default as described in Section 19.1 of the Lease, or a default by Tenant under this Lease Tenant Work Letter, has occurred at any time on or before the Substantial Completion of the Tenant ImprovementsPremises, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, Landlord may shall have the right to cause Contractor to cease the construction of the Premises (in which case, Tenant shall be responsible for any delay in the Substantial Completion of the Premises caused by such work stoppage as set forth in Section 5.3 5 of this Tenant Work Letter), 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.

Appears in 4 contracts

Samples: Lease (Catasys, Inc.), Lease (Inhibrx, Inc.), Office Lease (KAYAK SOFTWARE Corp)

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in this Lease, if an event Event of default Default (as described defined in Section 19.1 16A of this Lease has occurred the Lease) at any time on or before the Substantial Completion of the Tenant ImprovementsPremises, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the this Lease, Landlord may cause Contractor the Contractors to cease the construction of the Premises Lease Improvements and Tenant Improvements (in which case, case Tenant shall be responsible for any delay in the Substantial Completion of the Premises caused by such work stoppage as set forth in Section 5.3 4.2 of this Tenant Work Letter), and (ii) all other obligations of Landlord under the terms of this Tenant Work Letter shall be forgiven suspended until such time as such default Event of Default is cured pursuant to the terms of the this Lease.

Appears in 1 contract

Samples: Lease (Heat Biologics, Inc.)

Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in this the Lease, if an event Event of default Default (as described defined in Section 19.1 15A of this Lease has occurred the Lease) at any time on or before the Substantial Completion of the Tenant ImprovementsPremises, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, Landlord may cause Contractor the Contractors to cease the construction of the Premises Lease Improvements and Tenant Improvements (in which case, case Tenant shall be responsible for any delay in the Substantial Completion of the Premises caused by such work stoppage as set forth in Section 5.3 4.2 of this Tenant Work Letter), and (ii) all other obligations of Landlord under the terms of this Tenant Work Letter shall be forgiven suspended until such time as such default Event of Default is cured pursuant to the terms of the Lease.

Appears in 1 contract

Samples: Construction Contract (NightHawk Biosciences, Inc.)

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Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in this is Lease, if an event of default as described in Section 19.1 of this Lease has occurred at any time on or before the Substantial Completion of the Tenant Improvements, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, Landlord may cause Contractor to cease the construction of the Premises (in which case, Tenant shall be responsible for any delay in the Substantial Completion of the Premises caused by such work stoppage as set forth in Section 5.3 of this Tenant Work Letter), 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.

Appears in 1 contract

Samples: Office Lease (Peregrine Systems Inc)

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