Common use of TENANT'S Right to cure LANDLORD'S Default Clause in Contracts

TENANT'S Right to cure LANDLORD'S Default. Landlord shall be in default of this Lease if it fails or refuses to perform any provision of this Lease that it is obligated to perform if the failure to perform is not cured within thirty (30) days after notice of the default has been given by Tenant to Landlord. If the default cannot reasonably be cured within thirty days, Landlord shall not be in default of this Lease if Landlord commences to cure the default within the thirty day period and diligently and in good faith continues to cure the default. Tenant, at any time after Landlord commits a default, can cure the default at Landlord's cost. If Tenant, at any time, by reason of Landlord's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Tenant shall be due immediately from Landlord to Tenant at the time the sum is paid, and if paid at a later date shall bear interest at the rate of twelve percent (12%) per annum from the date the sum is paid by Tenant until Tenant is reimbursed by Landlord. Tenant shall have the right to withhold from future rent due any sums Tenant has paid.

Appears in 2 contracts

Samples: Lease Agreement (MKS Instruments Inc), Lease Agreement (MKS Instruments Inc)

AutoNDA by SimpleDocs

TENANT'S Right to cure LANDLORD'S Default. Landlord shall be in default of this Lease if it fails or refuses to perform any provision of this Lease that it is obligated to perform if the failure to perform is not cured within thirty (30) days after notice of the default has been given by Tenant to Landlord. If the default cannot reasonably be cured within thirty days, Landlord shall not be in default of this Lease if Landlord commences to cure the default within the thirty day period and diligently and in good faith continues to cure the default. Tenant, at any time after Landlord commits a default, can cure the default at Landlord's cost. If Tenant, at any time, by reason of Landlord's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Tenant shall be due immediately from Landlord to Tenant at the time the sum is paid, and if paid at a later date shall bear interest at the rate of twelve eighteen percent (1218%) per annum from the date the sum is paid by Tenant until Tenant is reimbursed by Landlord. Tenant shall have the no right to withhold from future rent due any sums Tenant has paid.

Appears in 1 contract

Samples: Lease Agreement (Esoft Inc)

TENANT'S Right to cure LANDLORD'S Default. Landlord shall be in default of this Lease if it fails or refuses to perform any provision of this Lease that it is obligated to perform if the failure to perform is not cured within thirty (30) 15 days after notice of the default has been given by Tenant to Landlord. If the default cannot reasonably be cured within thirty 15 days, Landlord shall not be in default of this Lease if Landlord commences to cure the default within the thirty 15 day period and diligently and in good faith continues to cure the default. Tenant, at any time after Landlord commits a default, can may cure the default at Landlord's ’s cost. If Tenant, Tenant at any time, by reason of Landlord's ’s default, pays any sum or does any act that requires the payment of any sum, the sum paid by Tenant shall be due immediately from Landlord to Tenant at the time the sum is paid, and if paid at a later date shall bear interest at the rate of twelve percent (12%) 8% per annum from the date the sum is paid by Tenant until Tenant is reimbursed by Landlord. Tenant shall have the right to withhold from future rent due any sums Tenant has paid.

Appears in 1 contract

Samples: Purchase Agreement (Colonial Downs, LLC)

AutoNDA by SimpleDocs

TENANT'S Right to cure LANDLORD'S Default. Landlord shall be in default of this Lease if it fails or refuses to perform any provision of this Lease that it is obligated to perform if the failure to perform is not cured within thirty (30) days after notice of the default has been given by Tenant to Landlord. If the default cannot reasonably be cured within thirty days, Landlord shall not be in default of this Lease if Landlord commences to cure the default within the thirty day period and diligently and in good faith continues to cure the default. Tenant, at any time after Landlord commits a default, can cure the default at Landlord's cost. If Tenant, at any time, by reason of Landlord's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Tenant shall be due immediately from Landlord to Tenant at the time the sum is paid, and if paid at a later date shall bear interest at the rate of twelve percent (12%) per annum from the date the sum is paid by Tenant until Tenant is reimbursed by Landlord. Tenant shall have the no right to withhold from future rent due any sums Tenant has paid.

Appears in 1 contract

Samples: Lease Agreement (MKS Instruments Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.