TERMINATION OF LEASE AND DEFAULTS OF TENANT. (a) Termination Upon Expiration or Upon Notice of Default. This Lease shall terminate upon expiration of the demised term; or of this lease expressly and in writing provided for any option or options, and if any such option is exercised by the Tenant, then this lease will terminate at the expiration of the option term or terms. Upon default in payment of rental herein or upon any other default by Tenant in accordance with the terms and provision of this lease, this lease may at the option of the Landlord be cancelled and forfeited, PROVIDED, HOWEVER, before any such cancellation and forfeited except as provided herein, Landlord shall give Tenant a written notice specifying the default, or defaults, and stating that this lease will be cancelled and forfeited thirty (30) days after the giving of such notice, unless such default, or defaults are remedied within such grace period. As an additional optional procedure or as an alternative to the foregoing (and neither exclusive of the other) Landlord may proceed as in paragraph 19, below, provides. (b) In (a) above, waiver as to any default shall not constitute a waiver of any subsequent default or defaults.
Appears in 1 contract
Samples: Lease Agreement
TERMINATION OF LEASE AND DEFAULTS OF TENANT. (a) Termination Upon Expiration or Upon Notice of DefaultTERMINATION UPON EXPIRATION OR UPON NOTICE OF DEFAULTS. This Lease lease shall terminate upon expiration of the demised term; , or of if this lease expressly and in writing provided provides for any option or options, and if any such option is exercised by the Tenant, then this lease will terminate at the expiration of the option term or terms. Upon default in payment of rental herein or upon any other default by Tenant in accordance with the terms and provision of this lease, this lease may at the option of the Landlord be cancelled and forfeited, . PROVIDED, HOWEVER, before any such cancellation and forfeited forfeiture except as provided hereinin 15(b) below, Landlord shall give Tenant a written notice specifying the default, or defaults, defaults and stating that this lease will be cancelled and forfeited thirty ten (3010) days after the giving of such notice, unless such defaultdefault , or defaults are remedied within such grace period. (See paragraph 22, below) As an additional optional procedure or as an alternative to the foregoing (and neither exclusive of the other) Landlord may proceed as in paragraph 19, 21 below, providesprovided.
(b) In (a) above, waiver as to any default shall not constitute a waiver of any subsequent default or defaults.
Appears in 1 contract
TERMINATION OF LEASE AND DEFAULTS OF TENANT. (a) Termination Upon Expiration or Upon Notice of Default. This Lease shall terminate upon expiration of the demised term; or of this lease expressly and in writing provided for any option or options, and if any such option is exercised by the Tenant, then this lease will terminate at the expiration of the option term or terms. Upon default in payment of rental herein or upon any other default by Tenant in accordance with the terms and provision of this lease, this lease may at the option of the Landlord be cancelled and forfeited, PROVIDED, HOWEVER, before any such cancellation and forfeited except as provided herein, Landlord shall give Tenant a written notice specifying the default, or defaults, and stating that this lease will be cancelled and forfeited thirty (30) days after the giving of such notice, unless such default, or defaults defaults, are remedied within such grace period. As an additional optional procedure or as an alternative to the foregoing (and neither exclusive of the other) Landlord may proceed as in paragraph 19, below, providesprovided.
(b) In (a) above, waiver as to any default shall not constitute a waiver of any subsequent default or defaults.
Appears in 1 contract
Samples: Lease Agreement
TERMINATION OF LEASE AND DEFAULTS OF TENANT. (a) Termination Upon Expiration or Upon Notice of DefaultTERMINATION UPON EXPIRATION OR UPON NOTICE OF DEFAULTS. This Lease shall terminate upon expiration of the demised term; or of if this lease Lease expressly and in writing provided provides for any option or options, and if any such option is exercised by the TenantTENANT, then this lease Lease will terminate at the expiration of the option term or terms. Upon default in payment of rental herein or upon any other default by Tenant TENANT in accordance with the terms and provision provisions of this leaseLease, this lease Lease may at the option of the Landlord LANDLORD be cancelled and forfeited, PROVIDED, HOWEVER, before any such cancellation and forfeited forfeiture except as provided hereinin 15 (b) below, Landlord LANDLORD shall give Tenant TENANT a written notice specifying the default, or defaults, and stating that this lease Lease will be cancelled canceled and forfeited thirty ten (3010) days after the giving of such notice, unless such default, or defaults defaults, are remedied within such grace period. (See Paragraph 16, below.) As an additional optional procedure or as an alternative to the foregoing (and neither exclusive of the other) Landlord ), LANDLORD may proceed as in paragraph 19Paragraph 16, below, providesprovided.
(b) In (a) above, waiver as to any default shall not constitute a waiver of any subsequent default or defaults.
Appears in 1 contract
Samples: Commercial Lease (Cardio Diagnostics Holdings, Inc.)
TERMINATION OF LEASE AND DEFAULTS OF TENANT. (a) Termination Upon Expiration or Upon Notice of DefaultTERMINATION UPON EXPIRATION OR UPON NOTICE OF DEFAULTS. This Lease lease shall terminate upon expiration of the demised term; , or of if this lease expressly and in writing provided provides for any option or options, and if any such option is exercised by the Tenant, then this lease will terminate at the expiration of the option term or terms. Upon default in payment of rental herein or upon any other default by Tenant in accordance with the terms and provision of this lease, this lease may at the option of the Landlord be cancelled and forfeited, . PROVIDED, HOWEVER, before any such cancellation and forfeited forfeiture except as provided hereinin 15(b) below, Landlord shall give Tenant a written notice specifying the default, or defaults, defaults and stating that this lease will be cancelled and forfeited thirty ten (3010) ten days after the giving of such notice, unless such defaultdefault , or defaults are remedied within such grace period. (See paragraph 22, below) As an additional optional procedure or as an alternative to the foregoing (and neither exclusive of the other) Landlord may proceed as in paragraph 19, 21 below, providesprovided.
(b) In (a) above, waiver as to any default shall not constitute a waiver of any subsequent default or defaults.
Appears in 1 contract
TERMINATION OF LEASE AND DEFAULTS OF TENANT. (a) Termination Upon Expiration or Upon Notice of DefaultTERMINATION UPON EXPIRATION OR UPON NOTICE OF DEFAULTS. This Lease lease shall terminate upon expiration of the demised term; or of if this lease expressly and in writing provided provides for any option or options, and if any such option is exercised by the Tenant, then this lease will terminate at the expiration of the option term or terms. Upon default in payment of rental herein or upon any other default by Tenant in accordance with the terms and provision provisions of this lease, this lease may at the option of the Landlord be cancelled and forfeited, PROVIDED, HOWEVER, before any such cancellation and forfeited forfeiture except as provided hereinin 15(b) below, Landlord shall give Tenant a written notice specifying the default, or defaults, and stating that this lease will be cancelled and forfeited thirty (30) days after the giving of such notice, unless such default, or defaults defaults, are remedied within such grace period. (See paragraph 22, below.) As an additional optional procedure or as an alternative to the foregoing (and neither exclusive of the other) Landlord may proceed as in paragraph 1921, below, providesprovided.
(b) In (a) above, waiver as to any default shall not constitute a waiver of any subsequent default or defaults.
Appears in 1 contract
Samples: Lease Agreement (McLeod Inc)