Common use of Xxxxxxxx’s Right to Cure Clause in Contracts

Xxxxxxxx’s Right to Cure. Landlord, at any time after Xxxxxx commits a default, can cure the default at Tenant's cost. If Landlord at any time, by reason of Tenant's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted by law to charge from the date the sum is paid by Landlord until Landlord is reimbursed by Xxxxxx. The sum, together with interest on it, shall be additional rent.

Appears in 10 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Xxxxxxxx’s Right to Cure. Landlord, at any time after Xxxxxx Tenant commits a default, can cure the default at Tenant's cost. If Landlord at any time, by reason of Tenant's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted by law to charge from the date the sum is paid by Landlord until Landlord is reimbursed by Xxxxxx. The sum, together with interest on it, shall be additional rent.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Xxxxxxxx’s Right to Cure. Landlord, at any time after Xxxxxx commits a default, can cure the default at Tenant's cost. If Landlord at any time, by reason of TenantXxxxxx's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest at the maximum rate an individual is permitted by law to charge from the date the sum is paid by Landlord until Landlord is reimbursed by Xxxxxx. The sum, together with interest on it, shall be additional rent.

Appears in 1 contract

Samples: Ground Lease Agreement

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