Common use of Events of Default by Tenant Clause in Contracts

Events of Default by Tenant. All covenants and agreements to be kept or performed by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent (except as expressly provided herein). The occurrence of any of the following shall constitute a default of this Lease by Tenant: 19.1.1 Any failure by Tenant to pay any Rent, Additional Rent or any other charge required to be paid under this Lease, or any part thereof, within five (5) business days after notice that such amounts are past due (provided that Landlord shall have no obligation to give notices more than one (1) time in any 12 month period for regularly scheduled payments); 19.1.2 Any failure by Tenant to observe or perform any other provision, covenant or condition of this Lease to be observed or performed by Tenant (other than the payment of Rent or Additional Rent) where such failure continues for thirty (30) days after written notice thereof from Landlord to Tenant; provided however that if the nature of such default is such that the same cannot reasonably be cured within a thirty (30)-day period, Tenant shall not be deemed to be in default if it diligently commences such cure within such period and thereafter diligently proceeds to rectify and cure said default as soon as possible;

Appears in 2 contracts

Sources: Lease (Dyne Therapeutics, Inc.), Lease (Dyne Therapeutics, Inc.)

Events of Default by Tenant. All covenants and agreements Except as otherwise provided in this Lease, the failure to be kept perform or performed honor any covenant, condition or other obligation of Tenant or the failure of any representation made by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent (except as expressly provided herein). The occurrence of any of the following shall constitute a default of this Lease by Tenant: 19.1.1 Any failure by Tenant to pay any Rentupon expiration of the applicable grace period, Additional Rent or any other charge required to be paid under this Lease, or any part thereof, within if any. Tenant shall have a period of five (5) business days after from the date it receives written notice from Landlord that such amounts are past any payment of Rent is due (provided that Landlord shall have no obligation within which to give notices more than one (1) time cure any default in any 12 month period for regularly scheduled payments); 19.1.2 Any failure by Tenant to observe or perform any other provision, covenant or condition of this Lease to be observed or performed by Tenant (other than the payment of Rent or Additional Rent) where such failure continues for . Except as otherwise provided in Section 19, Tenant shall have a period of thirty (30) days after from the date of written notice thereof from Landlord within which to Tenantcure any other default under this Lease; provided however provided, however, that if with respect to any default (other than a default which can be cured by the nature payment of such default is such money) that the same cannot reasonably be cured within a thirty (30)-day period30) days, Tenant the default shall not be deemed to be in default uncured if it diligently Tenant commences such to cure within thirty (30) days from Landlord’s notice, continues to prosecute diligently the curing of such period and thereafter diligently proceeds default. Notwithstanding anything contained in this Section 18.1, Landlord shall not be obligated to rectify and cure said default as soon as possible;provide Tenant with notice of substantially similar defaults more than two (2) times in any twelve (12) month period.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement (Zulily, Inc.)

Events of Default by Tenant. All covenants and agreements Except as otherwise provided in this Lease, the failure to be kept perform or performed honor any covenant, condition or other obligation of Tenant or the failure of any representation made by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent (except as expressly provided herein). The occurrence of any of the following shall constitute a default of this Lease by Tenant: 19.1.1 Any failure by Tenant to pay any Rentupon expiration of the applicable grace period, Additional Rent or any other charge required to be paid under this Lease, or any part thereof, within if any. Tenant shall have a period of five (5) business days after from the date it receives written notice from Landlord that such amounts are past any payment of Rent is due (provided that Landlord shall have no obligation within which to give notices more than one (1) time cure any default in any 12 month period for regularly scheduled payments); 19.1.2 Any failure by Tenant to observe or perform any other provision, covenant or condition of this Lease to be observed or performed by Tenant (other than the payment of Rent or Additional Rent) where such failure continues for . Except as otherwise provided in Section 19, Tenant shall have a period of thirty (30) days after from the date of written notice thereof from Landlord within which to Tenantcure any other default under this Lease; provided however provided, however, that if with respect to any default (other than a default which can be cured by the nature payment of such default is such money) that the same cannot reasonably be cured within a thirty (30)-day period30) days, Tenant the default shall not be deemed to be in default uncured if it diligently Tenant commences such to cure within thirty (30) days from Landlord's notice, continues to prosecute diligently the curing of such period default and thereafter diligently proceeds actually cures such default within ninety (90) days after Landlord's notice. Notwithstanding anything contained in this Section 18.1, Landlord shall not be obligated to rectify and cure said default as soon as possible;provide Tenant with notice of substantially similar defaults more than two (2) times in any twelve (12) month period.

Appears in 2 contracts

Sources: Lease Agreement (Lawson Products Inc/New/De/), Real Estate Sales Contract (Lawson Products Inc/New/De/)

Events of Default by Tenant. All covenants and agreements Except as otherwise provided in this Lease, the failure to be kept perform or performed honor any covenant, condition or other obligation of Tenant or the failure of any representation made by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent (except as expressly provided herein). The occurrence of any of the following shall constitute a default of this Lease by Tenant: 19.1.1 Any failure by Tenant to pay any Rentupon expiration of the applicable grace period, Additional Rent or any other charge required to be paid under this Lease, or any part thereof, within if any. Tenant shall have a period of five (5) business days after from the date it receives written notice from Landlord that such amounts are past any payment of Rent is due (provided that Landlord shall have no obligation within which to give notices more than one (1) time cure any default in any 12 month period for regularly scheduled payments); 19.1.2 Any failure by Tenant to observe or perform any other provision, covenant or condition of this Lease to be observed or performed by Tenant (other than the payment of Rent or Additional Rent) where such failure continues for . Except as otherwise provided in Article 20, Tenant shall have a period of thirty (30) days after from the date of written notice thereof from Landlord within which to Tenantcure any other default under this Lease; provided however provided, however, that if with respect to any default (other than a default which can be cured by the nature payment of such default is such money) that the same cannot reasonably be cured within a thirty (30)-day period30) days, Tenant the default shall not be deemed to be in default uncured if it diligently Tenant commences such to cure within thirty (30) days from Landlord’s notice, continues to prosecute diligently the curing of such period default and thereafter diligently proceeds actually cures such default within ninety (90) days after Landlord’s notice. Notwithstanding anything contained in this Section 19.1, Landlord shall not be obligated to rectify and cure said default as soon as possible;provide Tenant with notice of substantially similar defaults more than two (2) times in any twelve (12) month period.

Appears in 1 contract

Sources: Industrial Lease (Williams Sonoma Inc)

Events of Default by Tenant. All covenants and agreements Except as otherwise provided in this Lease, the failure to be kept perform or performed honor any covenant, condition or other obligation of Tenant or the failure of any representation made by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent (except as expressly provided herein). The occurrence of any of the following shall constitute a default of this Lease by Tenant: 19.1.1 Any failure by Tenant to pay any Rentupon expiration of the applicable grace period, Additional Rent or any other charge required to be paid under this Leaseif any, or any part thereof, within Tenant shall have a period of five (5) business days after notice that such amounts are past from the date any payment of Rent is due (provided that Landlord shall have no obligation within which to give notices more than one (1) time cure any default in any 12 month period for regularly scheduled payments); 19.1.2 Any failure by Tenant to observe or perform any other provision, covenant or condition of this Lease to be observed or performed by Tenant (other than the payment of Rent or Additional Rent) where such failure continues for , Except as otherwise provided in Article 20, Tenant shall have a period of thirty (30) days after from the date of written notice thereof from Landlord within which to Tenantcure any other default under this Lease; provided however provided, however, that if with respect to any default (other than a default which can be cured by the nature payment of such default is such money) that the same cannot reasonably be cured within a thirty (30)-day period30) days, Tenant the default shall not be deemed to be in default uncured if it diligently Tenant commences such to cure within thirty (30) days from Landlord’s notice, continues to prosecute diligently the curing of such period default and thereafter diligently proceeds actually cures such default within ninety (90) days after Landlord’s notice. Notwithstanding anything contained in this Section 19.1, Landlord shall not be obligated to rectify and cure said default as soon as possible;provide Tenant with notice of substantially similar defaults more than two (2) times in any twelve (12) month period.

Appears in 1 contract

Sources: Industrial Lease (Kid Brands, Inc)

Events of Default by Tenant. All covenants and agreements Except as otherwise provided in this Lease, the failure to be kept perform or performed honor any covenant, condition or other obligation of Tenant or the failure of any representation made by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent (except as expressly provided herein). The occurrence of any of the following shall constitute a default of this Lease by Tenant: 19.1.1 Any failure by Tenant to pay any Rentupon expiration of the applicable grace period, Additional Rent or any other charge required to be paid under this Lease, or any part thereof, within if any. Tenant shall have a period of five (5) business days after from the date it receives written notice from Landlord that such amounts are past any payment of Rent is due (provided that Landlord shall have no obligation within which to give notices more than one (1) time cure any default in any 12 month period for regularly scheduled payments); 19.1.2 Any failure by Tenant to observe or perform any other provision, covenant or condition of this Lease to be observed or performed by Tenant (other than the payment of Rent or Additional Rent) where such failure continues for . Except as otherwise provided in Section 18, Tenant shall have a period of thirty (30) days after from the date of written notice thereof from Landlord within which to Tenantcure any other default under this Lease; provided however provided, however, that if with respect to any default (other than a default which can be cured by the nature payment of such default is such money) that the same cannot reasonably be cured within a thirty (30)-day period30) days, Tenant the default shall not be deemed to be in default uncured if it diligently Tenant commences such to cure within thirty (30) days from Landlord’s notice, continues to prosecute diligently the curing of such period default and thereafter diligently proceeds actually cures such default within ninety (90) days after Landlord’s notice. Notwithstanding anything contained in this Section 17.1, Landlord shall not be obligated to rectify and cure said default as soon as possible;provide Tenant with notice of substantially similar defaults more than two (2) times in any twelve (12) month period.

Appears in 1 contract

Sources: Lease Agreement (Sonicwall Inc)