Common use of Lessor's Remedies on Default Clause in Contracts

Lessor's Remedies on Default. If Lessee defaults in payment of Basic Rent, or any Additional Rent, or defaults in the performance of any of the covenants and conditions hereof, Lessor may give Lessee notice of such default, and if Lessee does not cure any Basic Rent, or Additional Rent default within five (5) days or other default within fifteen (15) days, after written notice to Lessee (or if such other default is of a nature that it cannot be completely cured within such period, if Lessee does not commence such curing within fifteen (15) days and thereafter proceed with reasonable diligence and in good faith to cure such default), then Lessor may terminate this lease on not less then ten (10) days notice to Lessee, and on the date specified in said notice, Lessee's right to possession of the Demised Premises shall cease, and Lessee shall quit and surrender the Premises to Lease.

Appears in 1 contract

Sources: Lease (Unapix Entertainment Inc)

Lessor's Remedies on Default. If Lessee lessee defaults in the payment of Basic Rentrent, or any Additional Rentadditional rent, or defaults in the performance of any of the other covenants and or conditions hereofof this agreement, Lessor lessor may give Lessee lessee notice of such default, default and if Lessee lessee does not cure any Basic Rentrent, or Additional Rent additional rent, default within five ten (510) days business days, or other default within fifteen ten (1510) business days, after written the giving of notice to Lessee (or if such any other default is of such a nature that it cannot be completely cured within such a period, if Lessee lessee does not commence such curing within fifteen such ten (1510) business days and thereafter proceed with reasonable diligence and in good faith to cure such a default), then Lessor lessor may terminate this lease on not less then than ten (10) business days notice to Lessee, and on lessee. On the date specified in said the notice, Lessee's right to possession the term of the Demised Premises this lease shall cease, terminate and Lessee lessee shall then quit and surrender the Premises premises to Leaselessor, but lessee shall remain liable as provided below.

Appears in 1 contract

Sources: Commercial Property Lease (Medgrup Corp)

Lessor's Remedies on Default. If Lessee defaults in payment of Basic Rent, or any Additional Rent, or defaults in the performance of any of the covenants and conditions hereof, Lessor may give Lessee notice of such default, and if Lessee does not cure any Basic Rent, or Additional Rent default within five ten (510) days or other default within fifteen (15) days, after written notice to Lessee (or if such other default is of a nature that it cannot be completely cured within such period, if Lessee does not commence such curing within fifteen (15) days and thereafter proceed with reasonable diligence and in good faith to cure such default), then Lessor may terminate this lease on not less then ten fifteen (1015) days notice to Lessee, and on the date specified in said notice, Lessee's right to possession of the Demised Premises shall cease, and Lessee shall quit and surrender the Premises to Lease.

Appears in 1 contract

Sources: Lease (Unapix Entertainment Inc)

Lessor's Remedies on Default. If Lessee lessee defaults in the payment of Basic Rentrent, or any Additional Rentadditional rent, or defaults in the performance of any of the other covenants and or conditions hereofof this agreement, Lessor lessor may give Lessee lessee notice of such default, default and if Lessee lessee does not cure any Basic Rentrent, or Additional Rent additional rent, default within five ten (510) days days, or other default within fifteen ten (1510) days, after written the giving of notice to Lessee (or if such any other default is of such a nature that it cannot be completely cured within such a period, if Lessee lessee does not commence such curing within fifteen such ten (1510) days and thereafter proceed with reasonable diligence and in good faith to cure such a default), then Lessor lessor may terminate this lease on not less then ten than thirty (1030) days days’ notice to Lessee, and on lessee. On the date specified in said notice, Lessee's right to possession the notice the term of the Demised Premises this lease shall cease, terminate and Lessee lessee shall then quit and surrender the Premises premises to Leaselessor, but lessee shall remain liable as provided below. If this lease shall have been so terminated by lessor, lessor may at any time thereafter resume possession of the premises by any lawful means and remove lessee or other occupants and their effects.

Appears in 1 contract

Sources: Lease Agreement (Commerce Union Bancshares, Inc.)