Common use of Monetary Default Clause in Contracts

Monetary Default. Tenant fails to pay any Rent when due, it is a Cureable Default and the cure period shall be 5 days after notice from Landlord. Financial Distress Default (See Section 14.9). An Involuntary Financial Distress Default is a Curable Default and the cure periods are set forth in Section 14.9. A Voluntary Financial Distress Default is not a Curable Default.

Appears in 5 contracts

Sources: Office Lease (ArcherDX, Inc.), Sublease Agreement (ArcherDX, Inc.), Office Lease (ArcherDX, Inc.)

Monetary Default. Tenant fails to pay any Rent when due, it is a Cureable Default and the cure period shall be 5 days [***] after notice from Landlord. Financial Distress Default (See Section 14.9). An Involuntary Financial Distress Default is a Curable Default and the cure periods are set forth in Section 14.9. A Voluntary Financial Distress Default is not a Curable Default.

Appears in 1 contract

Sources: Office Lease (Seattle Genetics Inc /Wa)

Monetary Default. If Tenant fails to pay any Rent when due, it is a Cureable Curable Default and the cure period shall be 5 business days after notice from LandlordLandlord of such failure; provided, however, a monetary default is not a Curable Default upon the third and each subsequent monetary default in any 12 month period. Financial Distress Default (See see Section 14.9). An Involuntary Financial Distress Default is a Curable Default and the cure periods are set forth in Section 14.9. A Voluntary Financial Distress Default is not a Curable Default.

Appears in 1 contract

Sources: Office Lease (Bsquare Corp /Wa)