Common use of Performance by Landlord Clause in Contracts

Performance by Landlord. If Tenant fails to pay any sum of money or perform any other act to be performed by Tenant hereunder, and such failure continues for fifteen (15) days after notice by Landlord. Landlord shall have the right (but not the obligation) to make such payment or perform such other act without waiving or releasing Tenant from its obligations. All sums so paid by Landlord and all necessary incidental costs, together with interest thereon at the rate specified in Section 22.4, shall be payable to Landlord on demand. Landlord shall have the same rights and remedies in the event of nonpayment by Tenant as in the case of default by Tenant in the payment of the rent.

Appears in 1 contract

Sources: Sublease Agreement (Locust Walk Acquisition Corp.)

Performance by Landlord. If Tenant fails to pay any sum of money su▇ ▇▇ ▇oney or perform any other act to be performed by Tenant hereunder, and such failure continues for fifteen (15) days after notice by Landlord. , Landlord shall have the right (but not the obligation) to make such payment or perform such other act without waiving or releasing Tenant from its obligations. All sums so paid by Landlord and all necessary incidental ▇▇▇▇▇▇▇tal costs, together with interest thereon at the rate specified in Section 22.4, shall be payable to Landlord on demand. Landlord shall have the same rights and remedies in the event of nonpayment by Tenant as in the case of default d▇▇▇▇▇▇ by Tenant in the payment of the rent.t▇▇ ▇▇▇t.

Appears in 1 contract

Sources: Standard Industrial Net Lease (Sgi International)

Performance by Landlord. If Tenant ▇▇▇▇▇▇ fails to pay any sum of money or perform any other act to be performed by Tenant hereunder, hereunder and such failure continues for fifteen (15) days after notice by Landlord. , Landlord shall have the right (but not the obligation) to make such payment or perform such other act without waiving or releasing Tenant from its obligations. All sums so paid by Landlord ▇▇▇▇▇▇▇▇ and all necessary incidental costs, together with interest thereon at the rate specified in Section 22.4, shall be payable to Landlord on demand. Landlord shall have the same rights and remedies in the event of nonpayment non-payment by Tenant ▇▇▇▇▇▇ as in the case of default by Tenant ▇▇▇▇▇▇ in the payment of the rent.

Appears in 1 contract

Sources: Standard Industrial Gross Lease (Scripps Financial Corp)

Performance by Landlord. If Tenant fails to pay any sum of money or perform any other act to be performed by Tenant hereunder, hereunder and such failure continues for fifteen (15) days after notice by Landlord. , Landlord shall have the right (but not the obligation) to make such payment or perform such other act without waiving or releasing Tenant from its obligations. All sums so paid by Landlord and all necessary incidental costs, together with interest thereon at the rate specified in Section 22.4, shall be payable to Landlord on demand. Landlord shall have the same rights and remedies in the event of nonpayment non-payment by Tenant as in the case of default by Tenant in the payment of the rent.

Appears in 1 contract

Sources: Standard Industrial Gross Lease (Sequenom Inc)

Performance by Landlord. If Tenant ▇▇▇▇▇▇ fails to pay any sum of money or perform any other act to be performed by Tenant hereunder, and such failure continues for fifteen (15) days after notice by Landlord. , Landlord shall have the right (but not the obligation) to make such payment or perform such other act without waiving or releasing Tenant from its obligations. All sums so paid by Landlord ▇▇▇▇▇▇▇▇ and all necessary incidental costs, together with interest thereon at the rate specified in Section 22.4, shall be payable to Landlord on demand. Landlord shall have the same rights and remedies in the event of nonpayment by Tenant ▇▇▇▇▇▇ as in the case of default by Tenant ▇▇▇▇▇▇ in the payment of the rent.

Appears in 1 contract

Sources: Standard Industrial Net Lease (CardioVascular BioTherapeutics, Inc.)

Performance by Landlord. If Tenant fails to pay any sum of money or perform any other act to be performed by Tenant hereunder, hereunder and such failure continues for fifteen ten (1510) days after notice by Landlord. , Landlord shall have the right may (but shall not the obligationbe obligated to) to make such payment or perform such other act without waiving or releasing Tenant from its obligations. All sums so paid by Landlord and all necessary incidental costs, together with interest thereon at the rate specified in Section 22.418.5, shall be payable to Landlord on demand. Landlord shall have the same rights and remedies in the event of nonpayment non-payment by Tenant as in the case of default by Tenant in the payment of the rent.

Appears in 1 contract

Sources: Lease Agreement (Equidyne Corp)