Common use of PROVISO FOR RE-ENTRY Clause in Contracts

PROVISO FOR RE-ENTRY. The Landlord shall have the right to re-enter the Leased Premises in the event of default by the Tenant of any obligation set out in this Lease, including, but not limited to, default by the Tenant in payment of Rent or Additional Rent. This right of re-entry may be exercised by the Landlord only after the Landlord has given the Tenant written notice specifying the nature of the default complained of, and allow the Tenant in the case of non-payment of Rent or Additional Rent a period of ten business days following the giving of such notice in which to rectify such nonpayment or allow the Tenant in the case of non- performance of other covenants, a period of 15 business days or such longer period as may be reasonably necessary considering the nature of the default following the giving of notice to rectify same if capable of rectification or in accordance with the provisions of the Commercial Tenancies Act, whichever is less. Provided that on the Landlord becoming entitled to re-enter upon the Leased Premises pursuant to the terms herein, the Landlord in addition to other rights, shall have the right with or without entry to terminate this Lease forthwith by written notice to the Tenant.

Appears in 1 contract

Sources: Lease Agreement

PROVISO FOR RE-ENTRY. The Landlord shall have the right to re-enter the Leased Premises in the event of default by the Tenant of any obligation set out in this Lease, including, but not limited to, default by the Tenant in payment of Rent or Additional Rent. This right of re-entry may be exercised by the Landlord only after the Landlord has given the Tenant written notice specifying the nature of the default complained of, and allow the Tenant in the case of non-payment of Rent or Additional Rent a period of ten business five days following the giving of such notice in which to rectify such nonpayment or allow the Tenant in the case of non- non-performance of other covenants, a period of 15 business days or such longer period as may be reasonably necessary considering the nature of the default following the giving of notice to rectify same if capable of rectification or in accordance with the provisions of the Commercial Tenancies Act, whichever is lessrectification. Provided that on the Landlord becoming entitled to re-enter upon the Leased Premises pursuant to the terms herein, the Landlord in addition to other rights, shall have the right with or without entry to terminate this Lease forthwith by written notice to the Tenant.

Appears in 1 contract

Sources: Lease Agreement