Common use of Repeated Default Clause in Contracts

Repeated Default. (a) Notwithstanding anything to the contrary set forth in this Lease, if there is an Event of Default with respect to the timely payment of any Rents due Landlord from Tenant or the payment of any other money due Landlord from Tenant under the terms of this Lease, or in the timely reporting of Gross Revenue as required by Section 11.5 of this Lease and any such Event of Default shall be repeated two (2) times in any period of twelve (12) consecutive months, then, notwithstanding that such Event of Default shall have been cured, any further similar Event of Default within said twelve (12) month period shall be deemed to be a “Repeated Event of Default.” (b) In the event of a Repeated Event of Default, Landlord, without affording Tenant an opportunity to cure such Repeated Event of Default, may terminate this Lease forthwith by notice to Tenant given within thirty (30) days of such Repeated Event of Default.

Appears in 1 contract

Sources: Lease (Impossible Kicks Holding Company, Inc.)

Repeated Default. (a) Notwithstanding anything to the contrary set forth in this Lease, if there is an Event of Default with respect to Tenant shall be in default in the timely payment of any Rents due Landlord from Tenant or the payment of any other money due Landlord from Tenant under the terms of this Lease, or in the timely reporting of Gross Revenue as required by Section 11.5 of this Lease and any such Event of Default default shall be repeated two (2) times in any period of twelve (12) consecutive months, then, notwithstanding that such Event of Default default shall have been curedcured within the period after notice, as provided in this Lease, any further similar Event of Default default within said twelve (12) month period shall be deemed to be a "Repeated Event of Default." (b) In the event of a Repeated Event of Default, Landlord, without affording Tenant an opportunity to cure such Repeated Event of Default, Default may terminate this Lease forthwith by on notice to Tenant given within thirty (30) days of such Repeated Event of DefaultTenant.

Appears in 1 contract

Sources: Lease Agreement (Movado Group Inc)

Repeated Default. (a) Notwithstanding anything to the contrary set forth in this Lease, if there is an Event of Default with respect to Tenant shall be in default in the timely payment of any Rents due Landlord from Tenant or the payment of any other money due Landlord from Tenant under the terms of this Lease, or in the timely reporting of Gross Revenue as required by Section 11.5 of this Lease and any such Event of Default default shall be repeated two (2) times in any period of twelve (12) consecutive months, then, notwithstanding that such Event of Default default shall have been curedcured within the period after notice, as provided in this Lease, any further similar Event of Default default within said twelve (12) month period shall be deemed to be a "Repeated Event of Default". (b) In the event of a Repeated Event of Default, Landlord, without giving Tenant any notice and without affording Tenant an opportunity to cure such Repeated Event of Default, the default may terminate this Lease forthwith by without notice to Tenant given within thirty (30) days Tenant, any such notice to quit or of such Repeated Event of DefaultLandlord's intention to re-enter being hereby expressly waived.

Appears in 1 contract

Sources: Deed of Lease (Ciao Cucina Corp)

Repeated Default. (a) Notwithstanding anything to the contrary set forth in this Lease, if there is an Event of Default with respect to (i) Tenant shall be in default in the timely payment of any Rents due Landlord from Tenant or the payment of any other money due Landlord from Tenant under the terms of this Lease, or in the timely reporting of Gross Revenue as required by Section 11.5 of this Lease and Lease, (ii) any such Event of Default default shall be repeated two three (23) times in any period of twelve (12) consecutive months, and (iii) Landlord shall have notified Tenant of each such default, then, notwithstanding that such Event of Default default shall have been curedcured within the period after notice, as provided in this Lease, any further similar Event of Default default within said twelve (12) month period shall be deemed to be a "Repeated Event of Default." (b) In the event of a Repeated Event of Default, Landlord, without giving Tenant any notice and without affording Tenant an opportunity to cure such Repeated Event of Default, the default may terminate this Lease forthwith by without notice to Tenant given within thirty (30) days of such Repeated Event of DefaultTenant.

Appears in 1 contract

Sources: Lease Agreement (Play Co Toys & Entertainment Corp)

Repeated Default. (a) Notwithstanding anything to the contrary set forth in this Lease, if there is an Event of Default with respect to Tenant shall be in default in the timely payment of any Rents Fixed Minimum Rent, Percentage Rent or any Additional Charges due Landlord from Tenant or the payment of any other money due Landlord from Tenant under the terms of this Lease, or in the timely reporting of Gross Revenue as required by Section 11.5 of this Lease and any such Event of Default default shall be repeated two four (24) times in any period of twelve (12) consecutive months, then, notwithstanding that such Event of Default shall default may have been curedcured within the period provided in this Lease, but only if Tenant was notified of each such prior default, any further similar Event of Default default within said twelve (12) month period shall be deemed to be a Repeated Event of Default. (b) In the event of a Repeated Event of Default, Landlord, without giving Tenant any notice and without affording Tenant an opportunity to cure such Repeated Event of Default, the default may terminate this Lease forthwith by without notice to Tenant given within thirty (30) days of such Repeated Event of DefaultTenant.

Appears in 1 contract

Sources: Lease Agreement (Play Co Toys & Entertainment Corp)