Common use of Repeated Defaults Clause in Contracts

Repeated Defaults. No notice of default need be given under Section 11.1, and no default in the payment of Annual Fixed Rent or Additional Rent shall be curable if on two prior occasions in any one lease year Tenant has failed to make such payment or received a notice of default from Landlord and, in such event, Landlord shall have the right to terminate this Lease as in Section 11.1 provided and the right to damages as in Section 11.3 provided.

Appears in 2 contracts

Sources: Lease (Epix Medical Inc), Lease (Epix Medical Inc)