25G - AGMT - AUTOZONE LEASE - Laserfiche WebLink

Home Browse Search

27. TENANT'S DEFAULT: (a) If Tenant shall default in payment of Rent, when due, or in maintaining any insurance required to be carried by Tenant under the Lease, Landlord shall forward written notice, pursuant to Section 30, of such default to Tenant, and the failure of Tenant to cure such default within twenty (20) days after the date of receipt of such notice shall, at the option of Landlord, cause the termiration of this Lease. (b) If Tenant shall default in the performance of any other terms or provisions of this Lease, and if Landlord shall give to Tenant written notice, pursuant to Section 30, of such default, and if Tenant shall fail to cure such default within sixty (60) days after receipt of such notice, or if the default is of such a character as to require more than sixty (60) days to cure, then, if Tenant shall fail to use reasonable diligence in curing such default, Landlord may cure such default for the account of and at the cost and expense of Tenant, and the reasonable sums so expended by Landlord shall be deemed to be Additional Rent and on demand shall be paid by Tenant on the day when Rent shall next become due and payable. In no event, however, shall any default under the terms of this Section 27(b) be the basis of a forfeiture of this Lease or otherwise result in the eviction of Tenant or the termination of this Lease unless Tenant fails to satisfy a judgment rendered by a court of competent jurisdiction. 28. VRESPONSIMLITYOF LANDLORD: If Landlord fails to pay any installment of taxes or assessments or any interest, principal, costs or other charges upon any mortgage or mortgages or other liens and encumbrances affecting the Demised Premises or the improvements thereon when any of the same become due, or if Landlord Pails to do or complete any work required of it under any of the provisions of this Lease, or if Landlord fails to perform any covenant or agreement affecting the Demised Premises or contained in this Lease on the part of Landlord to be performed or, Tenant, after the continuance of any such failure or default for thirty (30) days after written notice thereof is given by Tenant to Landlord, may elect to pay said taxes, assessments, interest, principal, costs and other charges or cure such defaults on behalf of and at the expense of Landlord and do all necessary work and make all necessary payments in connection therewith. This shall include, without limitation, the payment of any counsel fees, costs and charges of or in connection with any legal or equitable action which may be brought, and Tenant may further take such other proceedings at law or in equity as Tenant deems necessary, notwithstanding any other remedy provided herein. Tenant may proceed in equity to enjoin any breach by Landlord or by any other party of any provision of this Lease. In addition, nothing shall require Tenant to wait the above timeframes in order to cure a default of Landlord in an 6538 Freestanding Building Lease 04292015 25G -1 IO