Additional Rent Based Upon Reimbursement to Landlord. If Tenant shall fail to comply with or to perform any of the terms, conditions and covenants of this Lease, Landlord may (but with no obligation to do so) carry out and perform such terms, conditions and covenants, at the expense of Tenant, which expense shall be payable by Tenant, as Additional Rent, upon the demand of Landlord, together with interest at the rate per annum of eight percent (8%) (the “Default Rate”), which interest shall accrue from the date of Landlord’s demand.
Appears in 2 contracts
Samples: Master Lease Agreement (Gaia, Inc), Lease Agreement (Gaia, Inc.)
Additional Rent Based Upon Reimbursement to Landlord. If Tenant shall fail to comply with or to perform any of the terms, conditions and covenants of this Lease, Landlord may (but with no obligation to do so) carry out and perform such terms, conditions and covenants, at the expense of Tenant, which expense shall be payable by Tenant, as Additional Rentadditional rent, upon the demand of Landlord, together with interest at the prime rate per annum of eight plus two (2%) percent (8%) (the “Default "Prime Rate”"), which interest shall accrue from the date of Landlord’s 's demand.
Appears in 1 contract
Samples: Lease Agreement (Ift Corp)
Additional Rent Based Upon Reimbursement to Landlord. If Tenant shall fail to comply with or to perform any of the terms, conditions and covenants of this Lease, Landlord may (but with no obligation to do so) carry out and perform such terms, conditions and covenants, at the expense of Tenant, which expense shall be payable by Tenant, as Additional Rentadditional rent, upon the demand of Landlord, together with interest at the rate per annum of eight percent (8%) (the “Default Rate”), which interest shall accrue from the date of Landlord’s demand.
Appears in 1 contract
Samples: Ammended Commercial Lease Agreement (Mystic Holdings Inc./Nv)