Common use of Agent’s Authority Clause in Contracts

Agent’s Authority. While the Agent shall be collecting the rentals due from the Tenant, it is hereby authorized by the Landlord to expend such sums as may be reasonably necessary in connection with the enforcement of payment of rental and the securing or possession of the Premises in case of Tenant’s default. All such sums expended by the Agent or the Landlord shall be payable by the Tenant as Additional Rent promptly upon demand therefor. The Landlord agrees to pay the Agent any of such expenses not so reimbursed promptly upon demand.

Appears in 3 contracts

Samples: Office Lease, Office Lease (Technest Holdings Inc), Office Lease (Technest Holdings Inc)

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Agent’s Authority. While the Agent shall be collecting the rentals due from the Tenant, it is hereby authorized by the Landlord to expend such sums as may be reasonably necessary in connection with the enforcement of payment of rental and the securing or possession of the Premises in case of Tenant’s 's default. All such sums expended by the Agent or the Landlord shall be payable by the Tenant as Additional Rent promptly upon demand therefor. The Landlord agrees to pay the Agent any of such expenses not so reimbursed promptly upon demand.

Appears in 1 contract

Samples: Commercial Office Lease (SavWatt USA, Inc.)

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