At Landlord's election Sample Clauses
The "At Landlord's election" clause grants the landlord the discretionary authority to make certain decisions or take specific actions under the lease agreement. For example, this clause may allow the landlord to choose whether to enforce a remedy, grant a waiver, or approve a tenant's request, depending on the circumstances. Its core practical function is to provide the landlord with flexibility and control over key aspects of the lease, ensuring that the landlord can respond to changing situations or protect their interests as needed.
At Landlord's election this Lease shall become subject and subordinate to any Security Instrument created after the Effective Date. Notwithstanding such subordination, Tenant's right to quiet possession of the Premises shall not be disturbed so long as Tenant is not in default and performs all of its obligations under this Lease, unless this Lease is otherwise terminated pursuant to its terms.
At Landlord's election this Lease shall become subject and subordinate to any Security Instruments created after the Effective Date.
At Landlord's election. Tenant shall maintain a service contract for the maintenance of all heating, air conditioning, and ventilation equipment servicing the Premises with a licensed repair and maintenance contractor approved by Landlord, which approval shall not be unreasonably withheld or delayed. The contract should provide for periodic inspections and servicing of the heating, air conditioning, and ventilation equipment at least once every ninety (90) days during the term of the Lease.
At Landlord's election. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Tax Excess, such monthly amounts to be sufficient to provide Landlord by the time real estate tax payments are due or are to be made by Landlord (in the event of voluntary tax payments) a sum equal to the Tax Excess, as reasonably estimated by Landlord from time to time on the basis of the most recent tax data available. If the total of such monthly remittances for any Tax Year is greater than the Tax Excess for such Tax Year, Landlord shall credit the difference against the next installment of rental or other charges due to Landlord hereunder; if the total of such remittances is less than the Tax Excess for such Tax Year, Tenant shall pay the difference to Landlord at the time any Tax Excess becomes due and payable (or is to be paid, in the case of a voluntary payment) as hereinabove provided.
At Landlord's election. Landlord and Tenant shall promptly execute and deliver to one another an amendment to this Lease, in reasonable form prepared by Landlord, confirming Tenant’s exercise of its option hereunder and the Minimum Rent payable during the Renewal Term.
At Landlord's election. LANDLORD may cure any default of TENANT by expending funds or by any other actions. If LANDLORD takes any such actions, TENANT will promptly, upon demand, reimburse LANDLORD for all of LANDLORD'S expenses.
At Landlord's election. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Cost Excess, such monthly amounts to be sufficient to provide Landlord by the end of any given calendar year a sum equal to Tenant's required payments, as estimated by Landlord in good faith from time to time during such year. If the total of such monthly remittances for any calendar year is greater than the Operating Cost Excess for such calendar year, Landlord shall credit the difference against the next installment of rental or other charges due to Landlord hereunder (or if such adjustment is at or after the end of the Term and no other monies are due to Landlord hereunder, Landlord shall pay Tenant said difference promptly); if the total of such remittances is less than the Operating Cost Excess for such calendar year, Tenant shall promptly pay the difference to Landlord.