EXPENDITURES BY LANDLORD. Whenever under any provision of this Lease, Tenant shall be obligated to make any payment or expenditure, or to do any act or thing, or to incur any liability whatsoever, and Tenant fails, refuses or neglects to perform as herein required, Landlord shall be entitled, but shall not be obligated, (i) to make any such payment; (ii) to do any such act or thing; or (iii) to incur any such liability, all on behalf of and at the cost of and for the ac-count of Tenant. In exercising this right, Landlord shall be permitted to charge Tenant the cost thereof plus interest thereon at the rate of fifteen percent (15%) per annum, which charge shall constitute and be collectible as Additional Rent on demand.
EXPENDITURES BY LANDLORD. If Landlord shall make any expenditure for which Tenant is liable under this Lease, the amount thereof shall be deemed Additional Rent due and payable by Tenant with the succeeding installment of Rent (unless some other date is expressly provided herein for payment of such amount) together with interest thereon at the Applicable Rate.
EXPENDITURES BY LANDLORD. Whenever under any provision of this Lease Tenant shall be obligated to make any payment or expenditure, or to do any act or thing, or to incur any liability whatsoever, and Tenant fails, refuses or neglects to perform as herein required, Landlord shall be entitled but shall not be obligated to make any such payment or expenditure, or do any such act or thing, or to incur any such liability, all on behalf of and at the cost and for the account of Tenant, and in such event the amount thereof, together with interest computed at Landlord’s Cost of Money, shall be deemed additional rent hereunder and shall be added to and deemed a part of the next installment of Rent thereafter becoming due.
EXPENDITURES BY LANDLORD. Whenever under any provision of this Lease, Tenant shall be obligated to make any payment or expenditure, or to do any act or thing, or to incur any liability whatsoever, and Tenant fails, refuses or neglects to perform as herein required, Landlord shall be entitled, but shall not be obligated, to make any such payment or to do any such act or thing, or to incur any such liability, all on behalf of and at the cost and for the account of Tenant.
EXPENDITURES BY LANDLORD. Whenever under any provision of this Lease, Tenant shall be obligated to make any payment or expenditure, or to do any act or thing, or to incur any liability whatsoever, and Tenant fails, refuses or neglects to perform as herein required after notice and an opportunity to cure (which shall be deemed to be twenty (20) days unless provided for specifically herein), Landlord shall be entitled, but shall not be obligated, to make any such payment or to do any such act or thing, or to incur any such liability, all on behalf of and at the cost and for the account of Tenant. In such event, the amount thereof with interest thereon at the Default Rate, shall constitute and be collectable as additional rent on demand.
EXPENDITURES BY LANDLORD. 23.1 Whenever under any provision of this Lease, Tenant shall be obligated to make any payment or expenditure, or to do any act or thing, or to incur any liability whatsoever, and Tenant fails, refuses or neglects to perform as herein required, and, except in the case of an emergency, continues not to perform for five (5) days after notice, Landlord shall be entitled, but shall not be obligated, to make any such payment or to do any such act or thing, or to incur any such liability, all on behalf of and at the cost and for the account of Tenant. In exercising this right, Landlord shall be permitted to charge Tenant the cost thereof plus interest thereon at the per annum rate of the greater of (i) fifteen percent (15%), or (ii) Bank of America NT & SA "Reference Rate" plus 500
EXPENDITURES BY LANDLORD. Whenever under any provision of this Lease, Tenant shall be obligated to make any payment or expenditure, or to do any act or thing, or to incur any liability whatsoever, and Tenant fails, refuses or neglects to perform as herein required, Landlord shall be entitled, but shall not be obligated, to make any such payment or to do any such act or thing, or to incur any such liability, all on behalf of and at the cost and for the account of Tenant. In such event, the amount thereof with interest thereon at the rate of 12% per year or at the maximum rate per annum rate allowed by law, if lower than 12%, at the time and said sum shall constitute and be collectable as additional rent on demand.
EXPENDITURES BY LANDLORD. Whenever, under any provision of this Lease, either Landlord or Tenant is obligated to make any payment or expenditure, or to do any act or thing, or to incur any liability whatsoever, and that party fails, refuses or neglects to perform as required and such failure, refusal or neglect continues for a period of fifteen (15) days (or such shorter time as may elsewhere be provided for in this Lease) after written notice thereof, the other party shall be entitled but shall not be obligated to make any such payment or expenditure, or do any such act or thing or to incur any such liability, all on behalf of, at the cost and for the account of the defaulting party, and in such event the amount thereof, reasonable attorneys’ fees and expenses incurred, and interest at eighteen percent (18%) per annum.
EXPENDITURES BY LANDLORD. 23.1 Whenever under any provision of this Lease, Tenant shall be obligated to make any payment or expenditure, or do any act or thing, or to incur any liability whatsoever, and Tenant fails, refuses or neglects to perform as herein required, Landlord shall be entitled, but shall not be obligated, to make any such payment or to do any such act or thing, or to incur any such liability, all on behalf of and at the cost and for the account of Tenant. In such event, the amount thereof with interest thereon at the rate of eighteen percent (18%) per annum shall constitute and be collectible as Additional Rent on demand.
EXPENDITURES BY LANDLORD. Landlord agrees not to expend any money on Tenant's behalf or incur any obligation on Tenant's behalf, unless Tenant shall have received written notice from Landlord, specifying the nature and amount of the intended expenditure or the nature of the intended obligation and within ten (10) days from the receipt of such notice, Tenant shall not have obviated the necessity for such expenditure or obligation by Landlord.
