General Contract Terms. (a) The Customer will pay all reasonable legal fees and expenses incurred by WFWI in protecting its rights under this agreement. (b) The Customer will, at its expense, promptly upon WFWI's written request, execute and deliver any instrument and to take any action as may reasonably be necessary in the opinion of WFWI to perfect and keep perfected as against third parties the interests of WFWI in the Leased Property. The Customer authorizes WFWI to record such documents as WFWI may consider appropriate and agrees to pay all costs in connection with them. (c) Any monies which are not paid by the Customer when due bear interest calculated daily from the due date thereof to the date of payment, at a rate per annum equal to the commercial lending rate of interest, expressed as an annual rate, which Bank of Montreal quotes in Toronto as the reference rate of interest (commonly known as "prime") for the purpose of determining the rate of interest that it charges to its commercial customers for loans in Canadian funds, plus 2%. (d) All rights and remedies of WFWI hereunder are cumulative and are in addition to any other rights and remedies of WFWI and may be exercised in any order, sequence or combination. (e) No terms or condition of this agreement may be waived, amended or varied except by writing signed by both parties. (f) Forbearance or indulgence by WFWI of any term or condition of this Agreement as to a Rental Contract will not constitute a waiver of such term or condition to be performed by the Customer. (g) Time is in all respects of the essence hereof. (h) Subject to Section 17, this agreement enures to the benefit of, and is binding upon, the parties hereto, their respective heirs, executors, administrators, successors and assigns. (i) This Agreement and the Rental Contract shall be construed in accordance with the laws of the Province of Ontario.
Appears in 2 contracts
Samples: Equipment Lease Agreement, Equipment Lease Agreement
General Contract Terms. (a) The Customer will pay all reasonable legal fees and expenses incurred by WFWI in protecting its rights under this agreement.
(b) The Customer will, at its expense, promptly upon WFWI's WFWl’s written request, execute and deliver any instrument and to take any action as may reasonably be necessary in the opinion of WFWI to perfect and keep perfected as against third parties the interests of WFWI in the Leased Property. The Customer authorizes WFWI to record such documents as WFWI may consider appropriate and agrees to pay all costs in connection with them.
(c) Any monies which are not paid by the Customer when due bear interest calculated daily from the due date thereof to the date of payment, at a rate per annum equal to the commercial lending rate of interest, expressed as an annual rate, which Bank of Montreal quotes in Toronto as the reference rate of interest (commonly known as "“prime"”) for the purpose of determining the rate of interest that it charges to its commercial customers for loans in Canadian funds, plus 2%.
(d) All rights and remedies of WFWI hereunder are cumulative and are in addition to any other rights and remedies of WFWI and may be exercised in any order, sequence or combination.
(e) No terms or condition of this agreement may be waived, amended or varied except by writing signed by both parties.
(f) Forbearance or indulgence by WFWI of any term or condition of this Agreement as to a Rental Contract will not constitute a waiver of such term or condition to be performed by the Customer.
(g) Time is in all respects of the essence hereof.
(h) Subject to Section 17, this agreement enures to the benefit of, and is binding upon, the parties hereto, their respective heirs, executors, administrators, successors and assigns.
(i) This Agreement and the Rental Contract shall be construed in accordance with the laws of the Province of Ontario.
Appears in 1 contract
Samples: Lease Agreement
General Contract Terms. (a) The Customer will pay all reasonable legal fees and expenses incurred by WFWI WLES in protecting its rights under this agreement.
(b) The Customer will, at its expense, promptly upon WFWIWLES's written request, execute and deliver any instrument and to take any action as may reasonably be necessary in the opinion of WFWI WLES to perfect and keep perfected as against third parties the interests of WFWI WLES in the Leased Property. The Customer authorizes WFWI WLES to record such documents as WFWI WLES may consider appropriate and agrees to pay all costs in connection with them.
(c) Any monies which are not paid by the Customer when due bear interest calculated daily from the due date thereof to the date of payment, at a rate per annum equal to the commercial lending rate of interest, expressed as an annual rate, which Bank of Montreal quotes in Toronto as the reference rate of interest (commonly known as "prime") for the purpose of determining the rate of interest that it charges to its commercial customers for loans in Canadian funds, plus 2%.
(d) All rights and remedies of WFWI WLES hereunder are cumulative and are in addition to any other rights and remedies of WFWI WLES and may be exercised in any order, sequence or combination.
(e) No terms or condition of this agreement may be waived, amended or varied except by writing signed by both parties.
(f) Forbearance or indulgence by WFWI WLES of any term or condition of this Agreement as to a Rental Contract will not constitute a waiver of such term or condition to be performed by the Customer.
(g) Time is in all respects of the essence hereof.
(h) Subject to Section 17, this agreement enures Sect to the benefit of, and is binding upon, the parties hereto, their respective heirs, executors, administrators, successors and assigns.
(i) This Agreement and the Rental Contract shall be construed in accordance with the laws of the Province of Ontario.
Appears in 1 contract
Samples: Lease Agreement