Common use of INSPECTION AND REPAIR Clause in Contracts

INSPECTION AND REPAIR. Landlord and its agents shall have the right, at all reasonable times during the term of this Lease to enter the Leased Premises to examine the condition thereof and to ascertain whether Tenant is performing its obligations hereunder, and Tenant shall make any repairs which Landlord deems necessary as a result of such examination. If Tenant fails to make any such repairs within thirty (30) days after notice from Landlord requesting Tenant so to do, provided that such repairs may reasonably be made within the said period, Landlord may, without prejudice to any other rights or remedies it may have, make such repairs and charge the cost thereof to Tenant. Nothing in this Clause shall be construed to obligate or require Landlord to make any repairs by Landlord shall have the right at any time to make any emergency repairs without notice to Tenant and charge the cost thereof to Tenant. Any costs chargeable to Tenant hereunder shall be payable forthwith on demand as additional rent and shall bear interest at the rate of twenty-four percent (24%) per annum or two percent (2%) per month from the date on which the same were incurred until payment.

Appears in 3 contracts

Samples: Lease Agreement (Dectron Internationale Inc), Lease Agreement (Dectron Internationale Inc), Lease Agreement (Dectron Internationale Inc)

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INSPECTION AND REPAIR. Landlord Lessor and its agents shall have the right, at all reasonable times and upon reasonable notice during the term of this Lease to enter the Leased Premises to examine the condition thereof there of and to ascertain whether Tenant Lessee is performing its obligations hereunderhere under, and Tenant Lessee shall make any repairs which Landlord Lessor deems necessary as a result of such examinationexaminations. If Tenant Lessee fails to make any such repairs within thirty (30) days after notice from Landlord Lessor requesting Tenant Lessee so to do, provided that such repairs may reasonably be made within the said period, Landlord may, Lessor may without prejudice to any other rights or remedies it may have, make such repairs and charge the cost thereof to TenantLessee. Nothing in this Clause shall be construed to obligate or require Landlord lessor to make any repairs by Landlord but Lessor shall have the right at any time to make any emergency repairs deemed by Lessor in its absolute discretion to be urgently required without notice to Tenant Lessee and charge the cost thereof to TenantLessee. Any costs chargeable to Tenant hereunder Lessee here under shall be payable forthwith on demand as additional rent and shall bear interest at the rate of twenty-four percent (24%) per annum or two percent (2%) per month 12% annum, compounded monthly from the date on which the same were incurred until payment.

Appears in 1 contract

Samples: Prestige Cosmetics Corp

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INSPECTION AND REPAIR. Landlord and its agents agent shall have the right, right at all reasonable times hours during the term Tern of this Lease lease to enter the Leased Premises to examine the condition thereof and to ascertain whether Tenant is performing its obligations hereunder, and Tenant shall make any repairs which Landlord deems necessary as a result Tenant is obliged to make pursuant to the terms of such examinationthis lease. If Tenant fails to make any such repairs within thirty (30) days after written notice from Landlord requesting Tenant so to dodo so, provided that such repairs may reasonably be made within the said period, Landlord may, without prejudice to any other rights or remedies it may have, make such repairs and charge the reasonable cost thereof to Tenant. Nothing in this Clause lease shall be construed to obligate or require Landlord to make any repairs by for which the Tenant is responsible hereunder, but Landlord shall have the right at any time to make any emergency repairs without prior notice to Tenant and charge the reasonable cost thereof to Tenant. Any costs chargeable to Tenant hereunder shall be payable forthwith on written demand as additional rent Additional Rental and if not paid within thirty (30) days shall bear interest at the prime lending rate as determined by the Royal Bank of twenty-Canada on a daily basis plus four percent (244%) per annum or two percent (2%) per month from the date on which the same were incurred of such written demand until paymentpaid.

Appears in 1 contract

Samples: SLM International Inc /De

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