Common use of Landlord’s Option to Repair Clause in Contracts

Landlord’s Option to Repair. Landlord may, at its option and at the cost and expense of Tenant, unless covered by Landlord's insurance, repair or replace any damage or injury done to the Building or any part thereof caused by Tenant, Tenant's agents, employees, licensees, invitees or visitors. Tenant shall pay the cost thereof, plus interest thereon as provided in Section 15.13 herein, to Landlord on demand. Tenant further agrees to maintain and keep the interior of the Premises in good repair and condition at Tenant's expense. Tenant agrees not to commit or allow any waste or damage to be committed on any portion of the Premises.

Appears in 1 contract

Samples: Lease Agreement (Corniche Group Inc /De)

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Landlord’s Option to Repair. Landlord may, at its option and at the cost and expense of Tenant, unless covered by Landlord's insurance, repair or replace any damage or injury done to the Building Building, Project, Complex or any part thereof thereof, caused by Tenant, Tenant's ’s agents, employees, licensees, invitees or visitors. Tenant shall pay the cost thereof, plus interest thereon as provided in Section 15.13 herein, to Landlord on demand. Tenant further agrees to maintain and keep the interior of the Premises in good repair and condition at Tenant's ’s expense. Tenant agrees not to commit or allow any waste or damage to be committed on any portion of the Premises, the Building or the Project.

Appears in 1 contract

Samples: Office Lease Agreement (Hallmark Financial Services Inc)

Landlord’s Option to Repair. Landlord may, may at its option and at the cost and expense of Tenant, unless covered by Landlord's insurance, repair or replace any damage or injury done to the Building or any part thereof thereof, caused by Tenant, Tenant's agents, employees, licensees, invitees or visitors. Tenant shall pay the cost thereof, plus interest thereon as provided in Section 15.13 hereinwhich shall include Landlord's administrative fee of 20%, to Landlord on demand. Tenant further agrees to maintain and keep the interior of the Premises in good repair and condition at Tenant's expense. Tenant agrees not to commit or allow any waste or damage to be committed on any portion of the Premises.

Appears in 1 contract

Samples: Lease Agreement (Palmworks Inc)

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Landlord’s Option to Repair. Landlord may, at its option and at the cost and expense of Tenant, unless covered by Landlord's insurance, repair or replace any damage or injury done to the Building or any part thereof caused by Tenant, Tenant's agents, employees, licensees, invitees or visitors. Tenant shall pay the cost thereof, plus interest thereon as provided in Section 15.13 hereinwhich shall include an administrative fee of 10%, to Landlord on demand. Tenant further agrees to maintain and keep the interior of the Premises in good repair and condition at Tenant's expense. Tenant agrees not to commit or allow any waste or damage to be committed on any portion of the Premises.

Appears in 1 contract

Samples: Lease Agreement (2 Infinity Inc)

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