Common use of LANDLORD'S RIGHT TO PERFORM FOR ACCOUNT OF TENANT Clause in Contracts

LANDLORD'S RIGHT TO PERFORM FOR ACCOUNT OF TENANT. If an Event of Default shall occur hereunder, Landlord may, at any time, cure said Event of Default for the account and at the reasonable expense of Tenant. Tenant shall pay, on demand, to Landlord, with interest at the maximum legal rate, if any, otherwise at 18% per year, the amount so paid, expended, or incurred by the Landlord and any reasonable expense of Landlord including reasonable attorney’s fees incurred in connection with such Event of Default; and all of the same shall be deemed to be Additional Rent.

Appears in 2 contracts

Samples: Lease Agreement (Agile Therapeutics Inc), Lease Agreement (Agile Therapeutics Inc)

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LANDLORD'S RIGHT TO PERFORM FOR ACCOUNT OF TENANT. If an Event of Tenant shall be in Default shall occur hereunder, Landlord may, at any timetime thereafter, cure said Event of Default for the account and at the reasonable expense of Tenant. Tenant shall pay, with interest at the minimum legal rate, on demand, to Landlord, with interest at the maximum legal rate, if any, otherwise at 18% per year, the amount so paid, expended, or incurred by the Landlord and any reasonable expense of Landlord including attorney's reasonable attorney’s fees incurred in connection with such Event of Default; and all of the same shall be deemed to be Additional Rentadditional rent.

Appears in 1 contract

Samples: Lease (American Drug Co)

LANDLORD'S RIGHT TO PERFORM FOR ACCOUNT OF TENANT. If an Event of Default shall occur hereunder, Landlord may, at any time, cure said Event of Default for the account and at the reasonable expense of Tenant. Tenant shall pay, on demand, to Landlord, with interest at the maximum legal rate, if any, otherwise at 18% per yearas required by Section 20.09 hereof, the amount so paid, expended, or incurred by the Landlord and any reasonable expense of Landlord Landlord, including reasonable attorney’s fees attorneys’ fees, incurred in connection with such Event of Default; and all of the same shall be deemed to be Additional Rent.

Appears in 1 contract

Samples: Lease (Edge Therapeutics, Inc.)

LANDLORD'S RIGHT TO PERFORM FOR ACCOUNT OF TENANT. If an Event of Tenant shall be in Default shall occur hereunder, Landlord may, at any timetime thereafter, cure said Event of Default for the account and at the reasonable expense of Tenant. Tenant shall pay, with interest at the lesser of twelve percent (12%) or the maximum legal rate, on demand, to Landlord, with interest at the maximum legal rate, if any, otherwise at 18% per year, the amount so paid, expended, or incurred by the Landlord and any reasonable expense of Landlord including attorney's reasonable attorney’s fees incurred in connection with such Event of Default; and all of the same shall be deemed to be Additional Rent.

Appears in 1 contract

Samples: Sublease (United Auto Group Inc)

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LANDLORD'S RIGHT TO PERFORM FOR ACCOUNT OF TENANT. If an Event of Default shall occur hereunder, Landlord may, at any time, cure said Event of Default for the account and at the reasonable expense of Tenant. Tenant shall pay, on demand, to Landlord, with interest at the maximum legal rate, if any, otherwise at 18% per year, the amount so paid, expended, or incurred by the Landlord and any reasonable expense of Landlord including reasonable attorney’s fees incurred in connection with such Event of Default; and all of the same shall be deemed to be Additional Rent.

Appears in 1 contract

Samples: Lease Agreement (Sco Group Inc)

LANDLORD'S RIGHT TO PERFORM FOR ACCOUNT OF TENANT. If an Event of Tenant shall be in Default shall occur hereunder, Landlord or any Mortgagee may, at any timetime thereafter, cure said Event of Default for the account and at the reasonable expense of Tenant. Tenant shall pay, with interest at the Lease Interest Rate (as hereinafter defined), on demand, to Landlord, with interest at the maximum legal rate, if any, otherwise at 18% per year, the amount so paid, expended, or incurred by the Landlord and any reasonable expense of Landlord including reasonable attorney’s reasonable fees incurred in connection with such Event of Default; and all of the same shall be deemed to be Additional Rentadditional rent.

Appears in 1 contract

Samples: Lease

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