Common use of LANDLORD'S RIGHT TO PERFORM TENANT OBLIGATIONS Clause in Contracts

LANDLORD'S RIGHT TO PERFORM TENANT OBLIGATIONS. If Tenant ---------------------------------------------- fails promptly to make any repairs, payments or otherwise take any actions that are Tenant's obligation to make or do under this Lease, Landlord, at its option, may make or perform same at the expiration of any applicable Notice and grace period provided for herein (except that upon any emergency presenting immediate danger to person or property, such Notice and grace period shall only be what is reasonable under the circumstances), and Tenant shall pay Landlord, upon demand and receipt of evidence of payment, as Additional Rent, Landlord's actual costs plus interest thereon from the date of expenditure until paid at the Lease Interest Rate. The provisions of this Section 6.4 shall be for the sole and exclusive benefit of Landlord. Nothing contained herein shall be construed so as to require Landlord to exercise any of its rights under this Section 6.4.

Appears in 2 contracts

Samples: Contribution Agreement (Red Lion Hotels Inc), Lease Agreement (Red Lion Hotels Inc)

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LANDLORD'S RIGHT TO PERFORM TENANT OBLIGATIONS. If Tenant ---------------------------------------------- fails promptly to make any repairs, payments or otherwise take any actions that are Tenant's obligation to make or do under this Lease, Landlord, at its option, may make or perform same at the expiration of any applicable Notice and grace period provided for herein (except that upon any emergency presenting immediate danger to person or property, such Notice and grace period shall only be what is reasonable under the circumstances), and Tenant shall pay Landlord, upon demand and receipt of evidence of payment, as Additional Rent, Landlord's actual costs plus interest thereon from the date of expenditure until paid at the Lease Interest Rate. The provisions of this Section 6.4 shall be for the sole and exclusive benefit of Landlord. Nothing contained herein shall be construed so as to require Landlord to exercise any of its rights under this Section 6.4.

Appears in 1 contract

Samples: Lease Agreement (Doubletree Corp)

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LANDLORD'S RIGHT TO PERFORM TENANT OBLIGATIONS. If Tenant ---------------------------------------------- fails promptly to make any repairs, payments or otherwise take any actions that are Tenant's obligation to make or do under this Lease, Landlord, at its option, may make or perform same at the expiration of any applicable Notice and grace period provided for herein (except that upon in the event of any emergency presenting immediate danger to person or property, such Notice and grace period shall only be what is reasonable under the circumstances), and Tenant shall pay Landlord, upon demand and receipt of evidence of payment, as Additional RentRental, Landlord's actual costs plus interest thereon from the date of expenditure until paid at the Lease Interest Rate. The provisions of this Section 6.4 6.04 shall be for the sole and exclusive benefit of Landlord. Nothing contained herein shall be construed so as to require Landlord to exercise any of its rights under this Section 6.46.04.

Appears in 1 contract

Samples: Lease Agreement (Senior Housing Properties Trust)

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