Common use of Landlord’s Right to Perform Tenant’s Covenants Clause in Contracts

Landlord’s Right to Perform Tenant’s Covenants. If Tenant fails to make any payment or perform any other act on its part to be made or performed under this Lease, Landlord may, but shall not be obligated to and without waiving or releasing Tenant from any obligation of Tenant under this Lease, make such payment or perform such other act to the extent Landlord may deem desirable, and in connection therewith, pay expenses and employ counsel. All sums so paid by Landlord and all penalties, interest and costs in connection therewith shall be due and payable by Tenant upon receipt of written demand by Landlord, together with interest thereon at the Interest Rate from the date Tenant receives Landlord's written demand to the date of payment by Tenant to Landlord, plus collection costs and attorneys' fees. Landlord shall have the same rights and remedies for the nonpayment thereof as in the case of default in the payment of Rent.

Appears in 4 contracts

Samples: Standard Single Tenant Lease Triple Net (Media Arts Group Inc), Standard Single Tenant Lease Triple Net (Media Arts Group Inc), Standard Single Tenant Lease Triple Net (Media Arts Group Inc)

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Landlord’s Right to Perform Tenant’s Covenants. If Tenant fails to make any payment or perform any other act on its part to be made or performed under this Lease, and after notice as provided in Section 24, Landlord may, but shall not be obligated to and without waiving or releasing Tenant from any obligation of Tenant under this Lease, make such payment or perform such other act to the extent Landlord may deem desirable, and in connection therewith, pay expenses and employ counsel. All sums so paid by Landlord and all penalties, interest and costs in connection therewith shall be due and payable by Tenant upon receipt of written demand by Landlord, together with interest thereon at the Interest Rate from the date Tenant receives Landlord's ’s written demand to the date of payment by Tenant to Landlord, plus collection costs and attorneys' attorney’s fees. Landlord shall have the same rights and remedies for the nonpayment thereof as in the case of default in the payment of Rent.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Go Daddy Group, Inc.), Purchase and Sale Agreement (Go Daddy Group, Inc.)

Landlord’s Right to Perform Tenant’s Covenants. If Tenant fails shall at ---------------------------------------------- any time fail to make any payment or perform any other act on its part to be made or performed under this Lease, Landlord may, but shall not be obligated to and without waiving or releasing Tenant from any obligation of Tenant under this Leaseto, make such the payment or perform such any other act to the extent Landlord may deem desirabledesirable and, and in connection therewith, pay expenses and employ counsel. Any payment or performance by Landlord shall not waive or release Tenant from any obligations of Tenant under this Lease. All sums so paid by Landlord Landlord, and all penalties, interest and costs in connection therewith therewith, shall be due and payable by Tenant upon receipt of written demand on the next day after any payment by Landlord, together with interest thereon at the Interest Rate Rate, from the that date Tenant receives Landlord's written demand to the date of payment thereof by Tenant to Landlord, plus collection costs and attorneys' fees. Landlord shall have the same rights and remedies for the nonpayment thereof as in the case of default in the payment of Rent.

Appears in 1 contract

Samples: Sublease (Ibeam Broadcasting Corp)

Landlord’s Right to Perform Tenant’s Covenants. If Tenant fails covenants and agrees that if it shall, at any time, fail to make any payment or perform any obligation, agreement or other act on its part to be made or performed under this Leasehereunder, then Landlord may, may (but shall not be obligated so to do), without further demand upon Tenant and without waiving or releasing Tenant from any obligation of Tenant Landlord's rights under this Lease, make such payment or perform such obligation, agreement or other act to the extent Landlord may deem desirable, and in connection therewith, pay expenses and employ counselact. All sums so paid by Landlord Landlord, and all penalties, interest necessary and incidental costs and expenses (including reasonable attorneys' fees) in connection therewith shall be due and payable with the performance of any act by Tenant upon receipt of written demand by LandlordLandlord as provided in the preceding sentence, together with interest thereon thereon, at the Interest Rate from the date Tenant receives Landlord's written demand Default Rate, shall be deemed Additional Rent and shall be payable to the date of payment by Tenant to LandlordLandlord on demand, plus collection costs and attorneys' fees. Landlord shall have the same rights and remedies for in the event of nonpayment thereof by Tenant as in the case of default by Tenant in the payment of the Base Rent.

Appears in 1 contract

Samples: Lease Agreement (Workflow Management Inc)

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Landlord’s Right to Perform Tenant’s Covenants. If Tenant fails to make any payment or perform any other act on its part to be made or performed under this Lease, provided that Landlord has delivered to Tenant written notice and Tenant has failed to commence and diligently pursue such performance within ten (10) days of its receipt of such notice, Landlord may, but shall not be obligated to and without waiving or releasing Tenant from any obligation of Tenant under this Lease, make such payment or perform such other act to the extent Landlord may reasonably deem desirable, and in connection therewith, pay expenses and employ counsel. All sums so paid by Landlord and all penalties, interest and costs in connection therewith shall be due and payable by Tenant upon receipt of written demand by Landlord, together with interest thereon at the Interest Rate from the date Tenant receives Landlord's ’s written demand to the date of payment by Tenant to Landlord, plus collection costs and attorneys' fees. Landlord shall have the same rights and remedies for the nonpayment thereof as in the case of default in the payment of Rent.

Appears in 1 contract

Samples: Lease (Vocera Communications, Inc.)

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