Common use of Landlord's Right to Release Lien Clause in Contracts

Landlord's Right to Release Lien. In the event that Tenant shall not, within thirty (30) days following the imposition of any lien described in Section 9.1 above, cause same to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right but not the obligation to cause same to be released by such means as it shall deem proper, including payment of the claim giving rise to such lien. All such sums paid by Landlord and all expenses incurred by it in connection therewith shall be considered Additional Rent and shall be payable to it by Tenant on demand. Any such action by Landlord shall not in any event be deemed a waiver of Tenant's default with respect thereto.

Appears in 3 contracts

Samples: Lease Agreement (CampusU), Lease Agreement (Cryomedical Sciences Inc), Lease Agreement (Precision Auto Care Inc)

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Landlord's Right to Release Lien. In the event that Tenant shall not, within thirty (30) days following the imposition and notification of the lien of any lien described in Section 9.1 above, cause same to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right but not the obligation to cause same to be released by such means as it shall deem proper, including payment of the claim giving rise to such lien. All such sums paid by Landlord and all expenses incurred by it in connection therewith shall be considered Additional Rent and shall be payable to it by Tenant on demand. Any such action by Landlord shall not in any event be deemed a waiver of Tenant's ’s default with respect thereto.

Appears in 1 contract

Samples: Lease Agreement (K2m Group Holdings, Inc.)

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