Common use of Landlord’s Self-Help Clause in Contracts

Landlord’s Self-Help. In addition to Landlord's rights of self-help set forth elsewhere in this Lease, if Tenant at any time fails to perform any of its obligations under this Lease in a manner reasonable satisfactory to Landlord, Landlord shall have the right, but not the obligation, upon giving Tenant at least three (3) days' prior notice of its election to do so (but in the event of any emergency, no prior notice shall be required), to perform such obligations on behalf of and for the account of Tenant and to take all such action to perform such obligations. In such event, Tenant shall reimburse Landlord on demand the costs and expenses incurred by Landlord in connection therewith as additional Rent, with interest thereon from the dates) such costs and expenses are incurred until paid at the Default Rate. The performance by Landlord of any such obligation shall not constitute a waiver of any default by Tenant or a release of Tenant therefrom.

Appears in 2 contracts

Samples: Lease (Eateries Inc), Lease (Eateries Inc)

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Landlord’s Self-Help. In addition to Landlord's rights of self-help set forth elsewhere in this Lease, if Tenant at any time fails to perform any upon an Event of its obligations under this Lease in a manner reasonable satisfactory to LandlordDefault, Landlord shall have the right, but not the obligation, upon giving Tenant at least three (3) days' days prior written notice of its election to do so (but in the event of any emergency, emergency no prior notice shall be required), ) to perform such obligations on behalf of and for the account of Tenant and to take all such action to perform such obligations. In such event, Tenant shall reimburse Landlord on demand the Landlord's reasonable costs and expenses incurred therein shall be paid for by Landlord in connection therewith Tenant as additional Additional Rent, forthwith, upon demand therefor, with interest thereon from the dates) date Landlord performs such costs and expenses are incurred until paid work at the Default Lease Interest Rate. The performance by Landlord of any such obligation shall not constitute a release or waiver of any default by Tenant or a release of Tenant therefrom.

Appears in 1 contract

Samples: Lease Agreement (Barnesandnoble Com Inc)

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Landlord’s Self-Help. In addition to Landlord's rights of self-help set forth elsewhere in this Leaselease, if Tenant at any time fails to perform any of its obligations under this Lease lease in a manner reasonable satisfactory to Landlord, Landlord shall have the right, right but not the obligation, upon giving Tenant at least three five (35) days' prior written notice of its election to do so (but in the event of any emergency, emergency no prior notice shall be required), ) to perform such obligations on behalf of and for the account of Tenant and to take all such action to perform such obligations. In such event, Tenant shall reimburse Landlord on demand the Landlord's costs and expenses incurred therein including, but not limited to, attorneys' fees in instituting, prosecuting or defending any action or proceeding, shall be paid for by Landlord in connection therewith Tenant as additional Rentrent, forthwith, with interest thereon from the dates) such costs and expenses are incurred until paid at the Default RateInterest (as defined in Section 11.10). The performance by Landlord of any such obligation shall not constitute a release or waiver of any default by Tenant or a release of Tenant therefrom.

Appears in 1 contract

Samples: Lease (Western Beef Inc /De/)

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