Lessee’s Remedies. In the event of any such default under or breach of the terms of this Lease by Lessor, Lessee may, at Lessee’s option, at any time thereafter that such default or breach remains uncured, after ten days prior written notice to Lessee, perform any act that Lessor is required to do or perform any act or to pay any sum to a Third Party, at Lessor’s expense (to the extent the terms of this Lease require such performance at Lessor’s expense) or pay such sum for and on behalf of Lessor, and the amounts so expended by Lessee shall be repayable on demand, and bear interest from the date expended by Lessee until paid at the Post-Maturity Rate. Lessee may, at Lessee’s option, deduct any such amounts so expended by Lessee from the Rent and any other amounts owed hereunder or under any Ancillary Agreement and any such action on the part of Lessee shall be in addition to any other remedy that may be available to Lessee for default or breach of contract, or otherwise, including the right of setoff.
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Samples: Lease and Access Agreement (HollyFrontier Corp), Lease and Access Agreement (Holly Energy Partners Lp)
Lessee’s Remedies. In the event of any such default under or breach of the terms of this Lease by Lessor, Lessee Lessees may, at Lessee’s Lessees’ option, at any time thereafter that such default or breach remains uncured, after ten days prior written notice to LesseeLessees, perform any act that Lessor is required to do or perform any act or to pay any sum to a Third Party, at Lessor’s expense (to the extent the terms of this Lease require such performance at Lessor’s expense) or pay such sum for and on behalf of Lessor, and the amounts so expended by Lessee Lessees shall be repayable on demand, and bear interest from the date expended by Lessee Lessees until paid at the Post-Maturity Rate. Lessee Lessees may, at Lessee’s Lessees’ option, deduct any such amounts so expended by Lessee Lessees from the Rent and any other amounts owed hereunder or under any Ancillary Agreement and any such action on the part of Lessee Lessees shall be in addition to any other remedy that may be available to Lessee Lessees for default or breach of contract, or otherwise, including the right of setoff.
Appears in 2 contracts
Samples: Lease and Access Agreement (Holly Energy Partners Lp), Lease and Access Agreement (Holly Corp)
Lessee’s Remedies. In the event of any such material default under or material breach of the terms of this Lease by Lessor, Lessee may, at Lessee’s option, at any time thereafter that such default or breach remains uncured, after ten days prior written notice to Lessee, perform any act that Lessor is required to do or perform any act or to pay any sum to a Third Party, at Lessor’s expense (to the extent the terms of this Lease require such performance at Lessor’s expense) or pay such sum for and on behalf of Lessor, and the amounts so expended by Lessee shall be repayable on demand, and bear interest from the date expended by Lessee until paid at the Post-Maturity Rate. Lessee may, at Lessee’s option, deduct any such amounts so expended by Lessee from the Rent and any other amounts owed hereunder or under any Ancillary Agreement and any such action on the part of Lessee shall be in addition to any other remedy that may be available to Lessee for default or breach of contract, or otherwise, including the right of setoff.
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Lessee’s Remedies. In the event of any such material default under or material breach of the terms of this Lease by Lessor, Lessee may, at Lessee’s option, at any time thereafter HOU03:1337014 - 14 - that such default or breach remains uncured, after ten 30 days prior written notice to LesseeLessor, perform any act that Lessor is required to do or perform any act or to pay any sum to a а Third Party, at Lessor’s expense (to the extent the terms of this Lease require such performance at Lessor’s expense) or pay such sum for and on behalf of Lessor, and the amounts so expended by Lessee shall be repayable on demand, and bear interest from the date expended by Lessee until paid at the Post-Maturity Rate. Lessee may, at Lessee’s option, deduct any such amounts so expended by Lessee from the Rent and any other amounts owed hereunder or under any Ancillary Agreement and any such action on the part of Lessee shall be in addition to any other remedy that may be available to Lessee for default or breach of contract, or otherwise, including the right of setoff.
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Samples: Lease and Access Agreement (Delek Logistics Partners, LP)
Lessee’s Remedies. In the event of any such material default under or material breach of the terms of this Lease by Lessor, Lessee may, at Lessee’s option, at any time thereafter that such default or breach remains uncured, after ten 30 days prior written notice to LesseeLessor, perform any act that Lessor is required to do or perform any act or to pay any sum to a Third Party, at Lessor’s expense (to the extent the terms of this Lease require such performance at Lessor’s expense) or pay such sum for and on behalf of Lessor, and the amounts so expended by Lessee shall be repayable on demand, and bear interest from the date expended by Lessee until paid at the Post-Maturity Rate. Lessee may, at Lessee’s option, deduct any such amounts so expended by Lessee from the Rent and any other amounts owed hereunder or under any Ancillary Agreement and any such action on the part of Lessee shall be in addition to any other remedy that may be available to Lessee for default or breach of contract, or otherwise, including the right of setoff.
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Lessee’s Remedies. In Upon the event occurrence of any such default under or breach of the terms of this Lease by Lessorevents described in Section 10.3, Lessee may, at Lessee’s option, at any time thereafter that such default or breach remains uncured, after ten days prior written notice to Lessee, perform any act that Lessor is required to do do, or perform any act or to pay any sum to a Third Party, at Lessor’s expense (to the extent the terms of this Asset Lease require such performance at Lessor’s expense) or pay such sum for and on behalf of Lessor, and the amounts so expended by Lessee shall be repayable on demand, and bear interest from the date expended by Lessee until paid at the Post-Maturity Default Rate. Lessee may, at Lessee’s option, deduct any such amounts so expended by Lessee from the Rent Lease Payment and any other amounts owed hereunder or under any Ancillary Agreement and any such action on the part of Lessee shall be in addition to any other remedy that may be available to Lessee for default or breach of contract, or otherwise, including the right of setoff.
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