Common use of Lessor Default Clause in Contracts

Lessor Default. In the event hereunder by Lessor, Lessee may, if such default continues after a reasonable notice period following receipt of written notice thereof to Lessor, cure such default for the account and at the expense of Lessor. If Lessee at any time after the expiration of such curative period by reason of such breach, is compelled to pay, or elects to pay, any sum of money or do any act which will require the payment of any sum of money, or is compelled to incur any expense, including reasonable attorney's fees, in instituting, prosecuting and/or defending any action or proceeding to enforce Lessee's rights hereunder or otherwise, the sum or sums so paid by Lessee, with all interest, costs and damages, shall on demand be paid by Lessor to Lessee.

Appears in 2 contracts

Samples: Ground Lease Agreement (FFP Marketing Co Inc), Lease Agreement (FFP Marketing Co Inc)

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Lessor Default. In the event of any default hereunder by Lessor, Lessee may, if such default continues after a reasonable notice period following receipt of written notice thereof to Lessor, cure such default for the account and at the expense of Lessor. If Lessee at any time after the expiration of such curative period by reason of such breach, is compelled to pay, or elects to pay, any sum of money or do any act which will require the payment of any sum of money, or is compelled to incur any expense, including reasonable attorney's fees, in instituting, prosecuting and/or defending any action or proceeding to enforce Lessee's rights hereunder or otherwise, the sum or sums so paid by Lessee, with all interest, costs and damages, shall on demand be paid by Lessor to LesseeLessee but Lessee shall have no right to offset any such sums against any amounts which may be due to Lessor hereunder.

Appears in 2 contracts

Samples: Lease Agreement (FFP Partners L P), Building Lease Agreement (FFP Marketing Co Inc)

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Lessor Default. In the event of any default hereunder by Lessor, Lessee may, if such default continues after a reasonable notice period following receipt of written notice thereof to Lessor, cure such default for the account and at the expense of Lessor. If Lessee at any time after the expiration of such curative period by reason of such breach, breach is compelled to pay, or elects to pay, any sum of money or do any act which will require the payment of any sum of money, or is compelled to incur any expense, including reasonable attorney's fees, in instituting, prosecuting prosecuting, and/or defending any action or proceeding to enforce Lessee's rights hereunder or otherwise, the sum or sums so paid by Lessee, with all interest, costs costs, and damages, shall on demand be paid by Lessor to Lessee, but Lessee shall have no right to offset any such sums against any amounts which may be due to Lessor hereunder.

Appears in 1 contract

Samples: Master Lease Agreement (FFP Partners L P)

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