Common use of LESSOR MAY PERFORM Clause in Contracts

LESSOR MAY PERFORM. If Lessee, at any time, shall fail to pay any sum which Lessee is required by this Agreement to pay or shall fail to do or perform any other act Lessee is required by this Agreement to do or perform, Lessor at its option may pay such sum or do or perform such act, and Lessee shall reimburse Lessor on demand for the amount of such payment and for the cost and expense which may be incurred by Lessor for such acts or performance, together with interest thereon at the Default Rate (as defined in Section 18 of this Agreement) from the date of demand until paid.

LESSOR MAY PERFORM. If Lessee, Lessee at any time, time shall fail to pay any sum which Lessee is required by this Agreement to pay or shall fail to do or perform any other act Lessee is required by this Agreement to do or perform, Lessor at its option may pay such sum or do or perform such act, and Lessee shall reimburse Lessor on demand for the amount of such payment and for the cost and expense which may be incurred by Lessor for such acts or performance, together with interest thereon at the Default Rate (as defined in Section 18 of this Agreement) from the date of demand until paid.