Common use of Lessor may remedy Lessee’s default Clause in Contracts

Lessor may remedy Lessee’s default. (a) If an Event of Default occurs or the Lessee otherwise fails to perform any of the Lessee's Obligations, the Lessor may without prejudice to the Lessor's rights arising from the Event of Default or the failure to perform, remedy that Event of Default or the failure to perform as if the Lessor was the Lessee, at the Lessee's cost. The Lessee must pay to the Lessor all liabilities incurred by the Lessor in remedying an Event of Default or failure to perform.

Appears in 11 contracts

Samples: Lease, Lease, Lease

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