Common use of Lessor’s Remedies Clause in Contracts

Lessor’s Remedies. In the event of Xxxxxx’s default that also constitutes an event of default under the Facilities Lease, Lessor shall have the right to terminate this Lease if such event of default has continued uncured for a period of thirty (30) days following Lessor providing Lessee with written notice of the default or to assign this Lease in accordance with Section 9.4.2 of the Facilities Lease. If the default does not constitute an event of default under the Facilities Lease, Lessor shall not have the right to terminate or assign, but Lessor shall have all other rights to compel Lessee to perform and to collect any and all sums owed to Lessor under the Lease. Subject to the terms of this Section 8.4, Lessor shall be entitled to enforce all of Lessor's rights and remedies now or hereafter available in equity and at law for Xxxxxx’s default under this Lease. Lessor’s remedies shall be cumulative, and the exercise of any one or more shall not prevent it from exercising any other right or remedy for Xxxxxx’s default.

Appears in 7 contracts

Samples: Site Lease, Site Lease, Site Lease

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!