Common use of Lessor’s Right to Cure Lessee’s Default Clause in Contracts

Lessor’s Right to Cure Lessee’s Default. If the Lessee shall fail to make any payment or perform any act required to be made or performed under this Lease, the Lessor, without waiving any default or releasing Lessee from any obligation, may (but shall be under no obligation to) make such payment or perform such act for the account and at the cost and expense of the Lessee, and may enter upon the Property for such purpose and take all such action thereon as, at the Lessor's sole discretion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of the Lessee or a breach of the Lessor's covenant for quiet possession pursuant to paragraph 2(b). All sums so paid by the Lessor and all costs and expenses (including, without limitation, reasonable attorneys' fees and expenses so incurred, together with interest thereon to the extent permitted by Law) shall be paid by the Lessee to the Lessor on demand as Additional Rent.

Appears in 2 contracts

Samples: Participation Agreement (Ferro Corp), Participation Agreement (Ferro Corp)

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Lessor’s Right to Cure Lessee’s Default. If the Lessee shall fail to make any payment or to perform any act required to be made or performed under this Leasehereunder, the Lessor, without waiving any default or releasing Lessee from any obligationobligation or default, may (may, but shall be under no obligation to) , make such payment or perform such act for the account and at the cost and expense of the Lessee, and may may, to the extent permitted by law, enter upon the Leased Property and any Capital Additions for such purpose and take all such action thereon as, at the in Lessor's sole discretion’s opinion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of the Lessee or a breach of the Lessor's covenant for quiet possession pursuant to paragraph 2(b)Lessee. All sums so paid by the Lessor and all costs and expenses (includingexpenses, without limitation, including reasonable attorneys' fees and expenses expenses, so incurred, together with interest thereon to at the extent permitted Overdue Rate from the date on which such sums or expenses are paid or incurred by Law) Lessor, shall be paid by the Lessee to the Lessor on demand as Additional Rentdemand.

Appears in 2 contracts

Samples: Master Lease (Capital Senior Living Corp), Lease (Capital Senior Living Corp)

Lessor’s Right to Cure Lessee’s Default. If the Lessee shall fail to make any payment or to perform any act required to be made or performed under this Leasehereunder, the Lessor, without waiving any default or releasing Lessee from any obligationobligation or default, may (may, but shall be under no obligation to) , make such payment or perform such act for the account and at the cost and expense of the Lessee, and may may, to the extent permitted by law, enter upon the Leased Property and any Capital Addition thereto for such purpose and take all such action thereon as, at the in Lessor's sole discretionopinion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of the Lessee or a breach of the Lessor's covenant for quiet possession pursuant to paragraph 2(b)Lessee. All sums so paid by the Lessor and all costs and expenses (includingexpenses, without limitation, including reasonable attorneys' fees and expenses expenses, so incurred, together with interest thereon to at the extent permitted Overdue Rate from the date on which such sums or expenses are paid or incurred by Law) Lessor, shall be paid by the Lessee to the Lessor on demand as Additional Rentdemand.

Appears in 1 contract

Samples: Emeritus Corp\wa\

Lessor’s Right to Cure Lessee’s Default. If the Lessee shall fail to make any payment or to perform any act required to be made or performed under this Leasehereunder as and when required, the Lessor, without waiving any default or releasing Lessee from any obligationobligation or default, may (may, but shall be under no obligation to) , make such payment or perform such act for the account and at the cost and expense of the Lessee, and may may, to the extent permitted by law, enter upon the Leased Property and any Capital Addition thereto for such purpose and take all such action thereon as, at the in Lessor's sole discretionopinion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of the Lessee or a breach of the Lessor's covenant for quiet possession pursuant to paragraph 2(b)Lessee. All sums so paid by the Lessor and all costs and expenses (includingexpenses, without limitation, including reasonable attorneys' fees and expenses expenses, so incurred, together with interest thereon to at the extent permitted Overdue Rate from the date on which such sums or expenses are paid or incurred by Law) Lessor, shall be paid by the Lessee to the Lessor on demand as Additional Rentdemand.

Appears in 1 contract

Samples: Balanced Care Corp

Lessor’s Right to Cure Lessee’s Default. If the Lessee shall fail to make any payment or to perform any act required to be made or performed under this Leasehereunder, the Lessor, without waiving any default or releasing Lessee from any obligationobligation or default, may (after written notice to Lessee, but shall be under no obligation to) , make such payment or perform such act for the account and at the cost and expense of the Lessee, and may may, to the extent permitted by law, enter upon the Leased Property and any Capital Addition thereto for such purpose and take all such action thereon as, at the in Lessor's sole discretionopinion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of the Lessee or a breach of the Lessor's covenant for quiet possession pursuant to paragraph 2(b)Lessee. All sums so paid by the Lessor and all costs and expenses (includingexpenses, without limitation, including reasonable attorneys' fees and expenses expenses, so incurred, together with interest thereon to at the extent permitted Overdue Rate from the date on which such sums or expenses are paid or incurred by Law) Lessor, shall be paid by the Lessee to the Lessor on demand as Additional Rentdemand.

Appears in 1 contract

Samples: Integrated Living Communities Inc

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Lessor’s Right to Cure Lessee’s Default. If the Lessee shall fail to make any payment or to perform any act required to be made or performed under this Leasehereunder, the Lessor, without waiving any default or releasing Lessee from any obligationobligation or default, may (may, but shall be under no obligation to) , make such payment or perform such act for the account and at the cost and expense of the Lessee, and may may, to the extent permitted by law, enter upon the Leased Property and any Capital Additions for such purpose and take all such action thereon as, at the in Lessor's sole discretion’s opinion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of the Lessee or a breach of the Lessor's covenant for quiet possession pursuant to paragraph 2(b)Lessee. All sums so paid by the Lessor and all costs and expenses (includingexpenses, without limitation, including reasonable attorneys' fees and expenses expenses, so incurred, together with interest thereon to at the extent permitted Overdue Rate from the date on which such sums or expenses are paid or incurred by Law) Lessor, shall be paid by the Lessee to the Lessor on demand as Additional Rent.demand. ARTICLE XVIII. 18.1

Appears in 1 contract

Samples: Master Lease Agreement

Lessor’s Right to Cure Lessee’s Default. If the Lessee shall fail to make any payment or perform any act required to be made or performed under this Lease, the Lessor, after notice to and demand upon Lessee, and without waiving any default or releasing Lessee from any obligationobligation or Default, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the cost and expense of the Lessee, and may enter upon the Leased Property for such purpose and take all such action thereon as, at the in Lessor's sole discretionopinion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of the Lessee or a breach of the Lessor's covenant for quiet possession pursuant to paragraph 2(b)Lessee. All sums so paid by the Lessor and all costs and expenses (including, without limitation, reasonable attorneys' fees and expenses expenses) so incurred, together with interest thereon (to the extent permitted by Lawlaw) at the Overdue Rate (or at the maximum rate permitted by law, whichever is the lesser) from the date on which such sums or expenses are paid or incurred by Lessor, shall be paid by the Lessee to the Lessor on demand as Additional Rentdemand.

Appears in 1 contract

Samples: Master Lease (Quantum Corp /De/)

Lessor’s Right to Cure Lessee’s Default. If the Lessee shall fail to make any payment or to perform any act required to be made or performed under this Leasehereunder, the Lessor, without waiving any default or releasing Lessee from any obligationobligation or default, may (may, but shall be under no obligation to) , make such payment or perform such act for the account and at the cost and expense of the Lessee, and may may, to the extent permitted by law, enter upon the Leased Property and any Capital Additions for such purpose and take all such action thereon as, at the in Lessor's sole discretionopinion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of the Lessee or a breach of the Lessor's covenant for quiet possession pursuant to paragraph 2(b)Lessee. All sums so paid by the Lessor and all costs and expenses (includingexpenses, without limitation, including reasonable attorneys' fees and expenses expenses, so incurred, together with interest thereon to at the extent permitted Overdue Rate from the date on which such sums or expenses are paid or incurred by Law) Lessor, shall be paid by the Lessee to the Lessor on demand as Additional Rentdemand.

Appears in 1 contract

Samples: Master Lease (Ensign Group, Inc)

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