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

Lessor’s Right to Cure Lessee’s Default. If an Event of Default shall have occurred and be continuing, Lessor, after Notice to Lessee (which Notice shall not be required if Lessor shall reasonably determine there is an Emergency Requirement), without waiving or releasing any obligation of Lessee and without waiving or releasing any Event of Default, may (but shall not be obligated to), at any time thereafter, make such payment or perform such act for the account and at the expense of Lessee, and may, to the maximum extent permitted by law, enter upon the Cypress Premises and the Improvements or any portion thereof for such purpose and take all such action with respect to the Personal Property thereon as, in the reasonable opinion of the Lessor and subject to Minister’s consent, may be necessary or appropriate therefor. All reasonable costs and expenses (including, without limitation, reasonable legal fees) incurred by Lessor in connection therewith, together with interest thereon (to the extent permitted by law) at the Interest Rate from the date such sums are paid by Lessor until repaid, shall be reimbursed by Lessee to Lessor, on demand.

Lessor’s Right to Cure Lessee’s Default. If an Event of Default by Lessee shall have occurred and be continuing, Lessor, after Notice to Lessee (which Notice shall not be required if Lessor shall reasonably determine there immediate action is an Emergency Requirementnecessary to protect person or property), without waiving or releasing any obligation of Lessee and without waiving or releasing any Event of DefaultDefault by Lessee, may (but shall not be obligated to), at any time thereafter, make such payment or perform such act for the account and at the expense of Lessee, and may, to the maximum extent permitted by lawApplicable Law, enter upon access any or all of the Cypress Premises and the Improvements or any portion thereof Leased Property for such purpose and take all such action with respect to the Personal Property thereon as, in the reasonable opinion of the Lessor Lessor’s sole and subject to Minister’s consentabsolute discretion, may be necessary or appropriate therefor. All reasonable costs and expenses (including, without limitation, reasonable legal attorneys’ fees) incurred by Lessor in connection therewith, together with interest thereon (to the extent permitted by lawApplicable Law) at the Interest Default Rate from the date such sums are paid by Lessor until repaid, shall be reimbursed paid by Lessee to Lessor, on demand.

Lessor’s Right to Cure Lessee’s Default. If an Event of Default shall have occurred and be continuing, Lessor, after Notice to Lessee (which Notice shall not be required if Lessor shall reasonably determine there immediate action is an Emergency Requirementnecessary to protect person or property), without waiving or releasing any obligation of Lessee and without waiving or releasing any Event of Default, may (but shall not be obligated to), at any time thereafter, make such payment or perform such act for the account and at the expense of Lessee, and may, to the maximum extent permitted by law, enter upon the Cypress Premises and the Improvements Leased Property or any portion thereof for such purpose and take all such action with respect to the Personal Property thereon as, in the reasonable opinion of the Lessor Lessor's sole and subject to Minister’s consentabsolute discretion, may be necessary or appropriate therefor. No such entry shall be deemed an eviction of Lessee. All reasonable costs and expenses (including, without limitation, reasonable legal attorneys' fees and paralegals' fees) incurred by Lessor in connection therewith, together with interest thereon (to the extent permitted by lawApplicable Laws) at the Interest Overdue Rate from the date such sums are paid by Lessor until repaid, shall be reimbursed paid by Lessee to Lessor, on demand.