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 Mill I 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 at the Default Rate to the extent permitted by Law) shall be paid by the Lessee to the Lessor on demand as Additional Rent.

Appears in 1 contract

Samples: Mill I Lease (Tenneco Inc /De)

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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 LeaseLease such that an Event of Default has occurred pursuant to Article 17, the Lessor, 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 Mill I Leased Property for such purpose and take all such action thereon as, at the in Lessor's sole discretion’s reasonable 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 reasonable 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 at the Default Rate (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: Lease (Gc Net Lease Reit, Inc.)

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 may, to the extent permitted by law, enter upon the Mill I any 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, in each case, to the extent permitted by law) so incurred, together with interest a late charge thereon at the Default Overdue Rate to (or at the extent maximum rate permitted by Lawlaw, 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 Agreement (Boddie Noell Properties Inc)

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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 LeaseLease such that an Event of Default has occurred pursuant to Article 17, the Lessor, 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 Mill I Leased Property 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 reasonable costs and expenses (including, without limitation, reasonable attorneys' fees and expenses expenses) so incurred, together with interest thereon at the Default Rate (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. 244313 v6/SF 58$H06!.DOC 072098/1642 22.

Appears in 1 contract

Samples: Lease (Gc Net Lease Reit, Inc.)

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