Common use of Lessor's Right to Perform for Lessee Clause in Contracts

Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any payments and expenses of Lessor incurred in connection with such performance or compliance (including attorney fees), together with interest thereon at the lesser of the rate of eighteen percent (18%) per annum, or the highest rate permitted by law shall be deemed additional rent payable by Lessee upon demand.

Appears in 3 contracts

Samples: Master Lease Agreement (Tropicana Las Vegas Hotel & Casino, Inc.), Master Lease Agreement, Master Lease Agreement (Alpine Air Express Inc/De)

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Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any payments and expenses of Lessor incurred in connection with such performance or compliance (including attorney attorneys’ fees), together with interest thereon at the lesser of the rate of eighteen percent (18%) per annum, or the highest rate permitted by law shall be deemed additional rent payable by Lessee upon demand.

Appears in 2 contracts

Samples: Master Lease Agreement (Southwall Technologies Inc /De/), Master Lease Agreement (Southwall Technologies Inc /De/)

Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any payments and expenses of Lessor incurred in connection with such performance or compliance (including attorney fees)compliance, together with interest thereon at the lesser of the rate of eighteen percent (18%) per annumprovided in paragraph 15 below, or the highest rate permitted by law shall be deemed additional rent Rental payable by Lessee upon demand.

Appears in 1 contract

Samples: Guaranty Agreement (Sma Real Time Inc)

Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any payments and expenses of Lessor reasonably incurred in connection with such performance or compliance (including attorney fees), together with interest thereon at the lesser of the rate of eighteen percent (18%) per annum, or the highest rate permitted by law shall be deemed additional rent payable by Lessee upon demand.

Appears in 1 contract

Samples: Master Lease Agreement (Birks Group Inc.)

Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any payments and expenses of Lessor incurred in connection with such performance or compliance (including attorney fees), together with interest thereon at the lesser of the rate of eighteen percent (18%) per annum, or the highest rate permitted by law shall be deemed additional rent payable by Lessee upon demand.of

Appears in 1 contract

Samples: Master Lease Agreement (Petco Animal Supplies Inc)

Lessor's Right to Perform for Lessee. If Lessee fails to perform or ------------------------------------- comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any payments and expenses of Lessor incurred in connection with such performance or compliance (including attorney attorneys' fees), together with interest thereon at the lesser of the rate of eighteen percent (18%) per annum, or the highest rate permitted by law shall be deemed additional rent payable by Lessee upon demand.

Appears in 1 contract

Samples: Master Lease Agreement (Star Scientific Inc)

Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any arty payments and expenses of Lessor incurred in connection with such performance or compliance (including attorney fees), together with interest thereon at the lesser of the rate of eighteen percent (18%) per annum, or the highest rate permitted by law shall be deemed additional rent payable by Lessee upon demand.

Appears in 1 contract

Samples: Master Lease Agreement (Coates International LTD \De\)

Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements agreement contained herein, Lessor may perform shall have the right, but not the obligation, to effect such performance or comply with such agreements compliance, and the amount of any payments and out-of-pocket expenses of Lessor incurred in connection with such the performance of or compliance (including attorney fees)with such agreement, together with interest thereon at the lesser of the rate of eighteen percent (18%) per annumLate Payment Penalty, or the highest rate permitted by law shall be deemed additional rent rent, payable by Lessee upon demand. 14.

Appears in 1 contract

Samples: Equipment Lease Agreement (Chapman Holdings Inc)

Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any payments and expenses of Lessor incurred in connection with such performance or compliance (including 'attorney fees), together with interest thereon at the lesser of the rate of eighteen percent (18%) per annum, or the highest rate permitted by law shall be deemed additional rent payable by Lessee upon demand.. r.

Appears in 1 contract

Samples: Master Lease Agreement (Ucn Inc)

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Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any payments and expenses of Lessor incurred in connection with such performance or compliance (including attorney fees), together with interest thereon at the lesser of the rate of eighteen twelve percent (1812%) per annum, or the highest rate permitted by law shall be deemed additional rent payable by Lessee upon demand.

Appears in 1 contract

Samples: Master Lease Agreement (Penn Treaty American Corp)

Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any payments and expenses of Lessor incurred in connection with such performance or compliance (including attorney fees)compliance, together with interest thereon at the lesser of the rate of eighteen percent (18%) per annumprovided in Section 16 below, or the highest rate permitted by law shall be deemed additional rent Rental payable by Lessee upon demand.

Appears in 1 contract

Samples: Broadcast Com Inc

Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any payments and expenses of Lessor incurred in connection with such performance or compliance (including attorney attorneys' fees), together with interest thereon at the lesser of the rate of eighteen percent (18%) per annum, or the highest rate permitted by law shall be deemed additional rent payable by Lessee upon demand.

Appears in 1 contract

Samples: Master Lease Agreement (Amphastar Pharmaceuticals, Inc.)

Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any payments and expenses of Lessor incurred in connection with such performance or compliance (including attorney attorneys' fees), together with interest thereon at the lesser of the rate of eighteen percent (18%) per annum, or the highest rate permitted by law shall be deemed additional rent payable by Lessee upon demand.

Appears in 1 contract

Samples: Master Lease Agreement (Covista Communications Inc)

Lessor's Right to Perform for Lessee. If Lessee fails to perform or comply with any of its agreements contained herein, Lessor may perform or comply with such agreements and the amount of any payments and expenses of Lessor incurred in connection with such performance or compliance (including reasonable attorney fees), together with interest thereon at the lesser of the rate of eighteen percent (18%) per annum, or the highest rate permitted by law shall be deemed additional rent payable by Lessee upon demand.

Appears in 1 contract

Samples: Master Lease Agreement (Great Basin Scientific, Inc.)

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