LESSOR’S RIGHT TO PERFORM LESSEE’S COVENANTS. If Lessee shall default in the performance of any of its covenants, obligations or agreements contained in this Lease, other than the obligation to pay rent, Lessor after ten (10) days' notice to Lessee, specifying such default (or shorter notice if any emergency exists), may (but without any obligation so to do) perform the same for the account and at the expense of Lessee, and the amount of any payment made or other reasonable expenses, including reasonable attorneys' fees incurred by Lessor for curing such default, with interest thereon at the lower of twelve percent (12.0%) per annum or the maximum amount allowed by law, shall be payable by Lessee to Lessor on demand.
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Samples: Lease Agreement (FFP Partners L P), Building Lease Agreement (FFP Marketing Co Inc)
LESSOR’S RIGHT TO PERFORM LESSEE’S COVENANTS. If Lessee shall default in the performance of any of its covenants, obligations or agreements contained in this Lease, other than the obligation to pay rent, Lessor after ten (10) days' notice to Lessee, specifying such default (or shorter notice if any emergency exists), may (but without any obligation so to do) perform the same for the account and at the expense of Lessee, and the amount of any payment made or other reasonable expenses, including reasonable attorneys' fees incurred by Lessor for curing such default, with interest thereon at the lower rate of twelve percent (12.0%) per annum or the maximum amount allowed by lawannum, shall be payable by Lessee to Lessor on demand.
Appears in 2 contracts
Samples: Lease Agreement (FFP Marketing Co Inc), Ground Lease Agreement (FFP Marketing Co Inc)
LESSOR’S RIGHT TO PERFORM LESSEE’S COVENANTS. If Lessee shall default in the performance of any of its covenants, obligations obligations, or agreements contained in this Lease, other than the obligation to pay rent, Lessor after ten (10) days' notice to Lessee, Lessee specifying such default (or shorter notice if any emergency exists), may (but without any obligation so to do) perform the same for the account and at the expense of Lessee, and the amount of any payment made or other reasonable expenses, including reasonable attorneys' fees fees, incurred by Lessor for curing such default, with interest thereon at the lower of twelve percent (12.0%) per annum or the maximum amount allowed by law, shall be payable by Lessee to Lessor on demanddemand as additional rent.
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