LESSOR'S RIGHT TO PERFORM. If Lessee fails to perform any obligations under this Lease, Lessor shall be entitled, but shall not be obligated, to perform any or all of such obligations and any cost of performing same shall be payable by Lessee to Lessor upon written demand as additional rent hereunder. Any amounts so incurred by Lessor and not repaid by Lessee within ten days after demand shall bear interest at a rate of ten percent (10%) per annum.
Appears in 4 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
LESSOR'S RIGHT TO PERFORM. If Lessee fails to perform any obligations under this Lease, Lessor shall be entitled, but shall not be obligated, to perform any or all of such obligations and any cost of performing same shall be payable by Lessee to Lessor upon written demand as additional rent hereunder. Any amounts so incurred by Lessor and not repaid by Lessee within ten days after demand shall bear interest at a rate of ten percent (10%) per annum.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
LESSOR'S RIGHT TO PERFORM. If Lessee fails to perform any obligations under this Lease, then Lessor shall be entitled, but shall not be obligated, to perform any or all of such obligations and any cost of performing same shall be payable by Lessee to Lessor upon written demand as additional rent Additional Rent hereunder. Any amounts so incurred by Lessor and not repaid by Lessee within ten (10) days after demand shall bear interest at a rate of ten five percent (105%) per annum.
Appears in 1 contract
Samples: Deed of Lease
