Common use of Lessor’s Rights Clause in Contracts

Lessor’s Rights. (See Addendum-Paragraphs 18 arid 19.) If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law shall become due and shall be collectible as additional rental to Lessor together with Lessee's next rental Installment.

Appears in 2 contracts

Samples: Commercial Lease Agreement (Digital Domain Media Group, Inc.), Commercial Lease Agreement (Digital Domain)

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Lessor’s Rights. (See Addendum-Paragraphs 18 arid 19.) If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law shall become due and shall be collectible as additional rental to Lessor together with Lessee's next rental Installmentinstallment.

Appears in 2 contracts

Samples: Commercial Lease Agreement (Sonic Foundry Inc), Commercial Lease Agreement (Digital Domain)

Lessor’s Rights. (See Addendum-Paragraphs 18 arid 19.) If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior written notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law of 10% per annum shall become due and shall be collectible as payable at additional rental to Lessor together with Lessee's next rental Installmentinstallment.

Appears in 1 contract

Samples: Lease Agreement (Authentic Specialty Foods Inc)

Lessor’s Rights. (See Addendum-Paragraphs 18 arid 19.) If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, Premises after ten (10) days' days prior written notice to Lessee, Lessee and put the same in good order, condition and repair, repair and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law of ten percent (10%) per annum shall become due and shall be collectible payable as additional rental to Lessor together with Lessee's next rental Installmentinstallment.

Appears in 1 contract

Samples: Assignment of Lease (Viador Inc)

Lessor’s Rights. (See Addendum-Paragraphs 18 arid 19.) If Lessee fails to perform Lessee's obligations under this Paragraph 7paragraph, Lessor may at its option (but shall not be required to) enter upon the Premises, Premises after ten (10) 10 days' prior written notice to Lessee (except in the case of an emergency, in which case no notice shall be required), perform such obligations on Lessee, 's behalf and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum same rate permitted by law as provided in Section 4.6, shall become due and shall be collectible payable as additional rental Additional Rent to Lessor together payable with Lessee's next rental InstallmentBase Rent installment.

Appears in 1 contract

Samples: Lease (Gi Joes Inc)

Lessor’s Rights. (See Addendum-Paragraphs 18 arid 19.) If Lessee fails to perform Lessee's obligations under --------------- this Paragraph 7Article 6, Lessor may at its option (but shall not be required to) enter upon the Premises, Premises after ten fifteen (1015) days' prior written notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law of ten percent (10%) per annum shall become due and shall be collectible payable as additional rental rent to Lessor together with Lessee's next rental Installmentinstallment.

Appears in 1 contract

Samples: Lease (Iown Holdings Inc)

Lessor’s Rights. (See Addendum-Paragraphs 18 arid 19.) If Lessee fails to perform Lessee's ’s obligations under this Paragraph 76, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior written notice to Lessee, and put the same Premises in good order, condition and repair, and the reasonable cost thereof . Any costs incurred by Lessor under this Paragraph 6.3 together with interest thereon at the maximum rate permitted by law specified in Paragraph 14.4 shall become due and shall be collectible payable as additional rental to Lessor together with Lessee's ’s next rental Installmentinstallment.

Appears in 1 contract

Samples: Industrial Net Lease (Bway Corp)

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Lessor’s Rights. (See Addendum-Paragraphs 18 arid 19.) If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law shall become due and shall be collectible as additional rental to Lessor together with Lessee's next rental Installment.

Appears in 1 contract

Samples: Commercial Lease Agreement (Digital Domain)

Lessor’s Rights. (See Addendum-Paragraphs 18 arid 19.) If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior written notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest Interest thereon at the maximum rate permitted by law of 10% per annum shall become due and shall be collectible payable as additional rental to Lessor together with Lessee's next rental Installmentinstallment.

Appears in 1 contract

Samples: Lease Agreement (Authentic Specialty Foods Inc)

Lessor’s Rights. (See Addendum-Paragraphs 18 arid 19.) If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior written notice to LesseeLessee and provided Lessee has continued to fail to perform such obligation, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law of 10% per annum shall become due and shall be collectible payable as additional rental to Lessor together with Lessee's next rental Installmentinstallment.

Appears in 1 contract

Samples: Industrial Lease (Conceptus Inc)

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