OTHER REMEDIES OF LESSOR. (a) In addition to the legal remedies of Lessor herein referred to, if an Event of Default occurs, Lessor shall have all other legal and equitable remedies for the enforcement of the provisions of this Agreement available hereunder, at law and/or in equity. (b) After an Event of Default, this Agreement shall continue in effect so long as Lessor does not terminate this Agreement, and, while such Event of Default exists, Lessor may enforce its rights and remedies hereunder, including the right to recover Rent and/or other monetary consideration accruing to the Sponsoring Camps under this Agreement from Lessee as it becomes due hereunder and, subject to the rights of any Leasehold Mortgagee, from any subcontractors. In such event, (i) Lessee shall be deemed to have assigned to Lessor Lessee’s right to collect and receive rent and other payments from any subLessees and (ii) Lessor shall apply any such rents and other payments to the discharge of Lessee’s obligations under any such sublease or subleases. After an Event of Default (other than with respect to payment of monthly Base Rent), Lessor may, without waiving Xxxxxx's performance of its obligations hereunder, make the defaulted payment or perform such act on Xxxxxx's behalf. All costs incurred by Lessor in taking such action shall be deemed Additional Rent and/or other monetary consideration due under this Agreement and shall be paid to Lessor on demand. Lessee shall reimburse Lessor for all expenses incurred by Xxxxxx (including reasonable attorneys' fees and disbursements), by reason of any breach by Xxxxxx, or its agents, servants or employees, of any covenant or provision of this Agreement.
Appears in 4 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
OTHER REMEDIES OF LESSOR. (a) In addition to the legal remedies of Lessor herein referred to, if an Event of Default occurs, Lessor shall have all other legal and equitable remedies for the enforcement of the provisions of this Agreement available hereunder, at law and/or in equity.
(b) . After an Event of Default, this Agreement shall continue in effect so long as Lessor does not terminate this Agreement, and, while such Event of Default exists, Lessor may enforce its rights and remedies hereunder, including the right to recover Rent and/or other monetary consideration accruing to the Sponsoring Camps University or College under this Agreement from Lessee as it becomes due hereunder and, subject to the rights of any Leasehold Mortgagee, from any subcontractors. In such event, (i) Lessee shall be deemed to have assigned to Lessor Lessee’s right to collect and receive rent and other payments from any subLessees subtenants and (ii) Lessor shall apply any such rents and other payments to the discharge of Lessee’s obligations under any such sublease or subleases. After an Event of Default (other than with respect to payment of monthly Base Rent), Lessor may, without waiving Xxxxxx's performance of its obligations hereunder, make the defaulted payment or perform such act on Xxxxxx's behalf. All costs incurred by Lessor in taking such action shall be deemed Additional Rent and/or other monetary consideration due under this Agreement and shall be paid to Lessor on demand. Lessee shall reimburse Lessor for all expenses incurred by Xxxxxx (including reasonable attorneys' fees and disbursements), by reason of any breach by Xxxxxx, or its agents, servants or employees, of any covenant or provision of this Agreement.
Appears in 2 contracts
Samples: Ground Lease, Ground Lease
OTHER REMEDIES OF LESSOR. (a) In addition to the legal remedies of Lessor herein referred to, if an Event of Default occurs, Lessor shall have all other legal and equitable remedies for the enforcement of the provisions of this Agreement available hereunder, at law and/or in equity.
(b) After an Event of Default, this Agreement shall continue in effect so long as Lessor does not terminate this Agreement, and, while such Event of Default exists, Lessor may enforce its rights and remedies hereunder, including the right to recover Rent and/or other monetary consideration accruing to the Sponsoring Camps under this Agreement from Lessee as it becomes due hereunder and, subject to the rights of any Leasehold Mortgagee, from any subcontractors. In such event, (i) Lessee shall be deemed to have assigned to Lessor Lessee’s right to collect and receive rent and other payments from any subLessees and (ii) Lessor shall apply any such rents and other payments to the discharge of Lessee’s obligations under any such sublease or subleases. After an Event of Default (other than with respect to payment of monthly Base Rent), Lessor may, without waiving Xxxxxx's performance of its obligations hereunder, make the defaulted payment or perform such act on Xxxxxx's behalf. All costs incurred by Lessor in taking such action shall be deemed Additional Rent and/or other monetary consideration due under this Agreement and shall be paid to Lessor on demand. Lessee shall reimburse Lessor for all expenses incurred by Xxxxxx (including reasonable attorneys' fees and disbursements), by reason of any breach by Xxxxxx, or its agents, servants or employees, of any covenant or provision of this Agreement.
Appears in 1 contract
Samples: Lease Agreement