Payment by Lessor. If Lessee shall fail to make any payment or perform any act required hereunder, then Lessor may, but shall not be required to, after such notice to Lessee as is reasonable under the circumstances, make such payment or perform such act with the same effect as if made or performed by Lessee. Lessee will upon demand reimburse Lessor for all sums paid and all costs and expenses incurred in connection with the performance of any such act.
Appears in 11 contracts
Samples: Master Equipment Lease Agreement (Liquid Audio Inc), Master Equipment Lease (Signal Pharmaceuticals Inc), Master Equipment Lease (Leukosite Inc)
Payment by Lessor. If Lessee shall fail to make any payment or perform any act required hereunder, then Lessor maythe Lessor, but shall not be required toat its option, and after such notice to Lessee as is reasonable under the circumstances, may make such payment or perform such act with the same effect as if made or performed by Lessee. Lessee will reimburse Lessor upon demand reimburse Lessor for all sums paid and all costs and expenses incurred in connection with the performance of any such act.
Appears in 1 contract
Samples: Master Equipment Lease Agreement (Big Entertainment Inc)