Common use of Payment or Performance by Landlord Clause in Contracts

Payment or Performance by Landlord. Landlord may, at Landlord's option and without any obligation to do so, pay any sum or do any act which Tenant has failed to pay or do at the time Tenant was obligated to make such payment or perform such act and Landlord shall be entitled to recover from Tenant, upon demand, all sums expended by Landlord in making such payment or performing such act, together with interest thereon at the rate provided in subparagraph 18(d) from the date of expenditure until repaid by Tenant. Such sum and interest shall be deemed additional rent under this Lease.

Appears in 3 contracts

Samples: Multi Tenancy Industrial Lease (Pegasus Solutions Inc), Lease Agreement (New Directions Manufacturing Inc), Multi Tenancy Industrial Lease (Maxam Gold Corp)

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Payment or Performance by Landlord. Landlord may, at Landlord's option and without any obligation to do so, pay any sum or do any act which Tenant has failed to pay or do at the time Tenant was obligated to make such payment or perform such act and Landlord shall be entitled to recover from Tenant, upon demand, all sums expended by Landlord in making such payment or performing such act, together with interest thereon at the rate provided Default Rate (as defined in subparagraph 18(dArticle 25) from the date of expenditure until repaid by Tenant. Such sum and interest shall be deemed additional rent Rent under this Lease.

Appears in 1 contract

Samples: Office Lease (Millers Mutual Fire Insurance Co)

Payment or Performance by Landlord. Landlord may, at Landlord's ’s option and without any obligation to do so, pay any sum or do any act which Tenant has failed to pay or do at the time Tenant was obligated to make such payment or perform such act and Landlord shall be entitled to recover from Tenant, upon demand, all sums expended by Landlord in making such payment or performing such act, together with interest thereon at the rate provided in subparagraph 18(d) from the date of expenditure until repaid by Tenant. Such sum and interest shall be deemed additional rent under this Lease.

Appears in 1 contract

Samples: Lease Agreement (High Plains Gas, Inc.)

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Payment or Performance by Landlord. Landlord may, at Landlord's ’s option and without any obligation to do so, pay any sum or do any act which Tenant has failed to pay or do at the time Tenant was obligated to make such payment or perform such act and Landlord shall be entitled to recover from Tenant, upon demand, all sums expended by Landlord in making such payment or performing such act, together with interest thereon at the rate provided in subparagraph 18(dSection 17(e) from the date of expenditure until repaid by Tenant. Such sum and interest shall be deemed additional rent under this Lease.

Appears in 1 contract

Samples: Stock Purchase Agreement (Teletech Holdings Inc)

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