Common use of Performance by Lessor Clause in Contracts

Performance by Lessor. If the Lessee fails to promptly perform any of its obligations under this Master Lease, Lessor may, at its option, perform such act or make such payment which the Lessor deems necessary. All sums paid or incurred by Lessor including reasonable attorneys fees shall be immediately due and payable by Lessee, without demand, and shall bear interest at the lesser of one and one-half percent (1-1/2%) per month or the highest rate permissible by law.

Appears in 1 contract

Samples: Master Lease (McClain Industries Inc)

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Performance by Lessor. If the Lessee fails to duly and promptly perform any of its obligations under this Master Lease, Lessor may, at its option, perform such act or make such payment which the Lessor deems necessary. All sums so paid or incurred by Lessor including reasonable attorneys attorney's fees shall be immediately due and payable by Lessee, without demand, and shall bear interest at the lesser of one and one-half percent (1-1/2%) per month or the highest rate permissible by law. The performance of any act or payment by Lessor shall not constitute a waiver or release of any obligation or default on the part of Lessee.

Appears in 1 contract

Samples: Master Lease Agreement (Neomedia Technologies Inc)

Performance by Lessor. If the Lessee fails to promptly perform any of its obligations under this Master Lease, Lessor may, at its option, perform such act or make such payment which the Lessor deems necessary. All sums paid or incurred by Lessor including reasonable attorneys attorneys' fees shall be immediately due and payable by Lessee, without demand, and shall bear interest at the lesser of one and one-half percent (1-1/21 -1/2%) per month or the highest rate permissible by law.

Appears in 1 contract

Samples: Master Lease Agreement (Circuit Systems Inc)

Performance by Lessor. If the Lessee fails to promptly perform any of its obligations under this Master Lease, Lessor may, at its option, perform such act or make such payment which the Lessor deems necessary. All sums paid or incurred by Lessor including reasonable attorneys attorneys' fees shall be immediately due and payable by Lessee, without demand, and shall bear interest at the lesser of one and one-half percent (1-1 - 1/2%) per month or the highest rate permissible by law.

Appears in 1 contract

Samples: Master Lease Agreement (Rouge Industries Inc)

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Performance by Lessor. If the Lessee fails to duly and promptly perform any of its obligations under this the Master Lease, Lessor may, at its option, perform such act or make such payment which the Lessor deems necessary. All sums so paid or incurred by Lessor including reasonable attorneys attorneys' fees shall be immediately due and payable by Lessee, without demand, and shall bear interest at the lesser of one and one-half percent (1-1/2%) per month or the highest rate permissible by law. The performance of any act or payment by Lessor shall not constitute a waiver or release of any obligation or default on the part of Lessee.

Appears in 1 contract

Samples: Sublease Agreement (Neomedia Technologies Inc)

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