PERFORMANCE OF LESSEE'S OBLIGATIONS. Upon Lessee's failure to pay any amount or perform any obligation under any Lease when due, Lessor shall have the right, but shall not be obligated, to pay such sum or perform such obligation, whereupon such sum or cost of such performance shall immediately become due and payable thereunder, with interest thereon at the Default Rate from the date such payment or performance was made.
Appears in 7 contracts
Samples: Master Agreement to Lease Equipment (CTC Communications Group Inc), Master Agreement to Lease Equipment (Greenland Corp), Master Agreement to Lease Equipment (Appliedtheory Corp)
PERFORMANCE OF LESSEE'S OBLIGATIONS. Upon Lessee's failure to pay any amount sum or perform any obligation under any Lease hereunder when due, Lessor shall have the rightoption, but shall not in no case be obligated, to pay such sum or perform such obligation, whereupon such sum or the cost of such performance shall immediately become due and payable thereunder, as additional rent from Lessee to Lessor with interest thereon at the Default Rate highest legal rate from the date such payment or performance was madedue.
Appears in 6 contracts
Samples: Master Lease Agreement (Mail Com Inc), Master Lease Agreement (Homestead Com Inc), Master Lease Agreement (Interliant Inc)
PERFORMANCE OF LESSEE'S OBLIGATIONS. Upon Lessee's failure to pay Rent (or any amount other sum due hereunder) or perform any obligation under any Lease hereunder when due, Lessor shall have the right, but shall not be obligated, to pay such sum or perform such obligation, whereupon such sum or cost of such performance shall immediately become due and payable thereunderhereunder as additional Rent, with interest thereon at the Default Rate highest legal rate from the date such payment or performance was made.
Appears in 4 contracts
Samples: Master Agreement to Lease Equipment (PNV Net Inc), Master Lease Agreement (High Speed Access Corp), Master Lease Agreement (Digital Entertainment Network Inc)
PERFORMANCE OF LESSEE'S OBLIGATIONS. Upon Lessee's failure to pay Rent (or any amount other sum due hereunder) or perform any obligation under any Lease hereunder when due, Lessor shall have the right, but shall not be obligated, to pay such sum or perform such obligation, whereupon such sum or the cost of such performance shall immediately become due and payable thereunderhereunder as additional rent, with interest thereon at the Default Rate highest legal rate from the date such payment or performance was made.
Appears in 4 contracts
Samples: Master Agreement to Lease Equipment (Abovenet Communications Inc), Master Agreement to Lease Equipment (Internap Network Services Corp/Wa), Master Agreement to Lease Equipment (Internap Network Services Corp/Wa)
PERFORMANCE OF LESSEE'S OBLIGATIONS. Upon Lessee's ’s failure to pay any amount or perform any obligation under any Lease when due, Lessor shall have the right, but shall not be obligated, to pay such sum or perform such obligation, whereupon such sum or cost of such performance shall immediately become due and payable thereunder, with interest thereon at the Default Rate from the date such payment or performance was made.
Appears in 3 contracts
Samples: Master Agreement to Lease Equipment (KCG Holdings, Inc.), Master Agreement to Lease Equipment (KCG Holdings, Inc.), Master Agreement to Lease Equipment (Ecotality, Inc.)
PERFORMANCE OF LESSEE'S OBLIGATIONS. Upon Lessee's failure to pay rent (or any amount other sum due hereunder) or perform any obligation under any Lease hereunder when due, Lessor shall have the right, but shall not be obligated, to pay such sum or perform such obligation, whereupon such sum or cost of such performance shall immediately become due and payable thereunderhereunder as additional Rent, with interest thereon at the Default Rate highest legal rate from the date such payment or performance was made.
Appears in 2 contracts
Samples: Capital Lease Agreement (Dstage Com Inc), Master Lease Agreement (Screaming Media Com Inc)
PERFORMANCE OF LESSEE'S OBLIGATIONS. Upon Lessee's ’s failure to pay Rent (or any amount other sum due hereunder) or perform any obligation under any Lease hereunder when due, Lessor shall have the right, but shall not be obligated, to pay such sum or perform such obligation, whereupon such sum or cost of such performance shall immediately become due and payable thereunderhereunder as additional Rent, with interest thereon at the Default Rate highest legal rate from the date such payment or performance was made.
Appears in 1 contract
PERFORMANCE OF LESSEE'S OBLIGATIONS. Upon Lessee's ’s failure to pay any amount or perform any obligation under any Lease when due, Lessor shall have the right, but shall not be obligated, to pay such sum or perform such obligation, whereupon such sum or cost of such performance shall immediately become due and payable thereunder, with interest thereon at the Default Rate from the date such payment or performance was made.
Appears in 1 contract
Samples: Master Agreement to Lease Equipment (U S Wireless Data Inc)
PERFORMANCE OF LESSEE'S OBLIGATIONS. Upon Lessee's failure to pay Rent (or any amount other sum due hereunder) or perform any obligation under any Lease hereunder when due, Lessor shall have the right, but shall not be obligated, to pay such sum or perform such obligation, whereupon such sum or the cost of such performance shall immediately become due and payable thereunderhereunder as additional rent, with interest thereon at the Default Rate from the date such payment or performance was made.
Appears in 1 contract
PERFORMANCE OF LESSEE'S OBLIGATIONS. Upon Lessee's failure to pay any amount or perform any obligation under any Lease when due, subject (where applicable), to the cure period stated in Section 4.1 herein , Lessor shall have have-the right, but shall not be obligated, to pay such sum or perform such obligation, whereupon such sum or cost of such performance shall immediately become due and payable thereunder, with interest thereon at the Default Rate from the date such payment or performance was made.
Appears in 1 contract
Samples: Master Agreement to Lease Equipment (Verado Holdings Inc)
PERFORMANCE OF LESSEE'S OBLIGATIONS. Upon Lessee's ’s failure to pay any amount or perform any obligation under any Lease hereunder when due, Lessor shall have the right, but shall not be obligated, to pay such sum or perform such obligation, whereupon such sum or the cost of such performance shall immediately become due and payable thereunder, with interest thereon at the Default Rate from the date such payment or performance was madehereunder as additional Rent.
Appears in 1 contract
Samples: Nodes Purchase Agreement (Alestra)