Common use of Performance of Tenant's Covenants Clause in Contracts

Performance of Tenant's Covenants. Tenant covenants and agrees that it will perform all agreements and observe all covenants herein expressed on its part to be performed and observed and that it will promptly, upon receipt of written notice specifying action desired by Landlord in connection with any such agreement or covenant, comply with such notice if the requested action is consistent with the terms of this Lease; and further, that if Tenant shall not comply with any such notice to the satisfaction of Landlord prior to the date on which such noncompliance would constitute an Event of Default, in addition to, and not in lieu of or in limitation of any other remedy which Landlord may have pursuant to this Lease, at law or in equity, Landlord may, but shall not be obligated to, enter upon the premises and do the things specified in said notice. Landlord shall have no liability to Tenant for any loss or damage resulting in any way from such action and Tenant agrees to pay upon demand, as additional rent, any expense incurred by Landlord in taking such action. Notwithstanding the foregoing, Landlord's performance of any or all of Tenant's covenants shall not release Tenant from liability for nonperformance.

Appears in 1 contract

Samples: Lease Agreement (Penn National Gaming Inc)

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Performance of Tenant's Covenants. Tenant covenants and agrees that it will perform all agreements and observe all covenants herein expressed on its part to be performed and observed and that it will promptly, upon receipt of written notice specifying action desired required by Landlord in connection with any such agreement or covenantthis Lease, comply with such notice if the requested action is consistent with the terms of this Lease; notice, and further, that if Tenant shall not comply with any such notice to the satisfaction of Landlord prior to the date on which such noncompliance non-compliance would constitute an Event of Default, in addition to, and not in lieu of or in limitation of any other remedy which Landlord may have pursuant to this Lease, at law or in equity, Landlord may, but shall not be obligated to, enter upon the premises Premises and do the things specified in said such notice. Landlord shall have no liability to Tenant for any loss or damage resulting in any way from such action and Tenant agrees to pay upon demand, as additional rent, any expense sums or costs incurred by Landlord in taking such action, plus administrative costs of Landlord in an amount equal to twenty percent (20%) of such sums and/or costs. Notwithstanding the foregoing, Landlord's performance of any or all of Tenant's covenants shall not release Tenant from liability for nonperformancenon-performance.

Appears in 1 contract

Samples: Lease Agreement (Hotel Discovery Inc)

Performance of Tenant's Covenants. Tenant covenants and agrees that it will perform all agreements and observe all covenants herein expressed on its part to be performed and observed performed, and that it will promptly, promptly upon receipt of written notice specifying action desired by Landlord in connection with any such agreement or covenantof non-performance thereof, comply with the requirements of such notice if the requested action is consistent with the terms of this Leasenotice; and further, that if Tenant shall not comply with any such notice to the satisfaction of Landlord prior within forty-eight (48) hours after delivery thereof, (or, if such compliance cannot reasonably be completed within forty-eight (48) hours, if Tenant shall not commence to the date on which comply within such noncompliance would constitute an Event of Default, in addition to, period and not in lieu of or in limitation of any other remedy which Landlord may have pursuant thereafter proceed to this Lease, at law or in equitycompletion with due diligence), Landlord may, but shall not at its option, do or cause to be obligated to, enter upon the premises and do done any or all of the things specified in said notice. notice and in so doing Landlord shall have the right to cause its agents, employees and contractors to enter upon the Demised Premises and in such event shall have no liability to Tenant for any loss or damage resulting in any way from such action except for Landlord's intentional wrongdoing or gross negligence; and Tenant agrees to pay promptly upon demand, as additional rent, demand any expense incurred by Landlord in taking such action. Notwithstanding the foregoing, Landlord's performance of any or all of Tenant's covenants shall not release such sum to be collectible from Tenant from liability for nonperformanceas additional rent hereunder.

Appears in 1 contract

Samples: Lease Agreement (Sagemark Companies LTD)

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Performance of Tenant's Covenants. Tenant covenants and agrees that it will perform all agreements and observe all covenants herein expressed on its part to be performed and observed and that it will promptly, upon receipt of written notice specifying action desired by Landlord in connection with any such agreement or covenant, comply with such notice if the requested action is consistent with the terms of this Leasenotice; and further, that if Tenant shall not comply with any such notice to the satisfaction of Landlord prior to the date on which such noncompliance non-compliance would constitute an Event of Default, in addition to, and not in lieu of or in limitation of any other remedy which Landlord may have pursuant to this Lease, at law or in equity, Landlord may, but shall not be obligated to, enter upon the premises Premises and do the things specified in said notice. Landlord shall have no liability to Tenant for any loss or damage resulting in any way from such action and Tenant agrees to pay upon demand, as additional rentAdditional Rent, any expense incurred by Landlord in taking such action. Notwithstanding the foregoing, Landlord's ’s performance of any or all of Tenant's ’s covenants shall not release Tenant from liability for nonperformancenon-performance.

Appears in 1 contract

Samples: Lease Agreement (Rex Energy Corp)

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