Common use of Port’s Right to Perform Clause in Contracts

Port’s Right to Perform. Upon Xxxxxx’s failure to perform any obligation or make any payment required of Tenant hereunder, the Port shall have the right (but not the obligation) to perform such obligation of Tenant on behalf of Tenant and/or to make payment on behalf of Tenant to such parties. Tenant shall reimburse the Port the reasonable cost of the Port’s performing such obligation on Xxxxxx’s behalf, including reimbursement of any amounts that may be expended by the Port, plus interest at the Default Rate, as Additional Rent.

Port’s Right to Perform. Upon Xxxxxx’s failure to perform any obligation or make any payment required of Tenant Lessee hereunder, the Port shall have the right (but not the obligation) to perform such obligation of Tenant Xxxxxx on behalf of Tenant Xxxxxx and/or to make payment on behalf of Tenant Lessee to such parties. Tenant Lessee shall reimburse the Port the reasonable cost of the Port’s performing such obligation on Xxxxxx’s behalf, including reimbursement of any amounts that may be expended by the Port, plus interest at the Default Rate, as Additional Rent.. SECTION 18: SURRENDER AND HOLDING OVER

Port’s Right to Perform. Upon Xxxxxx’s failure to perform any obligation or make any payment required of Tenant Lessee hereunder, the Port shall have the right (but not the obligation) to perform such obligation of Tenant Lessee on behalf of Tenant Lessee and/or to make payment on behalf of Tenant Lessee to such parties. Tenant Lessee shall reimburse the Port the reasonable cost of the Port’s performing such obligation on Xxxxxx’s behalf, including reimbursement of any amounts that may be expended by the Port, plus interest at the Default Rate, as Additional Rent.. SECTION 18 : SURRENDER AND HOLDING OVER

Port’s Right to Perform. Upon Xxxxxx’s failure to perform any obligation or make any payment required of Tenant Lessee hereunder, the Port shall have the right (but not the obligation) to perform such obligation of Tenant Lessee on behalf of Tenant Lessee and/or to make payment on behalf of Tenant Lessee to such parties. Tenant Lessee shall reimburse the Port the reasonable cost of the Port’s performing such obligation on Xxxxxx’s behalf, including reimbursement of any amounts that may be expended by the Port, plus interest at the Default Rate, as Additional Rent.. SECTION 18: SURRENDER AND HOLDING OVER