Common use of Reimbursement for Repairs Assumed Clause in Contracts

Reimbursement for Repairs Assumed. If either party fails or refuses to make repairs which are required by this Section 3, the other party may make the repairs, and charge the actual costs of repairs to the first party. Such expenditures by Lessor shall be reimbursed by Lessee on demand, together with interest at the rate of TWELVE (12%) percent per annum from the date of expenditure by Lessor. Such expenditures by Lessee may be deducted from rent and other payments subsequently becoming due, or, at Lessee's election, collected directly from Lessor. Except in an emergency creating an immediate risk of personal injury or property damage, neither party may perform repairs which are the obligation of the other party, and charge the other party for the resulting expenses unless at least THIRTY (30) days before work is commenced, the defaulting party is given notice in writing outlining with reasonable particularity the repairs required, and such party fails within that time to initiate such repairs in good faith.

Reimbursement for Repairs Assumed. If either party fails or refuses to make repairs which are required by this Section 3Lease, the other party may make the repairs, repairs and charge the actual costs of repairs to the first party. Such expenditures by Lessor Landlord shall be reimbursed by Lessee Tenant on demand, demand together with interest at the rate of TWELVE Twelve percent (12%) percent per annum from the date of expenditure by LessorLandlord. Such expenditures by Lessee Tenant may be deducted from rent and other payments subsequently becoming due, due or, at LesseeLandlord's election, collected directly from LessorLandlord. Except in an emergency creating an immediate risk of personal injury or property damage, neither party may perform repairs which are the obligation of the other party, party and charge the other party for the resulting expenses unless at least THIRTY thirty (30) days before work is commenced, commenced the defaulting party is given notice notice, in writing writing, outlining with reasonable particularity the repairs required, and such party fails within that time to initiate such repairs in good faith.

Reimbursement for Repairs Assumed. If either party fails or refuses to make repairs which are required by this Section 3, the other party may make the repairs, and charge the actual costs of repairs to the first party. Such expenditures by Lessor shall be reimbursed by Lessee Xxxxxx on demand, together with interest at the rate of TWELVE FIVE (125%) percent per annum from the date of expenditure by LessorXxxxxx. Such expenditures by Lessee may be deducted from rent and other payments subsequently becoming due, or, at LesseeXxxxxx's election, collected directly from Lessor. Except in an emergency creating an immediate risk of personal injury or property damage, neither party may perform repairs which are the obligation of the other party, and charge the other party for the resulting expenses unless at least THIRTY (30) days before work is commenced, the defaulting party is given notice in writing outlining with reasonable particularity the repairs required, and such party fails within that time to initiate such repairs in good faith.

Reimbursement for Repairs Assumed. If either party fails or refuses to make repairs which are required by this Section 3, the other party may make the repairs, and charge the actual costs of repairs to the first party. Such expenditures by Lessor shall be reimbursed by Lessee on demand, together with interest at the rate of TWELVE FIVE (125%) percent per annum from the date of expenditure by Lessor. Such expenditures by Lessee may be deducted from rent and other payments subsequently becoming due, or, at Lessee's election, collected directly from Lessor. Except in an emergency creating an immediate risk of personal injury or property damage, neither party may perform repairs which are the obligation of the other party, and charge the other party for the resulting expenses unless at least THIRTY (30) days before work is commenced, the defaulting party is given notice in writing outlining with reasonable particularity the repairs required, and such party fails within that time to initiate such repairs in good faith.