Common use of REMEDIES OF LESSOR Clause in Contracts

REMEDIES OF LESSOR. In case of default by Customer, or if LRS deems itself insecure, LRS may peaceably enter the property where the Equipment is located and render it inoperative or remove same with or without process of law and without any notice or liability to Customer. Customer hereby waives any right to any hearing or to receive any notice of legal process as a pre-condition for LRS recovering the Equipment. Customer agrees to admit such entry and action by LRS. In such case, LRS may also terminate this Agreement without notice to Customer or prejudice to any remedies or claims which LRS might otherwise have. Customer will pay to LRS a sum equal to the balance of the rent and other payments called for hereunder for the remainder of the rental term as liquidated damages. Customer will remain liable for the Equipment or for any loss or injury to the Equipment, notwithstanding such termination. LRS shall have the right to take such steps which LRS reasonably deems necessary to recover the Equipment, if the Equipment is not returned on the date specified on the Front or sooner as permitted by the terms of this Agreement. LRS’s remedies are not exclusive.

REMEDIES OF LESSOR. In case of default by Customer, or if LRS Lessor deems itself insecure, LRS Lessor may peaceably enter the property where the Equipment is located and render it inoperative or remove same with or without process of law and without any notice or liability to Customer. Customer hereby waives any right to any hearing or to receive any notice of or legal process as a pre-condition for LRS Lessor recovering the Equipment. Customer agrees to admit such entry and action by LRSXxxxxx. In such case, LRS Lessor may also terminate this Agreement without notice to Customer or prejudice to any remedies or claims which LRS Lessor might otherwise have. Customer will pay to LRS Lessor a sum equal to the balance of the rent and other payments called for hereunder for the remainder of the rental term as liquidated damages. Customer will remain liable for the Equipment or for any loss or injury to the Equipment, notwithstanding such termination. LRS Lessor shall have the right to take such steps which LRS Lessor reasonably deems necessary to recover the Equipment, if the Equipment is not returned on the date specified on the Front front or sooner as permitted by the terms of this Agreement. LRS’s Xxxxxx's remedies are not exclusive.