Right of exploitation of the Lessor Sample Clauses

Right of exploitation of the Lessor. During the period of the Real-Estate Leasing Contract, the Lessor will be able to use the pledged credit balance to satisfy any claims secured by this agreement that have become due either wholly or in part. The Lessor will be able to use the security as soon as the case has arisen, but only after acceptance of construction for the subject of the leasing contract. a) The Lessee will then be obliged to increase the pledged credit balance to the original amount in accordance with paragraph 1 of this agreement within one month of being requested to do so by the Lessor. The pledge will then also extend over the replenished amount, without the need for any special agreement on this point. The Lessor will only use the amount that is needed to meet the claims that have become due. b) The Bank will be entitled and obliged to pay the required amount at the first request of the Lessor. It must not do so, however, until four weeks have elapsed since the dispatch and receipt of notification about the request from the Lessor to the Lessee. The Lessor must indicate in this request that the Lessee has failed to fulfill all or some of its contractual obligations arising from the above Real-Estate Leasing Contract and the situation must have arisen in accordance with Supplementary Agreement No.