RIGHT OF LESSOR TO PAY OBLIGATIONS OF LESSEE TO OTHERS. If LESSEE shall fail or refuse to pay any sums due to be paid by it under the provisions of this lease, or fail or refuse to maintain the Leased Premises or any part thereof as herein provided, then, and in such event, LESSOR, after 10 days notice in writing by LESSOR to LESSEE, shall have the right to pay any such sum or sums due to be paid by LESSEE and to do and perform any work necessary to the proper maintenance of the Leased Premises; and the amount of such sum or sums paid by LESSOR for the account of LESSEE and the cost of any such work, together with interest on such amount at the maximum legal rate from the date of payment by LESSOR until the repayment to LESSOR by LESSEE, shall be paid by LESSEE upon demand in writing. The payment by LESSOR of any such sum or sums or the performance by LESSOR of any such work shall be prima facie evidence of the necessity for such work.
Appears in 3 contracts
Samples: Commercial Lease (Peak Resorts Inc), Commercial Lease (Peak Resorts Inc), Lease Agreement (Impreso Inc)
RIGHT OF LESSOR TO PAY OBLIGATIONS OF LESSEE TO OTHERS. If LESSEE shall fail or refuse to pay any sums due to be paid by it under the provisions of this leaseLease, or fail or refuse to maintain the Leased Premises or any part thereof as herein provided, then, and in such event, LESSOR, after 10 ten (10) days notice in writing by LESSOR to LESSEE, shall have the right to pay any such sum or sums due to be paid by LESSEE and to do and perform any work necessary to the proper maintenance of the Leased Premises; and the amount of such sum or sums paid by LESSOR for the account of LESSEE and the cost of any such work, together with interest on such amount at the maximum legal rate from the date of payment by LESSOR until the repayment to LESSOR by LESSEE, shall be paid by LESSEE upon demand in writing. The payment by LESSOR of any such sum or sums sums, or the performance by LESSOR of any such work work, shall be prima facie evidence (although not conclusive) of the necessity for such work.
Appears in 1 contract
Samples: Commercial Lease (Lightbridge Inc)
RIGHT OF LESSOR TO PAY OBLIGATIONS OF LESSEE TO OTHERS. If LESSEE shall fail or refuse to pay any sums due to be paid by it under the provisions of this lease, or fail or refuse to maintain the Leased Premises or any part thereof as herein provided, then, and in such event, LESSOR, after 10 days notice in writing by LESSOR to LESSEE, shall have the right to pay any such sum or sums due to be paid by LESSEE and to do and perform any work necessary to the proper maintenance of the Leased Premises; and the amount of such sum or sums paid by LESSOR XXXXXX for the account of LESSEE and the cost of any such work, together with interest on such amount at the maximum legal rate from the date of payment by LESSOR XXXXXX until the repayment to LESSOR by LESSEEXXXXXX, shall be paid by LESSEE upon demand in writing. The payment by LESSOR of any such sum or sums or the performance by LESSOR XXXXXX of any such work shall be prima facie evidence of the necessity for such work.
Appears in 1 contract
Samples: Lease Agreement
RIGHT OF LESSOR TO PAY OBLIGATIONS OF LESSEE TO OTHERS. If LESSEE Lessee shall fail or refuse to pay any sums due to be paid by it under the provisions of this lease, or fail or refuse to maintain the Leased Premises leased premises or any part thereof as herein provided, then, and in such event, LESSORLessor, after 10 days days’ notice in writing by LESSOR Lessor to LESSEELessee, shall have the right to pay any such sum stun or sums due to be paid by LESSEE Xxxxxx and to do and perform any work necessary to the proper maintenance of the Leased Premises(he leased premises; and the amount of such sum or sums paid by LESSOR Lessor for the account of LESSEE Lessee and the cost of any such work, together with interest on such amount thereon at the maximum legal rate from the date of payment thereof by LESSOR Lessor until the repayment thereof to LESSOR Lessor by LESSEEXxxxxx, shall forthwith be paid by LESSEE Lessee upon demand in writing. The payment by LESSOR Lessor of any such sum or sums or the performance by LESSOR lessor of any such work shall be prima facie evidence of the necessity for such worktherefore.
Appears in 1 contract
Samples: Lease Agreement (Lotus Pacific Inc)
RIGHT OF LESSOR TO PAY OBLIGATIONS OF LESSEE TO OTHERS. If LESSEE Lessee shall fail or refuse to pay any sums due to be paid by it under the provisions of this lease, or fail or refuse to to. maintain the Leased Premises leased promises or any part thereof as herein provided, then, and in hi such event, LESSORLessor, after 10 days notice in writing by LESSOR Lessor to LESSEELessee, shall have the right to pay any such sum or sums due to be paid by LESSEE Xxxxxx and to do and perform any work necessary to the proper maintenance of the Leased Premisesleased premises; and the amount of such sum or sums paid by LESSOR Lessor for the account of LESSEE Lessee and the cost . of any such work, together with interest on such amount thereon at the maximum legal rate from the date of payment thereof by LESSOR Lessor until the repayment thereof to LESSOR Lessor by LESSEEXxxxxx, shall forthwith be paid by LESSEE Xxxxxx upon demand in writing. The payment by LESSOR Lessor of any such sum or sums or Or the performance by LESSOR Xxxxxx of any such work shall be prima facie evidence of the necessity for such worktherefor.
Appears in 1 contract