Common use of Right of Lessor to Perform Clause in Contracts

Right of Lessor to Perform. All covenants and agreements to be performed by Lessee under this Lease shall be performed at Lessee's sole cost and expense and without any abatement of rent or Right of set off. If Lessee fails to pay any sum of money, other than rent, or fails to perform any other act on its part to be performed under this Lease, and the failure continues beyond any applicable grace period set forth in Section 15.01, then in addition to any other available remedies, Lessor may, at its election, make the payment or perform the other act on Lessee's part. Lessor's election to make the payment or perform the act on Lessee's part shall not give rise to any responsibility of Lessor to continue making the same or similar payments or performing the same or similar acts. Lessee shall, promptly upon demand by Lessor, reimburse Lessor for all sums paid by Lessor and all necessary incidental costs, together with interest at the maximum rate permitted by law from the date of the payment by Lessor. Lessor shall have the same rights and remedies if Lessee fails to pay those amounts as lessor would have in the event of a default by Lessee in the payment of rent.

Appears in 1 contract

Samples: Sublease Agreement (Silicon Gaming Inc)

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Right of Lessor to Perform. All covenants and agreements to be performed by Lessee under this Lease shall be performed at Lessee's sole cost and expense and expxxxx xnd without any abatement of rent or Right right of set off. If Lessee fails to pay any sum of moneysux xx xoney, other than rent, or fails to perform any other act on its part to be performed under this Lease, and the failure continues beyond any applicable grace period set forth in Section 15.01, then in addition to any other available remedies, Lessor may, at its election, make the payment or perform the other act on Lessee's part. Lessor's election exxxxxxn to make the payment xxx xxyment or perform the act on Lessee's part shall not give rise gixx xxxe to any responsibility of Lessor to continue making the same or similar payments or performing the same or similar acts. Lessee shall, promptly upon demand by Lessor, reimburse Lessor for all fxx xxx sums paid by Lessor and all necessary incidental ixxxxxxtal costs, together with interest at the maximum rate permitted by law from the date of the payment by Lessor. Lessor shall have the same xxx xame rights and remedies if Lessee fails to pay those amounts xxxxxxs as lessor Lessor would have in the event of a default by Lessee in the payment of rentrxxx.

Appears in 1 contract

Samples: Lease Agreement (Casinovations Inc)

Right of Lessor to Perform. All covenants and agreements to be performed by Lessee under this Lease shall be performed at Lessee's sole cost and expense and without any abatement of rent or Right right of set off. If Lessee fails to pay any sum of money, other than rent, or fails to perform any other act on its part to be performed under this Lease, and the failure continues beyond any applicable grace period set forth in Section 15.01, then in addition to any other available remedies, Lessor may, at its election, make the payment or perform the other act on Lessee's part. Lessor's election to make the payment or perform the act on Lessee's part shall not give rise to any responsibility of Lessor to continue making the same or similar payments or performing the same or similar acts. Lessee shall, promptly upon demand by Lessor, reimburse Lessor for all sums paid by Lessor and all necessary incidental costs, together with interest at the maximum rate permitted by law from the date of the payment by Lessor. Lessor shall have the same rights and remedies if Lessee fails to pay those amounts as lessor Lessor would have in the event of a default by Lessee in the payment of rent.

Appears in 1 contract

Samples: Lease Agreement (Gaming & Entertainment Group Inc)

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Right of Lessor to Perform. All covenants and agreements to be performed by Lessee under this Lease shall be performed at LesseeXxxxxx's sole cost and expense and without any abatement of rent or Right right of set off. If Lessee Xxxxxx fails to pay any sum of money, other than rent, or fails to perform any other act on its part to be performed under this Lease, and the failure continues beyond any applicable grace period set forth in Section 15.01, then in addition to any other available remedies, Lessor may, at its election, make the payment or perform the other act on LesseeXxxxxx's part. LessorXxxxxx's election to make the payment or perform the act on LesseeXxxxxx's part shall not give rise to any responsibility of Lessor to continue making the same or similar payments or performing the same or similar acts. Lessee shall, promptly upon demand by LessorXxxxxx, reimburse Lessor for all sums paid by Lessor Xxxxxx and all necessary incidental costs, together with interest at the maximum rate permitted by law from the date of the payment by LessorXxxxxx. Lessor shall have the same rights and remedies if Lessee Xxxxxx fails to pay those amounts as lessor Lessor would have in the event of a default by Lessee Xxxxxx in the payment of rent.

Appears in 1 contract

Samples: Lease Agreement (Casinovations Inc)

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