Common use of Right to Self Help; Interest on Overdue Rent Clause in Contracts

Right to Self Help; Interest on Overdue Rent. If an Event of Default shall occur and be continuing, Landlord shall have the right, but shall not be obligated, to enter upon the Premises and to perform the defaulted obligation notwithstanding the fact that no specific provision for such substituted performance by Landlord is made in this Lease with respect to such Event of Default. In performing such obligation, Landlord may make any payment of money or perform any other act. The aggregate of (i) all sums so paid by Landlord, (ii) interest (at the rate of 1 1/2% per month or the highest rate permitted by law, whichever is less) on such sums and (iii) all necessary incidental costs and expenses in connection with the performance of any such act by Landlord, shall be deemed to be Rent under this Lease and shall be payable to Landlord immediately upon demand. Landlord may exercise the foregoing rights without waiving any other of its rights or releasing Tenant from any of its obligations under this Lease. All Rent not paid when due shall bear interest at the rate provided in the preceding paragraph, payable on demand.

Appears in 3 contracts

Samples: Lease Agreement (iSpecimen Inc.), Lease Agreement (Paid Inc), Lease Agreement (Paid Inc)

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Right to Self Help; Interest on Overdue Rent. If an Event of Default shall occur and be continuing, Landlord shall have the right, but shall not be obligated, to enter upon the Premises and to perform the defaulted such obligation notwithstanding the fact that no specific provision for such substituted performance by Landlord is made in this Lease with respect to such Event of Default. Default In performing such obligation, Landlord may make any payment of money or perform any other act. act The aggregate of (i) all sums so paid by Landlord, (ii) interest (at the rate of 1 1/2% per month or the highest rate permitted by law, whichever is less) on such sums sum plus all Rent not paid when due and (iii) all necessary incidental costs and expenses in connection with the performance of any such act by Landlord, shall be deemed to be Rent under this Lease and shall be payable to Landlord immediately upon demand. Landlord may exercise the foregoing rights without waiving any other of its rights or releasing Tenant from any of its obligations under this Lease. All Rent not paid when due shall bear interest at the rate provided in the preceding paragraph, payable on demand.

Appears in 1 contract

Samples: Office Lease (Synchronicity Inc)

Right to Self Help; Interest on Overdue Rent. If if an Event of Default shall occur and be continuing, Landlord shall have the right, but shall not be obligated, to enter upon the Premises and to perform the defaulted such obligation notwithstanding the fact that no specific provision for such substituted performance by Landlord is made in this Lease with respect to such Event of Default. In performing such obligation, Landlord may make any payment of money or perform any other act. The aggregate of (i) all sums so paid by Landlord, (ii) interest (at the rate of 1 1/2% per month or the highest rate permitted by law, whichever is less) on such sums sum plus all Rent not paid when due and (iii) all necessary and commercially reasonable incidental costs and expenses in connection with the performance of any an), such act by Landlord, shall be deemed to be Rent under this Lease and shall be payable to Landlord immediately upon demand. Landlord may exercise the foregoing rights without waiving any other of its rights or releasing Tenant from any of its obligations under this Lease. All Rent not paid when due shall bear interest at the rate provided in the preceding paragraph, payable on demand.

Appears in 1 contract

Samples: Office Lease (Nexar Technologies Inc)

Right to Self Help; Interest on Overdue Rent. If an Event of Default shall occur and be continuing, either Landlord or Tenant shall have the right, but shall not be obligated, to enter upon the Premises and to perform the defaulted such obligation notwithstanding the fact that no specific provision for such substituted performance by either Landlord or Tenant is made in this Lease with respect to such Event of Default. In performing such obligation, either Landlord or Tenant may make any payment of money or perform any other act. The aggregate of (i) all sums so paid by Landlord, either Landlord or Tenant (ii) interest (at the rate of 1 1-1/2% per month or the highest rate permitted by law, whichever is less) on such sums sum plus all Rent not paid when due and (iii) all necessary incidental costs and expenses in connection with the performance of any such act by Landlordeither Landlord or Tenant, shall be deemed to be Rent under this Lease and shall be payable to either Landlord or Tenant immediately upon demand. Either Landlord or Tenant may exercise the foregoing rights without waiving any other of its rights or releasing either Landlord or Tenant from any of its obligations under this Lease. All Rent not paid when due shall bear interest at the rate provided in the preceding paragraph, payable on demand.

Appears in 1 contract

Samples: Office Lease (Account4 Com Inc)

Right to Self Help; Interest on Overdue Rent. If an Event of Default shall occur and be continuing, Landlord shall have the right, but shall not be obligated, to enter upon the Premises and to perform the defaulted such obligation notwithstanding the fact that no specific provision for such substituted performance by Landlord is made in this Lease with respect to such Event of Default. In performing such obligation, Landlord may make any payment of money or perform any other act. The aggregate of (i) all sums so paid by Landlord, (ii) interest (at the rate of 1 1/2% per month or the highest rate permitted by law, whichever is less) on such sums sum PLUS all Rent not paid when due and (iii) all necessary incidental costs and expenses in connection with the performance of any such act by Landlord, shall be deemed to be Rent under this Lease and shall be payable to Landlord immediately upon demand. Landlord may exercise the foregoing rights without waiving any other of its rights or releasing Tenant from any of its obligations under this Lease. All Rent not paid when due shall bear interest at the rate provided in the preceding paragraph, payable on demand.

Appears in 1 contract

Samples: Office Lease (Summit Design Inc)

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Right to Self Help; Interest on Overdue Rent. If an Event of Default shall occur and be continuing, Landlord shall have the rightright upon reasonable notice to Tenant, but shall not be obligated, to enter upon the Premises and to perform the defaulted obligation notwithstanding the fact that no specific provision for such substituted performance by Landlord is made in this Lease with respect to such Event of Default. In performing such obligation, Landlord may make any payment of money or perform any other act. The aggregate of (i) all sums so paid by Landlord, (ii) interest (at the rate of 1 1/2% per month or the highest rate permitted by law, whichever is less) on such sums and (iii) all necessary incidental costs and expenses in connection with the performance of any such act by Landlord, shall be deemed to be Rent under this Lease and shall be payable to Landlord immediately upon demand. Landlord may exercise the foregoing rights without waiving any other of its rights or releasing Tenant from any of its obligations under this Lease. All Rent not paid when due shall bear interest at the rate provided in the preceding paragraph, payable on within 30 days after demand.

Appears in 1 contract

Samples: Lease Agreement (Ultragenyx Pharmaceutical Inc.)

Right to Self Help; Interest on Overdue Rent. If an Event of Default shall occur and be continuing, Landlord shall have the right, but shall not be obligated, to enter upon the Premises and to perform the defaulted such obligation notwithstanding the fact that no specific provision for such substituted performance by Landlord Xxxxxxxx is made in this Lease with respect to such Event of Default. In performing such obligation, Landlord may make any payment of money or perform any other act. The aggregate of (i) all sums so paid by Landlord, (ii) interest (at the rate of 1 1/2% per month or the highest rate permitted by law, whichever is less) on such sums sum plus all Rent not paid when due and (iii) ---- all necessary incidental costs and expenses in connection with the performance of any such act by Landlord, shall be deemed to be Rent under this Lease and shall be payable to Landlord immediately upon demand. Landlord may exercise the foregoing rights without waiving any other of its rights or releasing Tenant from any of its obligations under this Lease. All Rent not paid when due shall bear interest at the rate provided in the preceding paragraph, payable on demand.

Appears in 1 contract

Samples: Office Lease (Lifeline Systems Inc)

Right to Self Help; Interest on Overdue Rent. If an Event of Default shall occur and be continuing, Landlord shall have the right, but shall not be obligated, to enter upon the Premises and to perform the defaulted such obligation notwithstanding the fact that no specific provision for such substituted performance by Landlord is made in this Lease with respect to such Event of Default. Default In performing such obligation, Landlord may make any payment of money or perform any other act. The aggregate of (i) all sums so paid by Landlord, (ii) interest (at the rate of 1 1/211/2% per month or the highest rate permitted by law, whichever is less) on such sums sum plus all Rent not paid when due and (iii) all necessary incidental costs and expenses in connection with the performance of of. any such act by Landlord, ,. shall be deemed to be Rent under this Lease and shall be payable to Landlord immediately upon demand. Landlord may exercise the foregoing rights without waiving any other of its rights or releasing Tenant from any of its obligations under this Lease. All Rent not paid when due shall bear interest at the rate provided in the preceding paragraph, payable on demand.

Appears in 1 contract

Samples: Office Lease (Sync Research Inc)

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