Common use of Supervisory Right Clause in Contracts

Supervisory Right. The Secretary of State, as supervisory trustee, shall have the right to institute any action to enforce the terms of this Lease Agreement in the event LESSOR fails to do so in a timely manner. In the event the Secretary institutes legal action to enforce the terms of this Lease Agreement, he shall have all rights as are conferred to LESSOR.

Appears in 9 contracts

Sources: Farm Residential Lease, Lease Agreement, Lease Agreement

Supervisory Right. The Secretary of State, as supervisory trustee, shall have the right to institute any action to enforce the terms of this Lease Agreement in the event LESSOR fails to do so in a timely manner. In the event the Secretary institutes legal action to enforce the terms of this Lease Agreement, he shall have all rights as are conferred to LESSOR.

Appears in 4 contracts

Sources: Catfish Farming Lease, Agricultural Lease Agreement, Catfish Farming Lease

Supervisory Right. The Secretary of State, as supervisory trustee, shall have the right to institute any action to enforce the terms of this Lease Agreement in the event LESSOR fails to do so in a timely manner. In the event the Secretary institutes legal action to enforce the terms of this Lease Agreement, he shall have all rights as are conferred to LESSOR.

Appears in 3 contracts

Sources: Commercial Lease, Commercial Lease, Commercial Lease

Supervisory Right. The Secretary of State, as supervisory trustee, shall have the right to institute any action to enforce the terms of this Lease Agreement in the event LESSOR fails to do so in a timely manner. In the event the Secretary institutes legal action to enforce the terms of this Lease Agreement, Agreement he shall have all rights as are conferred to LESSOR.

Appears in 3 contracts

Sources: Hunting and Fishing Lease Agreement, Hunting and Fishing Lease, Hunting and Fishing Lease

Supervisory Right. The Secretary of State, as supervisory trustee, shall have the right to institute any action to enforce the terms of this Lease Agreement in the event LESSOR fails to do so in a timely manner. In the event the Secretary institutes legal action to enforce the terms of this Lease Agreement, he shall have all rights as are conferred to LESSOR.to

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement

Supervisory Right. The Secretary of State, as supervisory trustee, shall have the right to institute any action to enforce the terms of this Lease Agreement in the event LESSOR fails to do so in a timely manner. In the event the Secretary institutes legal action to enforce the terms of this Lease Agreement, Agreement he shall have all rights as are conferred to LESSOR.

Appears in 1 contract

Sources: Residential Lease