TENANT’S PRIMARY DUTY. All agreements and covenants --------------------- to be performed or observed by Tenant under this Lease shall, except as otherwise specifically set forth herein, be at Tenant's sole cost and expense and without any abatement of rent. If Tenant fails to pay any sum of money to be paid by Tenant or to perform any other act to be performed by Tenant under this Lease and such failure results in an Event of Default, Landlord shall have the right, but shall not be obligated, and without waiving or releasing Tenant from any obligations of Tenant, to make any such payment or to perform any such other act on behalf of Tenant in accordance with this Lease. All sums so paid by Landlord and all costs incurred or paid by Landlord shall be deemed additional rent hereunder and Tenant shall pay the same to Landlord within ten (10) days following written demand, together with interest on all such sums and costs from the date of expenditure by Landlord to the date of repayment by Tenant at the prime rate, as published by The Wall Street Journal plus three percent (3%) or the highest legal ----------------------- rate, if less.
Appears in 1 contract
Samples: Campus Lease (Monsanto Co /New/)
TENANT’S PRIMARY DUTY. All agreements and covenants --------------------- to be performed or observed by Tenant under this Lease shall, except as otherwise specifically set forth herein, shall be at Tenant's sole cost and expense and without any abatement of rent, except as expressly provided herein. If Tenant fails to pay any sum of money to be paid by Tenant or to perform any other act to be performed by Tenant under this Lease after notice and such failure results in an Event the passage of Defaultany applicable cure period, Landlord shall have the right, but shall not be obligated, and without waiving or releasing Tenant from any obligations of Tenant, to make any such payment or to perform any such other act on behalf of Tenant in accordance with this Lease. All sums so paid by Landlord and all necessary incidental costs incurred or paid by Landlord shall be deemed additional rent hereunder and Tenant shall pay the same to Landlord within ten (10) days following on written demand, together with interest on all such sums and costs from the date of expenditure by Landlord to the date of repayment by Tenant at the prime rate, as published by The Wall Street Journal plus three percent (3%) or the highest legal ----------------------- rate, if lessInterest Rate.
Appears in 1 contract
Samples: Lease Agreement (Radyne Corp)
TENANT’S PRIMARY DUTY. All agreements and covenants --------------------- to be performed --------------------- or observed by Tenant under this Lease shall, except as otherwise specifically set forth herein, shall be at Tenant's sole cost and expense and without any abatement of rent, except as otherwise expressly set forth in this Lease. If Tenant fails to pay any sum of money to be paid by Tenant or to perform any other act to be performed by Tenant under this Lease beyond any applicable notice and such failure results in an Event of Defaultcure period, Landlord shall have the right, but shall not be obligated, and without waiving or releasing Tenant from any obligations of Tenant, to make any such payment or to perform any such other act on behalf of Tenant in accordance with this Lease. All sums so paid by Landlord and all costs incurred or paid by Landlord shall be deemed additional rent hereunder and Tenant shall pay the same to Landlord within ten (10) days following on written demand, together with interest on all such sums and costs from the date of expenditure by Landlord to the date of repayment by Tenant at the prime rate, as published by The Wall Street Journal plus three rate of ten percent (310%) or the highest legal ----------------------- rate, if lessper annum.
Appears in 1 contract
Samples: Office Lease (Homestore Com Inc)
TENANT’S PRIMARY DUTY. All agreements and covenants --------------------- to be performed or observed by Tenant under this Lease shallshall be at Tenant’s sole cost and expense, except as otherwise specifically set forth herein, be at Tenant's sole cost and expense and and, except as expressly allowed herein without any abatement of rentRent. If Unless otherwise set forth herein, and following ten (10) days prior written notice to Tenant, if Tenant fails to pay any sum of money to be paid by Tenant or to perform any other act to be performed by Tenant under this Lease and such failure results in an Event of DefaultLease, Landlord shall have the right, but shall not be obligated, and without waiving or releasing Tenant from any obligations of Tenant, to make any such payment or to perform any such other act on behalf of Tenant in accordance with this Lease. All sums so paid by Landlord and all costs incurred or paid by Landlord shall be deemed additional rent Additional Rent hereunder and Tenant shall pay the same to Landlord within ten (10) days following on written demand, together with interest on all such sums and costs from the date of expenditure by Landlord to the date of repayment by Tenant at the prime rate, as published by The Wall Street Journal plus three rate of twelve percent (312%) or the highest legal ----------------------- rate, if lessper annum.
Appears in 1 contract
Samples: Lease Agreement (Graham Corp)
TENANT’S PRIMARY DUTY. All agreements and covenants --------------------- to be performed or observed by Tenant under this Lease shall, except as otherwise specifically set forth herein, be at Tenant's sole cost and expense and without any abatement of rent. If Tenant fails to pay any sum of money to be paid by Tenant or to perform any other act to be performed by Tenant under this Lease and such failure results in an Event of Default, Landlord shall have the right, but shall not be obligated, and without waiving or releasing Tenant from any obligations of Tenant, to make any such payment or to perform any such other act on behalf of Tenant in accordance with this Lease. All sums so paid by Landlord and all costs incurred or paid by Landlord shall be deemed additional rent hereunder and Tenant shall pay the same to Landlord within ten (10) days following written demand, together with interest on all such sums and costs from the date of expenditure by Landlord to the date of repayment by Tenant at the prime rate, as published by The the Wall Street Journal plus three percent (3%) or the highest legal ----------------------- ------------------- rate, if less.
Appears in 1 contract
Samples: Campus Lease (Monsanto Co /New/)