Common use of Acceptance of Performance Clause in Contracts

Acceptance of Performance. Landlord may accept Rent or performance of Tenant's obligations from any person other than Tenant pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of Rent or of performance shall constitute a waiver or estoppel of Landlord's right to exercise its remedies for Tenant's default.

Appears in 1 contract

Sources: Industrial Lease (Catalytica Energy Systems Inc)

Acceptance of Performance. Landlord may accept Rent Rent, additional rent or performance of Tenant's ’s obligations from any person other than Tenant pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the such acceptance of Rent or of performance shall constitute a waiver or estoppel of Landlord's ’s right to exercise its remedies for Tenant's ’s default.

Appears in 1 contract

Sources: Lease Agreement (High Plains Gas, Inc.)