Payment by Lessor Clause Samples
Payment by Lessor. If Lessee shall fail to make any payment or perform any act required hereunder, then Lessor may, but shall not be required to, after such notice to Lessee as is reasonable under the circumstances, make such payment or perform such act with the same effect as if made or performed by Lessee. Lessee will upon demand reimburse Lessor for all sums paid and all costs and expenses incurred in connection with the performance of any such act.
Payment by Lessor. In the event the Lessor shall be required to pay any sum that is the Lessee’s responsibility or liability, the Lessee shall reimburse the Lessor for such payment and for reasonable expenses caused thereby.
Payment by Lessor. Should Lessee fail to pay within the time specified in this Article any taxes, assessments, or other charges required by this Article to be paid by Lessee, Lessor may, but is not obligated to, without notice to or demand on Lessee, pay, discharge, or adjust such tax, assessment, or other charge for the benefit of Lessee. In such event, Lessee shall promptly on written demand of Lessor reimburse Lessor for the full amount paid by Lessor in paying, discharging, or adjusting such tax, assessment, or other charge together with interest thereon at the rate of ten percent (10%) per annum from the date of payment by Lessor until the date of repayment by Lessee. Where no time within which any charge required by this Article to be paid by Lessee is specified in this Article, such charge must be paid by Lessee before it becomes delinquent.
Payment by Lessor. Lessor will not be obliged to pay any amounts to Lessee under this Agreement so long as any sums which are then due from Lessee under this Agreement remain unpaid and any such amounts which would otherwise be due will fall due only if and when ▇▇▇▇▇▇ has paid all such sums.
Payment by Lessor. 16.6 Severability ............................................................................................................... 16.7 Remedy ..................................................................................................................... 16.8 Expenses ...................................................................................................................
Payment by Lessor. In the event Lessee fails to procure, maintain or pay for any insurance required to be procured, maintained and paid for by Lessee hereunder, or to make any payment required to be made by Lessee hereunder (including, but not limited to, the payment of any fees, assessments, charges or taxes), Lessor has the right, but is not obligated, to obtain such insurance, or make such payment, on behalf of Lessee. In the event Lessor does so, Lessee shall reimburse Lessor for the cost thereof upon demand and the failure to make such reimbursement within ten (10) days after demand will constitute an Event of Default hereunder as defined in Article 13 hereof.
Payment by Lessor. Should Tenant fail to pay any Taxes required by this Article III to be paid by ▇▇▇▇▇▇ within the time specified herein, subject to Tenant’s right to contest such Taxes in accordance with Section 3.6.3, and if such amount is not paid by Tenant within fifteen
Payment by Lessor. Subject to the right of the Lessee to contest Impositions, as provided for in Section 5.02 above, Lessor may at any time that the payment of any Imposition which Lessee is obligated to pay under the provisions of Section 5.02 of this Agreement remains unpaid, give written notice to Lessee of its default, specifying the same, and if Lessee continues to fail to pay such Imposition or to contest the same in good faith, then at any time after ten (10) days from such written notice, Lessor may pay the items specified in the notice and Lessee covenants thereupon, on demand, to reimburse and pay Lessor any amount so paid or expended in the payment of the items specified in the notice.
Payment by Lessor. Any claims by Lessee for reimbursement from Maintenance Reserves shall be for completed work only. Provided there is no Default or Event of Default, any reimbursable claims pursuant to this Section 5.11 shall be paid or disputed not later than ninety (90) days after Lessor's receipt of a detailed invoice, reasonably satisfactory to Lessor in form and substance, together with supporting evidence reasonably acceptable to Lessor, such as third party bills and work package certified completed. Lessor shall pay to Lessee such amounts as are equal to the actual cost incurred by Lessee, during the Term of the Agreement and claimed by Lessee, in respect of and to the extent of reimbursable claims pursuant to this Section 5.11 provided, however, that:
a. No payment shall be made in respect of replacements or repairs caused by foreign object damage, faulty maintenance or installation, or covered by manufacturer's alert service bulletins outside of the Agreed Maintenance Program, or misuse, neglect, negligence, or any cost which is reimbursable by a claim under the manufacturer's warranties or by insurance (deductibles being treated as reimbursable by insurance for this purpose) after due diligence in effecting recovery, or any other replacements or repairs paid for or reimbursable by any other Person.
b. Lessee will be responsible for payment of all costs in excess of the amounts reimbursed hereunder. If, at the time of the structural check (in the case of the Airframe) or at the time of removal (in the case of an Engine, or the Landing Gear) and so long as there is no Default or Event of Default under this Agreement, the balance in the account for the Airframe "C" Check Reserves, Airframe "E" Check Reserves, Engine LLP Reserves or Engine Refurbishment Reserves for a particular Engine, or Landing Gear Reserves, as applicable, less all previous payments by Lessor to Lessee for reimbursement in such account and less any set off by Lessor for any repair or overhaul expenditure that Lessor may incur in accordance with Section 15.7 of this Agreement, is insufficient to satisfy a claim for reimbursement in respect of the applicable Airframe check, Engine, or Landing Gear, Lessee shall receive a credit against future Maintenance Reserves to the applicable account in an amount equal to the shortfall in that account. Notwithstanding the foregoing, with respect to the credit available to Lessee in the case of an Engine overhaul, if such deficiency in the appropriate Maintenan...
Payment by Lessor. Within 30 days after ▇▇▇▇▇▇’s delivery to Lessor of a properly completed and executed Acceptance Certificate and all other documentation necessary to establish Lessee’s acceptance of such Equipment under the related Lease and Lessor’s acceptance of such Acceptance Certificate, Lessor shall pay the Contractor for the Equipment. Lessor shall not accept the Acceptance Certificate until it has received from Lessee (1) evidence of insurance with respect to the Equipment in compliance with Section 14 hereof,