Common use of Payment by Lessor Clause in Contracts

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.