Common use of PAYMENT BY THE LESSOR Clause in Contracts

PAYMENT BY THE LESSOR. If the Lessee defaults in the payment of any Taxes under clause 5.2 the Lessor may (without limiting any other rights and remedies of the Lessor) pay the Taxes and the Lessee must on demand reimburse the Lessor the amount so paid with interest in accordance with clause 5.5.

Appears in 2 contracts

Sources: Bus Lease Agreement, Bus Lease Agreement