Common use of Performance of Tenant Obligations Clause in Contracts

Performance of Tenant Obligations. A Designated Third Party shall have the right, but not the obligation, to pay all sums due under this Agreement and to perform any other act, duty or obligation required of Tenant hereunder or cause to be cured any default of Tenant hereunder in the time and manner provided by and subject to the terms of this Agreement. Nothing herein requires the Designated Third Party to cure any default of Tenant under this Agreement or (unless such party has succeeded to the Tenant’s interests under this Agreement) to perform any act, duty or obligation of Tenant under this Agreement, but Landlord hereby gives such party the option to do so, provided any such cure, act, duty or obligation is performed in accordance with the terms of this Agreement.

Appears in 3 contracts

Sources: Solar Power License Agreement, Solar Power License Agreement, Solar Power License Agreement