Common use of Right of Lessor to Perform Clause in Contracts

Right of Lessor to Perform. All covenants and agreements to be performed by Lessee under this Lease shall be performed at Lessee's sole cost and expense and without any abatement of rent or right of set off. If Lessee fails to pay any sum of money, other than rent, or fails to perform any other act on its part to be performed under this Lease, and the failure continues beyond any applicable grace period set forth in Section 15.01, then in addition to any other available remedies, Lessor may, at its election, make the payment or perform the other act on Lessee's part. Lessor's election to make the payment or perform the act on Lessee's part shall not give rise to any responsibility of Lessor to continue making the same or similar payments or performing the same or similar acts. Lessee shall, promptly upon demand by Lessor, reimburse Lessor for all sums paid by Lessor and all necessary incidental costs, together with interest at the maximum rate permitted by law from the date of the payment by Lessor. Lessor shall have the same rights and remedies if Lessee fails to pay those amounts as Lessor would have in the event of a default by Lessee in the payment of rent.

Appears in 1 contract

Sources: Lease Agreement (Gaming & Entertainment Group Inc)

Right of Lessor to Perform. All covenants and agreements to be performed by Lessee under this Lease shall be performed at Lessee▇▇▇▇▇▇'s sole cost and expense and without any abatement of rent or right of set off. If Lessee ▇▇▇▇▇▇ fails to pay any sum of money, other than rent, or fails to perform any other act on its part to be performed under this Lease, and the failure continues beyond any applicable grace period set forth in Section 15.01, then in addition to any other available remedies, Lessor may, at its election, make the payment or perform the other act on Lessee▇▇▇▇▇▇'s part. Lessor▇▇▇▇▇▇'s election to make the payment or perform the act on Lessee▇▇▇▇▇▇'s part shall not give rise to any responsibility of Lessor to continue making the same or similar payments or performing the same or similar acts. Lessee shall, promptly upon demand by Lessor▇▇▇▇▇▇, reimburse Lessor for all sums paid by Lessor ▇▇▇▇▇▇ and all necessary incidental costs, together with interest at the maximum rate permitted by law from the date of the payment by Lessor▇▇▇▇▇▇. Lessor shall have the same rights and remedies if Lessee ▇▇▇▇▇▇ fails to pay those amounts as Lessor would have in the event of a default by Lessee ▇▇▇▇▇▇ in the payment of rent.

Appears in 1 contract

Sources: Lease Agreement (Casinovations Inc)

Right of Lessor to Perform. All covenants and agreements to be performed by Lessee under this Lease shall be performed at Lessee's sole cost and expense and exp▇▇▇▇ ▇nd without any abatement of rent or right of set off. If Lessee fails to pay any sum of moneysu▇ ▇▇ ▇oney, other than rent, or fails to perform any other act on its part to be performed under this Lease, and the failure continues beyond any applicable grace period set forth in Section 15.01, then in addition to any other available remedies, Lessor may, at its election, make the payment or perform the other act on Lessee's part. Lessor's election e▇▇▇▇▇▇n to make the payment ▇▇▇ ▇▇yment or perform the act on Lessee's part shall not give rise gi▇▇ ▇▇▇e to any responsibility of Lessor to continue making the same or similar payments or performing the same or similar acts. Lessee shall, promptly upon demand by Lessor, reimburse Lessor for all f▇▇ ▇▇▇ sums paid by Lessor and all necessary incidental i▇▇▇▇▇▇tal costs, together with interest at the maximum rate permitted by law from the date of the payment by Lessor. Lessor shall have the same ▇▇▇ ▇ame rights and remedies if Lessee fails to pay those amounts ▇▇▇▇▇▇s as Lessor would have in the event of a default by Lessee in the payment of rentr▇▇▇.

Appears in 1 contract

Sources: Lease Agreement (Casinovations Inc)

Right of Lessor to Perform. All covenants and agreements to be performed by Lessee under this Lease shall be performed at Lessee's sole cost and expense and without any abatement of rent or right Right of set off. If Lessee fails to pay any sum of money, other than rent, or fails to perform any other act on its part to be performed under this Lease, and the failure continues beyond any applicable grace period set forth in Section 15.01, then in addition to any other available remedies, Lessor may, at its election, make the payment or perform the other act on Lessee's part. Lessor's election to make the payment or perform the act on Lessee's part shall not give rise to any responsibility of Lessor to continue making the same or similar payments or performing the same or similar acts. Lessee shall, promptly upon demand by Lessor, reimburse Lessor for all sums paid by Lessor and all necessary incidental costs, together with interest at the maximum rate permitted by law from the date of the payment by Lessor. Lessor shall have the same rights and remedies if Lessee fails to pay those amounts as Lessor lessor would have in the event of a default by Lessee in the payment of rent.

Appears in 1 contract

Sources: Sublease Agreement (Silicon Gaming Inc)