Common use of Satisfaction of Liabilities Clause in Contracts

Satisfaction of Liabilities. The Tenant shall have the right but not the obligation to pay for the Landlord’s liabilities, obligations, responsibilities and/or debts associated with the Site, including without limitation, any liabilities, obligations and/or debts owed to laborers, vendors, brokers, materialmen, and other service providers, and then offset against the Rent any such amount(s) paid by the Tenant.

Satisfaction of Liabilities. The Tenant shall have the right but not the obligation to pay for the Landlord’s liabilities, obligations, responsibilities and/or debts associated with the Project Site, including without limitation, any liabilities, obligations and/or debts owed to laborers, vendors, brokers, materialmen, and other service providers, and then offset against the Rent any such amount(s) paid by the Tenant.

Satisfaction of Liabilities. The Tenant shall have the right but not the obligation to pay for (or offset against Rent) the Landlord’s liabilities, obligations, responsibilities and/or debts associated with the Site, including without limitation, any taxes owed by the Landlord and other liabilities, obligations and/or debts owed to laborers, vendors, brokers, materialmen, and other service providers; provided, that the Landlord shall be in default of such obligations and then offset against the Rent any such amount(s) paid by Tenant shall first provide reasonable prior notice to the Landlord of the Tenant’s intention to satisfy such obligations.