Common use of Substitution of Performance Clause in Contracts

Substitution of Performance. If Lessee shall fail to do anything required to be done by it under the terms of this Agreement, except to pay rent and other charges, Lessor may, after thirty (30) days written notice to Lessee, at Lessor’s sole option, do such act or thing on behalf of Lessee, and upon notification of the cost thereof to Lessor, Lessee shall promptly pay to Lessor the amount of that cost.

Appears in 1 contract

Sources: Lease Agreement (Nova Biosource Fuels, Inc.)

Substitution of Performance. If Lessee shall fail to do anything required to be done by it under the terms term(s) of this AgreementLease, except to pay rent and other charges, Lessor may, after thirty (30) days 30 days, written notice to Lessee, at Lessor’s sole option, do such act or thing on behalf of Lessee, and upon notification of the cost thereof to Lessor, Lessee shall promptly pay to Lessor the amount of that cost.

Appears in 1 contract

Sources: Lease Agreement (Lmi Aerospace Inc)

Substitution of Performance. If Except as may be otherwise --------------------------- provided in this Lease, if Lessee shall fail to do anything required to be done by it under the terms term(s) of this AgreementLease, except to pay rent and other charges, Lessor may, after thirty (30) days 30 days, written notice to Lessee, at Lessor’s 's sole option, do such act or thing on behalf of Lessee, and upon notification of the cost thereof to Lessor, Lessee shall promptly pay to Lessor the amount of that cost.

Appears in 1 contract

Sources: Lease Agreement (Matrix Service Co)