Common use of Advances and Interest Clause in Contracts

Advances and Interest. Upon the occurrence of any Event of Default, Landlord may, if such default has not been cured, cure that default for the account and at the expense of Tenant. If Landlord is curing such default is compelled to pay or elects to pay any sum of money or do any acts which will require the payment of any sum of money, the sum so paid or incurred shall be reimbursed by Tenant upon demand by Landlord All sums as to which Tenant is in default of payment shall bear interest at the rate of eighteen percent (18%) per annum until paid.

Advances and Interest. Upon the occurrence of any Event of Default, Landlord may, if such default has not been cured, cure that default for the account and at the expense of Tenant. If Landlord is in curing such default is compelled to pay or elects to pay any sum of money or do any acts which will require the payment of any sum of money, the sum so paid or incurred shall be reimbursed by Tenant upon demand by Landlord All sums as to which Tenant is in default of payment shall bear interest at the rate of eighteen percent (18%) per annum until paidLandlord.