Alternative Execution Sample Clauses
The Alternative Execution clause allows for the performance of contractual obligations through means different from those originally specified in the agreement. In practice, this might permit a party to deliver goods from a different location, use substitute materials, or employ alternative methods to fulfill their duties if the original method becomes impractical or impossible. This clause provides flexibility in contract execution, ensuring that obligations can still be met even when unforeseen circumstances disrupt the original plan, thereby reducing the risk of breach and maintaining the continuity of the agreement.
Alternative Execution. 5.21.1 It is hereby expressly understood and agreed that if, at any time and as often as the situation arises, the Lessee fails to fulfill or execute any of its obligations under the terms of this Lease, the Lessor may, without excusing or releasing the Lessee from such obligations, itself respect and fulfill said obligation or obligations of the Lessee.
5.21.2 In this regard, the Lessor may pay the amounts required or deemed necessary and subsequently collect from the Lessee such amounts plus applicable interest charged from the date on which the Lessor paid said amounts, at the interest rate agreed to herein as additional rent; the Lessee undertakes to immediately reimburse all such expenses as well as the applicable interest on such amounts at the agreed upon rate.