Landlord’s Right to Cure. If Tenant shall fail to contest the validity of any lien or claimed lien or fail to give security to Landlord to insure payment thereof, or shall fail to prosecute such contest with diligence, or shall fail to have the same released and satisfy any judgment rendered thereon, then Landlord may, at its election (but shall not be so required), remove or discharge such lien or claim for lien (with the right, in its discretion, to settle or compromise the same), and any amounts advanced by Landlord, including reasonable attorneys’ fees for such purposes shall be so much Additional Rent due from Tenant to Landlord at the next rent rate after any such payment, with interest thereon at the Default Rate from the date so advanced.
Appears in 7 contracts
Samples: www.sec.gov, Industrial Building Lease (Bway Corp), Industrial Building Lease (Bway Corp)
Landlord’s Right to Cure. If Tenant shall fail to contest the validity of any lien or claimed lien or fail to give security to Landlord to insure payment thereof, or shall fail to prosecute such contest with diligence, or shall fail to have the same released and satisfy any judgment rendered thereon, then Landlord may, at its election (but shall not be so required), ) remove or discharge such lien or claim for lien (with the right, in its discretion, to settle or compromise the same), and any amounts advanced by Landlord, including reasonable attorneys’ fees ' fees, for such purposes shall be so much Additional Rent additional rent due from Tenant to Landlord at the next rent rate date after any such payment, with interest thereon at the Default Lease Interest Rate from the date so advanced.
Appears in 6 contracts
Samples: Lease (Specialty Equipment Companies Inc), Office And (Ha Lo Industries Inc), Eagle Test Systems, Inc.
Landlord’s Right to Cure. If Tenant shall fail to contest the validity of any lien or claimed lien or fail to give security to Landlord to insure payment thereof, or shall fail to prosecute such contest with diligence, or shall fail to have the same released and satisfy any judgment rendered thereon, then Landlord may, at its election (but shall not be so required), remove or discharge such lien or claim for lien (with the right, in its discretion, to settle or compromise the same), and any amounts advanced by Landlord, including reasonable attorneys’ fees fees, for such purposes shall be so much Additional Rent due from Tenant to Landlord at the next rent rate date after any such payment, with interest thereon at the Default Rate from the date so advanced.
Appears in 3 contracts
Samples: Industrial Building Lease (Phoenix Container, Inc.), Industrial Building Lease (Phoenix Container, Inc.), Industrial Building Lease (Bway Corp)
Landlord’s Right to Cure. If Tenant shall fail to ------------------------ contest the validity of any lien or claimed lien or fail to give security to Landlord to insure payment thereof, or shall fail to prosecute such contest with diligence, or shall fail to have the same released and satisfy any judgment rendered thereon, then Landlord may, at its election (but shall not be so required), ) remove or discharge such lien or claim for lien (with the right, in its discretion, to settle or compromise the same), and any amounts advanced by Landlord, including reasonable attorneys’ fees ' fees, for such purposes shall be so much Additional Rent additional rent due from Tenant to Landlord at the next rent rate date after any such payment, with interest thereon at the Default Lease Interest Rate from the date so advanced.
Appears in 2 contracts
Samples: Lease (Styrochem International Inc), Lease (Exodus Communications Inc)
Landlord’s Right to Cure. If Tenant shall fail to contest the validity of any lien or claimed lien or fail to give security to Landlord to insure payment thereof, or shall fail to prosecute such contest with diligence, or shall fail to have the same released and satisfy any judgment rendered thereon, then Landlord may, at its election (but shall not be so required), ) remove or discharge such lien or claim for lien (with the right, in its discretion, to settle or compromise the same), and any amounts advanced by Landlord, including reasonable attorneys’ fees fees, for such purposes shall be so much Additional Rent additional rent due from Tenant to Landlord at the next rent rate date after any such payment, with interest thereon at the Default Lease Interest Rate from the date so advanced.
Appears in 1 contract
Samples: Industrial Building Lease (Factory Card & Party Outlet Corp)
Landlord’s Right to Cure. If Tenant shall fail to contest the validity of any lien or claimed lien or fail to give security to Landlord to insure payment thereof, or shall fail to prosecute such contest with diligence, or shall fail to have the same released and satisfy any judgment rendered thereon, then Landlord may, at its election (but shall not be so required), ) remove or discharge such lien or claim for lien (with the right, in its discretion, to settle or compromise the same), and any amounts advanced by Landlord, including reasonable attorneys’ fees ' fees, for such purposes shall be so much Additional Rent additional rent due from Tenant to Landlord at on the first day of the next rent rate calendar month after any such payment, with the interest thereon at the Default Rate from the date so advancedadvanced until the date paid in full.
Appears in 1 contract