Common use of Lessor’s Remedies Clause in Contracts

Lessor’s Remedies. (a) In the event of any such material default under or material breach of the terms of this Lease by Lessee, Lessor may, at Lessor’s option, at any time thereafter that such default or breach remains uncured, without further notice or demand, terminate this Lease and Lessee’s right to possession of the Premises and forthwith repossess the Premises by any lawful means in which event Lessee shall immediately surrender possession of the Premises to Lessor; and any such action on the part of Lessor shall be in addition to any other remedy that may be available to Lessor for arrears of Rent or breach of contract, or otherwise, including the right of setoff.

Appears in 5 contracts

Samples: Financing Agreement (Delek Logistics Partners, LP), Lease and Access Agreement (Delek Logistics Partners, LP), Lease and Access Agreement (HollyFrontier Corp)

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Lessor’s Remedies. (a) In the event of any such material default under or material breach of the terms of this Lease by any Lessee, Lessor may, at Lessor’s option, at any time thereafter that such default or breach remains uncured, without further notice or demand, terminate this Lease and Lessee’s Lessees’ right to possession of the Premises and forthwith repossess the Premises by any lawful means in which event Lessee Lessees shall immediately surrender possession of the Premises to Lessor; and any such action on the part of Lessor shall be in addition to any other remedy that may be available to Lessor for arrears of Rent or breach of contract, or otherwise, including the right of setoff.

Appears in 2 contracts

Samples: Lease and Access Agreement (Holly Energy Partners Lp), Lease and Access Agreement (Holly Corp)

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