Common use of Lessor's Right to Perform for Lessee Clause in Contracts

Lessor's Right to Perform for Lessee. If Lessee fails to make any payment required to be made by it hereunder or fails to perform or comply with any of the covenants, agreements or obligations contained herein, Lessor shall have the right, but not the obligation, to make such payment or conform or comply with such agreement, covenant or obligation, and the amount of such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or the performance thereof or compliance therewith, together with interest thereon at the Interest Rate, shall be payable by Lessee to Lessor, as Supplemental Rent, upon demand. Lessor agrees to notify Lessee in writing prior to making any payment or exercising any right under this Section 20.03, unless the Aircraft will be in danger of loss, sale, confiscation, forfeiture or seizure should such payment not be made or right exercised. The taking of any such action by Lessor shall not constitute a waiver or release of any obligation of Lessee under this Lease, nor a waiver of any Default or Event of Default which may arise out of Lessee's nonperformance of such obligation, nor an election or waiver by Lessor of any remedy or right available to Lessor under or in relation to this Lease.

Lessor's Right to Perform for Lessee. If Lessee fails to make any payment of Supplemental Rent required to be made by it hereunder or fails to pay or perform or comply with any of the covenants, agreements or obligations its obligation contained herein, Lessor shall have the right, but not the obligation, to make such payment or conform or comply with such agreement, covenant or obligationperform suchobligation, and the amount of such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or the performance thereof or compliance therewith, together with interest thereon at the Interest Rate, shall be payable by Lessee to Lessor, Lessor (as Supplemental Rent, ) upon demand. Lessor agrees to notify Lessee in writing prior to making any payment or exercising any right under this Section 20.0320(d), unless the Aircraft will be in danger of loss, sale, confiscation, forfeiture or seizure should such payment not be made or right exercisedmade. The taking of any such action by Lessor pursuant to this Section 20(d) shall not constitute a waiver or release of any obligation of Lessee under this the Lease, nor a waiver of any Default or Event of Default which may arise out of Lessee's nonperformance of such obligation, nor an election or waiver by Lessor of any remedy or right available to Lessor under or in relation to this Lease.

Lessor's Right to Perform for Lessee. If Lessee fails to make any payment of Supplemental Rent required to be made by it hereunder or fails to perform or comply with any of the covenantscovenant, agreements agreement or obligations obligation contained herein, Lessor shall have the right, right but not the obligation, obligation to make such payment or conform or comply with such agreement, covenant or obligation, and the amount of such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or the performance thereof or compliance therewith, together with interest thereon at the Interest Rate, shall be payable by Lessee to Lessor, Lessor (as Supplemental Rent, ) upon demand. Lessor agrees to notify Lessee in writing prior to making any payment or exercising any right under this Section 20.0320(d), unless the Aircraft will be in danger of loss, sale, confiscation, forfeiture or seizure should such payment not be made or right exercisedmade. The taking of any such action by Lessor pursuant to this Subsection 20(d) shall not constitute a waiver or release of any obligation of Lessee under this the Lease, nor a waiver of any Default or Event of Default which may arise out of Lessee's nonperformance of such obligation, nor XXX 00-000 XXX an election or waiver by Lessor of any remedy or right available to Lessor under or in relation to this Lease.

Lessor's Right to Perform for Lessee. If Lessee fails to make any payment of Supplemental Rent required to be made by it hereunder or fails to perform or comply with any of the covenantscovenant, agreements agreement or obligations obligation contained herein, Lessor shall have the right, right but not the obligation, obligation to make such payment or conform or comply with such agreement, covenant or obligation, and the amount of such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or the performance thereof or compliance therewith, together with interest thereon at the Interest Rate, shall be payable by Lessee to Lessor, Lessor (as Supplemental Rent, ) upon demand. Lessor agrees to notify Lessee in writing prior to making any payment or exercising any right under this Section 20.0323(d), unless the Aircraft will be in danger of loss, sale, confiscation, forfeiture or seizure should such payment not be made or right exercisedmade. The taking making of any such action by Lessor pursuant to this Section 23(d) shall not constitute a waiver or release of any obligation of Lessee under this the Lease, nor a waiver of any Default or Event of Default which may arise out of Lessee's nonperformance of such obligation, nor an election or waiver by Lessor of any remedy or right available to Lessor under or in relation to this Lease.