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

Lessor's Right to Perform for Lessee. Subject to the terms of the Asset Purchase Agreement, if Lessee fails to perform or comply with any of its obligations hereunder, Lessor shall have the right, but shall not be obligated, after providing Lessee with notice and an opportunity to cure as set forth in Sections 18.1(c) and 23 hereof, to effect such performance, and the amount of any out of pocket expenses and other reasonable expenses of Lessor incurred in connection with such performance, together with interest thereon at the rate of 14% per annum or the maximum lawful rate, whichever is less, shall be payable by Lessee upon demand.