Common use of Lessor's Right Clause in Contracts

Lessor's Right. (i) If the Lessee fails to: (i) do, or cause to be done, anything which it is obliged to do, or cause to be done, under any of the Operative Documents to which it is a party; or (ii) make any payment which it is obliged to make under any of the Operative Documents to which it is a party (other than a payment to the Lessor), the Lessor shall be at liberty to do, or cause to be done, that thing or make, or cause to be made, that payment itself. (j) The Lessee shall not cease to be in breach of any of its obligations under any of the Operative Documents by reason of anything done, or caused to be done, or any payment made, or caused to be made, by the Lessor pursuant to paragraph (a) above.

Appears in 2 contracts

Sources: Lease Agreement (Paragon Offshore PLC), Lease Agreement (Paragon Offshore PLC)