Common use of Lessor’s Rights Clause in Contracts

Lessor’s Rights. If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law shall become due and shall be collectible as additional rental to Lessor together with Lessee's next rental installment.

Appears in 2 contracts

Samples: Digital Domain, Sonic Foundry Inc

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Lessor’s Rights. (See Addendum-Paragraphs 18 arid 19.) If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law shall become due and shall be collectible as additional rental to Lessor together with Lessee's next rental installmentInstallment.

Appears in 2 contracts

Samples: Digital Domain Media Group, Inc., Digital Domain

Lessor’s Rights. If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior written notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law of 10% per annum shall become due and shall be collectible payable as additional rental to Lessor together with Lessee's next rental installment.

Appears in 2 contracts

Samples: Alpha Technologies Group Inc, CFP Holdings Inc

Lessor’s Rights. If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior written notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law of 10% per annum shall become due and shall be collectible as payable at additional rental to Lessor together with Lessee's next rental installment.

Appears in 1 contract

Samples: Lease and Agreement (Authentic Specialty Foods Inc)

Lessor’s Rights. If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law shall become due and shall be collectible as additional rental to Lessor together with Lessee's next rental installmentInstallment.

Appears in 1 contract

Samples: Digital Domain

Lessor’s Rights. If Lessee fails to perform Lessee's ’s obligations under this Paragraph 76, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior written notice to Lessee, and put the same Premises in good order, condition and repair, and the reasonable cost thereof . Any costs incurred by Lessor under this Paragraph 6.3 together with interest thereon at the maximum rate permitted by law specified in Paragraph 14.4 shall become due and shall be collectible payable as additional rental to Lessor together with Lessee's ’s next rental installment.

Appears in 1 contract

Samples: Bway Corp

Lessor’s Rights. If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior written notice to LesseeLessee and provided Lessee has continued to fail to perform such obligation, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law of 10% per annum shall become due and shall be collectible payable as additional rental to Lessor together with Lessee's next rental installment.

Appears in 1 contract

Samples: Industrial Lease (Conceptus Inc)

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Lessor’s Rights. If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, after ten (10) days' prior written notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest Interest thereon at the maximum rate permitted by law of 10% per annum shall become due and shall be collectible payable as additional rental to Lessor together with Lessee's next rental installment.

Appears in 1 contract

Samples: Lease and Agreement (Authentic Specialty Foods Inc)

Lessor’s Rights. If Lessee fails to perform Lessee's obligations under --------------- this Paragraph 7Article 6, Lessor may at its option (but shall not be required to) enter upon the Premises, Premises after ten fifteen (1015) days' prior written notice to Lessee, and put the same in good order, condition and repair, and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law of ten percent (10%) per annum shall become due and shall be collectible payable as additional rental rent to Lessor together with Lessee's next rental installment.

Appears in 1 contract

Samples: Lease (Iown Holdings Inc)

Lessor’s Rights. If Lessee fails to perform Lessee's obligations under this Paragraph 7, Lessor may at its option (but shall not be required to) enter upon the Premises, Premises after ten (10) days' days prior written notice to Lessee, Lessee and put the same in good order, condition and repair, repair and the reasonable cost thereof together with interest thereon at the maximum rate permitted by law of ten percent (10%) per annum shall become due and shall be collectible payable as additional rental to Lessor together with Lessee's next rental installment.

Appears in 1 contract

Samples: Assignment of Lease (Viador Inc)

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