Common use of Lessor’s Rights Clause in Contracts

Lessor’s Rights. If the Lessee fails to perform the Lessee's obligations under this Article 6, the Lessor may, at its option (but shall not be required to), and with a five (5) day written notice to the Lessee, perform such obligations on behalf of the Lessee, and the cost thereof, together with interest thereon at the rate specified in Paragraph 12.2(a) hereof, shall immediately become due and payable as additional rent to the Lessor.

Appears in 5 contracts

Samples: Standard Commercial Lease (Resonant Inc), Lease (Computer Motion Inc), Adept Technology Inc

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Lessor’s Rights. If the Lessee fails to perform the Lessee's obligations under this Article 6, the Lessor may, at its option (but shall not be required to), and with a five (5) day written notice to the Lessee, perform such obligations on behalf of the Lessee, and the cost thereof, together with interest thereon at the rate specified in Paragraph 12.2(a) hereof, shall immediately become due and payable as additional rent to the LessorLessor within ten (10) days following written demand therefor.

Appears in 2 contracts

Samples: Assignment and Assumption Of (Venoco, Inc.), GRC International Inc

Lessor’s Rights. If the Lessee fails to perform the Lessee's ’s obligations under this Article 6, the Lessor may, at its option (but shall not be required to), and with a five fifteen (515) day written notice to the LesseeLessee (except in the event of an emergency in which event no prior notice shall be necessary), perform such obligations on behalf of the Lessee, and the cost thereof, together with interest thereon at the rate specified in Paragraph Section 12.2(a) hereof, shall immediately become due and payable as additional rent to the Lessor.

Appears in 1 contract

Samples: Lease (Inamed Corp)

Lessor’s Rights. If the Lessee fails to perform the Lessee's ’s obligations under this Article 6, the Lessor may, at its option (but shall not be required to), and with a five (5) day written without notice to the Lessee, perform such obligations on behalf of the Lessee, and the cost thereof, together with interest thereon at the rate specified in Paragraph 12.2(a1 2.2(a) hereof, shall immediately become due and payable as additional rent to the Lessor.

Appears in 1 contract

Samples: Sublease (Inamed Corp)

Lessor’s Rights. If the Lessee fails to perform the Lessee's obligations under this Article 6, the Lessor may, at its option (but shall not be required to), and with a five (5) day written notice to the Lessee, perform such obligations on behalf of the Lessee, and the cost thereof, together with interest thereon at the rate specified in Paragraph 12.2(a) hereof, shall immediately become due and payable as additional rent to the LessorLessor within ten (10) days following written demand therefor.

Appears in 1 contract

Samples: GRC International Inc

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Lessor’s Rights. If the Lessee fails to perform the Lessee's ’s obligations under this Article 6, the Lessor may, at its option (but shall not be required to), and with a five (5) day written notice to the Lessee, perform such obligations on behalf of the Lessee, and the cost thereof, together with interest thereon at the rate specified in Paragraph 12.2(a) hereof, shall immediately become due and payable as additional rent to the Lessor.

Appears in 1 contract

Samples: Lease (Inamed Corp)

Lessor’s Rights. If the Lessee fails falls to perform the Lessee's ’s obligations under this Article 6, the Lessor may, at its option (but shall not be required to), and with a five (5) day written without notice to the Lessee, perform such obligations on behalf of the Lessee, and the cost thereof, together with interest thereon at the rate specified in Paragraph 12.2(a) hereof, shall immediately become due and payable as additional rent to the Lessor.

Appears in 1 contract

Samples: Lease (Inamed Corp)

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