Common use of PAYMENTS IN EVENT OF DELINQUENCY Clause in Contracts

PAYMENTS IN EVENT OF DELINQUENCY. In the event that Lessee fails to pay the Taxes, Fees and Assessments, Lessor may increase, but shall not be obligated to increase, Lessee’s Lease Fee in an amount that will offset the cost of any delinquent and current taxes or other charges relating to the Improvements and Leased Premises. Upon collecting any such amount, Lessor shall pay the amount collected to the taxing or other authority or creditor entity in a timely manner.

PAYMENTS IN EVENT OF DELINQUENCY. In the event that Lessee fails to pay the Taxes, Fees and Assessmentstaxes or other charges specified in Section 6.1 above, Lessor may increase, but shall not be obligated to increase, Lessee’s Ground Lease Fee in an amount that will offset the cost of any delinquent and current taxes or other charges relating to the Improvements and Leased Premises. Upon collecting any such amount, Lessor shall pay the amount collected to the taxing or other authority or creditor entity in a timely manner.

PAYMENTS IN EVENT OF DELINQUENCY. In the event that Lessee fails to pay the Taxes, Fees and Assessmentstaxes or other charges specified in Section 6.1 above, Lessor may increase, but shall not be obligated to increase, Lessee’s Ground Lease Fee in an amount that will offset the cost of any delinquent and current taxes or other charges relating to the Improvements and Leased Premises. Upon collecting any such amount, Lessor shall pay the amount collected to the taxing or other authority or creditor entity in a timely mannermanner or reimburse itself for any payments made by it on Lessee’s behalf.

PAYMENTS IN EVENT OF DELINQUENCY. In the event that Lessee fails to pay the Taxes, Fees and Assessmentstaxes or other charges specified in Section 6.1 above, Lessor may increase, but shall not be obligated to increase, Lessee’s Lease Fee in an amount that will offset the cost of any delinquent and current taxes or other charges relating to the Improvements and Leased Premises. Upon collecting any such amount, Lessor shall pay the amount collected to the taxing or other authority or creditor entity in a timely manner.

PAYMENTS IN EVENT OF DELINQUENCY. In the event that Lessee fails to pay the Taxestaxes, Fees insurance, utility bills, service bills and Assessmentsassessments or other charges specified in section 6.1 above, which are otherwise not part of the ground lease, Lessor may increase, but shall not be obligated to increase, Lessee’s ground Lease Fee in an amount that will offset the cost of any delinquent and current taxes or other charges relating to the Improvements charges, and Leased Premises. Upon collecting any make such amount, Lessor shall pay the amount collected to the taxing or other authority or creditor entity payments in a timely manner.