Common use of Right of Owner Trustee to Perform Clause in Contracts

Right of Owner Trustee to Perform. If the Lessee shall fail to comply with the covenants herein contained, the Owner-Trustee may, but shall not be obligated to, (i) make advances to perform the same, and (ii) enter upon the Leased Property to perform any and all acts required by the Lessee's covenants herein contained and to take all such action thereon as in the Owner-Trustee's opinion may be necessary or appropriate therefor. All payments so made by the Owner-Trustee and all costs and expenses (including without limitation, reasonable attorneys' fees and expenses) incurred in connection therewith shall be payable by the Lessee upon demand as additional rent hereunder, with interest at the Late Rate. No entry shall be deemed an eviction of the Lessee or a repossession of the Leased Property, and no such advance, performance or other act shall be deemed to relieve the Lessee from any default hereunder.

Appears in 2 contracts

Samples: Crown Pacific Partners L P, Crown Pacific Partners L P

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Right of Owner Trustee to Perform. If the Lessee shall fail to comply with the covenants herein contained, the Owner-Owner Trustee may, but shall not be obligated to, (i) make advances to perform the same, and (ii) enter upon the Leased Property to perform any and all acts required by the Lessee's covenants herein contained and to take all such action thereon as in the Owner-Owner Trustee's opinion may be necessary or appropriate therefor. All payments so made by the Owner-Owner Trustee and all costs and expenses (including without limitation, reasonable attorneys' fees and expenses) incurred in connection therewith shall be payable by the Lessee upon demand as additional rent hereunder, with interest at the Late Rate. No entry shall be deemed an eviction of the Lessee or a repossession of the Leased Property, and no such advance, performance or other act shall be deemed to relieve the Lessee from any default hereunder.

Appears in 1 contract

Samples: Lease (Pope & Talbot Inc /De/)

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Right of Owner Trustee to Perform. If the Lessee shall fail to comply --------------------------------- with the covenants herein contained, the Owner-Owner Trustee may, but shall not be obligated to, (i) make advances to perform the same, and (ii) enter upon the Leased Property to perform any and all acts required by the Lessee's covenants herein contained and to take all such action thereon as in the Owner-Owner Trustee's opinion may be necessary or appropriate therefor. All payments so made by the Owner-Owner Trustee and all costs and expenses (including without limitation, reasonable attorneys' fees and expenses) incurred in connection therewith shall be payable by the Lessee upon demand as additional rent hereunder, with interest at the Late Rate. No entry shall be deemed an eviction of the Lessee or a repossession of the Leased Property, and no such advance, performance or other act shall be deemed to relieve the Lessee from any default hereunder.

Appears in 1 contract

Samples: Pope & Talbot Inc /De/

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