Common use of Self-Executing Clause in Contracts

Self-Executing. The agreements contained in this Paragraph 30 shall be effective without the execution of any further documents; provided, however, that upon written request from Lessor or a Lender in connection with a sale, financing or refinancing of Premises, Lessee and lessor shall execute such further writings as may reasonably required to separately document any such subordination or non-subordination, attornment and/or non-disturbance agreement as is provided for herein. 31. ATTORNEYS' FEES. If any Party or Broker brings an action or proceeding to enforce the terms hereof or declare rights hereunder, the Prevailing Party (as hereafter defined) in any such proceeding, action, or appeal thereon, shall be entitled to reasonable attorneys' fees. Such fees may be awarded in the same suit or recovered in a separate suit, whether or not such action or proceeding is pursued to decision or judgment. The term "PREVAILING PARTY" shall include, without limitation, a Party or Broker who substantially obtains or defeats the relief sought, as the case may be, whether by compromise, settlement, judgement, or the abandonment by the other Party or Broker of its claim or defense. The attorneys' fee award shall not be computed in accordance with any court fee schedule, but shall be such as to fully reimburse all attorneys' fees reasonably incurred. Lessor shall be enticed to attorneys' fees, costs and expenses incurred in preparation and service of notices of Default and consultations in connection therewith, whether or not a legal action is subsequently commenced in connection with such Default or resulting Breach. Broker(s) shall be intended third party beneficiaries of this Paragraph 31.

Appears in 1 contract

Sources: Lease Agreement (Mossimo Inc)

Self-Executing. The agreements contained in this Paragraph 30 shall be effective without the execution of any further documents; provided, however, that that, upon written request from Lessor or a Lender in connection with a salesate, financing or refinancing of the Premises, Lessee and lessor Lessor shall execute such further writings as may be reasonably required to separately document any such subordination or non-subordination, attornment and/or nonNon-disturbance agreement as is Disturbance Agreement provided for herein. 31. ATTORNEYSAttorneys' FEES. Fees, If any Party or Broker brings an action or proceeding involving the Premises to enforce the terms hereof or to declare rights hereunder, the Prevailing Party (as hereafter defined) in any such proceeding, action, or appeal thereon, shall be entitled to reasonable attorneys' feestees. Such fees may be awarded in the same suit or recovered in a separate suit, whether or not such action or proceeding is pursued to decision or judgment. The term term, "PREVAILING PARTYPrevailing Party" shall include, without limitation, a Party or Broker who substantially obtains or defeats the relief sought, as the case may be, whether by compromise, settlement, judgementjudgment, or the abandonment by the other Party or Broker of its claim or defense. The attorneys' fee fees award shall not be computed in accordance with any court fee schedule, but shall be such as to fully reimburse all attorneys' fees tees reasonably incurred. In addition, Lessor shall be enticed entitled to attorneys' attorneys fees, costs and expenses incurred in the preparation and service of notices of Default and consultations in connection therewith, whether or not a legal action is subsequently commenced in connection with such Default or resulting Breach. Broker(s) shall be intended third party beneficiaries of this Paragraph 31.

Appears in 1 contract

Sources: Standard Industrial/Commercial Single Tenant Lease (Laser Pacific Media Corporation)