Common use of Lender’s Right to Perform Clause in Contracts

Lender’s Right to Perform. If Borrower or Manager fails to perform any covenant or obligation contained herein and such failure shall continue beyond any applicable grace period and thereafter continue for a period of five (5) Business Days after Borrower's or Manager's, as applicable, receipt of written notice thereof from Lender, without in any way limiting Sections 8.1 and 8.3 hereof, Lender may, but shall have no obligation to, itself perform, or cause performance of, such covenant or obligation, and the expenses of Lender incurred in connection therewith shall be payable by Borrower and Manager to Lender within ten (10) calendar days after written demand therefor. Notwithstanding the foregoing, Lender shall have no obligation to send notice to Borrower or Manager of any such failure.

Lender’s Right to Perform. If Borrower or Manager Operator ------------------------- fails to perform any covenant or obligation contained herein and such failure shall continue beyond any applicable grace period and thereafter continue for a period of five (5) Business Days after Borrower's or ManagerOperator's, as applicable, receipt of written notice thereof from Lenderthereof, without in any way limiting Sections 8.1 and 8.3 Section 7.1 ----------- hereof, from Lender, Lender may, but shall have no obligation to, itself perform, or cause performance of, such covenant or obligation, and the expenses of Lender incurred in connection therewith shall be payable by Borrower and Manager Operator to Lender within ten (10) calendar days after written demand therefor. Notwithstanding the foregoing, Lender shall have no obligation to send notice to Borrower or Manager Operator of any such failure.

Lender’s Right to Perform. If Borrower or Manager Operator fails to perform any covenant or obligation contained herein and such failure shall continue beyond any 110 applicable grace period and thereafter continue for a period of five (5) Business Days after Borrower's or ManagerOperator's, as applicable, receipt of written notice thereof from Lenderthereof, without in any way limiting Sections 8.1 and 8.3 Section 7.1 hereof, from Lender, Lender may, but shall have no obligation to, itself perform, or cause performance of, such covenant or obligation, and the expenses of Lender incurred in connection therewith shall be payable by Borrower and Manager Operator to Lender within ten (10) calendar days after written demand therefor. Notwithstanding the foregoing, Lender shall have no obligation to send notice to Borrower or Manager Operator of any such failure.

Lender’s Right to Perform. If Borrower or Manager Operator ------------------------- fails to perform any covenant or obligation contained herein and such failure shall continue beyond any applicable grace period and thereafter continue for a period of five (5) Business Days after Borrower's or ManagerOperator's, as applicable, receipt of written notice thereof from Lenderthereof, without in any way limiting Sections 8.1 and 8.3 Section 7.1 hereof, from Lender, Lender may, but shall have no obligation to, itself perform, or cause performance of, such covenant or obligation, and the expenses of Lender incurred in connection therewith shall be payable by Borrower and Manager Operator to Lender within ten (10) calendar days after written demand therefor. Notwithstanding the foregoing, Lender shall have no obligation to send notice to Borrower or Manager Operator of any such failure.