Common use of Right of Occupancy Clause in Contracts

Right of Occupancy. Landlord agrees to furnish the Leased Premises described in paragraph 1, subject to the terms and conditions described herein; however, it shall be the responsibility of the Tenant to obtain the necessary occupancy permits required by Local, State and Federal Agencies and Tenant shall be solely responsible for any modifications or changes required to obtain such permits. In the event Tenant fails to perform any obligation under the terms of this Lease Agreement (including but not limited to cleaning in and around the Leased Premises and repairing damages to the Leased Premises) and Landlord elects to perform Tenant's obligation, then Landlord shall have the right to collect from the Tenant the actual costs incurred in performing such obligations together with the Landlord's costs of any of Landlord's employees time spent in connection therewith and 20% of all amounts described above to compensate Landlord for overhead and profit.

Appears in 3 contracts

Samples: Lease Agreement (Maple Leaf Aerospace Inc), Lease Agreement (Maple Leaf Aerospace Inc), Lease Agreement (Maple Leaf Aerospace Inc)

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Right of Occupancy. Landlord agrees to furnish the Leased Premises described in paragraph 1, subject to the terms and conditions described herein; however, it shall be the responsibility of the Tenant to obtain the necessary occupancy permits required by Local, State and Federal Agencies and Tenant shall be solely responsible for any modifications or changes required to obtain such permits. In the event Tenant fails to perform any obligation under the terms of this Lease Agreement (including but not limited to cleaning in and around the Leased Premises and repairing damages to the Leased Premises) and Landlord elects to perform Tenant's obligation, then Landlord shall have the right to collect from the Tenant the actual costs incurred in performing such obligations together with the Landlord's costs of any of Landlord's employees time spent in connection therewith and 20% of all amounts described above to compensate Landlord for overhead and profit. 25.

Appears in 1 contract

Samples: Lease Agreement (Maple Leaf Aerospace Inc)

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