Common use of Right to Pay Clause in Contracts

Right to Pay. Landlord shall, at its option, have the right, without notice to Tenant at all times during the Term to pay any such Taxes not timely paid by Tenant, and the amounts so paid, including reasonable expenses, shall be so much Additional Rent due at the next rent day after any such payments with interest at the Default Rate from the date of payment thereof.

Appears in 7 contracts

Samples: www.sec.gov, Industrial Building Lease (Bway Corp), Industrial Building Lease (Bway Corp)

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Right to Pay. Landlord shall, at its option, have the right, without notice to Tenant Tenant, at all times during the Term to pay any such Taxes not timely paid by Tenant, and the amounts so paid, including reasonable expenses, shall be so much Additional Rent due at the next rent day after any such payments payments, with interest at the Default Lease Interest Rate from the date of payment thereof.

Appears in 3 contracts

Samples: Industrial Building Lease (Factory Card & Party Outlet Corp), Lease (Specialty Equipment Companies Inc), Eagle Test Systems, Inc.

Right to Pay. Landlord shall, at its option, have the right, without notice to Tenant Tenant, at all times during the Term to pay any such Taxes not timely paid by Tenant, and the amounts so paid, including reasonable expenses, shall be so much Additional Rent due at the next rent day after any such payments with interest at the Default Rate from the date of payment thereof.

Appears in 3 contracts

Samples: Industrial Building Lease (Phoenix Container, Inc.), Industrial Building Lease (Phoenix Container, Inc.), Industrial Building Lease (Bway Corp)

Right to Pay. Landlord shall, at its option, have the rightfight, without notice to Tenant Tenant, at all times during the Term to pay any such Taxes not timely paid by Tenant, and the amounts so paid, including reasonable expenses, shall be so much Additional Rent due at the next rent day after any such payments payments, with interest at the Default Lease Interest Rate from the date of payment thereof.

Appears in 1 contract

Samples: Factory Card Outlet Corp

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Right to Pay. Landlord shall, at its option, have the right, without notice to Tenant Tenant, at all times during the Term to pay any such Taxes not timely paid by Tenant, and, subject to any applicable notice and grace period, the amounts so paid, including reasonable expenses, shall be so much Additional Rent due at the next rent day after any such payments payments, with interest at the Default Lease Interest Rate from the date of payment thereof.

Appears in 1 contract

Samples: Agreement (Nanophase Technologies Corporation)

Right to Pay. Landlord shall, at its option, have the right, without notice to Tenant Tenant, at all times during the Term to pay any such Taxes not timely paid by Tenant, and the amounts so paid, including reasonable expenses, shall be so much Additional Rent due at the next rent day after any such payments with interest at the Default Rate from the date of payment thereof.,

Appears in 1 contract

Samples: Stericycle Inc

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