Rights of Lessor. 1. For purposes of determining the Lessee's performance of its covenants under Article VI hereof, the Lessor shall have the right to inspect the Leased Premises from time to time as deemed reasonably necessary by the Lessor throughout the term of this Lease.
Rights of Lessor. In the event that Lessee fails to obtain any insurance required of it under the terms of this Lease, Lessor may, at its option, but is not obligated to, obtain such insurance on behalf of Lessee and xxxx Xxxxxx, as additional rent, for the cost thereof. Payment shall be due within ten (10) days of receipt of the billing therefor by Xxxxxx.
Rights of Lessor a. No right or remedy hereunder shall be exclusive of any other right or remedy, but shall be cumulative and in addition to any other right or remedy hereunder or provided by law, now or hereafter existing. Failure to insist upon the strict performance of any provision hereof or to exercise any option, right, power or remedy contained herein shall not constitute a waiver or relinquishment thereof for the future. Receipt by Lessor of any Basic Rent, Supplemental Rent, Additional Rent or other sum payable hereunder with knowledge of the breach or any provision hereof shall not constitute a waiver or such breach, and no waiver of any provision hereof shall be deemed to have been made unless made in writing. Lessor shall be entitled to injunctive relief in case of the violation, or attempted or threatened violation, of any of the provisions hereof, or to a decree compelling performance of any of the provisions hereof, or to any other remedy allowed to Lessor in equity or at law.
Rights of Lessor. It is mutually agreed should Lessee default in the payment of rent when due and fails to cure default within 10 days as provided in Article II hereof, or if Lessee shall be in default in performing any of the terms or provision of this lease other than the provision requiring the payment of rent and fails to cure each default within thirty (30) days after the date of receipt of written notice of default from Lessor, or if Lessee is adjudicated bankrupt, or if a permanent receiver is appointed for Lessee or Lessee’s property, or if, whether voluntarily of involuntarily, Lessee takes advantage of any debtor relief proceedings under any present or future law, whereby the rent or any part thereof is, or is proposed to be, reduced or payment thereof deferred, or if Lessee makes an assignment for benefit of creditors, or if Lessee’s property shall be levied upon or attached under process against such Lessee and not satisfied or dissolved within thirty (30) days after written notice from Lessor to such Lessee to obtain satisfaction thereof; then, and in any of said events, Lessor at its option may at once, or within six (6) months thereafter, but only during continuance of such default or condition, may reenter and take possession of the leased premises. After an authorized assignment or subletting of the entire premises covered by this lease, the occurring of any of the foregoing defaults or events shall. affect this lease only if caused by, or happening to, the assignee or sublessee. Any notice provided in this paragraph may be given by Lessor or its attorney. Upon such default, Xxxxxx will at once surrender possession of the premises to Lessor and remove all of the Lessee’s effects therefrom; and Lessor may forthwith reenter the premises and repossess itself thereof, and remove all persons and effects therefrom, using such force as may be necessary without being guilty of trespass, forcible entry or detainer or other tort.
Rights of Lessor. Upon Lease Event of Default, Liquidation Event of Default or Limited Liquidation Event of Default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Rights of Lessor. In the event of the vacation or abandonment of the Premises by Lessee or in the event that Lessor shall elect to re-enter as provided in Paragraph 23.3 above or shall take possession of the Premises pursuant to legal proceeding or pursuant to any notice provided by law, then if Lessor does not elect to terminate this Lease, as provided in Paragraph 23.2 above, the Lessor may from time to time, without terminating this Lease, either recover all rentals as it becomes due or relet the Premises or any part thereof for such term or terms and at such rental or rentals and upon such other terms and conditions as Lessor in its sole discretion may deem advisable with the right to make necessary and repairs to the Premises. In the event that Lessor shall elect to so relet, then rentals received by Lessor from such reletting shall be applied; first, to the payment of any indebtedness other than rent due hereunder from Lessee to Lessor; second, to the payment of any costs of such reletting; third, to the payment of the cost of any alterations and repairs to the Premises; fourth, to the payment of rent due and unpaid hereunder; and the residue, if any, shall be held by Lessor and applied in payment of future rent as the same may become due and payable hereunder. Should that portion of such rentals received from such reletting during any month, which is applied by the payment of rent hereunder, be less than the rent payable during that month by Lessee hereunder, then Lessee shall pay such deficiency to Lessor immediately upon demand therefor by Lessor. Such deficiency shall be calculated and paid monthly. Lessee shall also pay to Lessor, as soon as ascertained, any costs and expenses incurred by Lessor in such reletting or in making such alterations and repairs not covered by the rentals received from such reletting.
Rights of Lessor. Upon the occurrence of an Event of Default (as defined in the Lease) or if the Lease otherwise terminates and the Equipment (as defined in the Lease) is not conveyed back to Lessee or purchased by the Host, Lessor shall have the right to convey, sell, assign and transfer the PPA, the Site Lease and the Equipment to a third-party, or cause Host to assign the PPA and the Site Lease to Lessor (the “Lessor Step-In Right”), provided that such Lessor Step-In Right conforms with the requirements of the PPA, including the provisions set forth in Section 14.2 of the PPA. Upon the expiration of the Term (as defined in the Lease) or if the Lease otherwise terminates and the Equipment is not conveyed back to Lessee or purchased by the Host, the Lessor Step-In Right shall apply.
Rights of Lessor. Lessor shall have the right to construct or permit construction of tenant improvements in or about the Project for existing and new lessees and to alter any public areas in and around the Project. Notwithstanding anything in this Lease to the contrary, no such construction shall be deemed to constitute a breach of this Lease by Lessor and Lessee waives any such claims which it might have arising from any such construction.
Rights of Lessor. Upon the occurrence and during the continuance of a Default, Lessor shall have all the rights, powers and remedies conferred upon similar secured parties by any relevant law and/or conferred on Lessor by this Assignment, including the power to initiate and settle any insurance claim or any claim for Requisition Compensation and to direct the payor of such claim to pay Lessor directly. Lessee agrees that Lessor's statement in writing that a Default has occurred shall constitute conclusive evidence as between Lessor and the Insurance Broker and the insurers that a Default has in fact occurred and is continuing. All proceeds received by Lessor pursuant to this Assignment shall be held and applied pursuant to the Lease Agreement and thereafter applied against Lessee's Obligations as and when due. At such time as there shall not be continuing any Default, such proceeds shall be paid to Lessee to the extent not applied in accordance with the preceding sentence. In furtherance of Lessor's rights hereunder, Lessee shall deliver to Lessor on the Delivery Date an irrevocable power of attorney in the form of Annex B hereto, which power of attorney Lessor shall not use except after the occurrence and during the continuance of an Event of Default.
Rights of Lessor. THE TITLE TO THE LEASED PROPERTY IS AND SHALL AT ALL TIMES REMAIN IN THE LESSOR, AND LESSEE SHALL OWN NO INTEREST IN THE LEASED PROPERTY, OR ANY PART THEREOF, EXCEPT HIS INTEREST THEREIN AS LESSEE UNDER THIS AGREEMENT. THE LESSEE SHALL NOT SUFFER OR COMMIT ANY WASTE OR DAMAGE OF OR TO THE LEASED PROPERTY. SHOULD LESSEE CAUSE THIS LEASED PROPERTY TO BE DAMAGED OR DESTROYED, LESSEE AGREES TO REPAIR SAID DAMAGE OR REPLACE THE LEASED PROPERTY. IF THE LESSEE FAILS TO DO SO WITHIN 15 DAYS OF DAMAGE OR DESRTUCTION, LESSOR SHALL MAKE REPAIRS OR REPLACE PROPERTY AND XXXX LESSEE FOR ALL COST AND EXPENSES INCURRED BY LESSOR. THE LESSOR’SAGENTS MAY, AT ANY TIME, ENTER THE PREMISES IN ORDER TO SUBSTITUTE THE LEASED PROPERTY, INSPECT THE LEASED PROPERTY AND THE MANNER OF ITS USE, AND REPOSSESS THE LEASED PROPERTY UPON EXPIRATION OR TERMINATION OF THIS AGREEMENT.
