Common use of Abandonment of Premises Clause in Contracts

Abandonment of Premises. Tenant understands and agrees that if it abandons the Leased Premises during the term of this tenancy, Tenant shall not be relieved of its duties and obligations under this Lease. Exercise of Tenant's rights under Section 30 (Compliance with Laws), Section 31 (Funding Cancellation) or Section 36 (Termination for Convenience) shall not constitute abandonment. Landlord, however, promises that if Tenant fails to exercise its right to perform under this Lease, Landlord shall in good faith use its best efforts to re-let the Leased Premises and set off against rents due from Tenant any rent collected from others for their use of the Leased Premises. Nothing in this clause shall prevent Landlord or Tenant from negotiating a termination of this Lease.

Appears in 4 contracts

Samples: Office Lease, Office Lease Agreement, Office Lease

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Abandonment of Premises. Tenant understands and agrees that if it abandons the Leased Premises during the term of this tenancy, Tenant shall not be relieved of its duties and obligations under this Lease. Exercise of Tenant's rights under Section 30 32 (Compliance with LawsConflict of Interest), Section 31 (Funding Cancellation) or Section 36 (Termination for Convenience) 31(Cancellation), shall not constitute abandonment. Landlord, however, promises that if Tenant fails to exercise its right to perform under this Lease, Landlord shall in good faith use its best efforts to re-let the Leased Premises and set off against rents due from Tenant any rent collected from others for their use of the Leased Premises. Nothing in this clause shall prevent Landlord or Tenant from negotiating a termination of this Lease.

Appears in 2 contracts

Samples: Office Lease, Office Lease

Abandonment of Premises. Tenant understands and agrees that if it abandons the Leased Premises during the term of this tenancy, Tenant shall not be relieved of its duties and obligations under this Lease. Exercise of Tenant's rights under Section 30 15 (Compliance with Laws), Section 31 21 (Employment Eligibility Verification), Section 22 (Force Majeure), and Section 23 (Funding Cancellation) or Section 36 (Termination for Convenience) shall not constitute abandonment. Landlord, however, promises that if Tenant fails to exercise its right to perform under this Lease, Landlord shall in good faith use its best efforts to re-let relet the Leased Premises premises and set off against rents due from Tenant any rent collected from others for their use of the Leased Premises. Nothing in this clause shall prevent Landlord or Tenant from negotiating a termination of this Lease.

Appears in 2 contracts

Samples: Warehouse Lease, Hangar Lease

Abandonment of Premises. Tenant understands and agrees that if it abandons the Leased Premises premises during the term of this tenancy, Tenant shall not be relieved of its duties and obligations under this Leasethe lease. Exercise of Tenant's ’s rights under Section 30 (Compliance with Laws)paragraph 19, Section 31 (Funding Cancellation) or Section 36 (Termination for Convenience) , shall not constitute abandonment. Landlord, however, promises that if Tenant fails to exercise its right to perform under this Leasethe lease, Landlord shall in good faith use its best efforts to re-let the Leased Premises premises and set off against rents due from Tenant any rent collected from others for their use of the Leased Premisespremises. Nothing in this clause shall prevent Landlord or Tenant from negotiating a termination of this Leaselease.

Appears in 1 contract

Samples: Office Lease (Cardinal Ethanol LLC)

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Abandonment of Premises. Tenant understands and agrees that if it abandons the Leased Premises during the term of this tenancy, Tenant shall not be relieved of its duties and obligations under this Lease. Exercise of Tenant's rights under Section 30 paragraph 16 (Compliance with LawsConflict of Interest), Section 31 or paragraph 17 (Funding Cancellation) or Section 36 (Termination for Convenience) ), shall not constitute abandonment. Landlord, however, promises that if Tenant fails to exercise its right to perform under this Lease, Landlord shall in good faith use its best efforts to re-let relet the Leased Premises premises and set off against rents due from Tenant any rent collected from others for their use of the Leased Premises. Nothing in this clause shall prevent Landlord or Tenant from negotiating a termination of this Lease.

Appears in 1 contract

Samples: Hangar Lease

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