Accelerated Rent. In the event of an occurrence of an Event of Default, the current month’s Rent plus the next ensuing six (6) month’s Rent shall immediately become due and payable and, as indicated above, the Landlord may, without prejudice to any other rights and recourses it may have, terminate this Lease and take immediate possession of the Premises and the Term of this Lease will forthwith become forfeited and determined and no payment or acceptance of rental subsequent to such termination will give the Tenant the right to continue occupancy of the Premises or in any way affect the rights of the Landlord herein.
Accelerated Rent. All monthly rent for the remainder of the Lease Term will be accelerated automatically without notice or demand (before or after acceleration) and will be immediately due and delinquent if, without XXXXXX’s written consent: (1) LESSEE moves out, removes property preparatory to moving-out, or gives oral or written notice of intent to move out before the Lease Term ends; and (2) LESSEE has not paid all the rent for the entire Lease Term. Such conduct is considered a breach of the lease contract. Remaining rent also will be accelerated if LESSEE is judicially evicted or moved-out on demand of the LESSOR due to XXXXXX’s default on his/her obligations.
Accelerated Rent. In any of the events referred to in Section 13.01, in addition to any and all other rights available to the Landlord, the full amount of the current month's installment of Basic Rent and of all Additional Rent for the current month, together with the next three (3) months' installments of Basic Rent and of all Additional Rent for the next three (3) months, all of which shall be deemed to be accruing due on a day-to-day basis, shall immediately become due and payable as accelerated rent, and the Landlord may immediately distrain for the same, together with any arrears then unpaid.
Accelerated Rent. In the event of any default or breach of this Lease by Tenant as set forth in Paragraph 15 hereof, the Rent reserved herein for the entire unexpired portion of the Term of this Lease shall, at Landlord's option, thereupon immediately become due and payable. Tenant shall be obligated for such accelerated Rent regardless of which, if any of the remedies provided in Paragraph 17 hereof or provided by law Landlord elects to pursue.
Accelerated Rent. If American repossesses the Demised Premises without terminating the Sublease, then Sublessee shall pay to American all rent and other indebtedness accrued to the date of such repossession, which is hereby accelerated at such time, plus rent and other sums required to be paid by Sublessee during the remainder of the Term, diminished by any net sums thereafter received by American through reletting the Demised Premises during said period (after deducting expenses incurred by American as provided below). Re-entry by American will not affect the obligations of Sublessee for the unexpired Term. Sublessee shall not be entitled to any excess of any rent obtained by reletting over the rent herein reserved. Actions to collect amounts due by Sublessee may be brought on one or more occasions, without the necessity of American's waiting until expiration of the Term.
Accelerated Rent. In the event of the expiration, termination, nonrenewal or nonextension of this Parking Lot Lease for any reason (other than solely as a result of a default by Landlord under this Parking Lot Lease) or if Tenant vacates the Building Premises for any reason (other than solely as a result of a default by Landlord under this Parking Lot Lease), in either case prior to the payment in full of the Parking Lot Loan, Tenant shall pay Landlord (or its designee) on the date of such event a sum equal to the total outstanding principal and accrued unpaid interest due on the Parking Lot Loan as of the date of such termination, expiration, nonextension or vacation (the “Accelerated Rent”), as additional rent, excluding any past due payments, penalties or interest charges attributable to Landlord’s failure to pay the Parking Lot Loan payments when due under the Parking Lot Loan documents (unless such failure is attributable to Tenant’s default under this Parking Lot Lease); provided, however, that Tenant shall receive a credit against such Accelerated Rent in an amount equal to the net condemnation proceeds received by Landlord (after deducting all costs and expenses incurred by Landlord in connection with such condemnation) in the case of termination of this Parking Lot Lease due to condemnation pursuant to Section 8 below.
Accelerated Rent. Tenant has agreed to enter into that certain Financing Indemnification Letter Agreement with Landlord dated on or about the date hereof in the form attached hereto as Exhibit E (the “Financing Indemnification Letter Agreement”) as a condition of this Amended and Restated Industrial Real Estate Lease. In the event Tenant fails to pay any amount due under the Financing Indemnification Letter Agreement (together with interest thereon at the Default Rate, the “Indemnity Obligation”), the rent reserved herein for the entire unexpired portion of the Term in the amount of the Indemnity Obligation shall, at Landlord’s option, thereupon immediately become due and payable. Tenant shall be obligated for such accelerated rent regardless of which, if any, of the remedies otherwise provided in this Lease or provided by law Landlord elects to pursue. The payment of any accelerated rent on account of the Indemnity Obligation shall not reduce the amount of rent due and payable under this Lease.
Accelerated Rent. Upon an Event of Default, in addition to all other rights and remedies available to Landlord, Landlord may accelerate all rent payments due hereunder and the same shall be due immediately. In the event that such Event of Default shall occur prior to the third anniversary of the date of this Lease Agreement, Landlord may only accelerate and demand those payments due hereunder through March I, 2001.
Accelerated Rent. In addition to the foregoing rights and remedies of the Landlord as set forth in Paragraphs 22 and 23 above, in the event of Tenant default terminating Tenant’s rights under the Lease, the landlord shall have the option to accelerate all current and future monetary obligations of the Tenant, including remaining installments of rent, and such other amounts due under the term of the Lease. Such accelerated unpaid rent and other amounts due under the terms of the Lease (gross rents) shall accrue interest at the highest rate allowed by law until paid in full. WITNESS for XXXX X. XXXXXX XXXX X. XXXXXX BY: Xxxxxx Xx Xxxx its Owner/CEO
Accelerated Rent. The first sentence of Paragraph 24 of the Original Lease is deleted and the following sentence is substituted in lieu thereof: In the event of any default or breach of this Lease by Tenant as set forth in Paragraph twenty-three (23) hereof, the amount, if any, by which (a) the rent reserved herein for the entire unexpired portion of the term of this Lease, exceeds (b) the fair rental value of the Premises for the entire unexpired portion of the term of this Lease (taking into account a reasonable period for reletting and tenant concessions on reletting such as tenant improvement allowances and rental abatements), shall, at Landlord's option, thereupon be accelerated and immediately become due and payable in an amount determined by discounting such excess at the rate of 5% per annum on a present value basis to the date of such default or breach.
