Common use of Anticipatory Repudiation Clause in Contracts

Anticipatory Repudiation. If, prior to the commencement of the term of this Lease, Tenant notifies Landlord of or otherwise unequivocally demonstrates as intention to repudiate this Lease, Landlord may, at its option, consider such anticipatory repudiation a breach of this Lease. In addition to any other remedies available to it hereunder or at law or in equity, Landlord may retain all rent paid upon execution of the Lease and the security deposit, if any, shall be applied to Landlord's damages: reletting, loss of rent, etc. It is agreed between the parties that for the purpose of calculating Landlord's damages, in a building which has other available space at the time of Tenant's breach, the premises covered by this Lease shall be deemed the last space rented, even though the premises may be rerented prior to such other vacant space. Tenant shall pay in full for all tenant improvements constructed or installed within the Demised Premises to the date of the breach, and for materials ordered at its request for the Demised Premises.

Anticipatory Repudiation. If, prior to the commencement of the term of this Lease, Tenant notifies Landlord of or otherwise unequivocally demonstrates as intention to repudiate this Lease, Landlord may, . at its option, consider such anticipatory repudiation a breach of this Lease. In addition to any other remedies available to it hereunder or at law or in equity, Landlord may retain all rent paid upon execution of the Lease and the security deposit, if any, shall be applied to Landlord's damages: reletting, loss of rent, etc. It is agreed between the parties that for the purpose of calculating Landlord's damages, in a building which has other available space at the time of Tenant's breach, the premises covered by this Lease shall be deemed the last space rented, even though the premises may be rerented prior to such other vacant space. Tenant shall pay in full for all tenant improvements constructed or installed within the Demised Premises to the date of the breach, and for materials ordered at its request for the Demised Premises.