Basic Remedies. At any time after an Event of Default and after BNPLC has given any notice required by subparagraph 18.(b), BNPLC shall be entitled at BNPLC's option (and without limiting BNPLC in the exercise of any other right or remedy BNPLC may have, and without any further demand or notice except as expressly described in this subparagraph 18.(a)), to exercise any one or more of the following remedies: (i) By notice to NAI, BNPLC may terminate NAI's right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAI's right to possession if NAI fails to cure the default within the time specified in the notice. (ii) Upon termination of NAI's right to possession and without further demand or notice, BNPLC may re-enter the Property in any manner not prohibited by Applicable Law and take possession of all improvements, additions, alterations, equipment and fixtures thereon and remove any persons in possession thereof. Any property in the Improvements may be removed and stored in a warehouse or elsewhere at the expense and risk of and for the account of NAI. (iii) Upon termination of NAI's right to possession, this Improvements Lease shall terminate and BNPLC may recover from NAI: a) The worth at the time of award of the unpaid Rent which had been earned at the time of termination; b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI proves could have been reasonably avoided; c) The worth at the time of award of the amount by which the unpaid Rent for the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI proves could be reasonably avoided; and d) Any other amount necessary to compensate BNPLC for all the detriment proximately caused by NAI's failure to perform NAI's obligations under this Improvements Lease or which in the ordinary course of things would be likely to result therefrom, including the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC as a result of NAI's failure to perform NAI's obligations under the other Operative Documents. The "WORTH AT THE TIME OF AWARD" of the amounts referred to in subparagraph 18.(a)(iii)a) and subparagraph 18.(a)(iii)b) shall be computed by allowing interest at the Default Rate. The "WORTH AT THE TIME OF AWARD" of the amount referred to in subparagraph 18.(a)(iii)c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%). e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law. (iv) BNPLC shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in force even after lessee's breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI has breached this Improvements Lease and abandoned the Property, this Improvements Lease shall continue in effect for so long as BNPLC does not terminate NAI's right to possession, and BNPLC may enforce all of BNPLC's rights and remedies under this Improvements Lease, including the right to recover the Rent as it becomes due under this Improvements Lease. NAI's right to possession shall not be deemed to have been terminated by BNPLC except pursuant to subparagraph 18.(a)(i) hereof. The following shall not constitute a termination of NAI's right to possession: a) Acts of maintenance or preservation or efforts to relet the Property; b) The appointment of a receiver upon the initiative of BNPLC to protect BNPLC's interest under this Improvements Lease; or c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAI.
Appears in 3 contracts
Samples: Lease Agreement (Network Appliance Inc), Lease Agreement (Network Appliance Inc), Lease Agreement (Network Appliance Inc)
Basic Remedies. At any time after an Event of Default and after BNPLC has given any notice required by subparagraph 18.(b), BNPLC shall be entitled at BNPLC's option (and without limiting BNPLC in the exercise of any other right or remedy BNPLC may have, and without any further demand or notice except as expressly described in this subparagraph 18.(a)), to exercise any one or more of the following remedies:
(i) By notice to NAI, BNPLC may terminate NAI's right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAI's right to possession if NAI fails to cure the default within the time specified in the notice.
(ii) Upon termination of NAI's right to possession and without further demand or notice, BNPLC may re-enter the Property in any manner not prohibited by Applicable Law and take possession of all improvements, additions, alterations, equipment and fixtures thereon and remove any persons in possession thereof. Any property in on the Improvements Land may be removed and stored in a warehouse or elsewhere at the expense and risk of and for the account of NAI.
(iii) Upon termination of NAI's right to possession, this Improvements Land Lease shall terminate and BNPLC may recover from NAI:
a) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI proves could have been reasonably avoided;
c) The worth at the time of award of the amount by which the unpaid Rent for the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI proves could be reasonably avoided; and
d) Any other amount necessary to compensate BNPLC for all the detriment proximately caused by NAI's failure to perform NAI's obligations under this Improvements Land Lease or which in the ordinary course of things would be likely to result therefrom, including the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC as a result of NAI's failure to perform NAI's obligations under the other Operative Documents. The "WORTH AT THE TIME OF AWARD" of the amounts referred to in subparagraph 18.(a)(iii)a) and subparagraph 18.(a)(iii)b) shall be computed by allowing interest at the Default Rate. The "WORTH AT THE TIME OF AWARD" of the amount referred to in subparagraph 18.(a)(iii)c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law.
(iv) BNPLC shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in force even after lessee's breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI has breached this Improvements Land Lease and abandoned the Property, this Improvements Land Lease shall continue in effect for so long as BNPLC does not terminate NAI's right to possession, and BNPLC may enforce all of BNPLC's rights and remedies under this Improvements Land Lease, including the right to recover the Rent as it becomes due under this Improvements Land Lease. NAI's right to possession shall not be deemed to have been terminated by BNPLC except pursuant to subparagraph 18.(a)(i) hereof. The following shall not constitute a termination of NAI's right to possession:
a) Acts of maintenance or preservation or efforts to relet the Property;
b) The appointment of a receiver upon the initiative of BNPLC to protect BNPLC's interest under this Improvements Land Lease; or
c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAI.
Appears in 2 contracts
Samples: Lease Agreement (Network Appliance Inc), Lease Agreement (Network Appliance Inc)
Basic Remedies. At any time after an Event of Default and after -------------- BNPLC has given any notice required by subparagraph 18.(b), BNPLC shall be entitled at BNPLC's option (and without limiting BNPLC in the exercise of any other right or remedy BNPLC may have, and without any further demand or notice except as expressly described in this subparagraph 18.(a)), to exercise any one or more of the following remedies:
(i) By notice to NAIZhone, BNPLC may terminate NAIZhone's right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAIZhone's right to possession if NAI Zhone fails to cure the default within the time specified in the notice.
(ii) Upon termination of NAIZhone's right to possession and without further demand or notice, BNPLC may re-enter the Property in any manner not prohibited by Applicable Law and take possession of all improvements, additions, alterations, equipment and fixtures thereon on the Building 3 Site and remove any persons in possession thereof. Any property in the Improvements on the Building 3 Site may be removed and stored in a warehouse or elsewhere at the expense and risk of and for the account of NAIZhone.
(iii) Upon termination of NAIZhone's right to possession, this Improvements Building 3 Lease shall terminate and BNPLC may recover from NAI:Zhone: [Improvements - Building 3]
a) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI Zhone proves could have been reasonably avoided;
c) The worth at the time of award of the amount by which the unpaid Rent for the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI Zhone proves could be reasonably avoided; and
d) Any other amount necessary to compensate BNPLC for all the detriment proximately caused by NAIZhone's failure to perform NAIZhone's obligations under this Improvements Building 3 Lease or which in the ordinary course of things would be likely to result therefrom, including the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC as a result of NAIZhone's failure to perform NAIZhone's obligations under the other Building 3 Operative Documents. The "WORTH AT THE TIME OF AWARDworth at the time of award" of the amounts referred to in subparagraph 18.(a)(iii)a) and subparagraph 18.(a)(iii)b) shall be computed by allowing interest at the Default Rate. The "WORTH AT THE TIME OF AWARDworth at the time of award" of the amount referred to in subparagraph 18.(a)(iii)c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law.
(iv) BNPLC shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in force even after lessee's breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI Zhone has breached this Improvements Building 3 Lease and abandoned the Property, this Improvements Building 3 Lease shall continue in effect for so long as BNPLC does not terminate NAIZhone's right to possession, and BNPLC may enforce all of BNPLC's rights and remedies under this Improvements Building 3 Lease, including the right to recover the Rent as it becomes due under this Improvements Building 3 Lease. NAIZhone's right to possession shall not be deemed to have been terminated by BNPLC except pursuant to subparagraph 18.(a)(i) hereof. The following shall not constitute a termination of NAIZhone's right to possession:
a) Acts of maintenance or preservation or efforts to relet the Property;
b) The appointment of a receiver upon the initiative of BNPLC to protect BNPLC's interest under this Improvements Building 3 Lease; or
c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAI.Zhone. [Improvements - Building 3]
Appears in 1 contract
Basic Remedies. At any time after an Event of Default and after -------------- BNPLC has given any notice required by subparagraph 18.(b), BNPLC shall be entitled at BNPLC's option (and without limiting BNPLC in the exercise of any other right or remedy BNPLC may have, and without any further demand or notice except as expressly described in this subparagraph 18.(a)), to exercise any one or more of the following remedies:
(i) By notice to NAIZhone, BNPLC may terminate NAIZhone's right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAIZhone's right to possession if NAI Zhone fails to cure the default within the time specified in the notice.
(ii) Upon termination of NAIZhone's right to possession and without further demand or notice, BNPLC may re-enter the Property in any manner not prohibited by Applicable Law and take possession of all improvements, additions, alterations, equipment and fixtures thereon on the Buildings 1&2 Site and remove any persons in possession thereof. Any property in the Improvements on the Buildings 1&2 Site may be removed and stored in a warehouse or elsewhere at the expense and risk of and for the account of NAIZhone.
(iii) Upon termination of NAIZhone's right to possession, this Improvements Buildings 1&2 Lease shall terminate and BNPLC may recover from NAIZhone:
a) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI Zhone proves could have been reasonably avoided;
c) The worth at the time of award of the amount by which the unpaid Rent for the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI Zhone proves could be reasonably avoided; and
d) Any other amount necessary to compensate BNPLC for all the detriment proximately caused by NAIZhone's failure to perform NAIZhone's obligations under this Improvements Buildings 1&2 Lease or which in the ordinary course of things would be likely to result therefrom, including the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC as a result of NAIZhone's failure to perform NAIZhone's obligations under the other Operative Documents. The "WORTH AT THE TIME OF AWARD" of the amounts referred to in subparagraph 18.(a)(iii)a) and subparagraph 18.(a)(iii)b) shall be computed by allowing interest at the Default Rate. The "WORTH AT THE TIME OF AWARD" of the amount referred to in subparagraph 18.(a)(iii)c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law.
(iv) BNPLC shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in force even after lessee's breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI has breached this Improvements Lease and abandoned the Property, this Improvements Lease shall continue in effect for so long as BNPLC does not terminate NAI's right to possession, and BNPLC may enforce all of BNPLC's rights and remedies under this Improvements Lease, including the right to recover the Rent as it becomes due under this Improvements Lease. NAI's right to possession shall not be deemed to have been terminated by BNPLC except pursuant to subparagraph 18.(a)(i) hereof. The following shall not constitute a termination of NAI's right to possession:
a) Acts of maintenance or preservation or efforts to relet the Property;
b) The appointment of a receiver upon the initiative of BNPLC to protect BNPLC's interest under this Improvements Lease; or
c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAI.Buildings 1&2
Appears in 1 contract
Basic Remedies. At any time after an Event of Default and after BNPLC BNPPLC has given any notice required by subparagraph 18.(b14.(B), BNPLC BNPPLC shall be entitled at BNPLCBNPPLC's option (and without limiting BNPLC BNPPLC in the exercise of any other right or remedy BNPLC BNPPLC may have, and without any further demand or notice except as expressly described in this subparagraph 18.(a14.(A)), to exercise any one or more of the following remedies:
(i1) By notice to NAISpecialty Laboratories, BNPLC BNPPLC may terminate NAI's Specialty Laboratories' right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAI's Specialty Laboratories' right to possession if NAI Specialty Laboratories fails to cure the default within the time specified in the notice.
(ii2) Upon termination of NAI's Specialty Laboratories' right to possession and without further demand or notice, BNPLC BNPPLC may re-enter the Property in any manner not prohibited by Applicable Law and take possession of all improvements, additions, alterations, equipment and fixtures thereon and remove any persons in possession thereof. Any property in the Improvements Property may be removed and stored in a warehouse or elsewhere elsewhere. The cost of any such removal and storage shall be at the expense and risk of and for the account of NAISpecialty Laboratories.
(iii3) Upon termination of NAI's Specialty Laboratories' right to possession, this Improvements Lease shall terminate and BNPLC BNPPLC may recover from NAISpecialty Laboratories:
(a) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
(b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI Specialty Laboratories proves could have been reasonably avoided;
(c) The worth at the time of award of the amount by which the unpaid Rent for the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI Specialty Laboratories proves could be reasonably avoided; and
(d) Any other amount necessary to compensate BNPLC BNPPLC for all the detriment proximately caused by NAI's Specialty Laboratories' failure to perform NAI's Specialty Laboratories' obligations under this Improvements Lease or which in the ordinary course of things would be likely to result therefrom, including the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC BNPPLC as a result of NAI's Specialty Laboratories' failure to perform NAI's Specialty Laboratories' obligations under the other Operative Documents.
(e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law. The "WORTH AT THE TIME OF AWARDworth at the time of award" of the amounts referred to in subparagraph 18.(a)(iii)a14.(A)(3)(a) and subparagraph 18.(a)(iii)b14.(A)(3)(b) shall be computed by allowing interest at the Default Rate. The "WORTH AT THE TIME OF AWARDworth at the time of award" of the amount referred to in subparagraph 18.(a)(iii)c14.(A)(3)(c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e(4) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law.
(iv) BNPLC shall have the remedy described in California Civil Code Section 1951.4 (lessor BNPPLC may continue lease this Lease in force even after lessee's Specialty Laboratories' breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI Specialty Laboratories has breached this Improvements Lease and abandoned the Property, this Improvements Lease shall continue in effect for so long as BNPLC BNPPLC does not terminate NAI's Specialty Laboratories' right to possession, and BNPLC BNPPLC may enforce all of BNPLCBNPPLC's rights and remedies under this Improvements Lease, including the right to recover the Rent as it becomes due under this Improvements Lease. NAI's Specialty Laboratories' right to possession shall not be deemed to have been terminated by BNPLC BNPPLC except pursuant to subparagraph 18.(a)(i14.(A)(1) hereof. The following shall not constitute a termination of NAI's Specialty Laboratories' right to possession:
(a) Acts of maintenance or preservation or efforts to relet the Property;
(b) The appointment of a receiver upon the initiative of BNPLC BNPPLC to protect BNPLCBNPPLC's interest under this Improvements Lease; or
(c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAISpecialty Laboratories.
Appears in 1 contract
Basic Remedies. At any time after an Event of Default and after BNPLC has given any notice required by subparagraph 18.(b18(b), BNPLC shall be entitled at BNPLC's option (and without limiting BNPLC in the exercise of any other right or remedy BNPLC may have, and without any further demand or notice except as expressly described in this subparagraph 18.(a18(a)), to exercise any one or more of the following remedies:
(i) By notice to NAI, BNPLC may terminate NAI's right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAI's right to possession if NAI fails to cure the default within the time specified in the notice.
(ii) Upon termination of NAI's right to possession and without further demand or notice, BNPLC may re-enter the Property in any manner not prohibited by Applicable Law and take possession of all improvements, additions, alterations, equipment and fixtures thereon and remove any persons in possession thereof. Any property in the Improvements may be removed and stored in a warehouse or elsewhere at the expense and risk of and for the account of NAI.
(iii) Upon termination of NAI's right to possession, this Improvements Lease shall terminate and BNPLC may recover from NAI:
a) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI proves could have been reasonably avoided;
c) The worth at the time of award of the amount by which the unpaid Rent for the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI proves could be reasonably avoided; and
d) Any other amount necessary to compensate BNPLC for all the detriment proximately caused by NAI's failure to perform NAI's obligations under this Improvements Lease or which in the ordinary course of things would be likely to result therefrom, including the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC as a result of NAI's failure to perform NAI's obligations under the other Operative Documents. The "WORTH AT THE TIME OF AWARD" of the amounts referred to in subparagraph 18.(a)(iii)a18(a)(iii)a) and subparagraph 18.(a)(iii)b18(a)(iii)b) shall be computed by allowing interest at the Default Rate. The "WORTH AT THE TIME OF AWARD" of the amount referred to in subparagraph 18.(a)(iii)c18(a)(iii)c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law.
(iv) BNPLC shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in force even after lessee's breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI has breached this Improvements Lease and abandoned the Property, this Improvements Lease shall continue in effect for so long as BNPLC does not terminate NAI's right to possession, and BNPLC may enforce all of BNPLC's rights and remedies under this Improvements Lease, including the right to recover the Rent as it becomes due under this Improvements Lease. NAI's right to possession shall not be deemed to have been terminated by BNPLC except pursuant to subparagraph 18.(a)(i18(a)(i) hereof. The following shall not constitute a termination of NAI's right to possession:
a) Acts of maintenance or preservation or efforts to relet the Property;
b) The appointment of a receiver upon the initiative of BNPLC to protect BNPLC's interest under this Improvements Lease; or
c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAI.
Appears in 1 contract
Basic Remedies. At any time when an Event of Default has occurred and is continuing, BNPLC may notify Electroglas that, after the expiration of sixty days following the date of such notice, BNPLC may exercise remedies provided in this subparagraph 0. At any time after an sixty days following the date of any such notice to Electroglas, and regardless of whether any Event of Default and continues throughout or after BNPLC has given any notice required by subparagraph 18.(b)such sixty days, BNPLC shall be entitled at BNPLC's option (and without limiting BNPLC in the exercise of any other right or remedy BNPLC may have, and without any further demand or notice except as expressly described in this subparagraph 18.(a))0, to exercise any one or more of the following remedies:
(i) By notice to NAIElectroglas, BNPLC may terminate NAI's Electroglas' right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAI's Electroglas' right to possession if NAI Electroglas fails to cure the default within the time specified in the notice.
(ii) Upon termination of NAI's Electroglas' right to possession and without further demand or notice, BNPLC may re-enter the Property in any manner not prohibited by Applicable Law and take possession of all improvements, additions, alterations, equipment and fixtures thereon and remove any persons in possession thereof. Any property in the Improvements Property may be removed and stored in a warehouse or elsewhere at the expense and risk of and for the account of NAIElectroglas.
(iii) Upon termination of NAI's Electroglas' right to possession, this Improvements Lease shall terminate and BNPLC may recover from NAIElectroglas an award equal to the sum of:
a) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI Electroglas proves could have been reasonably avoided;
c) The worth at the time of award of the amount by which the unpaid Rent for the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI Electroglas proves could be reasonably avoided; and
d) Any other amount necessary to compensate BNPLC for all the detriment proximately caused by NAI's Electroglas' failure to perform NAI's Electroglas' obligations under this Improvements Lease or which in the ordinary course of things would be likely to result therefrom, including, but not limited to, the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC as a result of Electroglas' failure to perform Electroglas' obligations under the Purchase Agreement. The "WORTH AT THE TIME OF AWARD" of the amounts referred to in subparagraph 0 and subparagraph 0 shall be computed by allowing interest at ten percent (10%) per annum or such other rate as may be the maximum interest rate then permitted to be charged under California law at the time of computation. The "WORTH AT THE TIME OF AWARD" of the amount referred to in subparagraph 0 shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law, including to the extent so permitted, any other amounts necessary to compensate BNPLC for all the detriment proximately caused by Electroglas' failure to perform Electroglas' obligations under this Lease or which in the ordinary course of things would be likely to result therefrom, including the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC as a result of NAI's failure to perform NAI's obligations under the other Operative Documents. The "WORTH AT THE TIME OF AWARD" of the amounts referred to in subparagraph 18.(a)(iii)a) and subparagraph 18.(a)(iii)b) shall be computed by allowing interest at the Default Rate. The "WORTH AT THE TIME OF AWARD" of the amount referred to in subparagraph 18.(a)(iii)c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law.
(iv) BNPLC shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in force even after lessee's breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI though Electroglas has breached this Improvements Lease and abandoned the Property, this Improvements Lease shall continue in effect for so long as BNPLC does not terminate NAI's Electroglas' right to possession, and BNPLC may enforce all of BNPLC's rights and remedies under this Improvements Lease, including the right to recover the Rent as it becomes due under this Improvements Lease. NAI's Electroglas' right to possession shall not be deemed to have been terminated by BNPLC except pursuant to subparagraph 18.(a)(i) 0 hereof. The following shall not constitute a termination of NAI's Electroglas' right to possession:
a) Acts of maintenance or preservation or efforts to relet the Property;
b) The appointment of a receiver upon the initiative of BNPLC to protect BNPLC's interest under this Improvements Lease; or
c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAIElectroglas.
Appears in 1 contract
Samples: Lease Agreement (Electroglas Inc)
Basic Remedies. At any time after an Event of Default and after BNPLC has given any notice required by subparagraph 18.(b18(b), BNPLC shall be entitled at BNPLC's option (and without limiting BNPLC in the exercise of any other right or remedy BNPLC may have, and without any further demand or notice except as expressly described in this subparagraph 18.(a18(a)), to exercise any one or more of the following remedies:
(i) By notice to NAI, BNPLC may terminate NAI's right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAI's right to possession if NAI fails to cure the default within the time specified in the notice.
(ii) Upon termination of NAIXXX's right to possession and without further demand or notice, BNPLC may re-enter the Property in any manner not prohibited by Applicable Law and take possession of all improvements, additions, alterations, equipment and fixtures thereon and remove any persons in possession thereof. Any property in on the Improvements Land may be removed and stored in a warehouse or elsewhere at the expense and risk of and for the account of NAI.
(iii) Upon termination of NAI's right to possession, this Improvements Land Lease shall terminate and BNPLC may recover from NAI:
a) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI proves could have been reasonably avoided;
c) The worth at the time of award of the amount by which the unpaid Rent for the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI proves could be reasonably avoided; and
d) Any other amount necessary to compensate BNPLC for all the detriment proximately caused by NAIXXX's failure to perform NAI's obligations under this Improvements Land Lease or which in the ordinary course of things would be likely to result therefrom, including the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC as a result of NAIXXX's failure to perform NAI's obligations under the other Operative Documents. The "WORTH AT THE TIME OF AWARD" of the amounts referred to in subparagraph 18.(a)(iii)a) 18(a)(iii)a and subparagraph 18.(a)(iii)b18(a)(iii)b) shall be computed by allowing interest at the Default Rate. The "WORTH AT THE TIME OF AWARD" of the amount referred to in subparagraph 18.(a)(iii)c18(a)(iii)c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law.
(iv) BNPLC shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in force even after lesseexxxxxx's breach and abandonment and recover rent as it becomes due, if lessee xxxxxx has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI has breached this Improvements Land Lease and abandoned the Property, this Improvements Land Lease shall continue in effect for so long as BNPLC does not terminate NAI's right to possession, and BNPLC may enforce all of BNPLC's rights and remedies under this Improvements Land Lease, including the right to recover the Rent as it becomes due under this Improvements Land Lease. NAI's right to possession shall not be deemed to have been terminated by BNPLC except pursuant to subparagraph 18.(a)(i18(a)(i) hereof. The following shall not constitute a termination of NAI's right to possession:
a) Acts of maintenance or preservation or efforts to relet the Property;
b) The appointment of a receiver upon the initiative of BNPLC to protect BNPLC's interest under this Improvements Land Lease; or
c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAIXXX.
Appears in 1 contract
Samples: Annual Report
Basic Remedies. At any time after when an Event of Default has occurred and is continuing, BNPLC may notify Solectron that BNPLC intends after the expiration of sixty days to exercise remedies provided in this subparagraph 18.
(a). At any time more than sixty days after BNPLC has given such a notice to Solectron, and regardless of whether any notice required by subparagraph 18.(b)Event of Default continues throughout or after such sixty days, BNPLC shall be entitled at BNPLC's option (and without limiting BNPLC in the exercise of any other right or remedy BNPLC may have, and without any further demand or notice except as expressly described in this subparagraph 18.(a)), 18.
(a) to exercise any one or more of the following remedies:
(i) By notice to NAISolectron, BNPLC may terminate NAISolectron's right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAISolectron's right to possession if NAI Solectron fails to cure the default within the time specified in the notice.
(ii) Upon termination of NAISolectron's right to possession and without further demand or notice, BNPLC may re-enter the Property in any manner not prohibited by Applicable Law and take possession of all improvements, additions, alterations, equipment and fixtures thereon and remove any persons in possession thereof. Any property on the Land or in the Improvements may be removed and stored in a warehouse or elsewhere at the expense and risk of and for the account of NAISolectron.
(iii) Upon termination of NAISolectron's right to possession, this Improvements Lease shall terminate and BNPLC may recover from NAISolectron:
a) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI Solectron proves could have been reasonably avoided;
c) The worth at the time of award of the amount by which the unpaid Rent for the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI Solectron proves could be reasonably avoided; and
d) Any other amount necessary to compensate BNPLC for all the detriment proximately caused by NAISolectron's failure to perform NAISolectron's obligations under this Improvements Lease or which in the ordinary course of things would be likely to result therefrom, including including, but not limited to, the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC as a result of NAISolectron's failure to perform NAISolectron's obligations under the other Operative DocumentsPurchase Agreement. The "WORTH AT THE TIME OF AWARD" of the amounts referred to in subparagraph 18.(a)(iii)a) and subparagraph 18.(a)(iii)b) shall be computed by allowing interest at ten percent (10%) per annum or such other rate as may be the Default Ratemaximum interest rate then permitted to be charged under Washington law at the time of computation. The "WORTH AT THE TIME OF AWARD" of the amount referred to in subparagraph 18.(a)(iii)c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California Washington law.
(iv) BNPLC shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in force even after lessee's breach and abandonment and recover rent as it becomes due, Even if lessee has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI has breached Solectron breaches this Improvements Lease and abandoned abandons the Property, this Improvements Lease shall continue in effect for so long as BNPLC does not terminate NAISolectron's right to possession, and BNPLC may enforce all of BNPLC's rights and remedies under this Improvements Lease, including the right to recover the Rent as it becomes due under this Improvements Lease. NAISolectron's right to possession shall not be deemed to have been terminated by BNPLC except pursuant to subparagraph 18.(a)(i) hereof. The following shall not constitute a termination of NAISolectron's right to possession:
a) Acts of maintenance or preservation or efforts to relet the Property;
b) The appointment of a receiver upon the initiative of BNPLC to protect BNPLC's interest under this Improvements Lease; or
c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAISolectron.
Appears in 1 contract
Samples: Lease Agreement (Solectron Corp)
Basic Remedies. At any time after an Event of Default and after BNPLC has given any notice required by subparagraph 18.(b), BNPLC shall be entitled at BNPLC's option (and without limiting BNPLC in the exercise of any other right or remedy BNPLC may have, and without any further demand or notice except as expressly described in this subparagraph 18.(a)), to exercise any one or more of the following remedies:
(i) By notice to NAI, BNPLC may terminate NAI's right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAI's right to possession if NAI fails to cure the default within the time specified in the notice.
(ii) Upon termination of NAI's right to possession and without further demand or notice, BNPLC may re-enter the Property in any manner not prohibited by Applicable Law and take possession of all improvements, additions, alterations, equipment and fixtures thereon and remove any persons in possession thereof. Any property on the Land or in the Improvements may be removed and stored in a warehouse or elsewhere at the expense and risk of and for the account of NAI.
(iii) Upon termination of NAI's right to possession, this Improvements Lease shall terminate and BNPLC may recover from NAI:
a) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI proves could have been reasonably avoided;
c) The worth at the time of award of the amount by which the unpaid Rent for the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI proves could be reasonably avoided; and
d) Any other amount necessary to compensate BNPLC for all the detriment proximately caused by NAI's failure to perform NAI's obligations under this Improvements Lease or which in the ordinary course of things would be likely to result therefrom, including the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC as a result of NAI's failure to perform NAI's obligations under the other Operative Documents. The "WORTH AT THE TIME OF AWARD" of the amounts referred to in subparagraph 18.(a)(iii)a) and 37 subparagraph 18.(a)(iii)b) shall be computed by allowing interest at the Default Rate. The "WORTH AT THE TIME OF AWARD" of the amount referred to in subparagraph 18.(a)(iii)c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law.
(iv) BNPLC shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in force even after lessee's breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI has breached this Improvements Lease and abandoned the Property, this Improvements Lease shall continue in effect for so long as BNPLC does not terminate NAI's right to possession, and BNPLC may enforce all of BNPLC's rights and remedies under this Improvements Lease, including the right to recover the Rent as it becomes due under this Improvements Lease. NAI's right to possession shall not be deemed to have been terminated by BNPLC except pursuant to subparagraph 18.(a)(i) hereof. The following shall not constitute a termination of NAI's right to possession:
a) Acts of maintenance or preservation or efforts to relet the Property;
b) The appointment of a receiver upon the initiative of BNPLC to protect BNPLC's interest under this Improvements Lease; or
c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAI.
Appears in 1 contract
Basic Remedies. At any time after an If a Lease Event of Default shall have occurred and after BNPLC has given any notice required by subparagraph 18.(b)be continuing, BNPLC Lessor shall be entitled at BNPLCLessor's option (and without limiting BNPLC Lessor in the exercise of any other right or remedy BNPLC Lessor may have, and without any further demand or notice except as expressly described in this subparagraph 18.(aSubsection 17.3(e)), to exercise any one or more of the following remedies:
(i) By notice to NAILessee, BNPLC Lessor may terminate NAILessee's right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAILessee's right to possession if NAI Lessee fails to cure the default within the time specified in the notice.
(ii) Upon termination of NAILessee's right to possession and without further demand or notice, BNPLC Lessor may re-enter the Property in any manner not prohibited by Applicable Law any applicable Legal Requirements and take possession of all improvements, additions, alterations, equipment and fixtures thereon and remove any persons in possession thereof. Any property on the Land or in the Improvements may be removed and stored in a warehouse or elsewhere at the expense and risk of and for the account of NAILessee.
(iii) Upon termination of NAILessee's right to possession, this Improvements Lease shall terminate and BNPLC Lessor may recover from NAILessee:
a(A) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
b(B) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI Lessee proves could have been reasonably avoided;
c(C) The worth at the time of award of the amount by which the unpaid Rent for the period from the time of award through the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI Lessee proves could be reasonably avoided; and
d(D) Any other amount necessary to compensate BNPLC Lessor for all the detriment proximately caused by NAILessee's failure to perform NAILessee's obligations under this Improvements Lease or which in the ordinary course of things would be likely to result therefrom, including including, but not limited to, the costs and expenses (including Attorneysattorneys' Feesfees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC Lessor as a result of NAILessee's failure to perform NAILessee's obligations under the other Operative Documents. The "WORTH AT THE TIME OF AWARD" of the amounts referred to in subparagraph 18.(a)(iii)a) and subparagraph 18.(a)(iii)b) shall be computed by allowing interest at the Default Rate. The "WORTH AT THE TIME OF AWARD" of the amount referred to in subparagraph 18.(a)(iii)c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e(E) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law. The "worth at the time of award" of the amounts referred to in Subsection 17.3(d)(iii)(A) and Subsection 17.3(d)(iii)(B) shall be computed by allowing interest at the Overdue Rate. The "worth at the time of award" of the amount referred to in Subsection 17.3(d)(iii)(C) shall be computed by discounting such amount at the discount rate of [the Federal Reserve Bank of San Francisco] at the time of award plus one percent (1%).
(iv) BNPLC If Lessor shall have received the remedy described amounts so specified in California Civil Code Section 1951.4 (lessor may continue lease in force even after lessee's breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI has breached this Improvements Lease and abandoned 17.2 through the Property, this Improvements Lease shall continue in effect for so long as BNPLC does not terminate NAI's right to possession, and BNPLC may enforce all exercise of BNPLC's its rights and remedies under this Improvements LeaseSection, including Lessor shall comply with the right to recover the Rent as it becomes due under this Improvements Lease. NAI's right to possession shall not be deemed to have been terminated by BNPLC except pursuant to subparagraph 18.(a)(i) hereof. The following shall not constitute a termination provisions of NAI's right to possession:
a) Acts of maintenance or preservation or efforts to relet the Property;
b) The appointment of a receiver upon the initiative of BNPLC to protect BNPLC's interest under this Improvements Lease; or
c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAISection 17.2(b).
Appears in 1 contract
Samples: Lease Agreement (Genentech Inc)
Basic Remedies. At any time after an Event of Default and after BNPLC has given any notice required by subparagraph 18.(b18(b), BNPLC shall be entitled at BNPLC's option (and without limiting BNPLC in the exercise of any other right or remedy BNPLC may have, and without any further demand or notice except as expressly described in this subparagraph 18.(a18(a)), to exercise any one or more of the following remedies:
(i) By notice to NAI, BNPLC may terminate NAI's right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAI's right to possession if NAI fails to cure the default within the time specified in the notice.
(ii) Upon termination of NAI's right to possession and without further demand or notice, BNPLC may re-enter the Property in any manner not prohibited by Applicable Law and take possession of all improvements, additions, alterations, equipment and fixtures thereon and remove any persons in possession thereof. Any property in on the Improvements Land may be removed and stored in a warehouse or elsewhere at the expense and risk of and for the account of NAI.
(iii) Upon termination of NAI's right to possession, this Improvements Land Lease shall terminate and BNPLC may recover from NAI:
a) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI proves could have been reasonably avoided;
c) The worth at the time of award of the amount by which the unpaid Rent for the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI proves could be reasonably avoided; and
d) Any other amount necessary to compensate BNPLC for all the detriment proximately caused by NAI's failure to perform NAI's obligations under this Improvements Land Lease or which in the ordinary course of things would be likely to result therefrom, including the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC as a result of NAI's failure to perform NAI's obligations under the other Operative Documents. The "WORTH AT THE TIME OF AWARD" of the amounts referred to in subparagraph 18.(a)(iii)a) and subparagraph 18.(a)(iii)b) shall be computed by allowing interest at the Default Rate. The "WORTH AT THE TIME OF AWARD" of the amount referred to in subparagraph 18.(a)(iii)c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law.
(iv) BNPLC shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in force even after lessee's breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI has breached this Improvements Lease and abandoned the Property, this Improvements Lease shall continue in effect for so long as BNPLC does not terminate NAI's right to possession, and BNPLC may enforce all of BNPLC's rights and remedies under this Improvements Lease, including the right to recover the Rent as it becomes due under this Improvements Lease. NAI's right to possession shall not be deemed to have been terminated by BNPLC except pursuant to subparagraph 18.(a)(i) hereof. The following shall not constitute a termination of NAI's right to possession:
a) Acts of maintenance or preservation or efforts to relet the Property;
b) The appointment of a receiver upon the initiative of BNPLC to protect BNPLC's interest under this Improvements Lease; or
c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAI.and
Appears in 1 contract
Basic Remedies. At any time after an Event of Default and after -------------- BNPLC has given any notice required by subparagraph 18.(b), BNPLC shall be entitled at BNPLC's option (and without limiting BNPLC in the exercise of any other right or remedy BNPLC may have, and without any further demand or notice except as expressly described in this subparagraph 18.(a)), to exercise any one or more of the following remedies:
(i) By notice to NAIZhone, BNPLC may terminate NAIZhone's right to possession of the Property. A notice given in connection with unlawful detainer proceedings specifying a time within which to cure a default shall terminate NAIZhone's right to possession if NAI Zhone fails to cure the default within the time specified in the notice.
(ii) Upon termination of NAIZhone's right to possession and without further demand or notice, BNPLC may re-enter the Property in any manner not prohibited by Applicable Law and take possession of all improvements, additions, alterations, equipment and fixtures thereon and remove any [Land] persons in possession thereof. Any property in on the Improvements Land may be removed and stored in a warehouse or elsewhere at the expense and risk of and for the account of NAIZhone.
(iii) Upon termination of NAIZhone's right to possession, this Improvements Land Lease shall terminate and BNPLC may recover from NAIZhone:
a) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that NAI Zhone proves could have been reasonably avoided;
c) The worth at the time of award of the amount by which the unpaid Rent for the balance of the scheduled Term after the time of award exceeds the amount of such rental loss that NAI Zhone proves could be reasonably avoided; and
d) Any other amount necessary to compensate BNPLC for all the detriment proximately caused by NAIZhone's failure to perform NAIZhone's obligations under this Improvements Land Lease or which in the ordinary course of things would be likely to result therefrom, including the costs and expenses (including Attorneys' Fees, advertising costs and brokers' commissions) of recovering possession of the Property, removing persons or property therefrom, placing the Property in good order, condition, and repair, preparing and altering the Property for reletting, all other costs and expenses of reletting, and any loss incurred by BNPLC as a result of NAIZhone's failure to perform NAIZhone's obligations under the other Land Operative Documents. The "WORTH AT THE TIME OF AWARDworth at the time of award" of the amounts referred to in subparagraph 18.(a)(iii)a) and subparagraph 18.(a)(iii)b) shall be computed by allowing interest at the Default Rate. The "WORTH AT THE TIME OF AWARDworth at the time of award" of the amount referred to in subparagraph 18.(a)(iii)c) shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
e) Such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law.
(iv) BNPLC shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in force even after lessee's breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations). Accordingly, even if NAI Zhone has breached this Improvements Land Lease and abandoned the Property, this Improvements Land Lease shall continue in effect for so long as BNPLC does not terminate NAIZhone's right to possession, and BNPLC may enforce all of BNPLC's rights and remedies under this Improvements Land Lease, including the right to recover the Rent as it becomes due under this Improvements Land Lease. NAIZhone's right to possession shall not be deemed to have been terminated by BNPLC except pursuant to subparagraph 18.(a)(i) hereof. The following shall not constitute a termination of NAIZhone's right to possession:
a) Acts of maintenance or preservation or efforts to relet the Property;; [Land]
b) The appointment of a receiver upon the initiative of BNPLC to protect BNPLC's interest under this Improvements Land Lease; or
c) Reasonable withholding of consent to an assignment or subletting, or terminating a subletting or assignment by NAIZhone.
Appears in 1 contract