Common use of BREACH OF CONTRACT/EARLY TERMINATION Clause in Contracts

BREACH OF CONTRACT/EARLY TERMINATION. In event Tenant, prior to expiration of this Agreement, breaches any obligation in this Agreement, abandons the Premises, or gives notice of Tenant’s intent to terminate this tenancy prior to its expiration, in addition to any obligations established by paragraph 23, Tenant shall also be responsible for lost rent, rental commissions, advertising expenses, and construction costs necessary to ready Premises for re-rental. Landlord may also recover from Tenant: (i) the worth, at the time of award, of the unpaid Rent that had been earned at the time of termination; (ii) the worth, at the time of award, of the amount by which the unpaid Rent that would have been earned after expiration until the time of award exceeds the amount of such rental loss the Tenant proves could have been reasonably avoided; and (iii) the worth, at the time of award, of the amount by which the unpaid Rent for the balance of the term after the time of award exceeds the amount of such rental loss that Tenant proves could be reasonably avoided. Landlord may elect to continue the tenancy in effect for so long as Landlord does not terminate Tenant’s right to possession, by either written notice of termination of possession or by reletting the Premises to another who takes possession, and Landlord may enforce all Landlord’s rights and remedies under this Agreement, including the right to recover the Rent as it becomes due.

Appears in 3 contracts

Samples: 953 Sublease Agreement (Eidos Therapeutics, Inc.), Sublease Agreement, 953 Sublease Agreement (Eidos Therapeutics, Inc.)

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BREACH OF CONTRACT/EARLY TERMINATION. In event Tenant, prior to expiration of this Agreementagreement, breaches any obligation in this Agreementagreement, abandons the Premisespremises, or gives notice of Tenanttenant’s intent to terminate this tenancy prior to its expiration, in addition to any obligations established by paragraph 2322, Tenant shall also be responsible for lost rent, rental commissions, advertising expenses, and construction painting costs necessary to ready Premises for re-rental. Landlord may also recover from Tenant: (i) the worth, at the time of award, of the unpaid Rent that had been earned at the time of termination; (ii) the worth, at the time of award, of the amount by which the unpaid Rent that would have been earned after expiration until the time of award exceeds the amount of such rental loss the Tenant proves could have been reasonably avoided; and (iii) the worth, at the time of award, of the amount by which the unpaid Rent for the balance of the term after the time of award exceeds the amount of such rental loss that Tenant proves could be reasonably avoided. Landlord may elect to continue the tenancy in effect for so long as Landlord does not terminate TenantXxxxxx’s right to possession, by either written notice of termination of possession or by reletting the Premises to another who takes possession, and Landlord may enforce all Landlordlandlord’s rights and remedies under this Agreementagreement, including the right to recover the Rent as it becomes due.

Appears in 2 contracts

Samples: DTF Properties, DTF Properties

BREACH OF CONTRACT/EARLY TERMINATION. In event Tenant, prior to expiration of this Agreementagreement, breaches any obligation in this Agreementagreement, abandons the Premisespremises, or gives notice of Tenant’s tenant's intent to terminate this tenancy prior to its expiration, in addition to any obligations established by paragraph 2324, Tenant shall also be responsible for lost rent, rental commissions, advertising expenses, and construction painting costs necessary to ready Premises for re-rental. Landlord may also recover from Tenant: (i) the worth, at the time of award, of the unpaid Rent that had been earned at the time of termination; (ii) the worth, at the time of award, of the amount by which the unpaid Rent that would have been earned after expiration until the time of award exceeds the amount of such rental loss the Tenant proves could have been reasonably avoided; and (iii) the worth, at the time of award, of the amount by which the unpaid Rent for the balance of the term after the time of award exceeds the amount of such rental loss that Tenant proves could be reasonably avoided. Landlord may elect to continue the tenancy in effect for so long as Landlord does not terminate Tenant’s 's right to possession, by either written notice of termination of possession or by reletting relenting the Premises to another who takes possession, and Landlord may enforce all Landlord’s 's rights and remedies under this Agreementagreement, including the right to recover the Rent as it becomes due.

Appears in 1 contract

Samples: Lease Agreement

BREACH OF CONTRACT/EARLY TERMINATION. In event Tenant, prior to expiration of this Agreementagreement, breaches any obligation in this Agreementagreement, abandons the Premisespremises, or gives notice of Tenant’s tenant's intent to terminate this tenancy prior to its expiration, in addition to any obligations established by paragraph 2324, Tenant shall also be responsible for lost rent, rental commissions, advertising expenses, and construction painting costs necessary to ready Premises for re-rental. Landlord may also recover from Tenant: (i) the worth, at the time of award, of the unpaid Rent that had been earned at the time of termination; (ii) the worth, at the time of award, of the amount by which the unpaid Rent that would have been earned after expiration until the time of award exceeds the amount of such rental loss the Tenant proves could have been reasonably avoided; and (iii) the worth, at the time of award, of the amount by which the unpaid Rent for the balance of the term after the time of award exceeds the amount of such rental loss that Tenant proves could be reasonably avoided. Landlord may elect to continue the tenancy in effect for so long as Landlord does not terminate Tenant’s Xxxxxx's right to possession, by either written notice of termination of possession or by reletting relenting the Premises to another who takes possession, and Landlord may enforce all Landlord’s 's rights and remedies under this Agreementagreement, including the right to recover the Rent as it becomes due.

Appears in 1 contract

Samples: Lease Agreement

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BREACH OF CONTRACT/EARLY TERMINATION. In event Tenant, prior to expiration of this Agreementagreement, breaches any obligation in this Agreementagreement, abandons the Premisespremises, or gives notice of Tenanttenant’s intent to terminate this tenancy prior to its expiration, in addition to any obligations established by paragraph 2322, Tenant shall also be responsible for lost rent, rental commissions, advertising expenses, and construction painting costs necessary to ready Premises for re-rental. Landlord may also recover from Tenant: (i) the worth, at the time of award, of the unpaid Rent that had been earned at the time of termination; (ii) the worth, at the time of award, of the amount by which the unpaid Rent that would have been earned after expiration until the time of award exceeds the amount of such rental loss the Tenant proves could have been reasonably avoided; and (iii) the worth, at the time of award, of the amount by which the unpaid Rent for the balance of the term after the time of award exceeds the amount of such rental loss that Tenant proves could be reasonably avoided. Landlord may elect to continue the tenancy in effect for so long as Landlord does not terminate Tenant’s right to possession, by either written notice of termination of possession or by reletting the Premises to another who takes possession, and Landlord may enforce all Landlordlandlord’s rights and remedies under this Agreementagreement, including the right to recover the Rent as it becomes due.

Appears in 1 contract

Samples: DTF Properties

BREACH OF CONTRACT/EARLY TERMINATION. In event Tenant, prior to expiration of this Agreementagreement, breaches any obligation in this Agreementagreement, abandons the Premisespremises, or gives notice of Tenant’s tenant's intent to terminate this tenancy prior to its expiration, in addition to any obligations established by paragraph 2324, Tenant shall also be responsible for lost rent, rental commissions, . advertising expenses, and construction painting costs necessary to ready Premises for re-rental. Landlord landlord may also recover from Tenant: (i) iJ the worth, at the time of award, of the unpaid Rent that had been earned at the time of termination; (ii) the worth, at the time of award, of the amount by which the unpaid Rent that would have been earned after expiration until the time of award exceeds the amount of such rental loss the Tenant proves could have been reasonably avoided; and (iii) the worth, at the time of award, of the amount by which the unpaid Rent for the balance of the term after the time of award exceeds the amount of such rental loss that t11at Tenant proves could be reasonably avoided. Landlord may elect to continue cominue the tenancy in effect for so long as Landlord does not terminate Tenant’s Xxxxxx's right to possession, by either written notice of termination of possession or by reletting the Premises to another who takes possession, and Landlord may enforce all Landlord’s 's rights and remedies under this Agreementagreement, including the right to recover the Rent as it becomes due. 26.

Appears in 1 contract

Samples: Lease Agreement (Lulu's Fashion Lounge Holdings, Inc.)

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