Common use of Breach of Essential Terms Clause in Contracts

Breach of Essential Terms. (a) If the Lessee’s conduct constitutes a breach of an essential term of this Lease and the Lessor elects to treat that breach as repudiation or the conduct otherwise constitutes repudiation of this Lease, the Lessee shall compensate the Lessor for all loss or damage suffered by reason of or arising from the repudiation. (b) Clauses 4 (“Rent”), 5 (“Rent Review”), 6 (“Rates and Taxes”), 8 (“Use of Leased Premises and Facilities”), 10 (“Maintenance and Works”), 13 (“Lessee’s Obligations to effect insurances”), 15 (“Assignment”) and 27 (“Environmental Matters”) of this Lease are deemed to be essential terms. This is not an exhaustive list of the essential terms of this Lease.

Breach of Essential Terms. (a) If the Lessee’s conduct constitutes a breach of an essential term of this Lease and the Lessor elects to treat that breach as repudiation or the conduct otherwise constitutes repudiation of this Lease, the Lessee shall compensate the Lessor for all loss or damage suffered by reason of or arising from the repudiation. (b) Clauses 4 (“Rent”), 5 (“Rent Review”), 6 (“Rates and Taxes”), 8 7 (“Variable Outgoings”), 9 (“Use of Leased Premises and Facilities”), 10 11 (“Maintenance Covenant to Repair and WorksMaintain”), 13 14 (“Lessee’s Obligations to effect insurances”), 15 16 (“Assignment”) and 27 ), 29 (“Environmental MattersEnvironmental”), 31 (“Car Park Bays”) of this Lease are deemed to be essential terms. This is not an exhaustive list of the essential terms of this Lease.