Compensation for Breach. 11.5.1 In the event the lessee's conduct (whether acts or omissions) constitutes a repudiation of this lease (or of the lessee's obligations under this lease) or constitutes a breach of any lease covenants the lessee shall compensate the lessor for the loss or damage suffered by reason of the repudiation or breach. 11.5.2 The lessor shall be entitled to recover damages against the lessee in respect of repudiation or breach of covenant for the damage suffered by the lessor during the whole of the term. 11.5.3 The lessor's entitlement to recover damages shall not be affected or limited by any of the following: (a) the lessee abandoning or vacating the land; (b) the lessor electing to re-enter or to terminate the lease; (c) the lessor accepting the lessee's repudiation; (d) the parties' conduct constituting a surrender by operation of law. 11.5.4 The lessor shall be entitled to recover damages against the lessee in respect of the entire term including the periods before and after the lessee has vacated the land and before and after the events referred to in subclause 11.5.3 whether recovery proceedings are instituted before or after such conduct.
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Samples: Deed of Lease, Deed of Lease
Compensation for Breach. 11.5.1 (a) In the event the lessee's Lessee’s conduct (whether acts or omissions) constitutes a repudiation of this lease Lease (or of the lessee's Lessee’s obligations under this leaseLease) or constitutes a breach of any lease Lease covenants the lessee Lessee shall compensate the lessor Lessor for the loss or damage suffered by reason of the repudiation or breach.
11.5.2 (b) The lessor Lessor shall be entitled to recover damages against the lessee Lessee in respect of repudiation or breach of covenant for the damage suffered by the lessor Lessor during the whole of the term.
11.5.3 (c) The lessor's Lessor’s entitlement to recover damages shall not be affected or limited by any of the following:
(ai) if the lessee abandoning Lessee shall abandon or vacating vacate the landLand;
(bii) if the lessor electing Lessor shall elect to re-enter or to terminate the leaseLease;
(ciii) if the lessor accepting Lessor shall accept the lessee's Lessee’s repudiation;; and
(div) if the parties' ’ conduct constituting shall constitute a surrender by operation of law.
11.5.4 (d) The lessor Lessor shall be entitled to recover damages against the lessee Lessee in respect of the entire term including the periods before and after the lessee Lessee has vacated the land Land and before and after the events referred to in subclause 11.5.3 24.3(c) whether recovery proceedings are instituted before or after such conduct.
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Samples: Deed of Lease (Rocket Lab USA, Inc.)
Compensation for Breach. 11.5.1 (a) In the event the lessee's Lessee’s conduct (whether acts or omissions) constitutes a repudiation of this lease Lease (or of the lessee's Lessee’s obligations under this leaseLease) or constitutes a breach of any lease covenants covenants, the lessee Lessee shall compensate the lessor Lessor for the loss or damage suffered by reason of the repudiation or breach.
11.5.2 (b) The lessor Lessor shall be entitled to recover damages against the lessee Lessee in respect of repudiation or breach of covenant for the damage suffered by the lessor Lessor during the whole of the termTerm.
11.5.3 (c) The lessor's Lessor’s entitlement to recover damages shall not be affected or limited by any of the following:
(ai) the lessee Lessee abandoning or vacating the land;Premises
(bii) the lessor Lessor electing to re-enter or to terminate the lease;Lease
(ciii) the lessor Lessor accepting the lessee's Lessee’s repudiation;
(div) the parties' ’ conduct constituting a surrender by operation of law.
11.5.4 (d) The lessor Lessor shall be entitled to recover damages against the lessee Lessee in respect of the entire term Term, including the periods before and after the lessee Lessee has vacated the land Premises and before and after the events referred to in subclause 11.5.3 clause 15.4(c) whether recovery proceedings are instituted before or after such conduct.
Appears in 1 contract
Samples: Lease Agreement