Common use of Continuance of Lease Clause in Contracts

Continuance of Lease. Upon any Default by Tenant and unless and until Landlord elects to terminate this Lease pursuant to Paragraph 14.2.1 above, this Lease shall continue in effect after the Default by Tenant and Landlord may enforce all its rights and remedies under this Lease, including without limitation, the right to recover payment of Rentals as they become due. Neither efforts by Landlord to mitigate damages caused by a Default by Tenant nor the acceptance of any Rentals shall constitute a waiver by Landlord of any of Landlord's rights or remedies, including the rights and remedies specified in Paragraph 14.2.1 above. The Landlord shall have the remedy described in California Civil Code Section 1951.4 (landlord may continue lease in effect after tenant's breach and abandonment and recover rent as it becomes due, if landlord has the right to sublet or assign, subject only to reasonable limitations).

Appears in 3 contracts

Samples: Net Lease Agreement (Integrated Device Technology Inc), Net Lease Agreement (Integrated Device Technology Inc), Net Lease Agreement (Integrated Device Technology Inc)

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Continuance of Lease. Upon any Default a default by Tenant and unless and until Landlord elects to terminate this Lease pursuant to Paragraph 14.2.1 Section 20.1 above, this Lease shall continue in effect after the Default default by Tenant Tenant, and Landlord may enforce all its rights and remedies under this Lease, including including, without limitation, the right to recover payment of Rentals Rents as they become due. Neither efforts by Landlord to mitigate damages caused by a Default default by Tenant nor the acceptance of any Rentals Rents shall constitute a waiver by Landlord of any of Landlord's rights or remedies, including the rights and remedies specified in Paragraph 14.2.1 abovethis Section 20. The Landlord shall have It is intended that the remedy described set forth in this Section 20.2 is to provide Landlord the rights set forth in California Civil Code Section 1951.4 (landlord may continue lease 1951.4. The use restrictions set forth in effect after tenantSection 9 above shall apply to Landlord's breach and abandonment and recover rent as it becomes due, if landlord has rights under this Section 20.2 except to the right to sublet or assign, subject only to reasonable limitations)extent Tenant proves under all circumstances that the enforcement of such restrictions would be unreasonable.

Appears in 2 contracts

Samples: Lease Agreement (Avanex Corp), Lease Agreement (Avanex Corp)

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Continuance of Lease. Upon any Default by Tenant and unless and until Landlord elects to terminate this Lease pursuant to Paragraph 14.2.1 above, this Lease shall continue in effect after the Default by Tenant and Landlord may enforce all its rights and remedies under this Lease, including without limitation, the right to recover payment of Rentals as they become due. Neither efforts by Landlord to mitigate damages caused by a Default by Tenant nor the acceptance of any Rentals shall constitute a waiver by Landlord of any of Landlord's ’s rights or remedies, including the rights and remedies specified in Paragraph 14.2.1 above. The Landlord shall have the remedy described in California Civil Code Section 1951.4 (landlord may continue lease in effect after tenant's ’s breach and abandonment and recover rent as it becomes due, if landlord has the right to sublet or assign, subject only to reasonable limitations).

Appears in 1 contract

Samples: Net Lease Agreement (Mellanox Technologies, Ltd.)

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