Common use of CONTINUATION OF LEASE AFTER BREACH Clause in Contracts

CONTINUATION OF LEASE AFTER BREACH. Notwithstanding the foregoing, in the event Lessee has breached this Lease and abandoned the Premises, this Lease, at Lessor's option, shall continue in full force and effect so long as Lessor does not terminate this Lease, and in such event Lessor may enforce all of its rights and remedies hereunder, including, without limitation, the right to recover rent as it becomes due. In addition, Lessor shall not be liable in any way whatsoever for its failure or refusal to relet the Premises. For purposes of this Subparagraph 23.03, the following acts by Lessor shall not constitute the termination of this Lease: (a) Acts of maintenance or preservation or efforts to relet the Premises, including, but not limited to, alterations, remodeling, redecorating, repairs, replacements and/or painting as Lessor shall consider appropriate for the purpose of attempting to relet the Premises or any part thereof; or (b) The appointment of a receiver upon the initiative of Lessor to protect Lessors interest under this Lease or in the Premises. Bankruptcy Remedies. In the event that Lessee commences voluntarily, or has commenced against Lessee involuntarily, any proceedings under the bankruptcy laws, including, but not limited to, proceedings under the Bankruptcy Reform Act of 1978, as amended, 11 U.S.C. sx.xx. 101-1330, the following provisions shall apply:

Appears in 1 contract

Samples: Standard Industrial Lease (L L Brown International Inc)

AutoNDA by SimpleDocs

CONTINUATION OF LEASE AFTER BREACH. Notwithstanding the foregoing, in the event Lessee has breached this Lease and abandoned the PremisesLease, this Lease, at Lessor's ’s option, shall will continue in full force and effect so long as Lessor does not terminate this LeaseLessee’s right to possession of the Premises, and in such event Lessor may enforce all of its rights and remedies hereunderunder this Lease, including, without limitation, including the right to recover rent as it becomes due. In addition, Lessor shall not be liable in any way whatsoever for its failure or refusal to relet the Premises. For purposes of this Subparagraph 23.0322.03, the following acts by Lessor shall will not constitute the termination of this LeaseLessee’s right to possession of the premises: (a) A. Acts of maintenance or preservation or efforts to relet the Premises, including, but not limited to, alterations, remodeling, redecorating, repairs, replacements and/or painting as Lessor shall consider appropriate advisable for the purpose of attempting to relet reletting the Premises or any part thereof; or (b) B. The appointment of a receiver upon the initiative of Lessor to protect Lessors Lessor’s interest under this Lease or in the Premises. Bankruptcy Remedies. In the event that Lessee commences voluntarily, or has commenced against Lessee involuntarily, any proceedings under the bankruptcy laws, including, but not limited to, proceedings under the Bankruptcy Reform Act of 1978, as amended, 11 U.S.C. sx.xx. 101-1330, the following provisions shall apply:.

Appears in 1 contract

Samples: Lease Agreement (Iii to I Maritime Partners Cayman I Lp)

CONTINUATION OF LEASE AFTER BREACH. Notwithstanding the foregoing, in the event Lessee has breached this Lease and abandoned the Premises, this Lease, at Lessor's option, shall continue in full force and effect so long as Lessor does not terminate this Lease, and in such event Lessor may enforce all ail of its rights and remedies hereunder, including, without limitation, the right to recover rent as it becomes due. In addition, Lessor shall not be liable in any way whatsoever for its failure or refusal to relet the Premises. For purposes of this Subparagraph 23.0322.3, the following acts by Lessor shall not constitute the termination of this Lease: (a) Acts of maintenance or preservation or efforts to relet the Premises, including, but not limited to, alterations, remodeling, redecorating, repairs, replacements and/or painting as Lessor shall consider appropriate for the purpose of attempting to relet the Premises or any part thereof; or (b) The appointment of a receiver upon the initiative of Lessor Xxxxxx to protect Lessors Xxxxxx's interest under this Lease or in the Premises. Bankruptcy Remedies. In the event that Lessee commences voluntarily, or has commenced against Lessee involuntarily, any proceedings under the bankruptcy laws, including, but not limited to, proceedings under the Bankruptcy Reform Act of 1978, as amended, 11 U.S.C. sx.xx. 101-1330, the following provisions shall apply:.

Appears in 1 contract

Samples: Lease Agreement (Intest Corp)

AutoNDA by SimpleDocs

CONTINUATION OF LEASE AFTER BREACH. Notwithstanding the foregoing, in the event Lessee has breached this Lease and abandoned the Premises, this Lease, at Lessor's option, shall will continue in full force and effect so long as Lessor does not terminate this LeaseLessees' right to possession of the Premises, and in such event Lessor may enforce all of its rights and remedies hereunderunder this Lease, including, without limitation, including the right to recover rent as it becomes due. In addition, Lessor shall not be liable in any way whatsoever for its failure or refusal to relet the Premises. For purposes of this Subparagraph 23.03subsection 22.03, the following acts by Lessor shall will not constitute the termination of this LeaseXxxxxx's right to possession of the premises: (a) A. Acts of maintenance or preservation or efforts to relet the Premises, including, but not limited to, alterations, remodeling, redecorating, repairs, replacements and/or painting as Lessor shall consider appropriate advisable for the purpose of attempting to relet reletting the Premises or any part thereof; or (b) B. The appointment of a receiver upon the initiative of Lessor to protect Lessors Xxxxxx's interest under this Lease or in the Premises. Bankruptcy Remedies. In the event that Lessee commences voluntarily, or has commenced against Lessee involuntarily, any proceedings under the bankruptcy laws, including, but not limited to, proceedings under the Bankruptcy Reform Act of 1978, as amended, 11 U.S.C. sx.xx. 101-1330, the following provisions shall apply:.

Appears in 1 contract

Samples: Standard Industrial Lease (Copper Mountain Networks Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!