Common use of Continuation of Lease: Reletting of Premises Clause in Contracts

Continuation of Lease: Reletting of Premises. Landlord may continue this Lease in full force and effect, in which case Tenant is liable for all rents and other amounts payable under this Lease. Landlord may, nevertheless, re-enter and take possession of the Premises, by any lawful means, without terminating this Lease and without being liable for prosecution or for any claim for damages therefor, and relet the Premises and apply the rent received to the account of Tenant. No reletting by Landlord is considered to be for its own account unless Landlord has notified Tenant that this Lease has been terminated. Landlord may relet the Premises for a period or periods of time equal to, lesser or greater than the remainder of the Term, and on whatever terms and conditions Landlord, in its sole discretion, deems advisable. Landlord’s action under this Section 14.02(b) is not considered an acceptance of Tenant’s surrender of the Premises unless Landlord expressly so notifies or agrees with Tenant in writing.

Appears in 2 contracts

Samples: Lease Agreement (Peloton Therapeutics, Inc.), Lease Agreement (Peloton Therapeutics, Inc.)

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Continuation of Lease: Reletting of Premises. Landlord may continue this Lease in full force and effect, in which case Tenant is liable for all rents and other amounts payable under this Lease. Landlord may, nevertheless, . re-enter and take possession of the Premises, . by any lawful means, without terminating this Lease and without being liable for prosecution or for any claim for damages therefor, . and relet the Premises and apply the rent received to the account of Tenant. No reletting by Landlord is considered to be for its own account unless Landlord has notified Tenant that this Lease has been terminated. Landlord may relet the Premises for a period or periods of time equal to, lesser or greater than the remainder of the Term, and on whatever terms and conditions Landlord, in its sole discretion, . deems advisable. Landlord’s 's action under this Section 14.02(bsubsection (b) is not considered an acceptance of Tenant’s 's surrender of the Premises unless Landlord expressly so notifies or agrees with Tenant in writing.

Appears in 1 contract

Samples: Office Lease Agreement (Bionumerik Pharmaceuticals Inc)

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Continuation of Lease: Reletting of Premises. Landlord may continue this Lease in full force and effect, in which case Tenant is liable for all rents and other amounts payable under this Lease. Landlord may, nevertheless, re-enter and take possession of the Premises, by any lawful means, without terminating this Lease and without being liable for prosecution or for any claim for damages therefor, and relet the Premises and apply the rent received to the account of Tenant. No reletting by Landlord is considered to be for its own account unless Landlord has notified Tenant that this Lease has been terminated. Landlord may relet the Premises for a period or periods of time equal to, lesser or greater than the remainder of the Term, and on whatever terms and conditions Landlord, in its sole discretion, deems advisable. Landlord’s 's action under this Section 14.02(bsubsection (b) is not considered an acceptance of Tenant’s 's surrender of the Premises unless Landlord expressly so notifies or agrees with Tenant in writing.

Appears in 1 contract

Samples: Office Lease Agreement (Worldport Communications Inc)

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