Common use of Continuing Liability After Termination Clause in Contracts

Continuing Liability After Termination. If this Lease is terminated on account of the occurrence of an Event of Default, Tenant will remain liable to Landlord for damages in an amount equal to Base Monthly Rent and other amounts which would have been owing by Tenant for the balance of the Term, had this Lease not been terminated, less the net proceeds received by Landlord for the balance of the Term, if any, of any reletting of the Demised Premises by Landlord subsequent to such termination, after deducting all Landlord’s expenses in connection with such reletting, including, but without limitation, the expenses enumerated in Section 25.03. Landlord will be entitled to collect such damages from Tenant monthly on the day on which Base Monthly Rent and other amounts would have been payable under this Lease if this Lease had not been terminated, and Landlord will be entitled to receive such Base Monthly Rent and other amounts from Tenant on each such day.

Appears in 2 contracts

Samples: Office Lease Agreement, Office Lease Agreement (Acacia Communications, Inc.)

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Continuing Liability After Termination. If this Lease is terminated on account of the occurrence of an Event of Default, Tenant will remain liable to Landlord for damages in an amount equal to Base Monthly Rent and other amounts which that would have been owing by Tenant for the balance of the Term, had this Lease not been terminated, less the net proceeds received by Landlord for the balance of the Termproceeds, if any, of any reletting of the Demised Premises by Landlord subsequent to such termination, after deducting all of Landlord’s expenses in connection with such reletting, including, but including without limitation, the expenses enumerated in Section 25.0328.3. Landlord will be entitled to collect such damages from Tenant monthly on the day days on which Base Monthly Rent and other amounts would have been payable under this Lease if this Lease had not been terminated, and Landlord will be entitled to receive such Base Monthly Rent and other amounts from Tenant on each such day.

Appears in 1 contract

Samples: Lease Agreement (Capstone Financial Group, Inc.)

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Continuing Liability After Termination. If this Lease is terminated on account of the occurrence of an Event event of Defaultdefault and such termination results in the acceleration of amounts due under financings secured by the Premises or portions thereof, Tenant will remain liable to Landlord for damages in an amount equal to Monthly Base Monthly Rent, Additional Rent and other amounts which that would have been owing by Tenant for the balance of the Term, had this Lease not been terminated, less the net proceeds received by Landlord for the balance of the Termproceeds, if any, of any reletting of the Demised Premises by Landlord subsequent to such termination, after deducting all of Landlord’s expenses in connection with such reletting, including, but including without limitation, limitation the expenses enumerated in Section 25.0325.3. Landlord will be entitled to collect such damages from Tenant monthly on the day on which Base Monthly Rent and other amounts would have been payable under this Lease if this Lease had not been terminated, and Landlord will be entitled to receive such Base Monthly Rent and other amounts from Tenant on each such day.

Appears in 1 contract

Samples: Lease (BioPlus Acquisition Corp.)

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