Common use of Damages for Default Clause in Contracts

Damages for Default. Whether or not Landlord retakes possession or relets the Leased Premises, Landlord may recover all damages caused by the default, including, but not limited to, unpaid rent, attorneys’ fees relating to the default, and costs of reletting. Landlord may sue periodically to recover damages as they accrue during the remainder of the Term without barring a later action for further damages. Landlord may at any time bring an action for accrued damages plus damages for the remaining lease term equal to the difference between the rent specified in this Lease and the reasonable rental value of the Leased Premises for the remainder of the term, discounted to the time of judgment at the rate of 1% per annum over the discount rate of the Federal Reserve Bank of New York as of the date of such judgment.

Appears in 2 contracts

Samples: Brian Ardire, Office Lease Agreement

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Damages for Default. Whether or not Landlord retakes possession or relets the Leased Premises, Landlord may recover all damages caused by the default, including, default (including but not limited to, to unpaid rent, attorneys’ fees relating to the default, and costs of reletting). Landlord may sue xxx periodically to recover damages as they accrue during the remainder of the Term lease term without barring a later action for further damages. Landlord may at any time bring an action for accrued damages plus damages for the remaining lease term equal to the difference between the rent specified in this Lease and the reasonable rental value of the Leased Premises for the remainder of the term, discounted to the time of judgment at the rate of 1% six percent (6%) per annum over the discount rate of the Federal Reserve Bank of New York as of the date of such judgmentannum.

Appears in 2 contracts

Samples: Office Lease Agreement, Office Lease (Galena Biopharma, Inc.)

Damages for Default. Whether or not Landlord retakes possession or relets the Leased Parking Premises, Landlord may recover all damages caused by the default, including, default (including but not limited to, to unpaid rent, attorneys’ fees relating to the default, and costs of reletting). Landlord may sue xxx periodically to recover damages as they accrue during the remainder of the Term lease term without barring a later action for further damages. Landlord may at any time bring an action for accrued damages plus damages for the remaining lease term equal to the difference between the rent specified in this Parking Lot Lease and the reasonable rental value of the Leased Premises for the remainder of the term, together with interest thereon at the Interest Rate discounted to the time of judgment at the rate of 1% 1 percent per annum over the discount rate of the Federal Reserve Bank of New York San Francisco as of the date of such judgment.

Appears in 1 contract

Samples: Parking Lot Lease (Lacrosse Footwear Inc)

Damages for Default. Whether or not Landlord retakes possession or relets the Leased Premises, Landlord may recover all damages caused by the default, default (including, but not limited to, to unpaid rent, attorneys’ attorney's fees relating to the default, and costs of reletting). Landlord may sue periodically to recover damages as they accrue during the remainder of the Term Lease term without barring a later action for further damages. Upon the occurrence of a payment default, Landlord may at any time bring an action for accrued damages plus damages for the remaining lease term Lease Term equal to the difference between the rent specified in this Lease and the reasonable rental value of the Leased Premises for the remainder of the termTerm, discounted to the time of judgment at the rate of 1% three percent (3%) per annum over the discount rate of the Federal Reserve Bank of New York as of the date of such judgmentannum.

Appears in 1 contract

Samples: Commercial Lease (Mechanical Technology Inc)

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Damages for Default. Whether or not Landlord retakes possession or relets the Leased PremisesProperty, Landlord may recover all damages caused by the default, default (including, but not limited to, unpaid rent, attorneys' fees relating to the default, and costs of relettingreletting reasonably incurred by Landlord). Landlord may sue periodically to recover damages as xx they accrue during the remainder of the Term Lease term without barring a later action for further damages. Landlord may at any time bring an action for accrued damages plus damages for the remaining lease Lease term equal to the difference between the rent specified in this Lease and the reasonable rental value of the Leased Premises Property for the remainder of the term, discounted to the time of judgment at the rate of 1% nine percent (9%) per annum over the discount rate of the Federal Reserve Bank of New York as of the date of such judgmentannum.

Appears in 1 contract

Samples: Office Lease (Columbia Sportswear Co)

Damages for Default. Whether or not Landlord retakes possession or relets the Leased Premises, Landlord may recover all damages caused by the default, including, default (including but not limited to, to unpaid rent, attorneys’ attorney’s fees relating to the default, and costs of reletting). Landlord may sue xxx periodically to recover damages as they accrue during the remainder of the Term Lease term without barring a later action for further damages. Upon the occurrence of a payment default, Landlord may at any time bring an action for accrued damages plus damages for the remaining lease Lease term equal to the difference between the rent specified in this Lease and the reasonable rental value of the Leased Premises for the remainder of the term, discounted to the time of judgment at the rate of 1% seven percent (7%) per annum over the discount rate of the Federal Reserve Bank of New York as of the date of such judgmentannum.

Appears in 1 contract

Samples: Commercial Lease (HouseValues, Inc.)

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