Common use of Damages Upon Repossession Clause in Contracts

Damages Upon Repossession. If Landlord repossesses the Premises without terminating this Lease, Tenant, at Landlord's option, shall be liable for and shall pay Landlord on demand all rental and other payments owed to Landlord hereunder, accrued to the date of such repossession, plus all amounts required to be paid by Tenant to Landlord until the date of expiration of the term as stated in Paragraph 1, diminished by all amounts actually received by Landlord through reletting the Premises during such remaining term (but only to the extent of the rent herein reserved). Actions to collect amounts due by Tenant to Landlord under this paragraph may be brought from time to time, on one or more occasions, without the necessity of Landlord's waiting until expiration of the Lease term.

Appears in 6 contracts

Samples: Lease Agreement (Infiniti Solutions LTD), Lease Agreement (Tanisys Technology Inc), Lease Agreement (Metrowerks Inc /Tx/)

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Damages Upon Repossession. If Landlord repossesses the Premises without terminating this Lease, Tenant, Tenant at Landlord's option, shall be liable for and shall pay Landlord on demand all rental and other payments owed to Landlord hereunder, accrued to the date of such repossession, plus all amounts required require to be paid by Tenant to Landlord until the date of expiration of the term as stated in Paragraph 1, diminished by all amounts actually received by Landlord through reletting the Premises premises during such remaining term (but only to the extent of the rent herein reserved). Actions to collect amounts due by Tenant to Landlord under this paragraph may be brought from time to time, on one or more occasions, without the necessity of Landlord's waiting until the expiration of the Lease lease term.

Appears in 1 contract

Samples: Lease Agreement (Silicon Laboratories Inc)

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