Common use of Default in Payment of Rent Clause in Contracts

Default in Payment of Rent. If any rent required by this lease is not paid when due, Lessor will have the option to: a. Terminate this lease, resume possession of the property, and recover immediately from the Lessee the difference between the rent specified in the lease and the fair rental value of the property for the remainder of the term, reduced to present worth; or b. Resume possession and re-lease or rent the property for the remainder of the term for the account of Xxxxxx and recover from Lessee at the end of the term or at the time each payment of rent comes due under this lease, whichever Lessor may choose, the difference between the rent specified in the lease and the rent received on the re- leasing or renting.

Default in Payment of Rent. If any rent required by this lease is not paid when due, Lessor will have the option to: a. Terminate this lease, resume possession of the property, and recover immediately from the Lessee the difference between the rent specified in the lease and the fair rental value of the property for the remainder of the term, reduced to present worth; or b. Resume possession and re-lease or rent the property for the remainder of the term for the account of Xxxxxx Lessee and recover from Lessee at the end of the term or at the time each payment of rent comes due under this lease, whichever Lessor may choose, the difference between the rent specified in the lease and the rent received on the re- leasing or re-leasingor renting.

Default in Payment of Rent. If any rent required by this lease is not paid when due, Lessor will have the option to: a. Terminate this lease, resume possession of the property, and recover immediately from the Lessee the difference between the rent specified in the lease and the fair rental value of the property for the remainder of the term, reduced to present worth; or b. Resume possession and re-lease release or rent the property for the remainder of the term for the account of Xxxxxx Lessee and recover from Lessee at the end of the term or at the time each payment of rent comes due under this lease, whichever Lessor may choose, the difference between the rent specified in the lease and the rent received on the re- leasing releasing or renting.

Default in Payment of Rent. If any rent required by this lease is not paid when due, Lessor will have the option to: a. To Terminate this lease, resume possession of the property, and recover immediately from the Lessee the difference between the rent specified in the lease and the fair rental value of the property for the remainder of the term, reduced to present worth; or b. Resume possession and re-lease release or rent the property for the remainder of the term for the account of Xxxxxx Lessee and recover from Lessee at the end of the term or at the time each payment of rent comes due under this lease, whichever Lessor may choose, the difference between the rent specified in the lease and the rent received on the re- leasing releasing or renting.