Common use of Defaults by Tenant Clause in Contracts

Defaults by Tenant. Upon the occurrence of any default by Tenant with respect to any of the provisions of this Agreement or any other agreement with Landlord relating to construction in or about the Premises, Landlord may, in addition to exercising any other right or remedy Landlord may have, treat such default as a default by Tenant under the Lease and exercise any or all rights available under the Lease in connection therewith, including, if applicable, the right of termination. Upon any termination of the Lease by Landlord, Landlord may elect in its absolute discretion, with respect to any work performed by or on behalf of Tenant prior to the date of such termination, to either: (a) retain for its own use part or all of any such work, without compensation to Tenant therefor; or (b) demolish or remove part or all of any such work and restore part or all of the Premises to its condition prior to the initial tender of possession thereof to Tenant, in which event Tenant shall reimburse Landlord upon demand for all costs reasonable incurred by Landlord in connection with such demolition, removal and/or restoration.

Appears in 1 contract

Samples: Lease Agreement (Bank of the Ozarks Inc)

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Defaults by Tenant. Upon In the occurrence event of any default by Tenant with respect to any of the provisions of this Agreement Work Letter or any other agreement with Landlord relating to construction in or about the Premises, Landlord may, in addition to exercising any other right or remedy Landlord may have, treat such default as a default by Tenant under the Lease and exercise any or all rights available under the Lease in connection therewith, including, if applicable, the right of termination. Upon In the event of any termination of the Lease by Landlord, Landlord may elect in its absolute discretion, with respect to any work performed by or on behalf of Tenant prior to the date of such termination, to either: (a) retain for its own use part or all of any such work, without compensation to Tenant therefor; or or (b) demolish or remove part or all of any such work and restore part or all of the Premises to its condition prior to the initial tender of possession thereof to Tenant, in which event Tenant shall reimburse Landlord upon demand for all costs reasonable reasonably incurred by Landlord in connection with such demolition, removal and/or restoration.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Galaxy Foods Co)

Defaults by Tenant. Upon In the occurrence event of any default by Tenant with ------------------ respect to any of the provisions of this Agreement Work Letter or any other agreement with Landlord relating to construction in or about the Premises, Landlord may, in addition to exercising any other right or remedy Landlord may have, treat such default as a default by Tenant under the Lease and exercise any or all rights available under the Lease in connection therewith, including, if applicable, the right of termination. Upon In the event of any termination of the Lease by Landlord, Landlord may elect in its absolute discretion, with respect to any work performed by or on behalf of Tenant prior to the date of such termination, to either: (a) retain for its own use part or all of any such work, without compensation to Tenant therefor; or (b) demolish or remove part or all of any such work and restore part or all of the Premises to its condition prior to the initial tender of possession thereof to Tenant, in which event Tenant shall reimburse Landlord upon demand for all costs reasonable reasonably incurred by Landlord in connection with such demolition, removal and/or restoration.

Appears in 1 contract

Samples: Lease (Genomica Corp /De/)

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Defaults by Tenant. Upon In the occurrence event of any default by Tenant with respect to any of the provisions of this Agreement Work Letter or any other agreement with Landlord relating to construction in or about the Premises, Landlord may, in addition to exercising any other right or remedy Landlord may have, treat such default as a default by Tenant under the Lease and exercise any or all rights available under the Lease in connection therewith, including, if applicable, the right of termination. Upon In the event of any termination of the Lease by Landlord, Landlord may elect in its absolute reasonable discretion, with respect to any work performed by or on behalf of Tenant prior to the date of such termination, to either: (a) retain for its own use part or all of any such work, without compensation to Tenant therefor; or (b) demolish or remove part or all of any such work and restore part or all of the Premises to its condition prior to the initial tender of possession thereof to Tenant, in which event Tenant shall reimburse Landlord upon demand for all costs reasonable reasonably incurred by Landlord in connection with such demolition, removal and/or restoration.

Appears in 1 contract

Samples: Lease (Onesource Information Services Inc)

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