Common use of Effect of Breach Clause in Contracts

Effect of Breach. a. In the event of a breach of this Lease as set forth in Section 26, Landlord shall have the option to do any of the following in addition to and not in limitation of any other remedy permitted by law or by this Lease: (i) to re-enter the Premises, using force if necessary, to dispossess Tenant and all other occupants from the Premises and to remove any or all of Tenant's property at the Premises, (ii) to store Tenant's property in a public warehouse or elsewhere at the cost, risk, and expense of Tenant, without Landlord's being deemed guilty of trespass or becoming liable for any loss or damage which may occur on Tenant's property, and (iii) upon ten (10) days' written notice to Tenant, which the parties agree is commercially reasonable, to sell at public or private sale any or all of said property, whether exempt or not from sale under execution or attachment (such property being deemed charged with a lien in favor of Landlord for all sums due hereunder), with the proceeds of sale to be applied: first, to the reasonable costs and expenses of retaking, removal, storage, preparing for sale, and sale of the property (including reasonable attorney's fees); and second, to the payment of any sums due hereunder to Landlord (including Rent, charges, and damages, both theretofore and thereafter accruing); and, third, any surplus to Tenant.

Appears in 6 contracts

Samples: Standard Lease Agreement (Carrollton Bancorp), Standard Lease Agreement (Carrollton Bancorp), Standard Lease Agreement (Carrollton Bancorp)

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Effect of Breach. a. (a) In the event of a breach of this Lease as set forth in Section 2627, Landlord shall have the option to do any of the following in addition to and not in limitation of any other remedy permitted by law or by this Leaselease: (i) to re-enter the Premises, using force if necessary, to dispossess Tenant and all other occupants from the Premises and to remove any or all of Tenant's ’s property at the Premises, ; (ii) to store Tenant's ’s property in a public warehouse or elsewhere at the cost, risk, and expense of Tenant, without Landlord's ’s being deemed guilty of trespass or becoming liable for any loss or damage damage, which may occur on Tenant's ’s property, ; and (iii) upon ten thirty (1030) days' written notice to Tenant, which the parties agree is commercially reasonable, to sell at public or private sale any or all of said property, whether exempt or not from sale under execution or attachment (such property being deemed charged with a lien in favor of Landlord for all sums due hereunder), with the proceeds of sale to be applied: first, to the reasonable costs and expenses of retaking, removal, storage, preparing for sale, and sale of the property (including reasonable attorney's attorneys’ fees); and second, to the payment of any sums sum due hereunder to Landlord (including Rent, Additional Rent, charges, and damages, both theretofore and thereafter accruing); and, third, any surplus to Tenant.

Appears in 1 contract

Samples: Lease Agreement (Osiris Therapeutics, Inc.)

Effect of Breach. a. A. In the event of a breach of this Lease as set forth in Section 26XIV, Landlord shall have the option to do any of the following in addition to and not in limitation of any other remedy permitted by law or by this Lease: (i) to re-enter the Premises, using force if necessary, to dispossess Tenant and all other occupants from the Premises and to remove any or all of Tenant's property at the Premises, (ii) to store Tenant's property in a public warehouse or elsewhere at the cost, risk, and expense of Tenant, without Landlord's being deemed guilty of trespass or becoming liable for any loss or damage which may occur on Tenant's property, and (iii) upon ten fifteen (1015) days' written notice to Tenant, which the parties agree is commercially reasonable, to sell in a commercially reasonable manner at public or private sale any or all of said property, whether exempt or not from sale under execution or attachment (such property being deemed charged with a lien in favor of Landlord for all sums due hereunder), with the proceeds of sale to be applied: first, to the reasonable costs and expenses of retaking, removal, storage, preparing for sale, and sale of the property (including reasonable attorney's fees); and second, to the payment of any sums sum due hereunder to Landlord (including Rent, charges, and damages, both theretofore and thereafter accruing); and, third, any surplus to Tenant.

Appears in 1 contract

Samples: Purchase Agreement (United American Healthcare Corp)

Effect of Breach. a. (a) In the event of a breach of this Lease as set forth in Section 2627(a), Landlord shall have the option to do any of the following in addition to and not in limitation of any other remedy permitted by law or by this Lease: (i) following termination of this Lease, to re-enter the Premises, using force if necessary, to dispossess Tenant and all other occupants from the Premises and to remove any or all of Tenant's property at the Premises, ; (ii) thereafter, to store Tenant's property in a public warehouse or elsewhere at the cost, risk, and expense of Tenant, without Landlord's being deemed guilty of trespass or becoming liable for any loss or damage damage, which may occur on Tenant's property, ; and (iii) upon ten thirty (1030) days' written notice to Tenant, which the parties agree is commercially reasonable, to sell at public or private sale any or all of said property, whether exempt or not from sale under execution or attachment (such property being deemed charged with a lien in favor of Landlord for all sums due hereunder), with the proceeds of sale to be applied: first, to the reasonable costs and expenses of retaking, removal, storage, preparing for sale, and sale of the property (including reasonable attorney's attorneys' fees); and second, to the payment of any sums sum due hereunder to Landlord (including Rent, Additional Rent, charges, and damages, both theretofore and thereafter accruing); and, third, any surplus to Tenant.

Appears in 1 contract

Samples: Lease Agreement (Vaccinogen Inc)

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Effect of Breach. a. (a) In the event of a breach of this Lease as set forth in Section 2627, Landlord shall have the option to do any of the following in addition to and not in limitation of any other remedy permitted by law or by this Leaselease: (i) to re-enter the Premises, using force if necessary, to dispossess Tenant and all other occupants from the Premises and to remove any or all of Tenant's property at the Premises, ; (ii) to store Tenant's property in a public warehouse or elsewhere at the cost, risk, and expense of Tenant, without Landlord's being deemed guilty of trespass or becoming liable for any loss or damage damage, which may occur on Tenant's property, ; and (iii) upon ten thirty (1030) days' written notice to Tenant, which the parties agree is commercially reasonable, to sell at public or private sale any or all of said property, whether exempt or not from sale under execution or attachment (such property being deemed charged with a lien in favor of Landlord for all sums due hereunder), with the proceeds of sale to be applied: first, to the reasonable costs and expenses of retakingretaliating, removal, storage, preparing for sale, and sale of the property (including reasonable attorney's attorneys' fees); and second, to the payment of any sums sum due hereunder to Landlord (including Rent, Additional Rent, charges, and damages, both theretofore and thereafter accruing); and, third, any surplus to Tenant.

Appears in 1 contract

Samples: Lease Agreement (Osiris Therapeutics Inc)

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