Common use of Final Damages Clause in Contracts

Final Damages. If this Lease is terminated by Landlord as provided in Section 17.02(a), Landlord shall be entitled to recover from Tenant all Rent accrued and unpaid for the period up to and including such termination date, as well as all other additional sums payable by Tenant, or for which Tenant is liable or in respect of which Tenant has agreed to indemnify Landlord under any of the provisions of this Lease, which may be then owing and unpaid, and all reasonable costs and expenses, including court costs and attorneys' fees incurred by Landlord in the enforcement of its rights and remedies hereunder, and, in addition, Landlord shall be entitled to recover as damages for loss of the bargain and not as a penalty the aggregate sum which at the time of such termination represents the excess, if any, of the present value of the aggregate rents which would have been payable after the termination date had this Lease not been terminated, including, without limitation, Base Rent at the annual rate or respective annual rates for the remainder of the Term provided for in Article 2 of this Lease or elsewhere herein and the amount projected by Landlord to represent Rent Adjustments for the remainder of the Term pursuant to Article 3 of this Lease, over the then present value of the then aggregate fair rental value of the Premises for the balance of the Term, such present worth to be computed in each case on the basis of a five percent (5%) per annum discount from the respective dates upon which such rentals would have been payable hereunder had this Lease not been terminated, and (c) any damages in addition thereto, including reasonable attorneys' fees and court costs, which Landlord has sustained as a result of the breach of any of the covenants of this Lease other than for the payment of Rent.

Appears in 2 contracts

Samples: Office Lease (May & Speh Inc), Office Lease (May & Speh Inc)

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Final Damages. If this Lease is terminated by Landlord as provided in pursuant to Section 17.02(a17.2(a), Landlord shall be entitled to recover from Tenant all Rent accrued and unpaid for the period up to and including such termination date, as well as all other additional sums payable by Tenant, or for which Tenant is liable or in respect of for which Tenant has agreed to indemnify Landlord under any of the provisions of this Lease, which may be then owing and unpaid, and all reasonable costs and expenses, including court costs and attorneys' fees incurred by Landlord in the enforcement of its rights and remedies hereunder, and, in addition, Landlord shall be entitled to recover as damages for loss of the bargain and not as a penalty (a) the unamortized portion of any concessions offered by Landlord to Tenant in connection with this Lease, including without limitation Landlord's contribution to the cost of tenant improvements and alterations, if any, installed by either Landlord or Tenant pursuant to this Lease or any Work Letter, (b) the aggregate sum which at the time of such termination represents the excess, if any, of the present value of the aggregate rents which would have been payable after the termination date had this Lease not been terminated, including, without limitation, Base Rent at the annual rate or respective annual rates for the remainder of the Term provided for in Article 2 3 of this Lease or elsewhere herein and the amount projected by Landlord to represent Rent Adjustments for the remainder of the Term pursuant to Article 3 4 of this Lease, over the then present value of the then aggregate fair rental value of the Premises for the balance of the Term, such present worth to be computed in each case on the basis of a five four percent (54 %) per annum discount from the respective dates upon which such rentals would have been payable hereunder had this Lease not been terminated, and (c) any damages in addition thereto, including reasonable attorneys' fees and court costs, which Landlord has sustained sustains as a result of the breach of any of the covenants of this Lease other than for the payment of Rent.

Appears in 1 contract

Samples: Office Lease (Caladrius Biosciences, Inc.)

Final Damages. If this Lease Contract is terminated by Landlord as provided in Section 17.02(a)on account of an Event of Default, Landlord shall be entitled to recover from Tenant all Rent Rental accrued and unpaid for the period up to and including such termination date, as well as all other additional sums charges payable by Tenant, or for which Tenant is liable or in with respect of to which Tenant has agreed to indemnify Landlord under any of the provisions of this LeaseContract , which then may be then owing and unpaid, and all reasonable costs and expenses, including court costs and attorneys' fees incurred by Landlord in the enforcement of its rights and remedies hereunder, and, in . In addition, Landlord shall be entitled to recover as damages for loss of the bargain and not as a penalty (a) the unamortized portion of Landlord's contribution to the cost of improvements and betterments to the Premises, if any, installed by either Landlord or Tenant pursuant to this Contract , (b) the aggregate sum which at the time of such termination represents the excess, if any, of the present value of the aggregate rents Rental which would have been payable after the termination date had this Lease Contract not been terminated, including, without limitation, Base Rent at Rent, the annual rate or respective annual rates Percentage Rent, the Marketing and Advertising Contribution and the Common Area Expense Adjustment for the remainder of the Term provided for in Article 2 of this Lease or elsewhere herein and the amount projected by Landlord to represent Rent Adjustments for the remainder of the Term pursuant to Article 3 of this LeaseTerm, over the then present value of the then aggregate fair rental value of the Premises for the balance of the TermTerm (as determined by an independent real estate appraiser or broker chosen by Landlord), such present worth to be computed in each case on the basis of a five percent (5%) per annum an annual percentage discount equal to Prime Rate from the respective dates upon which such rentals would have been payable hereunder had this Lease Contract not been terminated, and (c) any damages in addition theretoadditional damages, including reasonable attorneys' fees and court costs, which Landlord has sustained as a result of the breach of any of the covenants of this Lease Contract other than for the payment of RentRental.

Appears in 1 contract

Samples: Concession Agreement

Final Damages. If this Lease is terminated by Landlord as provided in for by subparagraph (a) of Section 17.02(a)18.2, Landlord shall be entitled to recover from Tenant all Rent accrued and unpaid for the period up to and including such termination date, as well as all other additional sums payable by Tenant, Tenant or for which Tenant is liable or in respect of which Tenant has agreed to indemnify Landlord under any of the provisions of this Lease, which may be then owing and unpaid, and all reasonable costs and expenses, including court costs and attorneys' fees ’ fees, reasonably incurred by Landlord in the enforcement of its rights and remedies hereunder, and, in addition, Landlord shall be entitled to recover as damages for loss of the bargain and not as a penalty penalty: (a) the aggregate sum which at the time of such termination represents the excess, if any, of the present value of the aggregate rents which would have been payable after the termination date had this Lease not been terminated, including, without limitation, Base Rent at the annual rate or respective annual rates for the remainder of the Term provided for in Article 2 3 of this Lease or elsewhere herein and the amount projected by Landlord to represent Rent Adjustments for the remainder of the Term pursuant to Article 3 of this Leaseherein, over the then present value of the then aggregate fair rental value of the Premises for the balance of the Term, such present worth value to be computed in each case on the basis of a five percent (5%) per annum discount rate equal to the default rate of interest on the termination date (as described in Section 29.8 hereinbelow) from the respective dates upon which such rentals would have been payable hereunder had this Lease not been terminated, ; and (cb) any damages in addition thereto, including reasonable attorneys' fees and court costs, which Landlord has shall have sustained as a result by reason of the breach of any of the covenants of this Lease other than for the payment of Rent.

Appears in 1 contract

Samples: Lease (Morgans Hotel Group Co.)

Final Damages. If this Lease is terminated by Landlord as provided in pursuant to Section 17.02(a17.2(a), Landlord shall be entitled to recover from Tenant all Rent accrued and unpaid for the period up to and including such termination date, as well as all other additional sums payable by Tenant, or for which Tenant is liable or in respect of for which Tenant has agreed to indemnify Landlord under any of the provisions of this Lease, which may be then owing and unpaid, and all reasonable costs and expenses, including court costs and attorneys' fees incurred by Landlord in the enforcement of its rights and remedies hereunder, and, in addition, Landlord shall be entitled to recover as damages for loss of the bargain and not as a penalty (a) the unamortized portion of any concessions offered by Landlord to Tenant in connection with this Lease, including without limitation Landlord’s contribution to the cost of tenant improvements and alterations, if any, installed by either Landlord or Tenant pursuant to this Lease or any Work Letter, (b) the aggregate sum which at the time of such termination represents the excess, if any, of the present value of the aggregate rents which would have been payable after the termination date had this Lease not been terminated, including, without limitation, Base Rent at the annual rate or respective annual rates for the remainder of the Term provided for in Article 2 3 of this Lease or elsewhere herein and the amount projected by Landlord to represent Rent Adjustments for the remainder of the Term pursuant to Article 3 4 of this Lease, over the then present value of the then aggregate fair rental value of the Premises for the balance of the Term, such present worth to be computed in each case on the basis of a five four percent (54 %) per annum discount from the respective dates upon which such rentals would have been payable hereunder had this Lease not been terminated, and (c) any damages in addition thereto, including reasonable attorneys' fees and court costs, which Landlord has sustained sustains as a result of the breach of any of the covenants of this Lease other than for the payment of Rent. .

Appears in 1 contract

Samples: Office Lease (Regado Biosciences Inc)

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Final Damages. If this Lease is terminated by Landlord as provided in pursuant to Section 17.02(a17.2(a), Landlord shall be entitled to recover from Tenant all Rent accrued and unpaid for the period up to and including such termination date, as well as all other additional sums payable by Tenant, or for which Tenant is liable or in respect of for which Tenant has agreed to indemnify Landlord under any of the provisions of this Lease, which may be then owing and unpaid, and all reasonable costs and expenses, including court costs and attorneys' fees incurred by Landlord in the enforcement of its rights and remedies hereunder, and, in addition, Landlord shall be entitled to recover as damages for loss of the bargain and not as a penalty (a) the unamortized portion of any concessions offered by Landlord to Tenant in connection with this Lease, including without limitation Landlord’s contribution to the cost of tenant improvements and alterations, if any, installed by either Landlord or Tenant pursuant to this Lease or any Workletter, (b) the aggregate sum which at the time of such termination represents the excess, if any, of the present value of the aggregate rents which would have been payable after the termination date had this Lease not been terminated, including, without limitation, Base Rent at the annual rate or respective annual rates for the remainder of the Term provided for in Article 2 3 of this Lease or elsewhere herein and the amount projected by Landlord to represent Rent Adjustments for the remainder of the Term pursuant to Article 3 4 of this Lease, over the then present value of the then aggregate fair rental value of the Premises for the balance of the Term, such present worth to be computed in each case on the basis of a five four percent (54%) per annum discount from the respective dates upon which such rentals would have been payable hereunder had this Lease not been terminated, and (c) any damages in addition thereto, including reasonable attorneys' fees and court costs, which Landlord has sustained sustains as a result of the breach of any of the covenants of this Lease other than for the payment of Rent.

Appears in 1 contract

Samples: Office Lease (Careadvantage Inc)

Final Damages. If this Lease is terminated by Landlord as provided in pursuant to Section 17.02(a19.2(i), Landlord shall be entitled to recover from Tenant all Rent accrued and unpaid for the period up to and including such termination date, as well as all other additional sums payable by Tenant, or for which Tenant is liable or in respect of for which Tenant has agreed to indemnify Landlord under any of the provisions of this Lease, which may be then owing and unpaid, and all reasonable costs and expenses, including court costs and attorneys' fees incurred by Landlord in the enforcement of its rights and remedies hereunder, and, in addition, Landlord shall be entitled to recover as damages for loss of the bargain and not as a penalty the aggregate sum which at the time of such termination represents the excess, if any, of the present value of the aggregate rents which would have been payable after the termination date had this Lease not been terminated, including, without limitation, Base Basic Rent at the annual rate or respective annual rates for the remainder of the Term provided for in Article 2 Section 1.11 of this Lease or elsewhere herein and the amount projected by Landlord to represent Additional Rent Adjustments for the remainder of the Term pursuant to Article 3 IV of this LeaseLease (not including any Renewal Terms that have not yet been exercised by Tenant), over the then present value of the then aggregate fair rental value of the Premises for the balance of the TermTerm (not including any Renewal Terms that have not yet been exercised by Tenant), such present worth to be computed in each case on the basis of a five percent (5%) per annum discount in the amount of the rate of interest paid on ten (10) year U.S. Treasury Bonds which mature closest to the date that the Term of this Lease expires plus two percent (2%), from the respective dates upon which such rentals would have been payable hereunder had this Lease not been terminated. Notwithstanding anything to the contrary contained in this Lease, and (c) in no event shall Tenant be required to pay any consequential, punitive or exemplary damages in addition theretoconnection with this Lease, including reasonable attorneys' fees and court costs, which Landlord has sustained except as a result of the breach of any of the covenants of this Lease other than for the payment of Rentprovided in Section 21.2 below.

Appears in 1 contract

Samples: Office Lease (Taylor Capital Group Inc)

Final Damages. If this Lease is terminated by Landlord as provided in pursuant to Section 17.02(a), Landlord shall be entitled to recover from Tenant all Rent accrued and unpaid for the period up to and including such termination date, as well as all other additional sums payable by Tenant, or for which Tenant is liable or in respect of for which Tenant has agreed to indemnify Landlord under any of the provisions of this Lease, which may be then owing and unpaid, and all reasonable costs and expenses, including court costs and attorneys' fees incurred by Landlord in the enforcement of its rights and remedies hereunder, and, in addition, Landlord shall be entitled to recover as damages for loss of the bargain and not as a penalty the aggregate sum which at the time of such termination represents the excess, if any, of the present value of the aggregate rents which would have been payable after the termination date had this Lease not been terminated, including, without limitation, Base Rent at the annual rate or respective annual rates for the remainder of the Term provided for in Article 2 3 of this Lease or elsewhere herein and the amount projected by Landlord to represent Rent Adjustments for the remainder of the Term pursuant to Article 3 4 of this LeaseLease (not including any Option Periods that have not yet been exercised by Tenant), over the then present value of the then aggregate fair rental value of the Premises for the balance of the TermTerm (not including any Option Periods that have not yet been exercised by Tenant), such present worth to be computed in each case on the basis of a five percent (5%) per annum discount in the amount of the rate of interest paid on 10 year U.S. Treasury Bonds which mature closest to the date that the Term of this Lease expires plus two percent (2%), from the respective dates upon which such rentals would have been payable hereunder had this Lease not been terminated, and (c) any damages in addition thereto, including reasonable attorneys' fees and court costs, which Landlord has sustained as a result of the breach of any of the covenants of this Lease other than for the payment of Rent.

Appears in 1 contract

Samples: Office Lease (Taylor Capital Group Inc)

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