Landlord’s Damages. If Landlord so terminates the Lease, Tenant shall pay Landlord, as damages: (a) A sum which represents any excess of (i) the aggregate of the rent, impositions and additional rent for the balance of the term if the Lease were not so terminated, over (ii) the net rental value of the demised premises at the effective date of such termination, both discounted at the rate of four (4) percent per annum; or, at Landlord's option, (b) Sums equal to the rent, impositions and additional rent, when the same would have been payable if not for such termination, less any net rents received by Landlord from any reletting, after deducting all costs incurred in connection with such termination and reletting (but Tenant shall not receive any excess of such net rents over such sums). Landlord may commence actions or proceedings to recover such damages or installments thereof at any lawful time. No provision hereof shall be construed to preclude Landlord's recovery from Tenant of any other damages to which landlord is lawfully entitled.
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Samples: Lease Agreement (Inter Parfums Inc), Lease Agreement (Jean Philippe Fragrances Inc)
Landlord’s Damages. If Landlord so terminates the Lease, Tenant shall pay Landlord, as damages:
(a) A sum which represents any excess of (i) the aggregate of the rent, impositions and additional rent for the balance of the term if the Lease were not so terminated, over (ii) the net rental value of the demised premises Demised Premises at the effective date of such termination, both discounted at the rate of four (4) percent per annum; or, at Landlord's option,;
(b) Sums equal to the rent, impositions and additional rent, when the same would have been payable if not for such termination, termination less any net rents impositions or additional rent received by Landlord from any reletting, after deducting all costs incurred in connection with such termination and reletting (but Tenant shall not receive any excess of such net rents over such sums). Landlord may commence actions or proceedings to recover such damages or installments thereof at any lawful time. No provision provisions hereof shall be construed to preclude Landlord's recovery from Tenant of any other damages to which landlord Landlord is lawfully entitled.
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Samples: Lease (Viewcast Com Inc)
Landlord’s Damages. If Landlord so terminates the Lease, Tenant shall pay Landlord, as damages:
(a) A sum which represents any excess of (i) the aggregate of the rent, impositions and additional rent for the balance of the term if the Lease were not so terminated, over (ii) the net rental value of the demised premises at the effective date of such termination, both discounted at the rate of four (4) percent per annum; or, at Landlord's ’s option,
(b) Sums equal to the rent, impositions and additional rent, when the same would have been payable if not for such termination, less any net rents received by Landlord from any reletting, after deducting all costs incurred in connection with such termination and reletting (but Tenant shall not receive any excess of such net rents over such sums). Landlord may commence actions or proceedings to recover such damages or installments thereof at any lawful time. No provision hereof shall be construed to preclude Landlord's ’s recovery from Tenant of any other damages to which landlord is lawfully entitled.
Appears in 1 contract
Samples: Lease Agreement (Inter Parfums Inc)
Landlord’s Damages. If Landlord so terminates the Lease, Tenant shall pay Landlord, as damages:
(ai) A sum which represents any excess of (i) the aggregate of the rent, impositions and additional rent for the balance of the term if the Lease were not so terminated, over (ii) the net rental value of the demised premises at the effective date of such termination, both discounted at the rate of four (4) percent per annum; or, at Landlord's option,;
(bii) Sums equal to the rent, impositions and additional rent, when the same would have been payable if not for such termination, less any net rents received by Landlord from any reletting, after deducting all costs incurred in connection with such termination and reletting (but Tenant shall not receive any excess of such net rents over such sums). Landlord may commence actions or proceedings to recover such damages or installments thereof at any lawful time. No provision hereof shall be construed to preclude Landlord's recovery from Tenant of any other damages to which landlord is lawfully entitled.
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Landlord’s Damages. A. If Landlord so terminates the Lease, Tenant shall pay Landlord, as damages:
(a) i. A sum which represents any excess of (i) the aggregate of the rent, impositions and additional rent for the balance of the term Term if the Lease were not so terminated, over (ii) the net rental value of the demised premises Premises at the effective date of such termination, both discounted at the rate of four (4) percent 1% per annummonth; or, at Landlord's option,
(b) ii. Sums equal to the rent, impositions and additional rent, when the same would have been payable if not for such termination, less any net rents received by Landlord from any reletting, after deducting all costs incurred in connection with such termination and reletting (but Tenant shall not receive any excess of such net rents over such sums). Brokerage fees and reasonable legal fees incurred by the Landlord may commence actions in re-letting the Premises and the costs of repairing or proceedings doing construction necessary to recover such damages subdivide for any new tenant or installments thereof at any lawful time. No provision hereof tenants shall be construed deemed to preclude Landlord's recovery from Tenant of any other damages to which landlord is lawfully entitledbe costs incurred in re-letting.
Appears in 1 contract
Samples: Lease (Americas Shopping Mall Inc)