Common use of Landlord's Election to Retake possession without Termination of Lease Clause in Contracts

Landlord's Election to Retake possession without Termination of Lease. Landlord may retake possession of the leased premises and shall have the right, but not the obligation, without being deemed to have accepted a surrender thereof, and without terminating this Lease, to relet the same for the remainder of the lease term upon terms and conditions satisfactory to Landlord; and if the rent received from such reletting does not at least equal the rent and other sums payable by Tenant hereunder, Tenant shall pay and satisfy the deficiency between the amount of rent and other sums so provided in this Lease and the rent received through reletting the leased premises; and, in addition, Tenant shall pay reasonable expenses in connection with any such reletting, including, but not limited to, the cost of renovating, altering, and decorating for any occupant, leasing commissions paid to any real estate broker or agent, and attorney's fees incurred.

Landlord's Election to Retake possession without Termination of Lease. Landlord may retake possession of the leased premises Premises and shall have the right, but not the obligation, without being deemed to have accepted a surrender thereof, and without terminating this Lease, to relet the same for the remainder of the lease term Term upon terms and conditions satisfactory to Landlord; and if the rent received from such reletting does not at least equal the rent Annual Rent and other sums payable by Tenant hereunder, Tenant shall pay and satisfy the deficiency between the amount of rent Annual Rent and other sums so provided in this Lease and the rent Annual Rent received through reletting the leased premisesPremises; and, in addition, Tenant shall pay reasonable expenses in connection with any such reletting, including, but not limited to, the cost of renovating, altering, and decorating for any occupantoccupancy, leasing commissions paid to any real estate broker or agent, and attorney's attorneys’ fees incurred.