Common use of Landlord’s Right to Re-enter or Terminate Clause in Contracts

Landlord’s Right to Re-enter or Terminate. This Lease and the Term of this Lease and estate hereby granted are subject to the limitation that whenever an Event of Default shall have occurred and not be cured as provided herein, subject to Paragraph (i) of this Article 23 below, Landlord may, at Landlord’s option, elect to (i) re-enter the Leased Property, without notice, and remove all persons and property therefrom, either by summary proceedings or by any suitable action or proceeding at law, or otherwise, without being liable to indictment, prosecution or damages therefor, and may have, hold and enjoy the Leased Property, together with the appurtenances thereto and the improvements thereon; and/or (ii) terminate this Lease at any time by giving twenty (20) days’ notice in writing to Tenant, electing to terminate this Lease, and the Term of this Lease shall expire at the expiration of said last mentioned twenty (20) days’ notice as fully and completely as if said date were the date herein originally fixed for the expiration of the Term of this Lease hereby granted, and Tenant shall thereupon quit and peacefully surrender the Leased Property to Landlord, with all appurtenances thereto and all improvements thereon, without any payment therefor by Landlord, and Landlord, upon the expiration of said last mentioned twenty (20) days’ notice, or at any time thereafter, may re-enter the Leased Property as provided in the preceding clause (i).

Appears in 2 contracts

Samples: Lease Agreement (Gramercy Capital Corp), Lease Agreement (Gramercy Capital Corp)

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Landlord’s Right to Re-enter or Terminate. This Lease and the Term of this Lease and estate hereby granted are subject to the limitation that whenever an Event event of Default default shall have occurred and not be cured as provided herein, subject to Paragraph (i) of this Article 23 belowoccurred, Landlord may, at Landlord’s option, elect to (i) re-enter the Leased Property, without notice, and remove all persons and property therefrom, either by summary proceedings or by any suitable action or proceeding at law, or otherwise, without being liable to indictment, prosecution or damages therefor, and may have, hold and enjoy the Leased Property, together with the appurtenances thereto and the improvements thereon; and/or (ii) terminate this Lease at any time by giving twenty ten (2010) days’ days notice in writing to Tenant, electing to terminate this Lease, and the Term of this Lease shall expire at the expiration of said last mentioned twenty ten (2010) days’ days notice as fully and completely as if said date were the date herein originally fixed for the expiration of the Term of this Lease hereby granted, and Tenant shall thereupon quit and peacefully surrender the Leased Property to Landlord, with all appurtenances thereto and all improvements thereon, without any payment therefor by Landlord, and Landlord, upon the expiration of said last mentioned twenty ten (2010) days’ days notice, or at any time thereafter, may re-enter the Leased Property as provided in the preceding clause (i).

Appears in 1 contract

Samples: Lease Agreement (Gramercy Capital Corp)

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Landlord’s Right to Re-enter or Terminate. This Lease and the Term of this Lease and estate hereby granted are subject to the limitation that whenever an Event event of Default default shall have occurred and not be cured as provided herein, subject to Paragraph (i) of this Article 23 belowoccurred, Landlord may, at Landlord’s option, elect to (i) re-enter the Leased Property, without notice, and remove all persons and property therefrom, either by summary proceedings or by any suitable action or proceeding at law, or otherwise, without being liable to indictment, prosecution or damages therefor, and may have, hold and enjoy the Leased Property, together with the appurtenances thereto and the improvements thereon; and/or (ii) terminate this Lease at any time by giving twenty ten (2010) days’ days notice in writing to Tenant, electing to terminate this Lease, and the Term of this Lease shall expire at the expiration of said last mentioned twenty ten (2010) days’ days notice as fully and completely as if said date were the date herein originally fixed for the expiration of the Term of this Lease hereby granted, and Tenant shall thereupon quit and peacefully surrender the Leased Property to Landlord, with all appurtenances thereto and all improvements thereon, without any payment therefor by Landlord, and Landlord, upon the expiration of said last mentioned twenty ten (2010) days’ days notice, or at any time thereafter, may re-enter the Leased Property as provided in the preceding clause (i).. PID #_______________

Appears in 1 contract

Samples: Lease Agreement (Gramercy Capital Corp)

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