Common use of Lease Termination Damages Clause in Contracts

Lease Termination Damages. If Landlord terminates the Lease pursuant to Section 13A, Tenant shall pay to Landlord all Rent due on or before the date of termination, plus Landlord's reasonable estimate of the aggregate Rent (excluding Landlord's Additional Contribution, as defined in Appendix C hereto) that would have been payable from the date of termination through the Termination Date, reduced by the rental value of the Premises calculated as of the date of termination for the same period, taking into account anticipated vacancy prior to reletting, reletting expenses and market concessions, both discounted to present value at the rate of five percent (5%) per annum, plus 100% of the then unpaid principal balance of the Additional Landlord's Contribution. If Landlord shall relet any part of the Premises for any part of such period before the present value amount described in the preceding sentence shall have been paid by Tenant or finally determined by a court, then the amount of Rent payable pursuant to such reletting (taking into account vacancy prior to reletting and any reletting expenses or concessions) shall be deemed to be the reasonable rental value for that portion of the Premises relet during the period of the reletting.

Appears in 1 contract

Samples: Lease (Microvision Inc)

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Lease Termination Damages. If Landlord terminates the Lease pursuant to this Section 13A13, Tenant shall pay to Landlord all Rent due on or before the date of termination, plus Landlord's ’s reasonable estimate of the aggregate Rent (excluding Landlord's Additional Contribution, as defined in Appendix C hereto) that would have been payable from the date of termination through the Termination Date, reduced by the fair market rental value of the Premises calculated as of the date of termination for the same period, taking into account anticipated vacancy prior to reletting, reasonable and customary reletting expenses and market concessions, both discounted to present value at the rate of five eight percent (58%) per annum, plus 100% of the then unpaid principal balance of the Additional Landlord's Contribution. If Landlord shall relet any part of the Premises for any part of such period before the such present value amount described in the preceding sentence shall have been paid by Tenant or finally determined by a courtcourt and Landlord used reasonable efforts to obtain a fair rental value in such reletting, then the amount of Rent payable pursuant to such reletting (taking into account vacancy prior to reletting and any reasonable reletting expenses or concessions) shall be deemed to be the reasonable rental value for that portion of the Premises relet during the period of the reletting.

Appears in 1 contract

Samples: Lease (Pervasive Software Inc)

Lease Termination Damages. If Landlord terminates the Lease pursuant to Section 13ALease, Tenant shall pay to Landlord all Rent due on or before the date of termination, plus Landlord's reasonable estimate of the aggregate Rent (excluding Landlord's Additional Contribution, as defined in Appendix C hereto) that would have been payable from the date of termination through the Termination Date, reduced by the rental value of the Premises calculated as of the date of termination for the same period, taking into account anticipated vacancy prior to reletting, reletting expenses and market concessions, both discounted to present value at the rate of five seven percent (57%) per annum, plus 100% of the then unpaid principal balance of the Additional Landlord's Contribution. If Landlord shall relet any part of the Premises for any part of such period before the such present value amount described in the preceding sentence shall have been paid by Tenant or finally determined by a court, then the amount of Rent payable pursuant to such reletting (taking into account vacancy prior to reletting and any reletting expenses or concessions) shall be deemed to be the reasonable rental value for that portion of the Premises relet during the period of the reletting. Landlord agrees to use reasonable efforts to relet the Premises and otherwise mitigate any damages arising out of Tenant's default.

Appears in 1 contract

Samples: Lease (Netsolve Inc)

Lease Termination Damages. If Landlord terminates the Lease pursuant to Section 13ALease, Tenant shall pay to Landlord all Rent due on or before the date of termination, plus Landlord's reasonable estimate of the aggregate Rent (excluding Landlord's Additional Contribution, as defined in Appendix C hereto) that would have been payable from the date of termination through the Termination Date, reduced by the rental value of the Premises calculated as of the date of termination for the same period, taking into account anticipated vacancy prior to reletting, reletting expenses and market concessions, both discounted to present value at the rate of five ten percent (510%) per annum, plus 100% of the then unpaid principal balance of the Additional Landlord's Contribution. If Landlord shall relet any part of the Premises for any part of such period before the such present value amount described in the preceding sentence shall have been paid by Tenant or finally determined by a court, then the amount of Rent payable pursuant to such reletting (taking into account vacancy prior to reletting and any reletting expenses or concessions) shall be deemed to be the reasonable rental value for that portion of the Premises relet during the period of the reletting. Any leasing costs associated with the reletting of the Premises shall be prorated to the extent that the term of the reletting extends beyond the date on which this Lease would have expired but for the termination under this Section 13.2.

Appears in 1 contract

Samples: Office Lease (Xedar Corp)

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Lease Termination Damages. If Landlord terminates the Lease pursuant to Section 13ALease, Tenant shall pay to Landlord a sum equal to all Rent due on or before rent accrued up to and including the date of termination, plus Landlord's reasonable estimate of the aggregate Rent (excluding Landlord's Additional Contribution, as defined in Appendix C hereto) that would have been payable from the date of termination through the Termination Date, reduced by the rental value of the Premises calculated as of the date of termination for the same period, taking into account anticipated vacancy prior to reletting, reletting expenses and market concessions, both discounted to present value at the rate of five percent (5%) per annum, plus 100% of . All such amounts shall be then immediately due and payable upon the then unpaid principal balance of the Additional Landlord's Contributiontermination. If Landlord shall relet any part of the Premises for any part of such period before the such present value amount described in the preceding sentence shall have been paid by Tenant or finally determined by a court, then the amount of Rent payable pursuant to such reletting (taking into account vacancy prior to reletting and any reletting expenses or any concessions) shall be deemed to be the reasonable rental value for that portion of the Premises relet during the period of the reletting.

Appears in 1 contract

Samples: Lease Agreement (Concord Camera Corp)

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