Common use of Lessor’s Remedies Clause in Contracts

Lessor’s Remedies. If any of the foregoing items are not removed from the Premises by the conclusion of the Lease or when Lessor has the right of re-entry, then Lessor may, at its sole option, elect any or all the following remedies: a. To remove any or all the items and to dispose of them without liability to Lessee. Lessor shall not be required to mitigate its damages, to dispose of the items in a commercially reasonable manner, or to make any effort whatsoever to obtain payment for such items. Xxxxxx agrees to pay Lessor’s costs and damages associated with Xxxxxx’s failure to remove such items, including, but not limited to, the following: storage, demolition, removal, transportation and lost rent (collectively “Disposal Costs”); provided, however, that any net proceeds recovered by Lessor in excess of its Disposal Costs will be deducted from Lessee’s financial obligation set forth herein. Lessee’s financial obligations herein shall survive the termination of this Lease. b. To have the title to any or all such items revert to Lessor. c. To commence suit against Lessee for damages or for specific performance. The foregoing remedies are cumulative and in addition to any other remedies provided by law, and Lessor shall not be required to elect its remedies.

Appears in 6 contracts

Samples: Commercial Lease, Commercial Lease, Commercial Lease

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Lessor’s Remedies. If any of the foregoing items are not removed from the Premises by the conclusion of the Lease or when Lessor has the right of re-entry, then Lessor may, at its sole option, elect any or all the following remedies: a. To remove any or all the items and to dispose of them without liability to Lessee. Lessor shall not be required to mitigate its damages, to dispose of the items in a commercially reasonable manner, or to make any effort whatsoever to obtain payment for such items. Xxxxxx Lessee agrees to pay Lessor’s costs and damages associated with XxxxxxLessee’s failure to remove such items, including, but not limited to, the following: storage, demolition, removal, transportation and lost rent (collectively “Disposal Costs”); provided, however, that any net proceeds recovered by Lessor in excess of its Disposal Costs will be deducted from Lessee’s financial obligation set forth herein. Lessee’s financial obligations herein shall survive the termination of this Lease. b. To have the title to any or all such items revert to Lessor. c. To commence suit against Lessee for damages or for specific performance. The foregoing remedies are cumulative and in addition to any other remedies provided by law, and Lessor shall not be required to elect its remedies.

Appears in 2 contracts

Samples: Monthly T Hangar Lease Agreement, Monthly Aircraft Tie Down Lease Agreement

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Lessor’s Remedies. If any of the foregoing items are not removed from the Premises by the conclusion of the Lease or when Lessor has the right of re-entry, then Lessor may, at its sole option, elect any or all the following remedies: a. To remove any or all the items and to dispose of them without liability to Lessee. Lessor shall not be required to mitigate its damages, to dispose of the items in a commercially reasonable manner, or to make any effort whatsoever to obtain payment for such items. Xxxxxx agrees to pay Lessor’s costs and damages associated with Xxxxxx’s failure to remove such items, including, but not limited to, the following: storage, demolition, removal, transportation transportation, and lost rent (collectively “Disposal Costs”); provided, however, that any net proceeds recovered by Lessor in excess of its Disposal Costs will be deducted from Lessee’s financial obligation set forth herein. Lessee’s financial obligations herein shall survive the termination of this Lease.; b. To have the title to any or all such items revert to Lessor.; and/or c. To commence suit against Lessee for damages or for specific performance. The foregoing remedies are cumulative and in addition to any other remedies provided by law, and Lessor shall not be required to elect its remedies.

Appears in 1 contract

Samples: Commercial Property Lease

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