Common use of LIABILITY OF TENANT FOR DEFICIENCY Clause in Contracts

LIABILITY OF TENANT FOR DEFICIENCY. In the event that the relation of the Landlord and Tenant may cease or terminate by reason of the default by the Tenant and the re-entry of the Landlord as permitted by the terms and conditions contained in this lease or by the ejectment of the Tenant by summary proceedings or other judicial proceedings, it is hereby agreed that the Tenant shall remain liable to pay in monthly payments the rent which shall accrue subsequent to the re-entry by the Landlord, and the Tenant expressly agrees to pay as damages for the breach of the covenants herein contained the difference between the rent reserved and the rent collected and received, if any, by the Landlord, during the remainder of the unexpired term, as the amount of such difference or deficiency shall from time to time be ascertained.

Appears in 1 contract

Samples: Lease Agreement (Multilink Technology Corp)

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LIABILITY OF TENANT FOR DEFICIENCY. In the event that the relation of the Landlord and Tenant may cease or terminate by reason of the default by the Tenant and the re-entry of the Landlord as permitted by the terms and conditions contained in this lease Lease or by the ejectment of the Tenant by summary proceedings or other judicial proceedings, or after the abandonment of the Leased Premises by Tenant, it is hereby agreed that the Tenant shall remain liable to pay in monthly payments the rent which shall accrue subsequent to the re-entry by the Landlord, and the Tenant expressly agrees to pay as damages for the breach of the covenants herein contained the difference between the rent reserved and the rent collected and received, if any, by the Landlord, during the remainder of the unexpired term, as the amount of such difference or deficiency shall from time to time be ascertained.

Appears in 1 contract

Samples: Lease Agreement (Boron Lepore & Associates Inc)

LIABILITY OF TENANT FOR DEFICIENCY. In the event that the relation of the Landlord and Tenant may cease or terminate by reason of the default by the Tenant and the re-entry of the Landlord as permitted by the terms and conditions contained in this lease Lease or by the ejectment of the Tenant by summary proceedings or other judicial proceedings, it is hereby agreed that or after the abandonment of the Leased Premises by Tenant, Tenant shall remain liable to pay in monthly payments the rent Rent which shall accrue subsequent to the re-entry by the Landlord, and the Tenant expressly agrees to pay as damages for the breach of the covenants herein contained the difference between the rent Rent reserved and the rent collected and received, if any, by the Landlord, during the remainder of the unexpired termTerm, as the amount of such difference or deficiency shall from time to time be ascertained.

Appears in 1 contract

Samples: Lease Agreement (Majesco Holdings Inc)

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LIABILITY OF TENANT FOR DEFICIENCY. In the event that the relation of the Landlord and Tenant may cease or terminate by reason of the default by the Tenant and the re-entry of the Landlord as permitted by the terms and conditions contained in this lease or by the ejectment of the Tenant by summary proceedings or other judicial proceedings, or after the abandonment of the Leased Premises by Tenant, it is hereby agreed that the Tenant shall remain liable to pay in monthly payments the rent which shall accrue subsequent to the re-entry by the Landlord, and the Tenant expressly agrees to pay as damages for the breach of the covenants herein contained the difference between the rent reserved and the rent collected and received, if any, by the Landlord, during the remainder of the unexpired term, as the amount of such difference or deficiency shall from time to time be ascertained.

Appears in 1 contract

Samples: Lease Agreement (Lifecell Corp)

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