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 terminates by reason of any default set forth in paragraph 14, and the Landlord reenters the Property as permitted herein, it is hereby agreed that the Tenant shall remain liable to pay in monthly payments the Rent and any other charges which shall accrue. The Tenant expressly agrees to pay as Landlords damages for such breach of this Lease the difference between the Rent herein and the rent received, if any, by the Landlord during the remainder of the unexpired term.

Appears in 2 contracts

Samples: Lease Agreement (Pharmacopeia Inc), Lease Agreement (Ligand Pharmaceuticals Inc)

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LIABILITY OF TENANT FOR DEFICIENCY. In the event that the relation of the Landlord and Tenant terminates by reason of any default set forth in paragraph 14, and the Landlord reenters the Property as permitted herein, it is hereby agreed that the Tenant shall remain liable to pay in monthly payments the Rent and any other charges which shall accrue. The Tenant expressly agrees to pay as Landlords Landlord’s damages for such breach of this Lease the difference between the Rent herein and the rent received, if any, by the Landlord Landlord, during the remainder of the unexpired term.

Appears in 2 contracts

Samples: Lease Agreement (Ligand Pharmaceuticals Inc), Lease Agreement (Pharmacopeia Inc)

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