Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 7 contracts
Samples: Office Lease (Deja Foods Inc), Office Lease (Deja Foods Inc), Commercial Lease (Powersource Corp)
Mitigation of Damages. If Landlord terminates this Lease or Upon termination of Tenant's ’s right to possession of possess the Premises, Landlord shall have no obligation to mitigate Landlord's damages except shall, only to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesLaw, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required use objectively reasonable efforts to mitigate damages as provided herein: (i) by reletting the Premises. Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate do so if Landlord refuses to lease the Premises to a prospective new tenant with respect to whom Landlord would be entitled to withhold its consent pursuant to Section 11.A, or who (1) is an Affiliate, parent or subsidiary of Tenant; (2) is not acceptable to any Mortgagee of Landlord; (3) requires improvements to the Premises to be made at Landlord’s expense; or (4) is unwilling to accept lease terms then proposed by Landlord, including: (a) leasing for a shorter or longer term than remains under this Lease; (b) re-configuring or combining the Premises with other space, (c) taking all or only a part of the Premises; and/or (d) changing the use of the Premises. Notwithstanding Landlord’s duty to mitigate its affiliates lease damages as provided herein, Landlord shall not be obligated (i) to give any other portions priority to reletting Tenant’s space in connection with its leasing of space in the Building or other projects owned by Landlord any complex of which the Building is a part, or its affiliates in (ii) to accept below market rental rates for the same geographic area, before reletting all Premises or any portion of rate that would negatively impact the Premises, and (iii) any failure market rates for the Building. To the extent that Landlord is required by applicable Law to mitigate as described herein with respect to any period of time shall only reduce the Rent damages, Tenant must plead and other amounts to which Landlord is entitled hereunder prove by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates clear and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant convincing evidence that Landlord failed to so mitigate Landlord's damagesin accordance with the provisions of this Section 19.D, and that such failure resulted in an avoidable and quantifiable detriment to Tenant.
Appears in 6 contracts
Samples: Office Lease (GP Investments Acquisition Corp.), Office Lease (Aeglea BioTherapeutics, Inc.), Office Lease (Rimini Street, Inc.)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's ’s right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's ’s damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's ’s right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord's ’s published rates for new leases of comparable space at the Building at the time in question, or at Landlord's ’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages.
Appears in 4 contracts
Samples: Office Lease (Barfresh Food Group Inc.), Office Lease (Derycz Scientific Inc), Office Lease (Placer Sierra Bancshares)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's ’s right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's ’s damages except to the extent required by applicable lawLaw. If Landlord has not terminated this Lease or Tenant's ’s right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (ia) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (iib) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, ; and (iiic) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord's ’s published rates for new leases of comparable space at the Building at the time in question, or (at Landlord's ’s option, ) below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages.
Appears in 3 contracts
Samples: Lease Agreement (JMP Group LLC), Lease Agreement (FusionStorm Global, Inc.), Lease Agreement (Plumtree Software Inc)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation agrees to mitigate Landlord's its damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided hereinfollowing extent: (ia) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (iib) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iiic) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 2 contracts
Samples: Office Lease (Treaty Oak Bancorp Inc), Office Lease (Treaty Oak Bancorp Inc)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's damages except Except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have is under no obligation affirmative duty to maximize the rent collected from any replacement tenant or otherwise mitigate Landlord’s damages arising from an Event of Default by Tenant and Tenant, except to the extent prohibited by law, waives any legal or equitable right or defense that Landlord mitigate its damages after a default by Tenant. In the event that applicable law prohibits or restricts such waiver of Landlord’s duty to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: its damages, Tenant agrees that (i) Landlord shall be required only will have satisfied its obligation to use reasonable efforts mitigate damages if Landlord endeavors, in good faith, to mitigate, which shall not exceed such efforts as Landlord generally uses to re-lease other space in the BuildingPremises, (ii) Landlord will not be deemed required to have failed give preference to mitigate if Landlord the Premises over other vacant space in the Project or its affiliates lease any other portions of the Building property owned or other projects owned controlled by Landlord or its any affiliates in the same geographic areathereof, before reletting all or any portion of the Premises, and (iii) Landlord may reject any failure prospective tenant who, in Landlord’s reasonable discretion, is disreputable, whose business does not enhance the Project, who does not have sufficient business experience, or who lacks the financial ability to mitigate as described herein with respect perform the tenant’s obligations under Landlord’s then current offered lease terms, (iv) under no circumstances shall Landlord be required or obligated to relet or attempt to relet the Premises for any period of time shall only reduce beyond the Rent then applicable Termination Date, and other amounts (v) Landlord may reject any offer to which Landlord is entitled hereunder by the reasonable rental value of lease the Premises during such period. In recognition that at a rate which is less than the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates rate being charged for new leases of comparable space at in the Building at the time in question, Project or at Landlord's option, below the rates provided in this Lease, or containing on terms that are less favorable than those contained herein, shall in this Lease or which (in Landlord’s reasonable discretion) is not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damagesin the best interests of the Project.
Appears in 2 contracts
Samples: Lease Agreement (Peloton Therapeutics, Inc.), Lease Agreement (Peloton Therapeutics, Inc.)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's ’s right to possession of the Premisespossession, Landlord shall have no obligation use reasonable efforts to mitigate Landlord's damages except ’s damages, and Tenant may submit proof of such failure to mitigate as a defense to Landlord’s claims for Rent, subject to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided hereinfollowing clarifications: (i) Landlord shall not be required only to use reasonable greater efforts to mitigate, which shall not exceed such efforts as or lower standards than Landlord generally uses to lease other space in at the BuildingProperty, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Property or other projects owned by Landlord or its affiliates in the same geographic area, vicinity before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to during any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In period taking into account the factors described in clause B(1) above, (iv) in recognition that the value of the Building Property depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord's ’s published rates for new leases of comparable space at the Building Property at the time in question, or at Landlord's ’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise constitute a failure to a claim by Tenant that mitigate, and (v) until Landlord failed terminates this Lease or Tenant’s right to possession, Landlord shall have no obligation to mitigate Landlord's damagesand may permit the Premises to remain vacant or abandoned; in such case, Tenant may seek to mitigate damages by attempting to sublease the Premises or assign this Lease pursuant to Article 13.
Appears in 2 contracts
Samples: Office Lease (Chimerix Inc), Office Lease (Chimerix Inc)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's ’s right to possession of the Premisespossession, Landlord shall have no obligation use reasonable efforts to mitigate Landlord's damages except ’s damages, and Tenant may submit proof of such failure to mitigate as a defense to Landlord’s claims for Rent, subject to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided hereinfollowing clarifications: (i) Landlord shall not be required only to use reasonable greater efforts to mitigate, which shall not exceed such efforts as or lower standards than Landlord generally uses to lease other space in at the BuildingProperty, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Property or other projects owned by Landlord or its affiliates in the same geographic area, vicinity before reletting all or any portion of the Premises, and provided that Landlord shall not discriminate against the Premises in its re-letting efforts, (iii) any failure to mitigate as described herein with respect to during any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In period taking into account the factors described in clause B(1) above, (iv) in recognition that the value of the Building Property depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates the then-current fair market rent for new leases of comparable space at the Building at the time in questionProperty, or at as reasonably determined by Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise constitute a failure to a claim by Tenant that mitigate, and (v) until Landlord failed terminates this Lease or Tenant’s right to possession, Landlord shall have no obligation to mitigate Landlord's damagesand may permit the Premises to remain vacant or abandoned; in such case, Tenant may seek to mitigate damages by attempting to sublease the Premises or assign this Lease pursuant to Article 13.
Appears in 2 contracts
Samples: Lease Agreement (Aldagen Inc), Lease Agreement (Aldagen Inc)
Mitigation of Damages. If Landlord terminates this Lease or --------------------- Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (ia) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (iib) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all the Premises or any portion of the Premises, and (iiic) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends is dependent on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Building, Project or other projects owned by Landlord or its affiliates in the int he same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an any offer of or rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Samples: Sublease Agreement (Advanced Aerodynamics & Structures Inc/)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of Notwithstanding the Premisesforegoing, Landlord shall have no obligation to mitigate Landlord's damages except to the extent Landlord is required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation law to mitigate under any circumstances and may permit damages, or is required by law to use efforts to do so, Tenant agrees that if Landlord markets the Premises in a manner substantially similar to remain vacant or abandoned. If the manner in which Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease markets other space in the Building, then Landlord shall be deemed to have used commercially reasonable efforts to mitigate damages. Tenant shall continue to be liable for all Rent (iiwhether accruing prior to, on or after the date of termination of this Lease or Tenant’s right of possession and/or pursuant to the holdover provisions of Section 22.2 below) and Damages, except to the extent that Tenant pleads and proves by clear and convincing evidence that Landlord will fails to exercise commercially reasonable efforts to mitigate damages to the extent required under this Section 20.3 and that Landlord’s failure caused an avoidable and quantifiable increase in Landlord’s damages for unpaid Rent. Without limitation to the foregoing, Landlord shall not be deemed to have failed to mitigate if damages, or to have failed to use efforts required by law to do so, because: (i) Landlord leases other space in the Building which is vacant prior to re-letting the Premises; (ii) Landlord refuses to relet the Premises to any Related Entity of Tenant, or any principal of Tenant, or any Related Entity of such principal; (iii) Landlord refuses to relet the Premises to any person or entity whose creditworthiness is not acceptable to Landlord in the exercise of its affiliates lease reasonable discretion; (iv) Landlord refuses to relet the Premises to any person or entity because the use proposed to be made of the Premises by such prospective tenant is not general office use of a type and nature consistent with that of the other tenants in the portions of the Building leased or held for lease for general office purposes as of the date Tenant defaults under this Lease (by way of illustration, but not limitation, call center or other projects owned by high-density use, government offices, consular offices, doctor’s offices or medical or dental clinics or laboratories, or schools would not be uses consistent with that of other tenants in the Building), or such use would, in Landlord’s reasonable judgment, impose unreasonable or excessive demands upon the Building systems, equipment or facilities; (v) Landlord refuses to relet the Premises to any person or entity, or any affiliate of such person or entity, who has been engaged in litigation with Landlord or any of its affiliates affiliates; (vi) Landlord refuses to relet the Premises because the tenant or the terms and provisions of the proposed lease are not approved by the holders of any liens or security interests in the same geographic areaBuilding, before reletting all or would cause Landlord to be in default of, or to be unable to perform any portion of its covenants or obligations under, any agreements between Landlord and any third party; (vii) Landlord refuses to relet the Premises because the proposed tenant is unwilling to execute and deliver Landlord’s standard lease form with modifications reasonably acceptable to Landlord or such tenant requires improvements to the Premises to be paid at Landlord’s cost and expense; (viii) Landlord refuses to relet the Premises to a person or entity whose character or reputation, or the nature of such prospective tenant’s business, would not be acceptable to Landlord in its reasonable discretion; (ix) Landlord refuses to expend any material sums of money to market the Premises in excess of the Premisessums Landlord typically expends in connection with the marketing of other space in the Building. As used in this Section 20.3, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord an “affiliate” means a person or entity that controls, is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in questioncontrolled by, or at Landlord's option, below the rates provided in this Lease, is under common control with another person or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damagesentity.
Appears in 1 contract
Samples: Office Lease (Zscaler, Inc.)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right Except to the extent required by applicable law, if Tenant has not unconditionally surrendered possession of the PremisesPremises to Landlord, Landlord shall will have no obligation to mitigate Landlord's damages except to the extent required by applicable lawdamages. If Landlord has not terminated this Lease or terminates Tenant's right to possession but does not terminate this Lease or if Tenant unconditionally surrenders possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord, Landlord is required will use reasonable efforts to mitigate its damages as provided hereinfollows: (i) Landlord shall will be required only to use only reasonable efforts to mitigate, which shall will not exceed such efforts as Landlord generally uses to lease other space in the Building, ; (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease leases any other portions portion of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord's ’s published rates for new leases of comparable space at in the Building at the time in question, or at Landlord's ’s option, below the rates provided in this Lease, or containing terms materially less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Upon termination of Tenant's ’s right to possession of possess the Premises, Landlord shall have no obligation to mitigate Landlord's damages except shall, only to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesLaw, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required use objectively reasonable efforts to mitigate damages as provided herein: (i) by reletting the Premises. Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate do so if Landlord refuses to lease the Premises to a prospective new tenant with respect to whom Landlord would be entitled to withhold its consent pursuant to Section 11(A), or who (1) is an Affiliate, parent or subsidiary of Tenant; (2) is not acceptable to any Mortgagee of Landlord; (3) requires improvements to the Premises to be made at Landlord’s expense; or (4) is unwilling to accept lease terms then proposed by Landlord, including: (a) leasing for a shorter or longer term than remains under this Lease; (b) re-configuring or combining the Premises with other space, (c) taking all or only a part of the Premises; and/or (d) changing the use of the Premises. Notwithstanding Landlord’s duty to mitigate its affiliates lease damages as provided herein, Landlord shall not be obligated (i) to give any other portions priority to reletting Tenant’s space in connection with its leasing of space in the Building or other projects owned by Landlord any complex of which the Building is a part, or its affiliates in (ii) to accept below market rental rates for the same geographic area, before reletting all Premises or any portion of rate that would negatively impact the Premises, and (iii) any failure market rates for the Building. To the extent that Landlord is required by applicable Law to mitigate as described herein with respect to any period of time shall only reduce the Rent damages, Tenant must plead and other amounts to which Landlord is entitled hereunder prove by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates clear and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant convincing evidence that Landlord failed to so mitigate Landlord's damagesin accordance with the provisions of this Section 19(D), and that such failure resulted in an avoidable and quantifiable detriment to Tenant.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Building, Project or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.the
Appears in 1 contract
Samples: Industrial Lease (Brightpoint Inc)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's ’s right to possession of the Premisespossession, Landlord shall have no obligation to mitigate Landlord's damages ’s damages, except to the extent required by applicable lawLaw. If Landlord has not terminated this Lease or Tenant's ’s right to possession of the Premisespossession, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned; in such case, Tenant may seek to mitigate damages by attempting to sublease the Premises or assign this Lease pursuant to Article 13. If Landlord is required to mitigate damages as provided hereindamages: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in at the BuildingProperty, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Property or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period, taking into account the factors described in clause B(1) above. In recognition that the value of the Building Property depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord's ’s published rates for new leases of comparable space at the Building Property at the time in question, or at Landlord's ’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages.
Appears in 1 contract
Samples: Office Lease (Pixelworks Inc)
Mitigation of Damages. Landlord shall have the remedies provided under California Civil Code, Section 1951.4, as the same may be modified or replaced hereafter (Landlord may continue the Lease in effect after Tenant's breach and abandonment and recover Rent as it becomes due, if Tenant has right to sublet or assign subject only to reasonable limitations). If Landlord terminates this Lease or Tenant's right to possession of the PremisesLease, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided hereinby applicable Law: (i) Landlord shall be required only only, to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the BuildingPremises, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Premises or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period, taking into account the factors described in clause B(l) above. In recognition that the value of the Building Premises depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building Premises at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premisespossession, Landlord shall have no obligation to mitigate Landlord's damages damages. except to the extent required by applicable lawLaw. If If' Landlord has not terminated this Lease or Tenant's right to possession of the Premises, possession. Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned: in such case. Tenant may seek to mitigate damages by attempting to sublease the Premises or assign this Lease pursuant to Article 13. If Landlord is required to mitigate damages as provided hereindamages: (i) Landlord shall be required only to use reasonable efforts to mitigate, . which shall not exceed such efforts as Landlord generally uses to lease other space in at the BuildingOffice Parcel, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Office Parcel or other projects owned by Landlord or its affiliates in the same geographic area, . before reletting all or any portion of the Premises, . and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. taking into account the factors described in clause B(1) above. In recognition that the value of the Building Office Parcel depends on the rental rates and terms of leases therein, . Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building Office Parcel at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, . shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's ’s right to possession of the Premisespossession, Landlord shall have no obligation Landlord’s duty to mitigate Landlord's its damages except under this Lease shall be limited to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided hereinfollowing: (i1) Landlord shall be required only to use commercially reasonable efforts to mitigate, which shall not exceed such efforts as Landlord or its affiliates generally uses to lease other space in within the Buildingmarket area where the Building is located (“Landlord’’s Other Space”), (ii2) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease leases any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, Landlord’s Other Space before reletting all or any portion of the Leased Premises, and (iii3) any failure Landlord shall not be deemed to have failed to mitigate as described herein with respect if it reasonably incurs costs and expenses for repairs, maintenance, changes, alterations, and improvements to the Leased Premises (whether to prevent damage or to prepare the Leased Premises for reletting), brokerage commissions, advertising costs, reasonable attorneys’ fees, any period economic incentives given to replacement tenants, and costs of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such periodcollecting rent from replacement tenants. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals substantially below Landlord's ’s published rates for new leases of comparable space at the Building at the time in questionLandlord’s Other Space, or at Landlord's ’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages. Tenant shall bear the burden of proving Landlord’s failure to mitigate.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of Notwithstanding the Premisesforegoing, Landlord shall have no obligation to mitigate Landlord's damages except to the extent (but no further) Landlord is required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation law to mitigate under any circumstances damages, or is required by law to use efforts to do so, and may permit such requirement cannot be lawfully and effectively waived, Tenant agrees that if Landlord markets the Premises in a manner substantially similar to remain vacant or abandoned. If the manner in which Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease markets other space in the Building, then Landlord shall be deemed to have used commercially reasonable efforts to mitigate damages. Tenant shall continue to be liable for all Rent (iiwhether accruing prior to, on or after the date of termination of this Lease or Tenant’s right of possession and/or pursuant to the holdover provisions of Article XX above) and Damages, except to the extent that Tenant receives any credit against unpaid Rent under Section 21.2(b) or pleads and proves by clear and convincing evidence that Landlord will fails to exercise commercially reasonable efforts to mitigate damages to the extent required under this Section 21.3 and that Landlord’s failure caused an avoidable and quantifiable increase in Landlord’s damages for unpaid Rent. Without limitation to the foregoing, Landlord shall not be deemed to have failed to mitigate if damages, or use efforts required by law to do so, because: (i) Landlord leases other space in the Building which is vacant prior to re-letting the Premises; (ii) Landlord refuses to relet the Premises to any Related Entity of Tenant, or any principal of Tenant, or any Related Entity of such principal; (iii) Landlord refuses to relet the Premises to any person or entity whose creditworthiness is not acceptable to Landlord in the exercise of its affiliates lease reasonable discretion; (iv) Landlord refuses to relet the Premises to any person or entity because the use proposed to be made of the Premises by such prospective tenant is not warehouse or general business office use of a type and nature consistent with that of the other tenants in the portions of the Building leased or held for lease for warehouse and general business office purposes as of the date Tenant defaults under this Lease (by way of illustration, but not limitation, manufacturing facilities, government offices, consular offices, doctor’s offices or medical or dental clinics or laboratories, or schools would not be uses consistent with that of other projects owned by tenants in the Building), or such use would, in Landlord’s reasonable judgment, impose unreasonable or excessive demands upon the Building systems, equipment or facilities; (v) Landlord refuses to relet the Premises to any person or entity, or any affiliate of such person or entity, who has been engaged in litigation with Landlord or any of its affiliates affiliates; (vi) Landlord refuses to relet the Premises because the tenant or the terms and provisions of the proposed lease are not approved by the holders of any liens or security interests in the same geographic areaBuilding, before reletting all or would cause Landlord to be in default of, or to be unable to perform any portion of its covenants or obligations under, any agreements between Landlord and any third party; (vii) Landlord refuses to relet the Premises because the proposed tenant is unwilling to execute and deliver Landlord’s standard lease form or such tenant requires improvements to the Premises to be paid at Landlord’s cost and expense; (viii) Landlord refuses to relet the Premises to a person or entity whose character or reputation, or the nature of such prospective tenant’s business, would not be acceptable to Landlord in its reasonable discretion; or (ix) Landlord refuses to expend any material sums of money to market the Premises in excess of the Premises, and (iii) any failure to mitigate as described herein sums Landlord typically expends in connection with respect to any period the marketing of time shall only reduce other space in the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damagesBuilding.
Appears in 1 contract
Mitigation of Damages. If Notwithstanding the foregoing, to the extent (but no further) Landlord terminates is required by applicable law to mitigate damages, or is required by law to use efforts to do so, Tenant agrees that if Landlord markets the Premises in a manner substantially similar to the manner in which Landlord and its affiliates market other space in the Project, then Landlord shall be deemed to have used commercially reasonable efforts to mitigate damages. Tenant shall continue to be liable for all Rent (whether accruing prior to, on or after the date of termination of this Lease or Tenant's ’s right of possession and/or pursuant to possession the holdover provisions of the PremisesSection 22.2 below) and Damages, Landlord shall have no obligation to mitigate Landlord's damages except to the extent that Tenant pleads and proves by clear and convincing evidence that Landlord fails to exercise commercially reasonable efforts to mitigate damages to the extent required by applicable lawunder this Section 20.3 and that Landlord’s failure caused an avoidable increase in Landlord’s damages for unpaid Rent. If Landlord has not terminated this Lease or Tenant's right Without limitation to possession of the Premisesforegoing, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate if damages, or to have failed to use efforts required by law to do so, because: (i) Landlord leases other space in the Project which is vacant prior to re-letting the Premises; (ii) Landlord refuses to relet the Premises to any Related Entity of Tenant, or any principal of Tenant, or any Related Entity of such principal; (iii) Landlord refuses to relet the Premises to any person or entity whose creditworthiness is not acceptable to Landlord in the exercise of its affiliates lease reasonable discretion; (iv) Landlord refuses to relet the Premises to any person or entity because the use proposed to be made of the Premises by such prospective tenant is not general office use of a type and nature consistent with that of the other tenants in the portions of the Building Project leased or held for lease for general office purposes as of the date Tenant defaults under this Lease (by way of illustration, but not limitation, call center or other projects owned by high-density use, government offices, consular offices, doctor’s offices or medical or dental clinics or laboratories, or schools would not be uses consistent with that of other tenants in the Project), or such use would, in Landlord’s reasonable judgment, impose unreasonable or excessive demands upon the Building systems, equipment or facilities; (v) Landlord refuses to relet the Premises to any person or entity, or any affiliate of such person or entity, who has been engaged in litigation with Landlord or any of its affiliates affiliates; (vi) Landlord refuses to relet the Premises because the tenant or the terms and provisions of the proposed lease are not approved by the holders of any liens or security interests in the same geographic areaBuilding, before reletting all or would cause Landlord to be in default of, or to be unable to perform any portion of its covenants or obligations under, any agreements between Landlord and any third party; (vii) Landlord refuses to relet the Premises because the proposed tenant is unwilling to execute and deliver Landlord’s standard lease form, with such commercially reasonable modifications acceptable to Landlord, or such tenant requires improvements to the Premises to be paid at Landlord’s cost and expense; (viii) Landlord refuses to relet the Premises to a person or entity whose character or reputation, or the nature of such prospective tenant’s business, would not be acceptable to Landlord in its reasonable discretion; (ix) Landlord refuses to expend any material sums of money to market the Premises in excess of the Premisessums Landlord typically expends in connection with the marketing of other space in the Project. As used in this Section 20.3, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord an “affiliate” means a person or entity that controls, is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in questioncontrolled by, or at Landlord's option, below the rates provided in this Lease, is under common control with another person or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damagesentity.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Upon termination of Tenant's ’s right to possession of possess the Premises, Landlord shall have no obligation to mitigate Landlord's damages except shall, only to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesLaw, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required use objectively reasonable efforts to mitigate damages as provided herein: (i) by reletting the Premises. Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate do so if Landlord refuses to lease the Premises to a prospective new tenant with respect to whom Landlord would be entitled to withhold its consent pursuant to Section 11.A, or its affiliates who (1) is an Affiliate, parent or subsidiary of Tenant; (2) is not acceptable to any Mortgagee of Landlord; (3) requires improvements to the Premises to be made at Landlord’s expense; or (4) is unwilling to accept lease any terms then proposed by Landlord, including: (a) leasing for a shorter or longer term than remains under this Lease; (b) re-configuring or combining the Premises with other portions space, (c) taking all or only a part of the Building or other projects owned by Landlord or its affiliates in Premises; and/or (d) changing the same geographic area, before reletting all or any portion use of the Premises, and (iii) any failure Notwithstanding Landlord’s duty to mitigate its damages as described herein provided herein, Landlord shall not be obligated (i) to give any priority to reletting Tenant’s space in connection with respect its leasing of space in the Building or any complex of which the Building is a part, or (ii) to accept below market rental rates for the Premises or any period of time shall only reduce rate that would negatively impact the Rent and other amounts to which market rates for the Building. To the extent that Landlord is entitled hereunder required by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates applicable Law to mitigate damages, Tenant must plead and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim prove by Tenant clear and convincing evidence that Landlord failed to so mitigate Landlord's damagesin accordance with the provisions of this Section 19.D, and that such failure resulted in an avoidable and quantifiable detriment to Tenant.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or --------------------- Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: herein (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Mitigation of Damages. If required by applicable law, but subject to the limitations set forth below, if Tenant defaults and/or if Landlord terminates this Lease or Tenant's ’s right to possession of the Premisespossession, Landlord shall have no an obligation to mitigate Landlord's damages except to the extent required by applicable law’s damages. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) . Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease leases any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Leased Premises, and (iii) any failure . Landlord shall not be deemed to have failed to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the if it incurs reasonable rental value of the Premises during such periodreletting costs. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord's ’s published rates for new leases of comparable space at the Building at the time in question, or at Landlord's ’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages. Notwithstanding anything herein to the contrary, in any action between the parties, Tenant shall bear the burden of proving Landlord’s failure to mitigate damages.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Upon termination of Tenant's ’s right to possession of possess the Premises, Landlord shall have no obligation to mitigate Landlord's damages except shall, only to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesLaw, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required use objectively reasonable efforts to mitigate damages as provided herein: (i) by reletting the Premises. Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate do so if Landlord refuses to lease the Premises to a prospective new tenant with respect to whom Landlord would be entitled to withhold its consent pursuant to Section 11.A, or who (1) is a parent, subsidiary or other Affiliate of Tenant; (2) is not acceptable to any Mortgagee of Landlord; (3) requires improvements to the Premises to be made at Landlord’s expense; or (4) is unwilling to accept market lease terms then proposed by Landlord, including: (a) leasing for a shorter or longer term than remains under this Lease; (b) re-configuring or combining the Premises with other space, (c) taking all or only a part of the Premises; and/or (d) changing the use of the Premises. Notwithstanding Landlord’s duty to mitigate its affiliates lease damages as provided herein, Landlord shall not be obligated (i) to give any other portions priority to reletting Tenant’s space in connection with its leasing of space in the Building or other projects owned by Landlord any complex of which the Building is a part, or its affiliates in (ii) to accept below market rental rates for the same geographic area, before reletting all Premises or any portion of rate that would negatively impact the Premises, and (iii) any failure market rates for the Building. To the extent that Landlord is required by applicable Law to mitigate as described herein with respect to any period of time shall only reduce the Rent damages, Tenant must plead and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant prove that Landlord failed to so mitigate Landlord's damagesin accordance with the provisions of this Section 19.D, and that such failure resulted in an avoidable and quantifiable detriment to Tenant.
Appears in 1 contract
Samples: Office Lease (Wells Mid-Horizon Value-Added Fund I LLC)
Mitigation of Damages. If Landlord terminates this Lease or Upon termination of the Tenant's ’s right to possession of possess the Premises, the Landlord shall have no obligation to mitigate Landlord's damages except shall, only to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesApplicable Laws, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required use objectively reasonable efforts to mitigate damages as provided herein: (i) by reletting the Premises. The Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to do so if the Landlord refuses to lease the Premises to a prospective new tenant with respect to whom the Landlord would be entitled to withhold its consent pursuant to Section 11.1, or who (a) is an affiliate, parent or subsidiary of the Tenant; (b) is not acceptable to any Mortgagee of the Landlord; (c) requires improvements to the Premises to be made at the Landlord’s expense; or (d) is unwilling to accept lease terms then proposed by the Landlord, including: (i) leasing for a shorter or longer term than remains under this Lease; (ii) re-configuring or combining the Premises with other space, (iii) taking all or only a part of the Premises; and/or (iv) changing the use of the Premises. Notwithstanding the Landlord’s duty to mitigate if its damages as provided herein, the Landlord or shall not be obligated (1) to give any priority to reletting the Tenant’s space in connection with its affiliates lease any other portions leasing of space in the Building or other projects owned by Landlord any complex of which the Building is a part, or its affiliates in (2) to accept below market rental rates for the same geographic area, before reletting all Premises or any portion of rate that would negatively impact the Premises, and (iii) any failure market rates for the Building. To the extent that the Landlord is required by Applicable Laws to mitigate as described herein with respect to any period of time shall only reduce damages, the Rent Tenant must plead and other amounts to which Landlord is entitled hereunder prove by the reasonable rental value of the Premises during such period. In recognition clear and convincing evidence that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to so mitigate Landlord's damagesin accordance with the provisions of this Section 13.4, and that such failure resulted in an avoidable and quantifiable detriment to the Tenant.
Appears in 1 contract
Samples: Industrial Lease (CUI Global, Inc.)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of Notwithstanding the Premisesforegoing, Landlord shall have no obligation to mitigate Landlord's damages except to the extent (but no further) Landlord is required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation law to mitigate under any circumstances damages, or is required by law to use efforts to do so, and may permit such requirement cannot be lawfully and effectively waived (it being the intention of Landlord and Tenant that Tenant waive and Tenant hereby waives such requirements to the maximum extent permitted by applicable law), Tenant agrees that if Landlord markets the Premises in a manner substantially similar to remain vacant or abandoned. If the manner in which Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease markets other space in the Building, then Landlord shall be deemed to have used commercially reasonable efforts to mitigate damages. Tenant shall continue to be liable for all Rent (iiwhether accruing prior to, on or after the date of termination of this Lease or Tenant’s right of possession and/or pursuant to the holdover provisions of Section 22.2 below) and Damages, except to the extent that Tenant receives any credit against unpaid Rent under Section 20.2(b) or pleads and proves by clear and convincing evidence that Landlord will fails to exercise commercially reasonable efforts to mitigate damages to the extent required under this Section 20.3 and that Xxxxxxxx’s failure caused an avoidable and quantifiable increase in Landlord’s damages for unpaid Rent. Without limitation to the foregoing, Landlord shall not be deemed to have failed to mitigate if damages, or to have failed to use efforts required by law to do so, because: (i) Landlord leases other space in the Building which is vacant prior to re-letting the Premises; (ii) Landlord refuses to relet the Premises to any Related Entity of Tenant, or any principal of Tenant, or any Related Entity of such principal; (iii) Landlord refuses to relet the Premises to any person or entity whose creditworthiness is not acceptable to Landlord in the exercise of its affiliates lease reasonable discretion; (iv) Landlord refuses to relet the Premises to any person or entity because the use proposed to be made of the Premises by such prospective tenant is not general office use of a type and nature consistent with that of the other tenants in the portions of the Building leased or held for lease for general office purposes as of the date Tenant defaults under this Lease (by way of illustration, but not limitation, call center or other projects owned by high- density use, government offices, consular offices, doctor’s offices or medical or dental clinics or laboratories, or schools would not be uses consistent with that of other tenants in the Building), or such use would, in Landlord’s reasonable judgment, impose unreasonable or excessive demands upon the Building systems, equipment or facilities; (v) Landlord refuses to relet the Premises to any person or entity, or any affiliate of such person or entity, who has been engaged in litigation with Landlord or any of its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.affiliates;
Appears in 1 contract
Samples: Lease Agreement
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Building, Project or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Samples: Industrial Lease (Qep Co Inc)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's --------------------- right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (ia) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (iib) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all any or any portion of the Premises, and (iiic) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of Notwithstanding the Premisesforegoing, Landlord shall have no obligation to mitigate Landlord's damages except to the extent (but no further) Landlord is required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation law to mitigate under any circumstances damages, or is required by law to use efforts to do so, and may permit such requirement cannot be lawfully and effectively waived (it being the intention of Landlord and Tenant that Tenant waive and Tenant hereby waives such requirements to the maximum extent permitted by applicable law), Tenant agrees that if Landlord markets the Premises in a manner substantially similar to remain vacant or abandoned. If the manner in which Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease markets other space in the Building, then Landlord shall be deemed to have used commercially reasonable efforts to mitigate damages. Tenant shall continue to be liable for all Rent (iiwhether accruing prior to, on or after the date of termination of this Lease or Tenant’s right of possession and/or pursuant to the holdover provisions of Article XX above) and Damages, except to the extent that Tenant receives any credit against unpaid Rent under Section 21.2(b) or pleads and proves by clear and convincing evidence that Landlord will fails to exercise commercially reasonable efforts to mitigate damages to the extent required under this Section 21.3 and that Landlord’s failure caused an avoidable and quantifiable increase in Landlord’s damages for unpaid Rent. Without limitation to the foregoing, Landlord shall not be deemed to have failed to mitigate if damages, or use efforts required by law to do so, because: (i) Landlord leases other space in the Building which is vacant prior to re-letting the Premises; (ii) Landlord refuses to relet the Premises to any Related Entity of Tenant, or any principal of Tenant, or any Related Entity of such principal; (iii) Landlord refuses to relet the Premises to any person or entity whose creditworthiness is not acceptable to Landlord in the exercise of its affiliates lease reasonable discretion; (iv) Landlord refuses to relet the Premises to any person or entity because the use proposed to be made of the Premises by such prospective tenant is not warehouse or general business office use of a type and nature consistent with that of the other tenants in the portions of the Building leased or held for lease for warehouse and general business office purposes as of the date Tenant defaults under this Lease (by way of illustration, but not limitation, manufacturing facilities, government offices, consular offices, doctor’s offices or medical or dental clinics or laboratories, or schools would not be uses consistent with that of other projects owned by tenants in the Building), or such use would, in Landlord’s reasonable judgment, impose unreasonable or excessive demands upon the Building systems, equipment or facilities; (v) Landlord refuses to relet the Premises to any person or entity, or any affiliate of such person or entity, who has been engaged in litigation with Landlord or any of its affiliates affiliates; (vi) Landlord refuses to relet the Premises because the tenant or the terms and provisions of the proposed lease are not approved by the holders of any liens or security interests in the same geographic areaBuilding, before reletting all or would cause Landlord to be in default of, or to be unable to perform any portion of its covenants or obligations under, any agreements between Landlord and any third party; (vii) Landlord refuses to relet the Premises because the proposed tenant is unwilling to execute and deliver Landlord’s standard lease form or such tenant requires improvements to the Premises to be paid at Landlord’s cost and expense; (viii) Landlord refuses to relet the Premises to a person or entity whose character or reputation, or the nature of such prospective tenant’s business, would not be acceptable to Landlord in its reasonable discretion; or (ix) Landlord refuses to expend any material sums of money to market the Premises in excess of the Premises, and (iii) any failure to mitigate as described herein sums Landlord typically expends in connection with respect to any period the marketing of time shall only reduce other space in the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damagesBuilding.
Appears in 1 contract
Samples: Office Building Lease (Flexpoint Sensor Systems Inc)
Mitigation of Damages. If Landlord terminates this Lease or TenantXxxxxx's right to possession of the Premisespossession, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable lawLaw. If Landlord has not terminated this Lease or TenantXxxxxx's right to possession of the Premisespossession, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (ia) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in at the BuildingProject, (iib) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Project or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iiic) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord Xxxxxxxx is entitled hereunder by the reasonable rental value of the Premises during such period, taking into account the factors described in clause B(l), above. In recognition that the value of the Building Project depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building Project at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Samples: Lease Agreement
Mitigation of Damages. If Landlord terminates and Tenant will each exercise commercially reasonable efforts to mitigate the damages caused by the other party’s breach of this Lease or Tenant's Lease. Efforts to mitigate damages will not be construed as a waiver of the non-breaching party’s right to recover damages. For the purposes of this Article 20.C., marketing of the Premises in a manner similar to the way Landlord markets its other premises shall be deemed to satisfy Landlord’s obligation to use such “commercially reasonable efforts.” In no event shall Landlord be required (i) to solicit or entertain negotiations with any other prospective tenants for the Premises until Landlord obtains full and complete possession of the PremisesPremises including, Landlord shall have no obligation to mitigate Landlord's damages except to without limitation, the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's undisputed right to possession re-let the Premises free of the Premisesany claim of Tenant, Landlord shall have no obligation (ii) to mitigate under any circumstances and may permit lease the Premises to remain a tenant whose proposed use is not a use permitted by applicable law for the Building, (iii) to re-let the Premises before leasing other comparable vacant or abandoned. If space in the Building (unless the prospective tenant is directly obtained and presented to Landlord is required to mitigate damages as provided herein: a result of Tenant’s marketing efforts and otherwise satisfies all other requirements of prospective tenants contained in this Lease), (iiv) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other the Premises for a rental less than the current fair market rental then prevailing for similar office space in the Building, or (iiv) Landlord will to enter into a lease with any proposed tenant that does not be deemed have, in Landlord’s reasonable opinion, sufficient financial resources to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such periodsatisfy a typical tenant’s obligations under a lease. In recognition that the value of the Building depends on the rental rates and terms of leases thereinno event, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained hereinhowever, shall Tenant’s liability hereunder be diminished or reduced if or to the extent such reasonable efforts of Landlord to re-let are not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damagessuccessful.
Appears in 1 contract
Samples: Office Lease (Enernoc Inc)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premisespossession, Landlord shall have no obligation to mitigate mxxxxxxe Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandonedLaw. If Landlord is required to mitigate damages as provided herein: (ia) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in at the BuildingProject, (iib) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Project or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iiic) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises Xxxxxxxs during such period, taking into account the factors described Clause B(1), above. In recognition that the value of the Building Project depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building Project at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Samples: Industrial/Warehouse Lease (Sharps Compliance Corp)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's ’s right to possession of the Premises, Landlord shall have no obligation agrees to mitigate Landlord's its damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided hereinfollowing extent: (ia) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (iib) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iiic) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord's ’s published rates for new leases of comparable space at the Building at the time in question, or at Landlord's ’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Upon termination of Tenant's ’s right to possession of possess the Premises, Landlord shall have no obligation to mitigate Landlord's damages except shall, only to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesLaw, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required use objectively reasonable efforts to mitigate damages as provided herein: (i) by reletting the Premises. Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate do so if Landlord refuses to lease the premises to a prospective new tenant with respect to whom Landlord would be entitled to withhold its consent pursuant to Section 11.A, or who (1) is an Affiliate, parent or subsidiary of Tenant; (2) is not acceptable to any Mortgagee of Landlord or (3) is unwilling to accept lease terms then proposed by Landlord, including: (a) leasing for a shorter or longer term than remains under this Lease; (b) re-configuring or combining the Premises with other space, (c) taking all or only a part of the Premises; and/or (d) changing the use of the Premises. Notwithstanding Landlord’s duty to mitigate its affiliates lease damages as provided herein, Landlord shall not be obligated (i) to give any other portions priority to reletting Tenant’s space in connection with its leasing of space in the Building or other projects owned by Landlord any complex of which the Building is a part, or its affiliates in (ii) to accept below market rental rates for the same geographic area, before reletting all Premises or any portion of rate that would negatively impact the Premises, and (iii) any failure market rates for the Building. To the extent that Landlord is required by applicable Law to mitigate as described herein with respect to any period of time shall only reduce the Rent damages. Tenant must plead and other amounts to which Landlord is entitled hereunder prove by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates clear and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant convincing evidence that Landlord failed to so mitigate Landlord's damagesin accordance with the provisions of this Section 19.D, and that such failure resulted in an avoidable and quantifiable detriment to Tenant.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premisespossession, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premisespossession, Landlord shall have no obligation to mitigate under any circumstances except to the extent required by applicable law and may permit the Leased Premises to remain vacant or abandoned. If Landlord is required by applicable law to mitigate damages as provided hereinunder this Lease: (i1) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Buildingcomparable Cincinnati office buildings, (ii2) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease leases any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Leased Premises, and (iii3) any failure Landlord shall not be deemed to have failed to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such periodif it incurs Reletting Costs. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's reasonable published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the PremisesLease, Landlord shall have no obligation to mitigate Landlord's ’s damages except to the extent as may be required by applicable lawApplicable Laws. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesLease, Landlord shall have no obligation to mitigate under any circumstances except as may be required by Applicable Laws and may permit the Premises to remain vacant or abandoned. If in accordance with applicable law, Landlord is required to mitigate damages as provided hereindamages: (i) Landlord shall be required only to use commercially reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, Building One or Building Two (to the extent Landlord owns Building Two); (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building One or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, ; and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building Project depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published ’s prevailing rates for new leases of comparable space at the Building Project at the time in question, or at Landlord's ’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages.
Appears in 1 contract
Samples: Office Lease (McData Corp)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation exercise commercially reasonable efforts to mitigate Landlord's any damages except to the extent required incurred by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession as a result of the Premisesan Event of Default, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: that (i) Landlord shall not be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses obligated to lease other space in or sublease the BuildingPremises for less than its then fair market rental value, (ii) Landlord will shall not be deemed obligated to have failed relet to mitigate if an affiliate of Tenant or any party not acceptable to any mortgagee or ground landlord of Landlord or its affiliates not reasonably acceptable to Landlord, or to offer the Premises for lease any other portions unless and until Landlord shall have full possession of the Building or other projects owned by Premises and Tenant has acknowledged that this Lease has been terminated, and (iii) Landlord or its affiliates in the same geographic area, before reletting shall not be required to lease all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect Premises to any period prospective tenant whose creditworthiness is unacceptable to Landlord; and provided further that nothing contained in this Section 20.5 shall be deemed to increase any duty of time shall only reduce mitigation imposed on Landlord by law of the Rent State of New Jersey which would be applied as of the date of this Lease; and other amounts to which provided further that if the legal standard imposed on Landlord is entitled hereunder by the reasonable rental value law of the Premises during such period. In recognition that State of New Jersey is hereafter lower than the value of the Building depends on the rental rates and terms of leases thereinmitigation standard set forth above, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at ’s obligations hereunder shall not be diminished. Notwithstanding anything to the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contrary contained herein, Landlord’s failure to comply with this mitigation obligation shall not give rise to a claim by relieve Tenant that Landlord failed to mitigate Landlord's damagesof any liability under Sections 20.2(c) or 20.3 above.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's ’s right to possession of the Premises, Landlord shall have no obligation undertake commercially reasonable efforts to mitigate Landlord's ’s damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's ’s right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals unreasonably below Landlord's ’s published rates for new leases of comparable space at the Building at the time in question, or at Landlord's ’s option, unreasonably below the rates provided in this Lease, or containing terms unreasonably less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages.
Appears in 1 contract
Samples: Office Lease (Wilshire Bancorp Inc)
Mitigation of Damages. If Subject to the terms of this Section 13.06, if a Default by Tenant under this Lease occurs and continues beyond any applicable notice and cure period under this Lease, and if Landlord terminates this Lease or Tenant's ’s right to possession of possess the Leased Premises, Landlord shall have no obligation use commercially reasonable efforts to mitigate Landlord's its damages except to the extent required by applicable law. If Landlord has not terminated under this Lease or Tenant's right to possession of the PremisesLease; provided, however, that (a) Landlord shall have no obligation obligations to mitigate under solicit or entertain negotiations with any circumstances other prospective tenants for the Leased Premises unless and may permit until Landlord obtains possession of the Leased Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: and Tenant has acknowledged no further possessory rights therein; (ib) Landlord shall not be required only obligated to lease or show the Leased Premises on a priority basis, it being the intent hereof that any such space shall be treated by Landlord as a part of Landlord’s general supply of unleased, previously built-out space in the Building, and Landlord shall be obligated merely to use reasonable efforts to mitigaterespond in the ordinary course of Landlord’s business to inquiries concerning the Leased Premises, which and shall not be required to exceed such efforts as Landlord generally uses to lease other space in the Building, ; (iic) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects properties owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Leased Premises, ; and (iiid) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Leased Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals rents below Landlord's ’s published rates for new leases of comparable space at the Building at the time in question, or at Landlord's ’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages. Furthermore, Landlord shall not be obligated to enter into a lease with a prospective replacement tenant which does not have, in Landlord’s reasonable opinion, sufficient financial resources to fulfill all of financial obligations in connection with the lease thereof as and when the same become due, or whose use would: (i) violate any restriction, covenant, or requirement contained in the lease of another tenant of the Park; (ii) adversely affect the reputation of the Building or the Park; or (iii) in Landlord’s reasonable judgment, be incompatible with the operation of the Building.
Appears in 1 contract
Samples: Lease (Purple Innovation, Inc.)
Mitigation of Damages. If Landlord terminates this Lease or Upon termination of Tenant's ’s right to possession of possess the Premises, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required use objectively reasonable efforts to mitigate damages as provided herein: (i) by reletting the Premises. Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate do so if Landlord refuses to lease the Premises to a prospective new tenant with respect to whom Landlord would be entitled to withhold its consent pursuant to Section 11.A, or who (1) is a parent, subsidiary or other Affiliate of Tenant; (2) is not acceptable to any Mortgagee of Landlord; (3) requires improvements to the Premises to be made at Landlord’s expense; or (4) is unwilling to accept reasonable lease terms then proposed by Landlord, including: (a) leasing for a shorter or longer term than remains under this Lease; (b) re-configuring or combining the Premises with other space, (c) taking all or only a part of the Premises; and/or (d) changing the use of the Premises. Notwithstanding Landlord’s duty to mitigate its affiliates lease damages as provided herein, Landlord shall not be obligated (i) to give any other portions priority to reletting Tenant’s space in connection with its leasing of space in the Building or other projects owned by Landlord any complex of which the Building is a part, or its affiliates in (ii) to accept below market rental rates for the same geographic area, before reletting all Premises or any portion rate that would negatively impact the market rates for the Building. Tenant must plead and prove by a preponderance of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant evidence that Landlord failed to so mitigate Landlord's damagesin accordance with the provisions of this Section 19.D, and that such failure resulted in an avoidable and quantifiable detriment to Tenant.
Appears in 1 contract
Samples: Office Lease (Pier 1 Imports Inc/De)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the PremisesLease, Landlord shall have no obligation to mitigate Landlord's ’s damages except to the extent required by applicable lawApplicable Laws. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesLease, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises Building to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the PremisesBuilding, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord Xxxxxxxx is entitled hereunder by the reasonable rental value of the Premises Building during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord's ’s published rates for new leases of comparable space at the Building at the time in question, or at Landlord's ’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages.
Appears in 1 contract
Samples: Office Lease Agreement
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (ia) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (iib) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all the Premises or any portion of the Premises, and (iiic) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends is dependent on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Samples: Office Lease (Chemconnect Inc)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premisespossession, Landlord shall have no obligation be obligated to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premisesdamages, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided hereinprovided, however, that: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in at the BuildingProperty, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Property or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period, taking into account the factors described in clause B(l) above. In recognition that the value of the Building Property depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below fair market value (as reasonably determined by Landlord's published rates ) for new leases of comparable space at the Building Property at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not not, in and of itself, give rise to a claim by Tenant that Landlord failed to mitigate LandlordXxxxxxxx's damages. If Landlord has not terminated this Lease or Xxxxxx's right to possession, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned; in such case, Tenant may seek to mitigate damages by attempting to sublease the Premises or assign this Lease pursuant to Article 13.
Appears in 1 contract
Samples: Office Lease (Red Hat Inc)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to reasonably attempt (but does not guarantee that it will) mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate its damages as provided herein: (iA) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (iiB) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iiiC) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Samples: Sublease (Chemconnect Inc)
Mitigation of Damages. If Landlord terminates this Lease or Upon termination of Tenant's ’s right to possession of possess the Premises, Landlord shall have no obligation to mitigate Landlord's damages except shall, only to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesLaw, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required use objectively reasonable efforts to mitigate damages as provided herein: (i) by reletting the Premises. Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate do so if Landlord refuses to lease the Premises to a prospective new tenant with respect to whom Landlord would be entitled to withhold its consent pursuant to Section 11.A, or who (1) is an Affiliate, parent or subsidiary of Tenant; (2) is not acceptable to any Mortgagee of Landlord; (3) requires improvements to the Premises to be made at Landlord’s expense; or (4) is unwilling to accept lease terms then proposed by Landlord, including: (a) leasing for a shorter or longer term than remains under this Lease; (b) re-configuring or combining the Premises with other space; (c) taking all or only a part of the Premises; and/or (d) changing the use of the Premises. Notwithstanding Landlord’s duty to mitigate its affiliates lease damages as provided herein, Landlord shall not be obligated (i) to give any other portions priority to reletting Tenant’s space in connection with its leasing of space in the Building or other projects owned by Landlord any complex of which the Building is a part, or its affiliates in (ii) to accept below market rental rates for the same geographic area, before reletting all Premises or any portion of rate that would negatively impact the Premises, and (iii) any failure market rates for the Building. To the extent that Landlord is required by applicable Law to mitigate as described herein with respect to any period of time shall only reduce the Rent damages, Tenant must plead and other amounts to which Landlord is entitled hereunder prove by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates clear and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant convincing evidence that Landlord failed to so mitigate Landlord's damagesin accordance with the provisions of this Section 19.D, and that such failure resulted in an avoidable and quantifiable detriment to Tenant.
Appears in 1 contract
Samples: Office Lease (CSR PLC)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premisespossession, Landlord shall have no obligation be obligated to mitigate Landlord's damages except if and to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right Law, subject to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided hereinfollowing: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in at the BuildingProperty, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Property or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period, taking into account the factors described in clause B(1) above. In recognition that the value of the Building Property depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building Property at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages. If Landlord has not terminated this Lease or Tenant's right to possession, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned; in such case, Tenant may seek to mitigate damages by attempting to sublease the Premises or assign this Lease pursuant to Article 13.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates With respect to the provisions of the laws of the State of Texas or of this Lease or Tenant's right to possession of the Premises, which require that Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigaterelet the Premises, which it is understood and agreed that the following shall not exceed apply in determining whether such efforts as by Landlord generally uses to relet are reasonable:
(A) Landlord may elect to lease other available space in the Complex, if any, before reletting the Premises;
(B) Landlord may elect to consent to the assignment or sublease by an existing tenant of the Complex before reletting the Premises;
(C) Landlord may decline to incur out-of-pocket costs to relet the Premises, other than customary leasing commissions and legal fees for the negotiation of a lease with a new tenant;
(D) Landlord may decline to relet the Premises at rental rates below then prevailing market rental rates;
(E) Landlord may decline to relet the Premises to a prospective tenant if the nature of such prospective tenant's business is not consistent with the tenant mix of the Building or with any other tenant leases containing provisions against the Landlord leasing space in the Building for certain uses;
(F) Landlord may decline to relet the Premises to a prospective tenant, the nature of whose business may have an adverse impact upon the manner in which the Building is operated or with the high reputation of the Building even though in each of said circumstances such prospective tenant may have a good credit rating;
(G) Before reletting the Premises to a prospective tenant, Landlord may require the prospective tenant to demonstrate the same financial capacity that Landlord would require as a condition to leasing other space in the Building, Building to the prospective tenant; and
(iiH) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of Listing the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of with a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time broker or leasing agent (including in-house leasing personnel) in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.manner consistent with subparagraphs (A) through
Appears in 1 contract
Mitigation of Damages. If Landlord terminates and Tenant will each exercise commercially reasonable efforts to mitigate the damages caused by the other party’s breach of this Lease or Tenant's Lease. Efforts to mitigate damages will not be construed as a waiver of the non-breaching party’s right to recover damages. For the purposes of this Article 20.C., marketing of the Premises in a manner similar to the way Landlord markets its other premises shall be deemed to satisfy Landlord’s obligation to use such “commercially reasonable efforts.” In no event shall Landlord be required (i) to solicit or entertain negotiations with any other prospective tenants for the Premises until Landlord obtains full and complete possession of the PremisesPremises including, Landlord shall have no obligation to mitigate Landlord's damages except to without limitation, the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's undisputed right to possession re-let the Premises free of the Premisesany claim of Tenant, Landlord shall have no obligation (ii) to mitigate under any circumstances and may permit lease the Premises to remain vacant or abandoned. If a tenant whose proposed use, in Landlord’s bona fide judgment, would violate any restrictions by which Landlord is required bound, (iii) to mitigate damages re-let the Premises before leasing other comparable vacant space in the Building (unless the prospective tenant is directly obtained and presented to Landlord as provided herein: a result of Tenant’s marketing efforts and otherwise satisfies all other requirements of prospective tenants contained in this Lease), (iiv) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other the Premises for a rental less than the current fair market rental then prevailing for similar office space in the Building, or (iiv) Landlord will to enter into a lease with any proposed tenant that does not be deemed have, in Landlord’s reasonable opinion, sufficient financial resources to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such periodsatisfy a typical office tenant’s obligations under an office lease. In recognition that the value of the Building depends on the rental rates and terms of leases thereinno event, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained hereinhowever, shall Tenant’s liability hereunder be diminished or reduced if or to the extent such reasonable efforts of Landlord to re-let are not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damagessuccessful.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's ’s right to possession of the Premises, Landlord shall have no obligation to mitigate Landlord's ’s damages except to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's ’s right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided herein: (ia) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (iib) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all re-letting the Premises or any portion of the Premises, and (iiic) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends is dependent on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord's ’s published rates for new leases of comparable space at the Building at the time in question, or at Landlord's ’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Upon termination of Tenant's ’s right to possession of possess the Premises, Landlord shall have no obligation to mitigate Landlord's damages except shall, only to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesLaw, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required use objectively reasonable efforts to mitigate damages as provided herein: (i) by reletting the Premises. Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate do so if Landlord refuses to lease the Premises to a prospective new tenant with respect to whom Landlord would be entitled to withhold its consent pursuant to Section 11.A, or who (1) is a parent, subsidiary or other Affiliate of Tenant; (2) is not acceptable to any Mortgagee of Landlord; (3) requires improvements to the Premises to be made at Landlord’s expense; or (4) is unwilling to accept lease terms then proposed by Landlord, including: (a) leasing for a shorter or longer term than remains under this Lease; (b) re-configuring or combining the Premises with other space, (c) taking all or only a part of the Premises; and/or (d) changing the use of the Premises. Notwithstanding Landlord’s duty to mitigate its affiliates lease damages as provided herein, Landlord shall not be obligated (i) to give any other portions priority to reletting Tenant’s space in connection with its leasing of space in the Building or other projects owned by Landlord any complex of which the Building is a part, or its affiliates in (ii) to accept below market rental rates for the same geographic area, before reletting all Premises or any portion of rate that would negatively impact the Premises, and (iii) any failure market rates for the Building. To the extent that Landlord is required by applicable Law to mitigate as described herein with respect to any period of time shall only reduce the Rent damages, Tenant must plead and other amounts to which Landlord is entitled hereunder prove by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates clear and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant convincing evidence that Landlord failed to so mitigate Landlord's damagesin accordance with the provisions of this Section 19.D, and that such failure resulted in an avoidable and quantifiable detriment to Tenant.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Upon termination of Tenant's right to possession of possess the Premises, Landlord shall have no obligation to mitigate Landlord's damages except shall, only to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesLaw, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required use objectively reasonable efforts to mitigate damages as provided herein: (i) by reletting the Premises. Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate do so if Landlord refuses to lease the Premises to a prospective new tenant with respect to whom Landlord would be entitled to withhold its consent pursuant to Section 11.A, or who (1) is an Affiliate, parent or subsidiary of Tenant; (2) is not acceptable to any Mortgagee of Landlord (3) requires improvements to the Premises to be made at Landlord's expense; or (4) is unwilling to accept lease terms then proposed by Landlord, including: (a) leasing for a shorter or longer term than remains under this Lease; (b) re-configuring or combining the Premises with other space, (c) taking all or only a part of the Premises; and/or (d) changing the use of the Premises. Notwithstanding Landlord's duty to mitigate its affiliates lease damages as provided herein, Landlord shall not be obligated (i) to give any other portions priority to reletting Tenant's space in connection with its leasing of space in the Building or other projects owned by Landlord any complex of which the Building is a part, or its affiliates in (ii) to accept below market rental rates for the same geographic area, before reletting all Premises or any portion of rate that would negatively impact the Premises, and (iii) any failure market rates for the Building. To the extent that Landlord is required by applicable Law to mitigate as described herein with respect to any period of time shall only reduce the Rent damages, Tenant must plead and other amounts to which Landlord is entitled hereunder prove by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates clear and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant convincing evidence that Landlord failed to so mitigate Landlord's damagesin accordance with the provisions of this Section 19.D, and that such failure resulted in an avoidable and quantifiable detriment to Tenant.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's ’s right to possession of the Premisespossession, Landlord shall have no obligation be obligated to mitigate Landlord's ’s damages except if and to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right Law, subject to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required to mitigate damages as provided hereinfollowing: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in at the BuildingProperty, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Property or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period, taking into account the factors described in clause B(1) above. In recognition that the value of the Building Property depends on the rental rates and terms of leases therein, Landlord's ’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord's ’s published rates for new leases of comparable space at the Building Property at the time in question, or at Landlord's ’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's ’s damages. If Landlord has not terminated this Lease or Tenant’s right to possession, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned; in such case, Tenant may seek to mitigate damages by attempting to sublease the Premises or assign this Lease pursuant to Article 13.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Upon termination of the Tenant's ’s right to possession of possess the Premises, the Landlord shall have no obligation to mitigate Landlord's damages except shall, only to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesApplicable Laws, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required use objectively reasonable efforts to mitigate damages as provided herein: (i) by reletting the Premises. The Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate do so if the Landlord refuses to lease the Premises to a prospective new tenant with respect to whom the Landlord would be entitled to withhold its consent pursuant to Section 11.1, or its affiliates lease any other portions who (a) is an Affiliate, parent or subsidiary of the Building Tenant; (b) is not acceptable to any Mortgagee of the Landlord; (c) requires improvements to the Premises to be made at the Landlord’s expense; or (d) is unwilling to accept lease terms then proposed by the Landlord, including: (i) leasing for a shorter or longer term than remains under this Lease; (ii) re-configuring or combining the Premises with other projects owned by Landlord or its affiliates in the same geographic areaspace, before reletting (iii) taking all or any portion only a part of the Premises, and ; and/or (iiiiv) any failure changing the use of the Premises. Notwithstanding the Landlord’s duty to mitigate its damages as described herein provided herein, the Landlord shall not be obligated (1) to give any priority to reletting the Tenant’s space in connection with respect its leasing of space in the Premises or any complex of which the Premises is a part, or (2) to accept below market rental rates for the Premises or any period of time shall only reduce rate that would negatively impact the Rent and other amounts to which market rates for the Premises. To the extent that the Landlord is entitled hereunder required by Applicable Laws to mitigate damages, the reasonable rental value of the Premises during such period. In recognition Tenant must plead and prove by clear and convincing evidence that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to so mitigate Landlord's damagesin accordance with the provisions of this Section 13.4, and that such failure resulted in an avoidable and quantifiable detriment to the Tenant.
Appears in 1 contract
Samples: Industrial Lease (Aqua Metals, Inc.)
Mitigation of Damages. If Landlord terminates this Lease or Upon termination of Tenant's ’s right to possession of possess the Premises, Landlord shall have no obligation to mitigate Landlord's damages except shall, only to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the PremisesLaw, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required use objectively reasonable efforts to mitigate damages as provided herein: (i) by reletting the Premises. Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate do so if Landlord refuses to lease the Premises to a prospective new tenant with respect to whom Landlord would be entitled to withhold its consent pursuant to Section 11.A, or who (1) is an Affiliate, parent or subsidiary of Tenant; (2) is not reasonably acceptable to any Mortgagee of Landlord; (3) requires improvements to the Premises to be made at Landlord’s expense; or (4) is unwilling to accept reasonable lease terms then proposed by Landlord, including: (a) leasing for a shorter or longer term than remains under this Lease; (b) re-configuring or combining the Premises with other space, (c) taking all or only a part of the Premises; and/or (d) changing the use of the Premises. Notwithstanding Landlord’s duty to mitigate its affiliates lease damages as provided herein, Landlord shall not be obligated (i) to give any other portions priority to reletting Tenant’s space in connection with its leasing of space in the Building or other projects owned by Landlord any complex of which the Building is a part, or its affiliates in (ii) to accept below market rental rates for the same geographic area, before reletting all Premises or any portion of rate that would negatively impact the Premises, and (iii) any failure market rates for the Building. To the extent that Landlord is required by applicable Law to mitigate as described herein with respect to any period of time shall only reduce the Rent damages, Tenant must plead and other amounts to which Landlord is entitled hereunder prove by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates clear and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant convincing evidence that Landlord failed to so mitigate Landlord's damagesin accordance with the provisions of this Section 19.D, and that such failure resulted in an avoidable and quantifiable detriment to Tenant.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premisespossession, Landlord shall have no obligation to mitigate Landlord's damages damages, except to the extent required by applicable lawLaw. If Landlord has not terminated this Lease or Tenant's right to possession of the Premisespossession, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned; in such case, Tenant may seek to mitigate damages by attempting to sublease the Premises or assign this Lease pursuant to Article 13. If Landlord is required to mitigate damages as provided hereindamages: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in at the BuildingProperty, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building Property or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any portion of the Premises, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period, taking into account the factors described in clause B(1) above. In recognition that the value of the Building Property depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building Property at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Samples: Office Lease (Cutter & Buck Inc)
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of the Premisespossession, Landlord shall have no obligation to mitigate Landlord's damages except to the extent required by applicable lawLaw. If Landlord has not terminated this Lease or Tenant's right to possession of the Premisespossession, Landlord shall have no obligation to mitigate under any circumstances and may permit the Premises to remain vacant or abandoned. If Landlord is required by applicable Law to mitigate damages as provided hereinunder this Lease: (ia) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in at the BuildingShopping Center, (iib) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any leases any, other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, Shopping Center before reletting all or any portion of the Premises, and (iiic) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises during such period, taking into account among other things, the condition of the Premises, market conditions and the period of time the Premises may reasonably remain vacant before Landlord is able to re-lease the same to a suitable replacement tenant, and Cost of Reletting (as defined in subparagraph [B][1]) that Landlord may incur in order to enter into such replacement lease. In recognition that the value of the Building Shopping Center depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building Shopping Center at the time in question, or at Landlord's option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damages.
Appears in 1 contract
Mitigation of Damages. If Landlord terminates Tenant’s right to possession, to the extent (but no further) Landlord is required by applicable Laws of the State of Texas to mitigate damages, or to use efforts to do so, and such requirement cannot be lawfully and effectively waived (it being the intention of Landlord and Tenant that Tenant waive and Tenant hereby waives such requirements to the maximum extent permitted by applicable law), Landlord shall use reasonable efforts to mitigate Landlord’s damages, and Tenant shall be entitled to submit proof of such failure to mitigate as a defense to Landlord’s claims for damages after any such termination of possession. With regard to the provisions of this Lease or Tenant's right the present or future Laws that require Landlord to possession of mitigate or seek to mitigate its damages or to use efforts to re-let the Premises, Landlord shall have no obligation and Tenant acknowledge that the state of the law in Texas at the time this Lease is made is uncertain and in order to end all doubt as to what Landlord must and may do to (a) mitigate its damages, (b) seek to mitigate Landlord's damages except its damages, or (c) re-let or seek to the extent required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation to mitigate under any circumstances and may permit re-let the Premises (hereinafter collectively called “Mitigate”), the following are procedures setting forth Landlord’s duty to remain vacant or abandonedMitigate. If Landlord is required may elect to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease other space in the Building, (ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting re-let all or any portion marketable part of the Premises, and (iii) any failure to mitigate as described herein with respect to any period reletting of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value less than all of the Premises during such period. In recognition that the value shall not be deemed to constitute an acceptance and surrender of the Building depends portion of the Premises not so re-let. Landlord’s duty to Mitigate shall arise on the rental rates earlier of 60 days after (i) the date that Tenant vacates the Premises and terms fails to pay Rent beyond applicable notice and cure periods; and (ii) the date Tenant relinquishes any claim to possession of leases therein, the Premises by written notice to Landlord's rejection . If all of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in question, or at Landlord's option, below the rates provided procedures set forth in this LeaseSection 18.3 are followed by Landlord, or containing terms less favorable than those contained herein, Landlord shall not give rise be presumptively deemed to a claim by Tenant that Landlord failed have discharged its duty to mitigate Landlord's damages.Mitigate:
Appears in 1 contract
Mitigation of Damages. If Landlord terminates this Lease or Tenant's right to possession of Notwithstanding the Premisesforegoing, Landlord shall have no obligation to mitigate Landlord's damages except to the extent (but no further) Landlord is required by applicable law. If Landlord has not terminated this Lease or Tenant's right to possession of the Premises, Landlord shall have no obligation law to mitigate under any circumstances damages, or is required by law to use efforts to do so, and may permit such requirement cannot be lawfully and effectively waived (it being the intention of Landlord and Tenant that Tenant waive and Tenant hereby waives such requirements to the maximum extent permitted by applicable law), Tenant agrees that if Landlord markets the Premises in a manner substantially similar to remain vacant or abandoned. If the manner in which Landlord is required to mitigate damages as provided herein: (i) Landlord shall be required only to use reasonable efforts to mitigate, which shall not exceed such efforts as Landlord generally uses to lease markets other space in the Building, then Landlord shall be deemed to have used commercially reasonable efforts to mitigate damages. Tenant shall continue to be liable for all Rent (iiwhether accruing prior to, on or after the date of termination of this Lease or Tenant’s right of possession and/or pursuant to the holdover provisions of Section 22.2 below) and Damages, except to the extent that Tenant receives any credit against unpaid Rent under Section 20.2(b) or pleads and proves by clear and convincing evidence that Landlord will fails to exercise commercially reasonable efforts to mitigate damages to the extent required under this Section 20.3 and that Landlord’s failure caused an avoidable and quantifiable increase in Landlord’s damages for unpaid Rent. Without limitation to the foregoing, Landlord shall not be deemed to have failed to mitigate if damages, or to have failed to use efforts required by law to do so, because: (i) Landlord leases other space in the Building which is vacant prior to re-letting the Premises; (ii) Landlord refuses to relet the Premises to any Related Entity of Tenant, or any principal of Tenant, or any Related Entity of such principal; (iii) Landlord refuses to relet the Premises to any person or entity whose creditworthiness is not acceptable to Landlord in the exercise of its affiliates lease reasonable discretion; (iv) Landlord refuses to relet the Premises to any person or entity because the use proposed to be made of the Premises by such prospective tenant is not general office use of a type and nature consistent with that of the other tenants in the portions of the Building leased or held for lease for general office purposes as of the date Tenant defaults under this Lease (by way of illustration, but not limitation, call center or other projects owned by high-density use, government offices, consular offices, doctor’s offices or medical or dental clinics or laboratories, or schools would not be uses consistent with that of other tenants in the Building), or such use would, in Landlord’s reasonable judgment, impose unreasonable or excessive demands upon the Building systems, equipment or facilities; (v) Landlord refuses to relet the Premises to any person or entity, or any affiliate of such person or entity, who has been engaged in litigation with Landlord or any of its affiliates affiliates; (vi) Landlord refuses to relet the Premises because the tenant or the terms and provisions of the proposed lease are not approved by the holders of any liens or security interests in the same geographic areaBuilding, before reletting all or would cause Landlord to be in default of, or to be unable to perform any portion of its covenants or obligations under, any agreements between Landlord and any third party; (vii) Landlord refuses to relet the Premises because the proposed tenant is unwilling to execute and deliver Landlord’s standard lease form or such tenant requires improvements to the Premises to be paid at Landlord’s cost and expense; (viii) Landlord refuses to relet the Premises to a person or entity whose character or reputation, or the nature of such prospective tenant’s business, would not be acceptable to Park Ten Plaza – RigNet, Inc. Table of Contents Landlord in its reasonable discretion; (ix) Landlord refuses to expend any material sums of money to market the Premises in excess of the Premisessums Landlord typically expends in connection with the marketing of other space in the Building. As used in this Section 20.3, and (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord an “affiliate” means a person or entity that controls, is entitled hereunder by the reasonable rental value of the Premises during such period. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord's rejection of a prospective replacement tenant based on an offer of rentals below Landlord's published rates for new leases of comparable space at the Building at the time in questioncontrolled by, or at Landlord's option, below the rates provided in this Lease, is under common control with another person or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord's damagesentity.
Appears in 1 contract
Samples: Office Lease (RigNet, Inc.)