Common use of Non-Termination of Lease Clause in Contracts

Non-Termination of Lease. If Landlord reenters the Premises pursuant to Section 15.1, Landlord may elect, by notice to Tenant, not to terminate this Lease, in which case Tenant shall indemnify Landlord for the loss of Rent by a payment at the end of each month during the remaining Term representing the difference between the Rent due in accordance with this Lease and the rental actually derived from the Premises by Landlord for such month. Without any previous notice or demand, separate actions may be maintained by Landlord against Tenant from time to time to recover any damages which, at the commencement of any action, have then or theretofore become due and payable to Landlord under this Section 15 without waiting until the end of the Term.

Appears in 2 contracts

Samples: Lease (Zymogenetics Inc), Lease Agreement (Zymogenetics Inc)

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Non-Termination of Lease. No act of Landlord other than a written declaration of termination of Lease shall serve to terminate this Lease. If Landlord reenters the Premises pursuant to Section 15.1, Landlord may elect, by notice to Tenant, and does not elect to terminate this Lease, in which case Tenant shall indemnify Landlord for the loss of Rent rent by a payment at the end of each month during the remaining Term representing the difference between the Rent due Base Rent, and other charges which would have been paid in accordance with this Lease and the rental actually derived from the Premises by Landlord for such month. Without any previous notice or demand, separate Separate actions may be maintained by Landlord against Tenant from time to time to recover any damages which, at the commencement of any action, have are then or theretofore become due and payable to Landlord under this Section 15 without waiting until the end of the TermTerm of this Lease.

Appears in 2 contracts

Samples: Office Lease (Seattle Genetics Inc /Wa), Office Lease (Seattle Genetics Inc /Wa)

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