Post Default Rent Sample Clauses

Post Default Rent. In the event Landlord elects to terminate Tenant’s right to possession of the Leased Premises without terminating this Lease, Landlord may hold Tenant liable for all rent and other indebtedness accrued to the date of such termination, plus such rent and other indebtedness as would otherwise have been required to be paid by Tenant to Landlord during the period following termination of the Lease Term (or Tenant’s right to possession of the Leased Premises, as the case may be) measured from the date of such termination by Landlord until the date which would have been the date of expiration of the term as stated in Article III (had Landlord not elected to terminate Tenant’s right to possession on account of such Event of Default) diminished by any net sums thereafter received by Landlord through reletting the Leased Premises during said period (after deducting expenses incurred by Landlord as provided in the succeeding paragraph). Actions to collect amounts due by Tenant provided for in this paragraph of Section 16.03 may be brought from time to time by Landlord during the aforesaid period, on one or more occasions, without the necessity of Landlord’s waiting until expiration of such period; and in no event shall Tenant be entitled to receive any excess of rent (or rent plus other sums) obtained by reletting over and above the rent herein reserved; however, all such excess sums shall be credited against Tenant’s liability to Landlord. In case of an Event of Default, Tenant shall also be liable for and shall pay to Landlord at Houston, Xxxxxx County, Texas, in addition to any sum provided to be paid above: broker’s fees actually incurred by Landlord in connection with reletting the whole or any part of the Leased Premises provided such fees are reasonable within the market context taking into consideration the time and circumstances then in existence; the reasonable and necessary costs of removing and storing Tenant’s or other occupant’s property; the reasonable and necessary costs of repairing, altering, remodeling or otherwise putting the Leased Premises into condition acceptable to a new tenant or tenants, and all reasonable expenses incurred by Landlord in enforcing Landlord’s remedies, including reasonable attorney’s fees.