Common use of RE-ENTRY BY LESSOR Clause in Contracts

RE-ENTRY BY LESSOR. No re-entry or taking possession of the Leased Premises by Lessor shall be construed as an election on its part to terminate this Lease unless a written notice of such intention is given to Lessee. Lessor, at its option, may make such alterations or repairs to the Improvements as it, in its reasonable judgment, considers advisable and necessary upon the occurrence of an Event of Default, at the cost of Lessee, and the making of such alterations or repairs shall not operate or be construed to release Lessee from liability hereunder. Lessor shall in no event be liable in any way whatsoever for failure to relet the Leased Premises and the improvements or, in the event the Leased Premises and the Improvements are relet, for failure to collect rent thereof under such reletting; and in no event shall Lessee be entitled to receive any excess of such rent over the sums payable by Lessee to Lessor hereunder; provided, however, that Lessor shall during such time as Lessor is in possession of the Leased Premises as the result of any re-entry by Lessor hereunder, and prior to any termination of this Lease, exercise reasonable efforts to cause tenant space in the Leased Premises to be leased.

Appears in 3 contracts

Samples: Ground Lease Agreement (FFP Marketing Co Inc), Building Lease Agreement (FFP Marketing Co Inc), Lease Agreement (FFP Partners L P)

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RE-ENTRY BY LESSOR. No re-entry or taking possession of the Leased Premises by Lessor shall be construed as an election on its part to terminate this Lease unless a written notice of such intention is given to Lessee. Lessor, at its option, may make such alterations or repairs to the Improvements as it, in its reasonable judgment, considers advisable and necessary upon the occurrence of an Event of Default, at the cost of Lessee, and the making of such alterations or repairs shall not operate or be construed to release Lessee from liability hereunder. Lessor shall in no event be liable in any way whatsoever for failure to relet the Leased Premises and the improvements Improvements or, in the event the Leased Premises and the Improvements are relet, for failure to collect rent thereof under such reletting; and in no event shall Lessee be entitled to receive any excess of such rent over the sums payable by Lessee to Lessor hereunder; provided, however, that Lessor shall during such time as Lessor is in possession of the Leased Premises as the result of any re-entry by Lessor hereunder, and prior to any termination of this Lease, exercise reasonable efforts to cause tenant space in the Leased Premises to be re-leased.

Appears in 1 contract

Samples: Master Lease Agreement (FFP Partners L P)

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RE-ENTRY BY LESSOR. No re-entry or taking possession of the Leased Premises by Lessor shall be construed as an election on its part to terminate this Lease unless a written notice of such intention is given to Lessee. Lessor, at its option, may make such alterations or repairs to the Improvements Building as it, in its reasonable judgment, considers advisable and necessary upon the occurrence of an Event of Default, at the cost of Lessee, and the making of such alterations or repairs shall not operate or be construed to release Lessee from liability hereunder. Lessor shall in no event be liable in any way whatsoever for failure to relet the Leased Premises and the improvements Building or, in the event the Leased Premises and the Improvements Building are relet, for failure to collect rent thereof under such reletting; and in no event shall Lessee be entitled to receive any excess of such rent over the sums payable by Lessee to Lessor hereunder; provided, however, that Lessor shall during such time as Lessor is in possession of the Leased Premises as the result of any re-entry by Lessor hereunder, and prior to any termination of this Lease, exercise reasonable efforts to cause tenant space in the Leased Premises to be leased.

Appears in 1 contract

Samples: Lease Agreement (FFP Marketing Co Inc)

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