Re-letting. In the event Landlord re-enters upon the Leased Premises as provided in Clause (iii) of foregoing Subparagraph (b), or takes possession of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by law, Landlord may either terminate this Lease, or from time to time without terminating this Lease, make alterations and repairs for the purpose of re-letting the Leased Premises and re-let the Leased Premises or any part thereof for such term or terms (which may extend beyond the Lease Term) at such rental and upon such other terms and conditions as Landlord reasonably deems advisable. If Landlord fails to re-let the Leased Premises, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-letting, all rentals received from such re-letting shall be applied: first to payment of costs of such alterations and repairs; second, to the payment of Base Rent, Additional Rent and any other indebtedness due and unpaid hereunder; and the remainder, if any, shall be held by Landlord and applied in payment of future Base Rent and Additional Rent as it becomes due and payable hereunder. If the rentals received from such re-letting during any month are less than amounts to be paid hereunder by Xxxxxx during that month, Tenant shall pay any such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. No re-entry or taking of possession by Landlord of the Leased Premises shall be construed as an election to terminate this Lease unless a written notice of termination is given to Tenant. Notwithstanding any re-letting without termination, Landlord may at any time thereafter elect to terminate this Lease for Tenant’s previous default.
Appears in 1 contract
Samples: Lease (Aqua Power Systems Inc.)
Re-letting. In the event Landlord re-enters upon the Leased Premises as provided in Clause (iii) of the foregoing Subparagraph (b), Section 13.02 or takes possession of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by lawPremises, Landlord may either terminate this LeaseLease or, or from time to time without terminating this Lease, Lease make alterations alternations and repairs reasonably necessary for the purpose of re-letting the Leased Premises and re-let the Leased Premises or any part thereof for such term or terms (which may extend beyond the Lease Term) at such rental and upon such other terms and conditions as Landlord reasonably in its reasonable discretion deems advisable. If Landlord fails to re-let the Leased Premises, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-letting, all rentals received from such re-letting shall be applied: applied first to payment of costs of such alterations and repairs; second, to the payment of Base Rent, Additional Rent rent and any other indebtedness due and unpaid hereunder; and the remainder, if any, shall be held by Landlord and applied in payment of future Base rent. Tenant shall be liable to Landlord for the difference between Tenant’s Rent and Additional Rent as it becomes due other charges herein provided and payable hereunder. If the rentals rental and other charges received from such re-letting during any month are less than amounts to be paid hereunder letting. Any such difference (or the entire rental in the event the Leased Premises is not relet) owing by Xxxxxx during that month, Tenant shall pay any such deficiency to Landlord. Such deficiency for the entire remainder of the Lease Term shall be calculated due and paid monthlymay be recovered at once, at the option of the Landlord, without awaiting the expiration of the Lease Term; in which case, recovery shall be based upon the best estimates of the amounts thereof available at that time without releasing Tenant from liability for payment of all amounts due under this Lease. No re-re- entry or taking of possession possessions by Landlord of the Leased Premises shall be construed as an election to terminate this Lease unless a written notice of termination is given to Tenant. Notwithstanding any re-re- letting without termination, Landlord may at any time thereafter elect to terminate this Lease for Tenant’s previous default. Landlord shall take commercially reasonable steps to re-let the Leased Premises to mitigate Landlord’s Damages which result from Tenant’s Default.
Appears in 1 contract
Samples: Sublease Agreement
Re-letting. In the event If Landlord re-enters upon the Leased Premises as provided in Clause (iii) of foregoing Subparagraph (b)Section 16.2.3, or takes possession of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by law, Landlord may either terminate this Lease, or from time to time without terminating this Lease, make alterations and repairs for the purpose of re-letting the Leased Premises and re-let the Leased Premises or any part thereof for such term or terms (which may extend beyond the Lease Term) at such rental and upon such other terms and conditions as Landlord reasonably in its sole discretion deems advisable. If Landlord fails to re-let the Leased Premises, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-letting, all rentals received from such re-letting shall be applied: applied first to payment of the reasonable costs of such re-letting, including leasing commissions, rental and other concessions, demolition, alterations and repairs; second, to the payment of Base Rent, Additional Rent rent and any other indebtedness due and unpaid hereunder; and the remainder, if any, shall be held by Landlord and applied in payment of future Base Rent and Additional Rent rent as it becomes due and payable hereunder. If the rentals received from such re-letting during any month are less than amounts to be paid hereunder by Xxxxxx Tenant during that month, Tenant shall pay any such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. No re-entry or taking of possession by Landlord of the Leased Premises shall be construed as an election to terminate this Lease unless a written notice of termination is given to Tenant. Notwithstanding any re-letting without termination, Landlord may at any time thereafter elect to terminate this Lease for Tenant’s 's previous default.
Appears in 1 contract
Samples: Office Space Lease
Re-letting. In the event Landlord re-enters upon the Leased Premises as provided in Clause (iii) of foregoing Subparagraph (b), or takes possession of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by law, Landlord may either terminate this Lease, or from time to time without terminating this Lease, make alterations and repairs for the purpose of re-letting the Leased Premises and re-let the Leased Premises or any part thereof for such term or terms (which may extend beyond the Lease Termterm of this Lease) at such rental and upon such other terms and conditions as Landlord reasonably deems advisable. If Landlord fails to re-let the Leased Premises, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-letting, all rentals received from such re-letting shall be applied: first to payment of costs of such alterations and repairs; second, to the payment of Base Rent, Additional Rent and any other indebtedness due and unpaid hereunder; and the remainder, if any, shall be held by Landlord and applied in payment of future Base Rent and Additional Rent as it becomes due and payable hereunder. If the rentals received from such re-letting during any month are less than amounts to be paid hereunder by Xxxxxx Tenant during that month, Tenant shall pay any such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. No re-entry or taking of possession by Landlord of the Leased Premises shall be construed as an election to terminate this Lease unless a written notice of termination is given to Tenant. Notwithstanding any re-letting without termination, Landlord may at any time thereafter elect to terminate this Lease for Tenant’s previous default.
Appears in 1 contract
Samples: Lease (Ener1 Inc)
Re-letting. In the event If Landlord re-enters upon the Leased Premises as provided in Clause (iii) of foregoing Subparagraph (bSubsection 19(b)(iii), or takes possession of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by lawthe Applicable Laws, then Landlord either may either terminate this Lease, or or, from time to time without terminating this Lease, make alterations and repairs for the purpose of re-letting the Leased Premises and re-let the Leased Premises or any part thereof for such term or terms (which may extend beyond the Lease Termterm of this Lease) at such rental and upon such other terms and conditions as Landlord reasonably deems advisable. If Landlord fails to re-let the Leased Premises, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-letting, all rentals received from such re-letting shall be appliedapplied in the following order: first (i) first, to payment of reasonable costs and expenses incurred by Landlord in connection with such re-entry or taking of possession and making such reasonable alterations and repairs; (ii) second, to the payment of Base Rent, Additional Rent and any other outstanding indebtedness due and unpaid hereunderof Tenant to Landlord hereunder or in connection herewith; and (iii) the remainder, if any, shall be held by Landlord and applied in payment of future Base Rent and Additional Rent as it becomes due and payable hereunder. If the rentals received from such re-letting during any month are less than amounts to be paid the full amount of Rent payable hereunder by Xxxxxx during that month, then Tenant shall pay any such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. No re-entry or taking of possession by Landlord of the Leased Premises shall be construed as an election to terminate this Lease Lease, or as an acceptance of a surrender of the Leased Premises, unless a written notice of termination 32 or acceptance of surrender is given delivered by Landlord to Tenant. Notwithstanding any re-letting without termination, Landlord may at any time thereafter may elect to terminate this Lease for Tenant’s 's previous defaultTenant Default. Landlord shall use reasonable efforts to mitigate its damages in the event of a Tenant Default; provided that it shall remain Tenant's burden of proof to establish that Landlord failed to use reasonable efforts to mitigate such damages.
Appears in 1 contract
Samples: Lease (Brightpoint Inc)
Re-letting. In the event Landlord re-enters upon the Leased Premises as provided in Clause (iii) of the foregoing Subparagraph (b), Section 13.02 or takes possession of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by lawPremises, Landlord may either terminate this Lease, or from time to time without terminating this Lease, make alterations alternations and repairs reasonably necessary for the purpose of re-letting the Leased Premises and re-let the Leased Premises or any part thereof for such term or terms (which may extend beyond the Lease Term) at such rental and upon such other terms and conditions as Landlord reasonably in its reasonable discretion deems advisable. If Landlord fails to re-let the Leased Premises, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-letting, all rentals received from such re-letting shall be applied: applied first to payment of costs of such alterations and repairs; second, second to the payment of Base Rent, Additional Rent rent and any other indebtedness due and unpaid hereunder; and the remainder, if any, shall be held by Landlord and applied in payment of future Base Rent rent. Tenant shall be liable to Landlord for the difference between the Tenant’s rent and Additional Rent as it becomes due other charges herein provided, and payable hereunder. If the rentals rental and other charges received from such re-letting during any month are less than amounts to be paid hereunder letting. Any such difference (or the entire rental in the event the Leased Premises is not relet) owing by Xxxxxx during that month, Tenant shall pay any such deficiency to Landlord. Such deficiency for the entire remainder of the Lease Term shall be calculated due and paid monthlymay be recovered at once, at the option of the Landlord, without awaiting the expiration of the Lease Term; in which case, recovery shall be based upon the best estimates of the amounts thereof available at that time without releasing Tenant from liability for payment of all amounts due under this Lease. No re-entry or taking of possession possessions by Landlord of the Leased Premises shall be construed as an election to terminate this Lease unless a written notice of termination is given to Tenant. Notwithstanding any re-letting without termination, Landlord may at any time thereafter elect to terminate this Lease for Tenant’s previous default.
Appears in 1 contract
Samples: Sublease Agreement
Re-letting. In the event Landlord re-enters upon the Leased Premises as provided in Clause (iii) of the foregoing Subparagraph (b), Section 13.02 or takes possession of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by lawPremises, Landlord may either terminate this Lease, or from time to time without terminating this Lease, make alterations alternations and repairs reasonably necessary for the purpose of re-letting the Leased Premises and re-let the Leased Premises or any part thereof for such term or terms (which may extend beyond the Lease Term) at such rental and upon such other terms and conditions as Landlord reasonably in its reasonable discretion deems advisable. If Landlord fails to re-let the Leased Premises, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-letting, all rentals received from such re-letting shall be applied: applied first to payment of costs of such alterations and repairs; second, second to the payment of Base Rent, Additional Rent rent and any other indebtedness due and unpaid hereunder; and the remainder, if any, shall be held by Landlord and applied in payment of future Base Rent rent. Tenant shall be liable to Landlord for the difference between the Tenant’s rent and Additional Rent as it becomes due other charges herein provided, and payable hereunder. If the rentals rental and other charges received from such re-letting during any month are less than amounts to be paid hereunder letting. Any such difference (or the entire rental in the event the Leased Premises is not relet) owing by Xxxxxx during that month, Tenant shall pay any such deficiency to Landlord. Such deficiency for the entire remainder of the Lease Term shall be calculated due and paid monthlymay be recovered at once, at the option of the Landlord, without awaiting the expiration of the Lease Term; in which case, recovery shall be based upon the best estimates of the amounts thereof available at that time without releasing Tenant from liability for payment of all amounts due under this Lease. No re-re- entry or taking of possession possessions by Landlord of the Leased Premises shall be construed as an election to terminate this Lease unless a written notice of termination is given to Tenant. Notwithstanding any re-re- letting without termination, Landlord may at any time thereafter elect to terminate this Lease for Tenant’s previous default.
Appears in 1 contract
Samples: Sublease Agreement
Re-letting. In the event Landlord re-enters upon the Leased Premises as provided in Clause (iii) of the foregoing Subparagraph (b), Section 13.02 or takes possession of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by lawPremises, Landlord may either terminate this LeaseLease or, or from time to time without terminating this Lease, Lease make alterations alternations and repairs reasonably necessary for the purpose of re-letting the Leased Premises and re-let the Leased Premises or any part thereof for such term or terms (which may extend beyond the Lease Term) at such rental and upon such other terms and conditions as Landlord reasonably in its reasonable discretion deems advisable. If Landlord fails to re-let the Leased Premises, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-letting, all rentals received from such re-letting shall be applied: applied first to payment of costs of such alterations and repairs; second, to the payment of Base Rent, Additional Rent rent and any other indebtedness due and unpaid hereunder; and the remainder, if any, shall be held by Landlord and applied in payment of future Base rent. Tenant shall be liable to Landlord for the difference between Xxxxxx’s Rent and Additional Rent as it becomes due other charges herein provided and payable hereunder. If the rentals rental and other charges received from such re-letting during any month are less than amounts to be paid hereunder letting. Any such difference (or the entire rental in the event the Leased Premises is not relet) owing by Xxxxxx during that month, Tenant shall pay any such deficiency to Landlord. Such deficiency for the entire remainder of the Lease Term shall be calculated due and paid monthlymay be recovered at once, at the option of the Landlord, without awaiting the expiration of the Lease Term; in which case, recovery shall be based upon the best estimates of the amounts thereof available at that time without releasing Tenant from liability for payment of all amounts due under this Lease. No re-re- entry or taking of possession possessions by Landlord of the Leased Premises shall be construed as an election to terminate this Lease unless a written notice of termination is given to Tenant. Notwithstanding any re-re- letting without termination, Landlord may at any time thereafter elect to terminate this Lease for Tenant’s previous default. Landlord shall take commercially reasonable steps to re-let the Leased Premises to mitigate Landlord’s Damages which result from Xxxxxx’s Default.
Appears in 1 contract
Samples: Sublease Agreement
Re-letting. In the event Landlord re-enters upon the Leased Premises as provided in Clause clause (iiic) of or the foregoing Subparagraph (b), Section 13.02 or takes possession of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by law, Landlord may either terminate this Lease, or from time to time without terminating this Lease, make alterations alternations and repairs reasonably necessary for the purpose of re-letting the Leased Premises and re-let the Leased Premises or any part thereof for such term or terms (which may extend beyond the Lease Termterm of this Lease) at such rental and upon such other terms and conditions as Landlord reasonably in its reasonable discretion deems advisable. If Landlord fails to re-let the Leased Premises, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-lettingreletting, all rentals received from such re-letting shall be applied: applied first to payment of costs of such alterations and repairs; second, second to the payment of Base Rent, Additional Rent rent and any other indebtedness due and unpaid hereunder; and the remainder, if any, shall be held by Landlord and applied in payment of future Base Rent and Additional Rent rent as it becomes due and payable hereunder. If the rentals received from such re-letting during any month are less than amounts to be paid hereunder by Xxxxxx Tenant during that month, Tenant shall pay any such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. No re-entry or taking of possession possessions by Landlord of the Leased Premises shall be construed as an election to terminate this Lease unless a written notice of termination is given to Tenant. Notwithstanding any re-re- letting without termination, Landlord may at any time thereafter elect to terminate this Lease for Tenant’s 's previous default. Notwithstanding any other provisions contained in this Lease, in the event the depository institution then operating on the Leased Premises is closed, or is taken over by any depository institution supervisory authority ("Authority"), Landlord may, in either such event, terminate this Lease only with the concurrence of any Receiver or Liquidator appointed by such Authority; provided, that in the event this Lease is so terminated by the Receiver or Liquidator, the maximum claim of Landlord for rent, damages or indemnity for injury resulting from the termination, rejection or abandonment of the unexpired Lease shall by law in no event be in an amount equal to all accrued and unpaid rent to the date of termination.
Appears in 1 contract
Re-letting. In If, pursuant to the event provisions of this Lease, Landlord re-enters upon becomes entitled to elect, and Landlord does elect, without terminating the Leased Premises Lease, to endeavor to relet the Premises, Landlord may, at Landlord's option, enter into the Premises, remove Tenant's signs and other evidence of tenancy, and take and hold possession thereof as provided in Clause Paragraph (iiic) of foregoing Subparagraph (b)this Section provided, without such entry and possession terminating the Lease or takes releasing Tenant, in whole or in part, from Tenant's obligation to pay the Rent hereunder for the full term as hereinafter provided. Upon and after entry into possession without termination of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by lawLease, Landlord may either terminate this Lease, or from time to time without terminating this Lease, make alterations and repairs for relet the purpose of re-letting the Leased Premises and re-let the Leased Premises or any part thereof for the account of Tenant to any person, firm or corporation other than Tenant for such term or terms (which may extend beyond the Lease Term) at rent, for such rental time and upon such other terms and conditions as Landlord reasonably deems advisableshall determine to be reasonable. In any such case, Landlord may make repairs, alterations and additions in or to the Premises, and redecorate the same to the extent deemed by Landlord necessary or desirable, and Tenant shall, upon demand, pay the reasonable cost thereof, together with Landlord's reasonable expenses of the reletting. If the consideration collected by Landlord fails upon any such reletting for Tenant's account is not sufficient to re-let pay monthly the Leased Premisesfull amount of the Rent reserved in this Lease, together with the cost of repairs, alterations, additions, redecorating and Landlord's expenses, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance amount of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-letting, all rentals received from such re-letting shall be applied: first to payment of costs of such alterations and repairs; second, to the payment of Base Rent, Additional Rent and any other indebtedness due and unpaid hereunder; and the remainder, if any, shall be held by Landlord and applied in payment of future Base Rent and Additional Rent as it becomes due and payable hereunder. If the rentals received from such re-letting during any month are less than amounts to be paid hereunder by Xxxxxx during that month, Tenant shall pay any such monthly deficiency to Landlord. Such deficiency shall be calculated and paid monthly. No re-entry or taking of possession by Landlord of the Leased Premises shall be construed as an election to terminate this Lease unless a written notice of termination is given to Tenant. Notwithstanding any re-letting without termination, Landlord may at any time thereafter elect to terminate this Lease for Tenant’s previous defaultupon demand.
Appears in 1 contract
Re-letting. In the event Landlord re-enters upon the Leased Premises as provided in Clause (iii) of foregoing Subparagraph (b), or takes possession of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by law, Landlord may either terminate this Lease, or from time to time without terminating this Lease, make alterations and repairs for the purpose of re-letting the Leased Premises and re-let the Leased Premises or any part thereof for such term or terms (which may extend beyond the Lease Term) at such rental and upon such other terms and conditions as Landlord reasonably deems advisable. If Landlord fails to re-let the Leased Premises, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-letting, all rentals received from such re-letting shall be applied: first to payment of costs of such alterations and repairs; second, to the payment of Base Rent, Additional Rent and any other indebtedness due and unpaid hereunder; and the remainder, if any, shall be held by Landlord and applied in payment of future Base Rent and Additional Rent as it becomes due and payable hereunder. If the rentals received from such re-letting during any month are less than amounts to be paid hereunder by Xxxxxx Tenant during that month, Tenant shall pay any such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. No re-entry or taking of possession by Landlord of the Leased Premises shall be construed as an election to terminate this Lease unless a written notice of termination is given to Tenant. Notwithstanding any re-letting without termination, Landlord may at any time thereafter elect to terminate this Lease for Tenant’s previous default.
Appears in 1 contract
Re-letting. In the event Landlord re-enters upon the Leased Premises as provided in Clause (iii) of foregoing Subparagraph (b)If, or takes possession of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by law, Landlord may either terminate the provisions of this Lease, or from time Landlord becomes entitled to time elect, and Landlord does elect, without terminating this Lease, make alterations to endeavor to relet the Premises, Landlord may, at Landlord's option, enter into the Premises, remove Tenant's signs and repairs other evidence of tenancy, and take and hold possession thereof as in subsection ( c ) of this section provided, without such entry and possession terminating this Lease or releasing Tenant, in whole or in part, from Tenant's obligation to pay the Rent hereunder for the purpose full term as hereinafter provided. Upon and after entry into possession without termination of re-letting this Lease, Landlord may relet the Leased Premises and re-let the Leased Premises or any part thereof for the account of Tenant to any person, firm or corporation other than Tenant for such term or terms (which may extend beyond the Lease Term) at rent, for such rental time and upon such other terms and conditions as Landlord reasonably deems advisableshall determine to be reasonable. In any such case, Landlord may make repairs, alterations and additions in or to the Premises, and redecorate the same to the extent deemed by Landlord necessary or desirable, and Tenant shall, upon demand, pay the reasonable cost thereof, together with Landlord's reasonable expenses of the reletting. If the consideration collected by Landlord fails upon any such reletting for Tenant's account is not sufficient to re-let pay monthly the Leased Premisesfull amount of the Rent reserved in this Lease, together with the cost of repairs, alterations, additions, redecorating and Landlord's expenses, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance amount of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-letting, all rentals received from such re-letting shall be applied: first to payment of costs of such alterations and repairs; second, to the payment of Base Rent, Additional Rent and any other indebtedness due and unpaid hereunder; and the remainder, if any, shall be held by Landlord and applied in payment of future Base Rent and Additional Rent as it becomes due and payable hereunder. If the rentals received from such re-letting during any month are less than amounts to be paid hereunder by Xxxxxx during that month, Tenant shall pay any such monthly deficiency to Landlord. Such deficiency shall be calculated and paid monthly. No re-entry or taking of possession by Landlord of the Leased Premises shall be construed as an election to terminate this Lease unless a written notice of termination is given to Tenant. Notwithstanding any re-letting without termination, Landlord may at any time thereafter elect to terminate this Lease for Tenant’s previous defaultupon demand.
Appears in 1 contract
Samples: Agreement of Lease (X Ramp Com Inc)
Re-letting. In the event Should Landlord elect to re-enters upon the Leased Premises enter, as provided in Clause (iii) of foregoing Subparagraph (b)herein provided, or takes should it take possession of the Leased Premises pursuant to legal proceedings or pursuant to any notice provided for by law, Landlord it may either terminate this Lease, Lease or it may from time to time without terminating this Lease, make such reasonable alterations and reasonable repairs for the purpose of as may be necessary in order to re-letting let the Leased Premises premises, and re-let the Leased Premises said premises or any part thereof for such term or terms (which may extend be for a term extending beyond the Lease Termterm of this Lease) and at such rental or rentals and upon such other terms and conditions as Landlord reasonably deems in its discretion may deem advisable. If Landlord fails to ; upon each such re-let the Leased Premises, Tenant shall pay to Landlord the Base Rent and Additional Rent reserved in this Lease for the balance of the Lease Term as those amounts become due in accordance with the terms of this Lease. Upon each re-letting, letting all rentals received by the Landlord from such re-letting shall be applied: applied first to the payment of costs of such alterations and repairsany indebtedness, other than rent due hereunder from Tenant to Landlord; second, to the payment of Base Rentany costs and expenses of such re-letting, Additional Rent including brokerage fees and any other indebtedness attorneys' fees and of costs of such reasonable alterations and reasonable repairs; third, to the payment of rent due and unpaid hereunder; and the remainderresidue, if any, shall be held by Landlord and applied in payment of future Base Rent and Additional Rent rent as it becomes the same may become due and payable hereunder. If the such rentals received from such re-letting during any month are be less than amounts that to be paid hereunder by Xxxxxx during that monthmonth by Tenant hereunder, Tenant shall pay any such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. No such re-entry or taking possession of possession said premises by Landlord of the Leased Premises landlord shall be construed as an election on its part to terminate this Lease unless a written notice of termination is such intention be given to TenantTenant or unless the termination thereof be decreed by a Court of competent jurisdiction. Notwithstanding any such re-letting without termination, Landlord may at any time thereafter elect to terminate this Lease for any such previous breach. Should Landlord at any time terminate this Lease for any breach, in addition to any other remedies it may have, it may recover from Tenant’s previous default, damages it may incur by reason of such breach, including reasonable attorneys' fees and other costs of recovering the leased premises.
Appears in 1 contract
Samples: Agreement (V Twin Acquisitions Inc)