Reletting Expenses Damages. If this Lease is terminated for default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's reasonable costs and expenses related thereto or in collecting amounts due hereunder, including attorneys fees, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducements, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like ("Reletting Expenses"). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which may at Landlord's option be equal to or less than or exceed the period which would otherwise have constituted the balance of the Term, and may grant such tenant inducements as Landlord in its sole judgment considers advisable, and (ii) make such alterations, repairs and decorations in the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's liability. Any obligation to relet the Premises imposed upon Landlord by law shall be subject to Landlord's reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. Landlord's Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due and payable immediately from time to time upon notice from Landlord.
Appears in 4 contracts
Samples: Lease (Dayton Superior Corp), Lease (Dayton Superior Corp), Lease (Dayton Superior Corp)
Reletting Expenses Damages. If the Term of this Lease is terminated for defaultan Event of Default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's ’s reasonable costs costs, including reasonable attorneys fees, related to Tenant’s Event of Default and expenses related thereto or in collecting amounts due hereunder, including attorneys fees, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like together with an administrative charge of fifteen percent ("15%) of all the foregoing costs (“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent, as Landlord in its sole judgment discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation to relet the Premises imposed upon Landlord by law shall will be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etcterms and the like. Landlord's ’s Reletting Expenses together with all other sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall termination will be due and payable immediately from time to time upon notice from Landlorddemand.
Appears in 2 contracts
Samples: Lease Agreement (Xenetic Biosciences, Inc.), Lease Agreement (Xenetic Biosciences, Inc.)
Reletting Expenses Damages. If this Lease is terminated for defaultTenant’s Event of Default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay on demand by Landlord all of Landlord's ’s reasonable costs costs, including reasonable attorneys’ fees and expenses costs, related thereto or to Tenant’s default and in collecting amounts due hereunder, including attorneys feesdue, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like like, together with an administrative charge of ten ("10%) percent of all the foregoing costs (“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent, as Landlord in its sole judgment discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any Except to the extent imposed by applicable law, Landlord shall have no obligation to relet the Premises or any portion thereof, and any obligation to relet imposed upon Landlord by law shall will be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. Landlord's Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due terms and payable immediately from time to time upon notice from Landlordthe like.
Appears in 2 contracts
Samples: Lease (C4 Therapeutics, Inc.), Lease (C4 Therapeutics, Inc.)
Reletting Expenses Damages. If this Lease is terminated for defaultTenant’s Event of Default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay within ten (10) days of written demand by Landlord all of Landlord's ’s reasonable costs out of pocket costs, including reasonable attorneys’ fees and expenses costs, related thereto or to Tenant’s default and in collecting amounts due hereunder, including attorneys feesdue, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, and expenses of preparing the Premises for reletting and the like reletting, together with an Administrative Charge as set forth in Section 13.02(e) ("“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent, as Landlord in its sole judgment discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any Except to the extent imposed by applicable law, Landlord shall have no obligation to relet the Premises or any portion thereof, and any obligation to relet imposed upon Landlord by law shall will be subject to (i) Landlord's ’s right, at its option, to first lease other space in the Unit which is then (or which will soon thereafter become) available for lease, and (ii) Landlord’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. Landlord's Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due terms and payable immediately from time to time upon notice from Landlordthe like.
Appears in 2 contracts
Samples: Lease Agreement (Vigil Neuroscience, Inc.), Lease Agreement (Vigil Neuroscience, Inc.)
Reletting Expenses Damages. If the Term of this Lease is terminated for defaultan Event of Default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's ’s reasonable costs out-of-pocket costs, including reasonable attorneys’ fees, related to Tenant’s Event of Default and expenses related thereto or in collecting amounts due hereunder, including attorneys fees, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like together with an administrative charge of fifteen percent ("15%) of all the foregoing costs (“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent, as Landlord in its sole judgment discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation to relet the Premises imposed upon Landlord by law shall will be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etcterms and the like. Landlord's ’s Reletting Expenses together with all other sums otherwise provided for in this Lease, whether incurred prior to or after such terminationtermination will be due upon demand. Subject to the conditions and limitations hereafter set forth, Landlord agrees to use commercially reasonable efforts to relet the Premises to another tenant after Tenant vacates the Premises in the event that this Lease is terminated by Landlord as the result of an Event of Default hereunder. Marketing of the Premises in a manner similar to the manner in which Landlord markets other premises within Landlord’s control in the Building shall be due deemed to have satisfied Landlord’s obligation to use “commercially reasonable efforts” to relet the Premises. In no event shall Landlord be required to (a) solicit or entertain negotiations with any other prospective tenants for the Premises until Landlord obtains full and payable immediately from time complete possession of the Premises including, without limitation, the final and unappealable legal right to time relet the Premises free of any claim of Tenant, (b) relet the Premises before leasing other vacant space in the Building, (c) lease the Premises for a rental or upon notice from terms and conditions less than the current fair market rental and terms and conditions then prevailing for similar office space in the Building, (d) enter into a lease with any proposed tenant that does not have, in Landlord’s good faith opinion, sufficient financial resources or operating experience to operate the Premises in a first-class manner, or (e) relet the Premises for a use that is inconsistent with other uses in the Building or inconsistent with Landlord’s leasing program for the Building.
Appears in 2 contracts
Samples: Lease Agreement (Keros Therapeutics, Inc.), Lease Agreement (Keros Therapeutics, Inc.)
Reletting Expenses Damages. If this Lease is terminated for default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's ’s reasonable costs and expenses related thereto or in collecting amounts due hereunder, including reasonable attorneys fees, and all of Landlord's ’s reasonable expenses in connection with such reletting, including without limitation, tenant inducements, brokerage commissionscommissions (to the extent the same are allocable to the Term), fees for legal services, services and expenses of preparing the Demised Premises for reletting (other than tenant inducements and the like tenant improvements) ("“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Demised Premises or any part or parts thereof for a term or terms which may at Landlord's ’s option be equal to or less than or exceed the period which would otherwise have constituted the balance of the Term, and may grant such tenant inducements as Landlord in its sole but commercially reasonable judgment considers advisable, and (ii) make such alterations, repairs and decorations in the Demised Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation to relet the Premises imposed upon Landlord by law shall be subject to Landlord's reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. Landlord's ’s Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due and payable immediately from time to time upon notice from Landlord.
Appears in 2 contracts
Reletting Expenses Damages. If this Lease is terminated for default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's ’s reasonable costs and expenses related thereto or in collecting amounts due hereunder, including attorneys reasonable attorneys’ fees, and all of Landlord's ’s reasonable expenses in connection with such reletting, including without limitation, tenant inducements, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like ("“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which may at Landlord's ’s option be equal to or less than or exceed the period which would otherwise have constituted the balance of the Term, and may grant such tenant inducements as Landlord in its sole judgment considers advisable, and (ii) make such alterations, repairs and decorations in the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation to relet the Premises imposed upon Landlord by law shall be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. Landlord's ’s Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due and payable immediately from time to time upon notice from Landlord. Landlord shall use commercially reasonable efforts to mitigate its damages.
Appears in 2 contracts
Samples: Lease Agreement (Olink Holding AB (Publ)), Lease Agreement (Olink Holding AB (Publ))
Reletting Expenses Damages. If this Lease is terminated for default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's ’s reasonable costs and expenses related thereto or in collecting amounts due hereunder, including attorneys attorneys’ fees, and all of Landlord's ’s reasonable expenses in connection with such reletting, including without limitation, tenant inducements, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like ("“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which may at Landlord's ’s option be equal to or less than or exceed the period which would otherwise have constituted the balance of the Term, and may grant such tenant inducements as Landlord in its sole judgment considers advisable, and (ii) make such alterations, repairs and decorations in the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation to relet the Premises imposed upon Landlord by law shall be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. Landlord's ’s Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due and payable immediately from time to time upon notice from Landlord. Landlord shall use commercially reasonable efforts to mitigate its damages.
Appears in 1 contract
Samples: Lease (Netezza Corp)
Reletting Expenses Damages. If the Term of this Lease is terminated for defaultan Event of Default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's reasonable ’s costs and expenses expenses, including without limitation attorneys’ fees, reasonably incurred by Landlord related thereto or to Tenant’s default and in collecting amounts due hereunder, including attorneys fees, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, expenses of preparing the Premises or part of parts thereof for reletting and the like ("collectively, “Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than than, or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent and other concessions, as Landlord in its sole judgment good faith discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises or part or parts thereof as Landlord in its sole good faith discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's liability’s liability hereunder. Any obligation imposed under applicable law on Landlord to use reasonable efforts to relet the Premises imposed upon Landlord by law shall be subject to Landlord's ’s reasonable objectives of developing its property and leasing space in the Building to reputable first-class tenants in a harmonious manner with appropriate mixes of tenants, uses, floor areas, termsterms and the like, etcand in no event shall Landlord shall be obligated to relet the Premises or any portion thereof to any party to whom Landlord or its affiliate may desire to lease other available space in the Building or the Project. Landlord's ’s Reletting Expenses Expenses, together with all other sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due and payable immediately from Tenant to Landlord upon Landlord’s demand from time to time upon notice from Landlordtime.
Appears in 1 contract
Samples: Lease Agreement (Cerevel Therapeutics Holdings, Inc.)
Reletting Expenses Damages. If this Lease is terminated for default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's reasonable costs and expenses related thereto or in collecting amounts due hereunder, including attorneys fees, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducements, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like ("Reletting Expenses"). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which may at Landlord's option be equal to or less than or exceed the period which would otherwise have constituted the balance of the Term, and may grant such tenant inducements as Landlord in its sole judgment considers advisableadvisable given the then current market conditions, and (ii) make such alterations, repairs and decorations in the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's liability. Any obligation to relet the Premises imposed upon Landlord by law shall be subject to Landlord's reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. LandlordXxxxxxxx's Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due and payable immediately from time to time upon notice from Landlord.
Appears in 1 contract
Reletting Expenses Damages. If this Lease is terminated for default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's ’s reasonable costs and expenses related thereto or in collecting amounts due hereunder, including attorneys attorneys’ fees, and all of Landlord's ’s reasonable expenses in connection with such reletting, including without limitation, tenant inducements, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like ("“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which may at Landlord's ’s option be equal to or less than or exceed the period which would otherwise have constituted the balance of the Term, and may grant such tenant inducements as Landlord in its sole judgment considers advisable, and (ii) make such alterations, repairs and decorations in the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation to relet the Premises imposed upon Landlord by law shall be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. Landlord's ’s Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due and payable immediately from time to time upon notice from Landlord.
Appears in 1 contract
Reletting Expenses Damages. If this Lease is terminated for default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's ’s reasonable costs and expenses related thereto or in collecting amounts due hereunder, including attorneys attorneys’ fees, and all of Landlord's ’s reasonable expenses in connection with such reletting, including without limitation, tenant inducements, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like ("“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which may at Landlord's ’s option be equal to or less than or exceed the period which would otherwise have constituted the balance of the Term, and may grant such tenant inducements as Landlord in its sole judgment considers advisable, and (ii) make such alterations, repairs and decorations in the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation to relet the Premises imposed upon Landlord by law shall be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. Landlord's ’s Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due and payable immediately from time to time upon notice from Landlord.
Appears in 1 contract
Reletting Expenses Damages. If the Term of this Lease is terminated for default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's ’s reasonable costs and expenses expenses, including without limitation reasonable attorneys’ fees, related thereto or to Tenant’s default and in collecting amounts due hereunder, including attorneys fees, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, expenses of preparing the Premises or part of parts thereof for reletting and the like ("collectively, “Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than than, or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent and other concessions, as Landlord in its sole judgment good faith discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises or part or parts thereof as Landlord in its sole good faith discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's liability’s liability hereunder. Any obligation imposed under applicable law on Landlord to use reasonable efforts to relet the Premises imposed upon Landlord by law shall be subject to Landlord's ’s reasonable objectives of developing and leasing its property and the Project to reputable first-class tenants in a harmonious manner with appropriate mixes of tenants, uses, floor areas, termsterms and the like, etcand in no event shall Landlord shall be obligated to relet the Premises or any portion thereof to any party to whom Landlord or its affiliate may desire to lease other available space in the Project. Landlord's ’s Reletting Expenses Expenses, together with all other sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due and payable immediately from Tenant to Landlord upon Landlord’s demand from time to time upon notice from Landlordtime.
Appears in 1 contract
Reletting Expenses Damages. If the Term of this Lease is terminated for default, then Tenant covenants, as an additional cumulative obligation after such and Landlord relets the Premises within ninety (90) days of lease termination, Landlord shall be entitled to pay deduct from any credit due Tenant under Section 14.02(b) all of Landlord's reasonable costs costs, including reasonable attorneys fees, related to Tenant's default and expenses related thereto or in collecting amounts due hereunder, including attorneys fees, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like together with an administrative charge of 5% of all the foregoing costs ("Reletting ExpensesRELETTING EXPENSES"). If Landlord does not relet the Premises within ninety (90) days of lease termination, Tenant covenants, as an additional cumulative obligation after such ninety (90) day period, to pay Landlord's Reletting Expenses as and when incurred, and upon demand. It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent, as Landlord in its sole judgment discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's liability. Any obligation to relet the Premises imposed upon Landlord by law shall will be subject to Landlord's reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. Landlord's Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due terms and payable immediately from time to time upon notice from Landlordthe like.
Appears in 1 contract
Samples: Lease Agreement (Metabolix, Inc.)
Reletting Expenses Damages. If this Lease the Term is terminated for default, then the Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's reasonable costs costs, including reasonable attorneys fees, related to Tenant's default and expenses related thereto or in collecting amounts due hereunder, including attorneys fees, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like together with an administrative charge of 10% of all the foregoing costs ("Reletting Expenses"). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent, as Landlord in its sole judgment discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's liability. Any obligation to relet the Premises imposed upon Landlord by law shall will be subject to Landlord's reasonable objectives of leasing the Premises to a creditworthy Tenant with financial capacity at least equal to that of Tenant at the Commencement Date and of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etcterms and the like. Landlord's Reletting Expenses together with all other sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall termination will be due and payable immediately from time to time upon notice from Landlorddemand.
Appears in 1 contract
Samples: Lease Agreement (Parlex Corp)
Reletting Expenses Damages. If the Term of this Lease is terminated for defaultan Event of Default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's ’s reasonable costs out-of-pocket costs, including reasonable attorneys’ fees, related to Tenant’s Event of Default and expenses related thereto or in collecting amounts due hereunder, including attorneys fees, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and/or providing allowances (in either such case to a commercially reasonable extent or amount, as compared to the market), and the like together with an administrative charge of ten percent ("10%) of all the foregoing costs (“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent, as Landlord in its sole judgment discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation to relet the Premises imposed upon Landlord by law shall will be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etcterms and the like. Landlord's Xxxxxxxx’s Reletting Expenses together with all other sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall termination will be due and payable immediately from time to time upon notice from Landlorddemand.
Appears in 1 contract
Samples: Lease Agreement (Curis Inc)
Reletting Expenses Damages. If the Term of this Lease is terminated for defaultan Event of Default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's ’s reasonable costs costs, including reasonable attorneys fees, related to Tenant’s Event of Default and expenses related thereto or in collecting amounts due hereunder, including attorneys fees, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, reasonable fees for legal services, expenses of preparing the Premises for reletting and the like together with an administrative charge of ten percent ("10%) of all the foregoing costs (“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent, as Landlord in its sole judgment discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation to relet the Premises imposed upon Landlord by law shall will be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etcterms and the like. Landlord's ’s Reletting Expenses together with all other sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall termination will be due and payable immediately from time to time upon notice from Landlorddemand.
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Reletting Expenses Damages. If this Lease is terminated for default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's reasonable costs and expenses related thereto or in collecting amounts due hereunder, including reasonable attorneys fees, and all of Landlord's reasonable expenses in connection with such relettingreletting the Premises, including without limitation, tenant inducements, brokerage commissions, fees for legal services, reasonable expenses of preparing the Premises for reletting and the like ("Reletting Expenses"). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which may at Landlord's option be equal to or less than or exceed the period which would otherwise have constituted the balance of the Term, and may grant such tenant inducements as Landlord in its sole judgment considers advisable, and (ii) make such alterations, repairs and decorations in the Premises as Landlord in its sole discretion considers advisableadvisable to a customary standard of improvement only, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's liability, provided however that Landlord shall make reasonable efforts to relet the Premises and mitigate its other damages. Any obligation to relet the Premises imposed upon Landlord by law shall be subject to Landlord's reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. LandlordXxxxxxxx's Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due and payable immediately from time to time upon within 20 days after notice from Landlord.
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Reletting Expenses Damages. If this Lease is terminated for defaultdue to an Event of Default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's reasonable ’s costs and expenses related thereto or in collecting amounts due hereunder, including attorneys reasonable attorneys’ fees, and all of Landlord's reasonable ’s expenses in connection with such reletting, including without limitation, tenant inducements, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like ("“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which may at Landlord's ’s option be equal to or less than or exceed the period which would otherwise have constituted the balance of the Lease Term, and may grant such tenant inducements as Landlord in its sole judgment considers advisable, and (ii) make such alterations, repairs and decorations in the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation to relet the Premises imposed upon Landlord by law shall be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. Landlord's All Reletting Expenses Expenses, together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due and payable immediately from time to time upon notice from Landlord.
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Reletting Expenses Damages. If this Lease is terminated for defaultTenant’s Event of Default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay on demand by Landlord all of Landlord's ’s reasonable costs costs, including reasonable attorneys’ fees and expenses costs, related thereto or to Tenant’s default and in collecting amounts due hereunder, including attorneys feesdue, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like like, together with an Administrative Charge as set forth in Section 13.02(e) ("“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent, as Landlord in its sole judgment discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any Except to the extent imposed by applicable law, Landlord shall have no obligation to relet the Premises or any portion thereof, and any obligation to relet imposed upon Landlord by law shall will be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. Landlord's Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall be due terms and payable immediately from time to time upon notice from Landlordthe like.
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Reletting Expenses Damages. If the Term of this Lease is terminated for default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's ’s reasonable costs costs, including reasonable attorneys fees, related to Tenant’s default and expenses related thereto or in collecting amounts due hereunder, including attorneys fees, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like ("“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent, as Landlord in its sole judgment discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation Following any termination of this Lease by Landlord for default, Landlord shall use commercially reasonable efforts to relet the Premises imposed upon Landlord by law and mitigate damages, provided that such obligation to relet and mitigate damages shall be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, termsterms and the like, etcand in any event, Landlord shall have no obligation to show a preference for reletting the Premises over any other vacant space in the Building. Landlord's ’s Reletting Expenses together with all other sums otherwise provided for in this Lease, whether incurred prior to or after such termination, shall termination will be due and payable immediately from time to time upon notice from Landlorddemand.
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Samples: Lease Agreement (Digitas Inc)
Reletting Expenses Damages. Following Landlord’s re-taking possession of the Premises following an Event of Default, Landlord shall use commercially reasonable efforts to relet the Premises. If this Lease is terminated for defaultTenant’s Event of Default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay on demand by Landlord all of Landlord's ’s reasonable costs out-of-pocket costs, including reasonable out-of-pocket attorneys’ fees and expenses costs, related thereto or to Tenant’s default and in collecting amounts due hereunder, including attorneys feesdue, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like like, together with an administrative charge of ten ("10%) percent of all the foregoing costs (“Reletting Expenses"”). It Notwithstanding the foregoing, it is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent, as Landlord in its sole judgment discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation amount received by Landlord prior to relet the election by Landlord to recover damages pursuant to Section 13.02(c) below through any reletting of the Premises imposed upon Landlord by law following an Event of Default shall be subject offset against amounts otherwise owed by Tenant pursuant to Landlord's reasonable objectives Section 13.02(b) below (but Tenant shall not be entitled to any credit or refund of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etc. Landlord's Reletting Expenses together with all sums otherwise provided for in this Lease, whether incurred prior to or after any amount by which such termination, shall be due and payable immediately from time to time upon notice from Landlordreletting proceeds exceed Tenant’s obligations under Section 13.02(b)).
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Reletting Expenses Damages. If the Term of this Lease is terminated for defaultan Event of Default, then Tenant covenants, as an additional cumulative obligation after such termination, to pay all of Landlord's ’s reasonable costs costs, including reasonable attorneys’ fees, related to Tenant’s Event of Default and expenses related thereto or in collecting amounts due hereunder, including attorneys fees, and all of Landlord's reasonable expenses in connection with such reletting, including without limitation, tenant inducementsinducements to new tenants, brokerage commissions, fees for legal services, expenses of preparing the Premises for reletting and the like together with an administrative charge of ten percent ("10%) of all the foregoing costs (“Reletting Expenses"”). It is agreed by Tenant that Landlord may (i) relet the Premises or any part or parts thereof for a term or terms which that may at Landlord's option be equal to or to, less than or exceed the period which that would otherwise have constituted the balance of the Term, and may grant such tenant inducements inducements, including free rent, as Landlord in its sole judgment discretion considers advisable, and (ii) make such alterations, repairs and decorations in alterations to the Premises as Landlord in its sole discretion considers advisable, and no action of Landlord in accordance with the foregoing nor any failure to relet or to collect rent under any reletting shall operate or be construed to release or reduce Tenant's ’s liability. Any obligation to relet the Premises imposed upon Landlord by law shall will be subject to Landlord's ’s reasonable objectives of developing its property in a harmonious manner with appropriate mixes of tenants, uses, floor areas, terms, etcterms and the like. Landlord's ’s Reletting Expenses together with all other sums otherwise provided for in this Lease, whether incurred prior to or after such terminationtermination will be due upon demand. Except in accordance with its remedy under Section 14.02.3, Landlord shall use commercially reasonable efforts to mitigate any damages resulting from a default by Tenant under this Lease existing beyond any requisite notice by Landlord and the expiration of any applicable grace period. Landlord’s obligation to mitigate damages after a default by Tenant under this Lease existing beyond any requisite notice by Landlord and the expiration of any applicable grace period shall be due satisfied in full if Landlord undertakes to lease the Premises (or any portion thereof) to another tenant (a “Substitute Tenant”) in accordance with the following criteria: (a) Landlord shall have no obligation to solicit or entertain negotiations with any other prospective tenants for the Premises until Landlord obtains full and payable immediately from time complete possession of the Premises including, without limitation, the final and unappealable legal right to time upon notice from relet the Premises free of any claim of Tenant; (b) Landlord shall not be obligated to lease or show the Premises, on a priority basis, or offer the Premises to a prospective tenant when other premises in the Building suitable for that prospective tenant’s use and other applicable requirements are (or will be on a timely basis) available; (c) Landlord shall not be obligated to lease the Premises to a Substitute Tenant for a rent less than the current fair market rent then prevailing for similar uses in comparable buildings in the same market area as the Building, nor shall Landlord be obligated to enter into a new lease under other terms and conditions that are unacceptable to Landlord, in Landlord’s good faith discretion; (d) Landlord shall not be obligated to enter into a lease with a Substitute Tenant whose use would: (i) violate any restriction, covenant, or requirement contained in the lease of another tenant of the Building; (ii) adversely affect, in Landlord’s reasonable opinion, the reputation of the Building; or (iii) be incompatible, in Landlord’s reasonable opinion, with the operation of the Building; and (e) Landlord shall not be obligated to enter into a lease with any proposed Substitute Tenant which does not have, in Landlord’s reasonable opinion, sufficient financial resources to operate the Premises in a first class manner and to fulfill all of the obligations in connection with the lease thereof as and when the same become due.
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