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Common use of Reletting of Premises Clause in Contracts

Reletting of Premises. Should this Lease be terminated before the expiration of the term of this Lease by reason of Tenant's default as hereinabove provided, or if Tenant shall abandon or vacate the premises before the expiration or termination of the term of this Lease without having paid the full rental for the remainder of such term, Landlord shall use best efforts to relet the premises for such rent and upon such terms as are not unreasonable under the circumstances and, if the full rental reserved under this Lease (and any of the costs, expenses or damages indicated below) shall not be realized by Landlord, Tenant shall be liable for all damages sustained by Landlord, including without limitation, deficiency in rent, reasonable attorneys' fees, brokerage fees and expenses of placing the premises in first class rentable condition. Landlord, in putting the premises in good order or preparing the same for rerental may, at Landlord's option, make such alterations, repairs, or replacements in the premises as Landlord, in its sole judgment, considers advisable and necessary for the purpose of reletting the premises, and the making of such alterations, repairs, or replacements shall not operate or be construed to release Tenant from liability hereunder as aforesaid. Landlord shall in no event be liable in any way whatsoever for failure to relet the premises, or in the event that the premises are relet, for failure to collect the rent under such reletting, and in no event shall Tenant be entitled to receive the excess, if any, of such net rent collected over the sums payable by Tenant to Landlord hereunder.

Appears in 1 contract

Samples: Agreement of Lease (Mason George Bankshares Inc)

Reletting of Premises. Should this Lease be terminated before the expiration of the term Term of this Lease by reason of Tenant's default as hereinabove provided, or if Tenant shall abandon or vacate the premises Premises before the expiration or termination of the term Term of this Lease without having paid the full rental for the remainder of such termTerm, Landlord shall use best efforts have the option, but not the obligation, to relet the premises Premises for such rent and upon such terms as are not unreasonable under the circumstances and, if the full rental Annual Rent and Additional Rent reserved under this Lease (and any of the costs, expenses or damages indicated below) shall not be realized by Landlord, Tenant shall be liable for all damages sustained by Landlord, including including, without limitation, deficiency in rent, reasonable attorneys' attorney's fees, brokerage fees and expenses of placing the premises Premises in first class rentable condition. Landlord, in putting the premises in good order or preparing the same for rerental maycondition as existed on the Commencement Date, at Landlord's option, make such alterations, repairs, or replacements in the premises as Landlord, in its sole judgment, considers advisable normal ware and necessary for the purpose of reletting the premises, and the making of such alterations, repairs, or replacements shall not operate or be construed to release Tenant from liability hereunder as aforesaidtear excepted. Landlord shall in no event be liable in any way whatsoever for failure to relet the premisesPremises, or in the event that the premises Premises are relet, for failure to collect the rent under such reletting, and in no event shall Tenant be entitled to receive the excess, if any, of such net rent collected over the sums payable by Tenant to Landlord hereunder.

Appears in 1 contract

Samples: Lease Agreement (Sync Research Inc)

Reletting of Premises. Should this Lease be terminated before the expiration of the term of this Lease by reason of Tenant's default as hereinabove provided, or if Tenant shall abandon or vacate the premises before the expiration or termination of the term of this Lease without having paid the full rental for the remainder of such term, Landlord shall use best efforts have the option to relet the premises for such rent and upon such terms as are not unreasonable under the circumstances and, if the full rental reserved under this Lease (and any of the costs, expenses or damages indicated below) shall not be realized by Landlord, Tenant shall be liable for all damages sustained by Landlord, including including, without limitation, deficiency in rent, reasonable attorneys' fees, brokerage fees and expenses of placing the premises in first class rentable condition. Landlord, in putting the premises in good order or preparing the same for rerental may, at Landlord's option, make such alterations, repairs, or replacements in the premises as Landlord, in its sole judgment, considers advisable and necessary for the purpose of reletting the premises, and the making of such alterations, repairs, or replacements shall not operate or be construed to release Tenant from liability hereunder as aforesaid. Landlord shall in no event be liable in any way whatsoever for failure to relet the premises, or in the event that the premises are relet, for failure to collect the rent under such reletting, and in no event shall Tenant be entitled to receive the excess, if any, of such net rent collected over the sums payable by Tenant to Landlord hereunder.

Appears in 1 contract

Samples: Agreement of Lease (Mason George Bankshares Inc)

Reletting of Premises. Should this Lease be terminated before the expiration of the term Term of this Lease by reason of Tenant's default as hereinabove provided, or if Tenant shall abandon or vacate the premises before the expiration or termination of the term of this Lease without having paid the full rental for the remainder of such term, Landlord shall use best commercially reasonable efforts to relet the premises for such rent Premises and upon such terms as are not unreasonable under the circumstances otherwise mitigate its losses and, if the full rental Annual Rent and Additional Rent reserved under this Lease (and any of the costs, expenses or damages indicated below) shall not be realized by Landlord, Tenant shall be liable for all damages sustained by Landlord, including including, without limitation, deficiency in rent, reasonable attorneys' fees, brokerage fees and expenses of placing the premises Premises in first class rentable conditiongood order and condition including without limitation any alterations and improvements. Landlord, in putting the premises Premises in good order or preparing the same for rerental re-rental may, at Landlord's option, make such alterations, repairs, repairs or replacements in the premises Premises as Landlord, in its sole judgment, considers advisable and necessary for the purpose of reletting the premisesPremises, and the making of such alterations, repairs, or replacements shall not operate or be construed to release Tenant from liability hereunder as aforesaid. Landlord shall in no event be liable in any way whatsoever for failure to relet the premisesPremises, or in the event that the premises Premises are relet, for failure to collect the rent under such reletting, and in no event shall Tenant be entitled to receive the excess, if any, of such net rent collected over the sums payable by Tenant to Landlord hereunder.

Appears in 1 contract

Samples: Lease (CMG Information Services Inc)

Reletting of Premises. Should Provided Landlord does not accelerate Rent under Section 25.2., Landlord may, at any time after the occurrence of any Event of Default, peaceably re-enter and repossess the Premises and any part thereof and attempt in its own name, as agent for Tenant if this Lease not be terminated, or on its own behalf if this Lease be terminated before the expiration terminated, to relet all or any part of the term of this Lease by reason of Tenant's default as hereinabove provided, or if Tenant shall abandon or vacate the premises before the expiration or termination of the term of this Lease without having paid the full rental Premises for the remainder of such term, Landlord shall use best efforts to relet the premises for such rent and upon such terms as are not unreasonable under the circumstances and, if the full rental reserved under this Lease (and any of the costs, expenses to such persons and for such period or damages indicated below) shall not be realized by Landlord, Tenant shall be liable for all damages sustained by Landlord, including without limitation, deficiency in rent, reasonable attorneys' fees, brokerage fees and expenses of placing the premises in first class rentable condition. Landlord, in putting the premises in good order or preparing the same for rerental may, at Landlord's option, make such alterations, repairs, or replacements in the premises periods as Landlord, in its sole judgmentdiscretion, considers advisable shall determine, including a term beyond the termination of this Lease; and necessary for Landlord shall not be required to accept any tenant offered by Tenant or observe any instruction given by Tenant about such reletting. For the purpose of reletting such reletting, Landlord may decorate or make repairs, changes, alterations or additions in or to the premises, Premises to the extent reasonably deemed necessary by Landlord; and the making cost of such alterationsdecoration, repairs, changes, alterations or replacements additions shall not operate or be construed charged to release Tenant from liability hereunder as aforesaid. Landlord shall in no event and be liable in any way whatsoever for failure to relet the premises, or in the event that the premises are relet, for failure to collect the rent under such reletting, and in no event shall Tenant be entitled to receive the excess, if any, of such net rent collected over the sums payable by Tenant as Additional Rent hereunder, as well as any reasonable brokerage and attorneys fees incurred by Landlord; and any sums collected by Landlord from any new tenant obtained shall be credited against the balance of the Rent due hereunder. Tenant shall pay to Landlord hereundermonthly, on the days when the Rent would have been payable under this Lease, the amount due hereunder less the amount obtained by Landlord from such new tenant.

Appears in 1 contract

Samples: Lease Agreement (Adolor Corp)