Common use of REMEDIES FOR DEFAULTS BY XXXXXX Clause in Contracts

REMEDIES FOR DEFAULTS BY XXXXXX. In the event of any default hereunder by XXXXXX, in addition to any other remedies available to LESSOR at law or in equity, LESSOR shall have the immediate option to terminate this Lease and all rights of LESSEE hereunder. In the event that LESSOR shall elect to so terminate this Lease then LESSOR may recover from LESSEE: a) The worth at the time of award of any unpaid rent which had been earned at the time of such termination; plus b) The worth at the time of award of the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that LESSEE proves could have been reasonably avoided; plus c) The worth at the time of award of the amount by which the unpaid rent for the balance of the Term after the time of award exceeds the amount of such rental loss that XXXXXX proves could be reasonably avoided; plus d) Any other amount necessary to compensate LESSOR for all the detriment proximately caused by XXXXXX's failure to perform LESSEE's obligations under this Lease or which in the ordinary course of things would be likely to result therefrom.

Appears in 3 contracts

Samples: Airport Land Lease, Airport Hangar Lease, Airport Hangar Lease

AutoNDA by SimpleDocs

REMEDIES FOR DEFAULTS BY XXXXXX. i. In the event of any default hereunder by XXXXXX, in addition to any other remedies available to LESSOR at law or in equity, LESSOR shall have the immediate option to terminate this Lease and all rights of LESSEE hereunder. In the event that LESSOR shall elect to so terminate this Lease then LESSOR may recover from LESSEE: a) ii. The worth at the time of award of any unpaid rent which had been earned at the time of such termination; plus b) iii. The worth at the time of award of the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that LESSEE proves could have been reasonably avoided; plus c) iv. The worth at the time of award of the amount by which the unpaid rent for the balance of the Term after the time of award exceeds the amount of such rental loss that XXXXXX LESSEE proves could be reasonably avoided; plus d) v. Any other amount necessary to compensate LESSOR for all the detriment proximately caused by XXXXXX's failure to perform LESSEE's obligations under this Lease or which in the ordinary course of things would be likely to result therefrom.

Appears in 1 contract

Samples: Land Lease

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!