Common use of Remedies of Default Clause in Contracts

Remedies of Default. In the event of the occurrence of any of the events described in Section 19(A) above, Landlord, at its election, may exercise one or more of the following options, the exercise of any of which shall not be deemed to preclude the exercise of any others herein listed or otherwise provided by statute or general law at the same time or at subsequent times or actions: 1. Re-enter and retake possession of the Premises and, at Landlord’s option, attempt to relet the Premises on behalf of Tenant at such rent and under such terms and conditions as Landlord may deem best under the circumstances for the purpose of reducing Tenant’s liability. Landlord shall not be deemed to have terminated this Lease or thereby accepted a surrender of the Premises, and Tenant shall remain liable for all rent and other sums due under this Lease and for all damages suffered by Landlord by reason of Tenant’s breach of any of the covenants of this Lease. 2. Declare this Lease, in writing, to be terminated, ended and null and void, and reenter upon and take possession of the Premises, whereupon all right, title and interest of Tenant in the Premises shall end, provided that Tenant shall be liable for damages in the amount of all Rent and other sums that would have come due under this Lease for the balance of the term hereof, and for all other damages suffered by Landlord by reason of Tenant’s breach of any of the covenants of this Lease. 3. Accelerate and declare the entire remaining unpaid Rent and other sums payable for the balance of the Term of this Lease to be immediately due and payable forthwith, and may, at once, take legal action to recover and collect the same. 4. Any costs and expenses incurred by Landlord (including, without limitation, reasonable attorneys’ fees) in enforcing any of its rights or remedies under this Lease shall be deemed to be Additional Rent and shall be repaid to Landlord by Tenant upon demand. 5. Nothing contained in this Lease shall limit or prejudice the right of Landlord to prove for and obtain, in proceedings for the termination of this Lease by reason of bankruptcy or insolvency, an amount equal to the maximum allowed by any statute or rule of law in effect at the time when, and governing the proceedings in which, the damages are to be proved, whether or not the amount be greater, equal to, or less than the amount of the loss or damages referred to above. The failure or refusal of Landlord to relet the Premises or any part or parts thereof shall not release or affect Tenant=s liability for damages.

Remedies of Default. In the event of the occurrence of any of the events described in Section 19(A) above, Landlord, at its election, may exercise one or more of the following options, the exercise of any of which shall not be deemed to preclude the exercise of any others herein listed or otherwise provided by statute or general law at the same time or at subsequent times or actions: 1. Re-enter and retake possession of the Premises and, at Landlord’s 's option, attempt to relet the Premises on behalf of Tenant at such rent and under such terms and conditions as Landlord may deem best under the circumstances for the purpose of reducing Tenant’s 's liability. Landlord shall not be deemed to have terminated this Lease or thereby accepted a surrender of the Premises, and Tenant shall remain liable for all rent and other sums due under this Lease and for all damages suffered by Landlord by reason of Tenant’s 's breach of any of the covenants of this Lease. 2. Declare this Lease, in writing, to be terminated, ended and null and void, and reenter upon and take possession of the Premises, whereupon all right, title and interest of Tenant in the Premises shall end, provided that Tenant shall be liable for damages in the amount of all Rent and other sums that would have come due under this Lease for the balance of the term hereof, and for all other damages suffered by Landlord by reason of Tenant’s 's breach of any of the covenants of this Lease. 3. Accelerate and declare the entire remaining unpaid Rent and other sums payable for the balance of the Term of this Lease to be immediately due and payable forthwith, and may, at once, take legal action to recover and collect the same. 4. Any costs and expenses incurred by Landlord (including, without limitation, reasonable attorneys’ ' fees) in enforcing any of its rights or remedies under this Lease shall be deemed to be Additional Rent and shall be repaid to Landlord by Tenant upon demand. 5. Nothing contained in this Lease shall limit or prejudice the right of Landlord to prove for and obtain, in proceedings for the termination of this Lease by reason of bankruptcy or insolvency, an amount equal to the maximum allowed by any statute or rule of law in effect at the time when, and governing the proceedings in which, the damages are to be proved, whether or not the amount be greater, equal to, or less than the amount of the loss or damages referred to above. The failure or refusal of Landlord to relet the Premises or any part or parts thereof shall not release or affect Tenant=s liability for damages.

Remedies of Default. Timely payment of rent is an essential part of this lease. In the event Tenant fails to pay when due any of the rentals provided for herein or fails to promptly keep and perform any other affirmative covenant in this lease, Landlord, prior to taking any other action, shall give Tenant notice specifying the default(s). Tenant shall have ten (10) days after receipt of said notice to correct any rental default and thirty (30) days to correct any other default(s). If Tenant fails to correct said default(s) within the specified time periods, Landlord may terminate this lease and re-enter the leased premises with or without process of law, and take possession thereof by reasonable force; or relet the premises at the best rental obtainable, Tenant to remain liable for the deficiency, if any, between the rental received by Landlord on any reletting and the rental provided for herein; or, if allowed by law, xxx Tenant for the difference, if any, between the discounted rental Landlord would receive from the date of default to the expiration of the term of the lease in effect when the default occurred. No notice of default for nonpayment or untimely payment of rent shall be required of Landlord, where such default, even though cured for the prior month, occurs for two consecutive months. In the event of Tenant's default under the occurrence terms and provisions hereof with the resulting termination of the lease, Tenant shall owe to Landlord as additional rent the actual costs of construction (labor and materials) of any special improvements specifically requested by Tenant and contained in Tenant's portion of the events described building. In the event that the leased premises are sublet by Tenant, and should any default occur requiring notice as herein before provided in Section 19(A) abovethis paragraph, Landlord, at its election, may exercise one or more Landlord agrees that it will furnish Tenant with a copy of the following options, the exercise of any of which shall not be deemed to preclude the exercise of any others herein listed or otherwise provided by statute or general law such notice at the same time or at subsequent times or actions: 1that it is sent to such sublessee. Re-enter In the event that such default is not corrected by such sublessee during the specified time periods, the Tenant shall have an additional period of ten (10) days to correct such default and, upon correction of such default, the Tenant shall have the right and retake option to resume actual possession of said premises as the Premises and, at Landlord’s option, attempt to relet the Premises on behalf of Tenant at such rent and under such terms and conditions as Landlord may deem best under the circumstances hereunder for the purpose of reducing Tenant’s liability. Landlord shall not be deemed to have terminated this Lease or thereby accepted a surrender of the Premises, and Tenant shall remain liable for all rent and other sums due under this Lease and for all damages suffered by Landlord by reason of Tenant’s breach of any of the covenants unexpired term of this Leaselease. 2. Declare this Lease, in writing, to be terminated, ended and null and void, and reenter upon and take possession of the Premises, whereupon all right, title and interest of Tenant in the Premises shall end, provided that Tenant shall be liable for damages in the amount of all Rent and other sums that would have come due under this Lease for the balance of the term hereof, and for all other damages suffered by Landlord by reason of Tenant’s breach of any of the covenants of this Lease. 3. Accelerate and declare the entire remaining unpaid Rent and other sums payable for the balance of the Term of this Lease to be immediately due and payable forthwith, and may, at once, take legal action to recover and collect the same. 4. Any costs and expenses incurred by Landlord (including, without limitation, reasonable attorneys’ fees) in enforcing any of its rights or remedies under this Lease shall be deemed to be Additional Rent and shall be repaid to Landlord by Tenant upon demand. 5. Nothing contained in this Lease shall limit or prejudice the right of Landlord to prove for and obtain, in proceedings for the termination of this Lease by reason of bankruptcy or insolvency, an amount equal to the maximum allowed by any statute or rule of law in effect at the time when, and governing the proceedings in which, the damages are to be proved, whether or not the amount be greater, equal to, or less than the amount of the loss or damages referred to above. The failure or refusal of Landlord to relet the Premises or any part or parts thereof shall not release or affect Tenant=s liability for damages.

Remedies of Default. In the event of the occurrence of any of the events described in Section 19(A) above, Landlord, at its election, may exercise one or more of the following options, the exercise of any of which shall not be deemed to preclude the exercise of any others herein listed or otherwise provided by statute or general law at the same time or at subsequent times or actions: 1. Re-enter and retake possession of the Premises and, at Landlord’s =s option, attempt to relet the Premises on behalf of Tenant at such rent and under such terms and conditions as Landlord may deem best under the circumstances for the purpose of reducing Tenant’s Xxxxxx's liability. Landlord shall not be deemed to have terminated this Lease or thereby accepted a surrender of the Premises, and Tenant Xxxxxx shall remain liable for all rent and other sums due under this Lease and for all damages suffered by Landlord by reason of Tenant’s =s breach of any of the covenants of this Lease. 2. Declare this Lease, in writing, to be terminated, ended and null and void, and reenter upon and take possession of the Premises, whereupon all right, title and interest of Tenant in the Premises shall end, provided that Tenant shall be liable for damages in the amount of all Rent and other sums that would have come due under this Lease for the balance of the term hereof, and for all other damages suffered by Landlord by reason of Tenant’s =s breach of any of the covenants of this Lease. 3. Accelerate and declare the entire remaining unpaid Rent and other sums payable for the balance of the Term of this Lease to be immediately due and payable forthwith, and may, at once, take legal action to recover and collect the same. 4. Any costs and expenses incurred by Landlord (including, without limitation, reasonable attorneys’ ' fees) in enforcing any of its rights or remedies under this Lease shall be deemed to be Additional Rent and shall be repaid to Landlord by Tenant upon demand. 5. Nothing contained in this Lease shall limit or prejudice the right of Landlord to prove for and obtain, in proceedings for the termination of this Lease by reason of bankruptcy or insolvency, an amount equal to the maximum allowed by any statute or rule of law in effect at the time when, and governing the proceedings in which, the damages are to be proved, whether or not the amount be greater, equal to, or less than the amount of the loss or damages referred to above. The failure or refusal of Landlord to relet the Premises or any part or parts thereof shall not release or affect Tenant=s liability for damages.