Common use of Repudiation of Any Obligation of Tenant During Lease Term Clause in Contracts

Repudiation of Any Obligation of Tenant During Lease Term. If during the Lease Term Tenant notifies Landlord of or otherwise unequivocally demonstrates an intention to repudiate this Lease or breach any obligation of Tenant hereunder, Landlord may, at its option, consider such anticipatory repudiation a breach and material default of this Lease. In addition to any other remedies available to it hereunder or at law or in equity, Landlord may retain all Base Annual Rent, Additional Rent and other sums paid by Tenant hereunder, including any security deposit, if any, to be applied to damages of Landlord incurred as a result of such repudiation, including, without limitation, all damages and remedies reserved to Landlord in this Section 12 or elsewhere in this Lease, as applicable.

Appears in 3 contracts

Samples: Office Building Lease (Otg Software Inc), Office Building Lease (Net2000 Communications Inc), Office Building Lease (Techteam Global Inc)

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Repudiation of Any Obligation of Tenant During Lease Term. If during the Lease Term Tenant Teanant notifies Landlord of or otherwise unequivocally demonstrates an intention to repudiate this Lease or breach any obligation of Tenant hereunder, . Landlord may, at its option, consider such anticipatory repudiation a breach and material default of this Lease. In addition to any other remedies available to it hereunder or at law or in equity, Landlord may retain all Base Annual Rent, Additional Rent and other sums paid by Tenant hereunder, including any security deposit, if any, to be applied to damages of Landlord incurred as a result of such repudiation, including, including without limitation, all damages and remedies reserved to Landlord in this Section 12 or elsewhere in this Lease, as applicable.

Appears in 1 contract

Samples: Office Building Lease (Spherix Inc)

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Repudiation of Any Obligation of Tenant During Lease Term. If during ---------------------------------------------------------- the Lease Term Tenant notifies Landlord of or otherwise unequivocally demonstrates an intention to repudiate this Lease or breach any obligation of Tenant hereunder, Landlord may, at its option, consider such anticipatory repudiation a breach and material default of this Lease. In addition to any other remedies available to it hereunder or at law or in equity, Landlord may retain all Base Annual Rent, Additional Rent and other sums paid by Tenant hereunder, including any security deposit, if any, to be applied to damages of Landlord incurred as a result of such repudiation, including, without limitation, all damages and remedies reserved to Landlord in this Section 12 or elsewhere in this Lease, as applicable.

Appears in 1 contract

Samples: Office Building Lease (Cais Internet Inc)

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