Common use of Retention of Monies Clause in Contracts

Retention of Monies. If this Lease is terminated under the provisions of Article 15(a), or if Landlord shall re-enter the Premises under the provisions of this Article, or in the event of the termination of this Lease, or of re-entry, by or under any summary dispossess or other proceeding or action or any provision of law by reason of an Event of Default hereunder on the part of Tenant, Landlord shall be entitled to retain all monies, if any, paid by Tenant to Landlord, whether as advance rent, security or otherwise, but such monies shall be credited by Landlord against Rent due from Tenant at the time of such termination or re-entry or, at Landlord’s option, against any damages payable by Tenant under Article 16 or pursuant to law.

Appears in 2 contracts

Samples: Office/Laboratory Lease (Tetralogic Pharmaceuticals Corp), Office/Laboratory Lease (Tetralogic Pharmaceuticals Corp)

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Retention of Monies. If this Lease is terminated shall terminate under the provisions provision of this Article 15(a)12, or if Landlord shall re-enter the Leased Premises under the provisions of this ArticleArticle 12, or in the event of the termination of this Lease, or of re-entry, by or under any summary dispossess or other proceeding or action or of any provision of law by reason of an Event of Default default hereunder on the part of Tenant, Landlord shall be entitled to retain all monies, if any, paid by Tenant to Landlord, whether as advance rent, security or otherwise, but such monies shall in all cases be credited by Landlord against any Annual Fixed Rent or Additional Rent due from Tenant at the time of such termination or re-entry or, at Landlord’s option, against any damages payable by Tenant under Article 16 or pursuant to law13 hereof.

Appears in 1 contract

Samples: Lease Agreement (CarGurus, Inc.)

Retention of Monies. If this Lease is terminated shall terminate under the provisions of Article 15(a)21, or if Landlord shall re-enter the Demised Premises under the provisions of this Article, or in the event of the termination of this Lease, or of re-entry, by or under any summary dispossess or other proceeding or action or any provision provisions of law by reason of an Event of Default default hereunder on the part of Tenant, Landlord shall be entitled to retain all monies, if any, paid by Tenant to Landlord, whether as advance rent, security or otherwise, but such monies shall be credited by Landlord against any Fixed Rent or Additional Rent due from Tenant at the time of such termination or re-entry or, at Landlord’s 's option, against any damages payable by Tenant under Article 16 23 or pursuant to law.

Appears in 1 contract

Samples: Lease (Long Distance Direct Holdings Inc)

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Retention of Monies. If this Lease is terminated shall terminate under the provisions of Article 15(a)19, or if Landlord shall re-enter the Demised Premises under the provisions of this Article, or in the event of the termination of this Lease, or of re-entry, by or under any summary dispossess or other proceeding or action or any provision of law by reason of an Event of Default default hereunder on the part of Tenant, Landlord shall be entitled to retain all monies, if any, paid by Tenant to Landlord, whether as advance rent, security or otherwise, but such monies shall be credited by Landlord against any Fixed Rent or Additional Rent due from Tenant at the time of such termination or re-entry or, at Landlord’s 's option, against any damages payable by Tenant under Article 16 21 or pursuant to law.

Appears in 1 contract

Samples: Lease (Smith Corona Corp)

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