Common use of Tenant's Right to Possession Not Terminated Clause in Contracts

Tenant's Right to Possession Not Terminated. Landlord can continue this Lease in full force and effect, and the Lease will continue in effect as long as Landlord does not terminate Tenant's right to possession, and Landlord shall have the right to collect rent when due. During the period Tenant is in default, Landlord can enter the Premises and relet them, or any part of them, to third parties for Tenant's account. Tenant shall be liable immediately to Landlord for all costs Landlord incurs in reletting the Premises, including, without limitation, broker's commission, expenses of remodeling the Premises required by the reletting, and like costs. Reletting can be for a period shorter or longer than the remaining term of this Lease. Tenant shall pay to Landlord the rent due under this Lease on the dates the rent is due, less the rent Landlord received from any reletting. No act by Landlord allowed by this paragraph shall terminate or cause a forfeiture of this Lease unless Landlord notifies Tenant that Landlord elects to terminate and forfeit this Lease.

Appears in 2 contracts

Samples: Lease Agreement (Global Food Technologies, Inc.), Lease Agreement (Global Food Technologies, Inc.)

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Tenant's Right to Possession Not Terminated. Landlord can continue this Lease in full force and effect, and the Lease will continue in effect as long as Landlord does not terminate Tenant's right to possession, and Landlord shall have the right to collect rent when due. During the period Tenant is in default, Landlord can enter the Premises and relet them, or any part of them, to third parties for Tenant's account. Tenant shall be liable immediately to Landlord for all costs Landlord incurs in reletting the Premises, including, without limitation, broker's commissionbrokers' commissions, expenses of remodeling the Premises required by the reletting, and like costs. Reletting can be for a period shorter or longer than the remaining term of this Lease. Tenant shall pay to Landlord the rent due under this Lease on the dates the rent Rent is due, less the rent Rent Landlord received receives from any reletting. No act by Landlord allowed by this paragraph Section 22.1 shall terminate or cause a forfeiture of this Lease unless Landlord notifies Tenant that Landlord elects to terminate and forfeit this Lease.. After Tenant's default and for as long as Landlord does not terminate Tenant's right to possession of the Premises, if Tenant obtains Landlord's consent Tenant shall have the right to assign or sublet its interest in this Lease, but Tenant shall not be released from liability. Initials: ________

Appears in 1 contract

Samples: Lease Agreement (GigOptix, Inc.)

Tenant's Right to Possession Not Terminated. Landlord can continue this Lease lease in full force and effect, and the Lease lease will continue in effect as long as Landlord does not terminate Tenant's ’s right to possession, and Landlord shall have the right to collect rent when due. During the period Tenant is in default, Landlord can enter the Premises premises and relet them, or any part of them, to third parties for Tenant's ’s account. Tenant shall be liable immediately to Landlord for all costs Landlord incurs in reletting the Premisespremises, including, without limitation, broker's commissionbrokers’ commissions, expenses of remodeling the Premises premises required by the reletting, and like costs. Reletting can be for a period shorter or longer than the remaining term of this Leaselease. Tenant shall pay to Landlord the rent due under this Lease lease on the dates the rent is due, less the rent Landlord received receives from any reletting. No act by Landlord allowed by this paragraph shall terminate or cause a forfeiture of this Lease lease unless Landlord notifies Tenant that Landlord elects to terminate this lease. After Tenant’s default and forfeit for as long as Landlord does not terminate Tenant’s right to possession of the premises, if Tenant obtains Landlord’s consent Tenant shall have the right to assign or sublet its interest in this Leaselease, but Tenant shall not be released from liability. Landlord’s consent to a proposed assignment or subletting shall not be unreasonably withheld.

Appears in 1 contract

Samples: Lease (GNLV Corp)

Tenant's Right to Possession Not Terminated. Landlord can continue this Lease in full force and effect, and the Lease will continue in effect as long as Landlord does not terminate Tenant's ’s right to possession, and Landlord shall have the right to collect rent when due. During the period Tenant is in default, Landlord can enter the Premises and relet them, or any part of them, to third parties for Tenant's ’s account. Tenant shall be liable immediately to Landlord for all costs Landlord incurs in reletting the Premises, including, without limitation, broker's commissionbrokers’ commissions, expenses of remodeling the Premises required by the reletting, and like costs. Reletting can be for a period shorter or longer than the remaining term of this Lease. Tenant shall pay to Landlord the rent due under this Lease on the dates the rent is due, less the rent Landlord received receives from any reletting. No act by Landlord allowed by this paragraph Section 21.1 shall terminate or cause a forfeiture of this Lease unless Landlord notifies Tenant that Landlord elects to terminate and forfeit this Lease. After Tenant’s default and for as long as Landlord does not terminate Tenant’s right to possession of the Premises, if Tenant obtains Landlord’s consent Tenant shall have the right to assign or sublet its interest in this Lease, but Tenant shall not be released from liability.

Appears in 1 contract

Samples: Lease Agreement (Emulex Corp /De/)

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Tenant's Right to Possession Not Terminated. Landlord can continue this Lease in full force and effect, and the this Lease will continue in effect as long as Landlord does not terminate Tenant's ’s right to possession, and Landlord shall have the right to collect rent when due. During the period Tenant is in default, Landlord can enter the Premises and relet them, or any part of them, to third parties for Tenant's ’s account. Tenant shall be liable immediately to Landlord for all costs Landlord incurs in reletting the Premises, including, without limitation, broker's commissionbrokers’ commissions, expenses of remodeling the Premises required by the reletting, and like costs. Reletting can be for a period shorter or longer than the remaining term of this LeaseTerm. Tenant shall pay to Landlord the rent due under this Lease on the dates the rent is due, less the rent Landlord received receives from any reletting. No act by Landlord allowed by this paragraph Article 21-1 shall terminate or cause a forfeiture of this Lease unless Landlord notifies Tenant that Landlord elects to terminate and forfeit this Lease. After Tenant’s default and for as long as Landlord does not terminate Tenant’s right to possession of the Premises, if Tenant obtains Landlord’s consent (not to be unreasonably withheld or delayed) Tenant shall have the right to assign or sublet its interest in this Lease, but Tenant shall not be released from liability.

Appears in 1 contract

Samples: Standard Form Shopping Center Lease (Pacific Premier Bancorp Inc)

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