Common use of Terminate Lease Clause in Contracts

Terminate Lease. Landlord may terminate Tenant’s right to possession by any lawful means, in which case this Lease shall terminate and Tenant shall immediately surrender possession of the Premises to Landlord. In such event Landlord shall be entitled to recover from Tenant all damages incurred by Landlord by reason of Tenant’s default including (without limitation) the following: (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 Rent loss that Tenant 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 Rent loss that Tenant proves could have been reasonably avoided; plus (d) any other amount and court costs necessary to compensate Landlord for all the detriment proximately caused by Tenant’s default or which in the ordinary course of things would be likely to result therefrom (including, without limiting the generality of the foregoing, the amount of any commissions, finder’s fee, advertising costs, remodeling costs and attorneys’ fees in connection with obtaining a replacement tenant); plus

Appears in 2 contracts

Samples: Lease Agreement (Tradeshow Marketing Co. Ltd.), Lease Agreement (Tradeshow Marketing Co. Ltd.)

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Terminate Lease. Landlord may terminate Terminate Tenant’s 's right to possession of the Leased Property by thirty (30) days' written notice or any other lawful means, in which case this Lease shall terminate and Tenant shall immediately surrender possession of the Premises Leased Property to Landlord. In Upon receipt of the notice by Tenant, Tenant shall vacate the Leased Property within said thirty (30) day period, in such event Landlord shall be entitled to recover from the Tenant all damages incurred by Landlord by reason past due Rents, adjustments, and other charges; the expenses of Tenant’s default including (without limitation) reletting the following: (a) The worth at the time of award of any unpaid Rent which had been earned at the time of such terminationLeased Property, reasonable attorneys fees; plus (b) the worth at the time of award by the court having jurisdiction thereof of the amount by which the unpaid Rent which would have been earned and other charges and adjustment called for herein for the balance of the Lease term after termination until the time of such award exceeds the amount of such Rent loss for the same period that Tenant proves could have been be reasonably avoided; plus avoided (c) in determining the worth at the time of award reasonable rental value of the amount Leased Property the rental realized by which any reletting accomplished by Landlord within a reasonable time after termination of this Lease shall be deemed prima facie to be the unpaid Rent for reasonable rental value, otherwise the balance of the Term after the time of award exceeds the amount of such Rent loss same shall be determined according to existing utarket conditions by a qualified appraiser selected by Landlord) ; and that Tenant proves could have been reasonably avoided; plus (d) any other amount and court costs necessary to compensate Landlord for all the detriment proximately caused by Tenant’s default or which in the ordinary course of things would be likely to result therefrom (including, without limiting the generality of the foregoing, the amount portion of any commissionsleasing commission paid by Landlord and applicable to the unexpired lease term of this Lease, finder’s fee, advertising costs, remodeling costs and attorneys’ fees in connection with obtaining a replacement tenant); plusor

Appears in 1 contract

Samples: Lease Agreement (SouthPeak Interactive CORP)

Terminate Lease. Landlord may terminate TenantXxxxxx’s right to possession by any lawful means, in which case this Lease shall terminate and Tenant shall immediately surrender possession of the Premises at any time by giving written notice to Landlordthat effect. In such event Upon termination of this Lease, Landlord shall be entitled have the right, at Xxxxxx’s sole cost and expense, to remove all of Tenant’s personal property from the Premises and store Tenant’s personal property on Xxxxxx’s behalf. Landlord shall have the right to recover from Tenant all damages incurred by Landlord by reason of Tenant’s default including : (without limitation1) the following: (a) The worth at the time of award of any unpaid Rent and other sums due and payable which had been earned at the time of such termination; plus (b2) the worth at the time of award of the amount by which the unpaid Rent and other sums due and payable which would have been earned payable after termination until the time of award exceeds the amount of such the Rent loss that Tenant proves could have been reasonably avoided; plus (c3) the worth at the time of award of the amount by which the unpaid Rent and other sums due and payable for the balance of the Term after the time of award exceeds the amount of such the Rent loss that Tenant proves could have been be reasonably avoided; plus (d4) any other amount and court costs necessary to compensate Landlord for all the detriment proximately caused by Xxxxxx’s failure to perform Tenant’s default obligations under this Lease, or which which, in the ordinary course of things things, would be likely to result therefrom (including, without limiting the generality of the foregoing, the amount of any commissions, finder’s fee, advertising costs, remodeling costs and attorneys’ fees in connection with obtaining a replacement tenant); plustherefrom.

Appears in 1 contract

Samples: Standard Business Lease (E Trade Group Inc)

Terminate Lease. Landlord may terminate Terminate Tenant’s right to possession of the Leased Property by thirty (30) days’ written notice or any other lawful means, in which case this Lease shall terminate and Tenant shall immediately surrender possession of the Premises Leased Property to Landlord. In Upon receipt of the notice by Tenant, Tenant shall vacate the Leased Property within said thirty (30) day period, in such event Landlord shall be entitled to recover from the Tenant all damages incurred by Landlord by reason past due Rents, adjustments, and other charges; the expenses of Tenant’s default including (without limitation) reletting the following: (a) The worth at the time of award of any unpaid Rent which had been earned at the time of such terminationLeased Property, reasonable attorneys fees; plus (b) the worth at the time of award by the court having jurisdiction thereof of the amount by which the unpaid Rent which would have been earned and other charges and adjustment called for herein for the balance of the Lease term after termination until the time of such award exceeds the amount of such Rent loss for the same period that Tenant proves could have been be reasonably avoided; plus avoided (c) in determining the worth at the time of award reasonable rental value of the amount Leased Property the rental realized by which any reletting accomplished by Landlord within a reasonable time after termination of this Lease shall be deemed prima facie to be the unpaid Rent for reasonable rental value, otherwise the balance of the Term after the time of award exceeds the amount of such Rent loss same shall be determined according to existing utarket conditions by a qualified appraiser selected by Landlord) ; and that Tenant proves could have been reasonably avoided; plus (d) any other amount and court costs necessary to compensate Landlord for all the detriment proximately caused by Tenant’s default or which in the ordinary course of things would be likely to result therefrom (including, without limiting the generality of the foregoing, the amount portion of any commissionsleasing commission paid by Landlord and applicable to the unexpired lease term of this Lease, finder’s fee, advertising costs, remodeling costs and attorneys’ fees in connection with obtaining a replacement tenant); plusor

Appears in 1 contract

Samples: Lease Agreement (SouthPeak Interactive CORP)

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Terminate Lease. Landlord shall have the right to terminate this Lease and all rights of Tenant hereunder by giving written notice to Tenant. If the Lease is so terminated, then Landlord may terminate Tenant’s right to possession by any lawful means, in which case this Lease shall terminate and Tenant shall immediately surrender possession of the Premises to Landlord. In such event Landlord shall be entitled to recover from Tenant all damages incurred by Landlord by reason of Tenant’s default including : (without limitationi) the following: (a) The worth at the time of award of any unpaid Rent which rent that had been earned at the time of such termination; plus (bii) the worth at the time of award of the amount by which the unpaid Rent rent which would have been earned after from the time of such termination until the time of award exceeds the amount of such Rent rental loss that Tenant proves could have been reasonably avoided; plus (ciii) the worth at the time of award of the amount by which the unpaid Rent rent for the balance of the Term after the time of award exceeds the amount of such Rent rental loss that Tenant proves could have been be reasonably avoided; plus (div) any other amount and court costs necessary to compensate Landlord for all the detriment actual and consequential damages proximately caused by Tenant’s default failure to perform Tenant’s obligations under this Lease or which in the ordinary course of things would be likely to result therefrom therefrom; and (includingv) at Landlord’s election, without limiting the generality such other amounts in addition to or in lieu of the foregoingforegoing as may be permitted from time to time by applicable California law. As used in Subsections (A)(i) and (ii) above, the “worth at the time of award” is computed by allowing interest at the Remedy Rate. As used in Subsection (A)(iii) above, the “worth at the time of award” is computed by discounting such amount at the discount rate of any commissions, finder’s fee, advertising costs, remodeling costs the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%). All amounts owing under this Subsection which are not paid when due shall bear interest at the Remedy Rate from the date owing until paid and attorneys’ fees in connection with obtaining a replacement tenant); plussuch interest shall be compounded monthly.

Appears in 1 contract

Samples: Office Space Lease (Mellanox Technologies, Ltd.)

Terminate Lease. Landlord may can terminate Tenant’s 's right to possession of the Leased Premises at any time. No act by any lawful meansLandlord other than giving notice to Tenant shall terminate this Lease. Acts of maintenance, in which case efforts to relet the Leased Premises or the appointment of a receiver on Landlord's initiative to protect Landlord's interest under this Lease shall terminate and Tenant shall immediately surrender possession not constitute a termination of Tenant's right to possession. On termination, Landlord has the Premises to Landlord. In such event Landlord shall be entitled right to recover from Tenant all damages incurred by Landlord by reason of Tenant’s default including (without limitation) the following: : (a) The worth worth, at the time of award the award, of any the unpaid Rent which that had been earned at the time of such termination; plus termination of this Lease; (b) the worth The worth, at the time of award the award, of the amount by which the unpaid Rent which that would have been earned after the date of termination of this Lease until the time of the award exceeds the amount of such the loss of Rent loss that Tenant proves could have been reasonably avoided; plus ; (c) the worth The worth, at the time of award the award, of the amount by which the unpaid Rent for the balance of the Term term after the time of the award exceeds the amount of such the loss of Rent loss that Tenant proves could have been reasonably avoided; plus ; (d) any Any other amount amount, and court costs costs, necessary to compensate Landlord for all the detriment proximately caused by Tenant’s default or which in the ordinary course of things would be likely to result therefrom ('s Default, including, without limiting the generality limitation, any unamortized brokerage commissions attributable to this Lease, or any unamortized costs of the foregoing, the amount of any commissions, finder’s fee, advertising costs, remodeling costs and attorneys’ fees in connection with obtaining a replacement tenant); plustenant improvements as set forth on Schedule 5 attached hereto.

Appears in 1 contract

Samples: Lease (American River Bankshares)

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