Common use of Termination Damages Clause in Contracts

Termination Damages. If the Term of this Lease is terminated for default, unless and until Landlord elects lump sum liquidated damages described in the next paragraph, Tenant covenants, as an additional, cumulative obligation after any such termination, to pay punctually to Landlord all the sums and perform all of its obligations in the same manner as if the Term had not been terminated. In calculating such amounts Tenant will be credited with the net proceeds of any rent then actually received by Landlord from a reletting of the Premises after deducting all Rent that has not then been paid by Tenant, provided that Tenant shall never be entitled to receive any portion of the re-letting proceeds, even if the same exceed the Rent originally due hereunder.

Appears in 12 contracts

Samples: Lease Agreement (Vertex Pharmaceuticals Inc / Ma), Lease Agreement (Vertex Pharmaceuticals Inc / Ma), Lease Agreement (Cyteir Therapeutics, Inc.)

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Termination Damages. If the Term of this Lease is terminated for default, then unless and until Landlord elects lump sum liquidated damages described in the next paragraph, Section 7.2.3 below Tenant covenants, as an additional, additional cumulative obligation after any such termination, to pay punctually to Landlord all the sums and perform all of its the obligations which Tenant covenants in this Lease to pay and to perform in the same manner and to the same extent and at the same time as if the Term this Lease had not been terminated. In calculating such the amounts to be paid by Tenant will pursuant to the preceding sentence Tenant shall be credited with the net proceeds of any rent then actually received by Landlord from a reletting of the Premises after deducting all Rent that has sums provided for in this Lease to be paid by Tenant and not then been paid by Tenant, provided that Tenant shall never be entitled to receive any portion of the re-letting proceeds, even if the same exceed the Rent originally due hereunderpaid.

Appears in 4 contracts

Samples: Lease Agreement (Olink Holding AB (Publ)), Lease Agreement (Olink Holding AB (Publ)), Lease (Netezza Corp)

Termination Damages. If the Term of this Lease is terminated for default, then unless and until Landlord elects lump sum liquidated damages described in the next paragraph, (c) below Tenant covenants, as an additional, additional cumulative obligation after any such termination, to pay punctually to Landlord all the sums and perform all of its the obligations which Tenant covenants in this Lease to pay and to perform in the same manner and to the same extent and at the same time as if the Term this Lease had not been terminated. In calculating such the amounts to be paid by Tenant will pursuant to the preceding sentence Tenant shall be credited with the net proceeds of any rent then actually received by Landlord from a reletting of the Demised Premises after deducting all Rent that has sums provided for in this Lease to be paid by Tenant and not then been paid by Tenant, provided that Tenant shall never be entitled to receive any portion of the re-letting proceeds, even if the same exceed the Rent originally due hereunderpaid.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (West Marine Inc)

Termination Damages. If the Term of this Lease is terminated for default, unless and until Landlord elects lump sum liquidated damages described in the next paragraph, Tenant covenants, as an additional, cumulative obligation after any such termination, to pay punctually to Landlord all the sums and perform all of its obligations in the same manner as if the Term had not been terminated. In calculating such amounts Tenant will be credited with the net proceeds of any rent then actually received by Landlord from a reletting of the Premises after deducting all Rent sums to be paid by Tenant under Section 8.2.1 that has have not then been paid by Tenant, provided that that, although it shall be entitled to such credit, Tenant shall never be entitled to receive any portion of the re-letting proceeds, even if the same exceed the Rent rent originally due hereunder.

Appears in 2 contracts

Samples: Lease (Parlex Corp), Lease Agreement (Parlex Corp)

Termination Damages. If the Term of this Lease is terminated for default, unless and until Landlord elects lump sum liquidated damages described in the next paragraph, Tenant covenants, as an additional, cumulative obligation after any such termination, to pay punctually to Landlord all the sums and perform all of its obligations in the same manner as if the Term had not been terminated. In calculating such amounts Tenant will be credited with the net proceeds of any rent then actually received by Landlord from a reletting of the Premises after deducting all Rent that has not then been paid by TenantXxxxxx, provided that Tenant shall never be entitled to receive any portion of the re-letting proceeds, even if the same exceed the Rent originally due hereunder.

Appears in 1 contract

Samples: Lease Agreement (Curis Inc)

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Termination Damages. If the Term of this Lease is terminated for default, unless and until Landlord elects lump sum liquidated damages described in the next paragraph, Tenant covenants, as an additional, cumulative obligation after any such termination, to pay punctually to Landlord all the sums and perform all of its obligations in the same manner as if the Term had not been terminated. In calculating such amounts Tenant will be credited with the net proceeds of any rent then actually received by Landlord from a reletting of the Premises after deducting all Rent sums to be paid by Tenant under Section 8.2.1 that has have not then been paid by Tenant, provided that Tenant shall never be entitled to receive any portion of the re-letting proceeds, even if the same exceed the Rent rent originally due hereunder.

Appears in 1 contract

Samples: Lease Agreement (Digitas Inc)

Termination Damages. If the Term of this Lease is terminated for default, then unless and until Landlord elects lump sum liquidated damages described in the next paragraph, (c) below Tenant covenants, as an additional, additional cumulative obligation after any such termination, to pay punctually to Landlord all the sums and perform all of its the obligations which Tenant covenants in this Lease to pay and to perform in the same manner and to the same extent and at the same time as if the Term this Lease had not been terminated. In calculating such the amounts to be paid by Tenant will pursuant to the preceding sentence Tenant shall be credited with the net proceeds of any rent then actually received by Landlord from a reletting of the Premises after deducting all Rent that has sums provided for in this Lease to be paid by Tenant and not then been paid by Tenant, provided that Tenant shall never be entitled to receive any portion of the re-letting proceeds, even if the same exceed the Rent originally due hereunderpaid.

Appears in 1 contract

Samples: Lease Agreement (Vistaprint LTD)

Termination Damages. If the Term of this Lease is terminated for defaultan Event of Default, unless and until Landlord elects lump sum liquidated damages described in the next paragraph, Tenant covenants, as an additional, cumulative obligation after any such termination, to pay punctually to Landlord all the sums and perform all of its obligations in the same manner as if the Term had not been terminated. In calculating such amounts Tenant will be credited with the net proceeds of any rent then actually received by Landlord from a reletting of the Premises after deducting all Rent that has not then been paid by TenantReletting Expenses, provided that Tenant shall never be entitled to receive any portion of the re-letting proceeds, even if the same exceed the Rent originally due hereunder.

Appears in 1 contract

Samples: Lease Agreement (Synageva Biopharma Corp)

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