Common use of Termination Damages Clause in Contracts

Termination Damages. If this Lease is terminated for Tenant’s Event of Default, then 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 hereunder at the same time and in the same manner as if this Lease 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 re-letting of the Premises after deducting all Rent and Reletting Expenses that 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 originally due hereunder.

Appears in 5 contracts

Samples: Lease Agreement (Vigil Neuroscience, Inc.), Lease Agreement (Vigil Neuroscience, Inc.), Lease Agreement (SQZ Biotechnologies Co)

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Termination Damages. If the Term of this Lease is terminated for Tenant’s Event of Defaultdefault, then 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 hereunder at the same time and in the same manner as if this Lease the Term had not been terminated. In calculating such amounts, amounts Tenant will be credited with the net proceeds of any rent (if any) then actually received by Landlord from a re-letting reletting of the Premises after deducting all Rent and Reletting Expenses that have not then been paid by TenantTenant to Landlord, provided that in no event shall 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: Corporate Headquarters Lease (TripAdvisor, Inc.)

Termination Damages. If the Term of this Lease is terminated for Tenant’s an Event of Default, then 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 which remain unpaid and perform all of its obligations hereunder at the same time and in which remain unperformed the same manner as if this Lease the Term had not been terminated. In calculating such amounts, amounts Tenant will be credited with the net proceeds of any rent then actually received by Landlord from a re-letting reletting of the Premises after deducting all Rent and Reletting Expenses that have 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 1 contract

Samples: Lease Agreement (Ironwood Pharmaceuticals Inc)

Termination Damages. If this Lease is terminated for Tenant’s Event of Defaultdefault, 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 hereunder 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 and in the same manner as if this Lease had not been terminated. In calculating such amounts, 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 re-letting reletting of the Premises after deducting all Rent sums provided for in this Lease to be paid by Xxxxxx and Reletting Expenses that 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 originally due hereunder.paid. -86-

Appears in 1 contract

Samples: Lease Agreement (Boston Technology Inc)

Termination Damages. If the Term of this Lease is terminated for Tenant’s an Event of Default, then unless and until Landlord elects lump sum liquidated damages described in the next paragraphSection 14.3(c) below, Tenant covenants, as an additional, cumulative obligation after any such termination, to pay punctually to Landlord on a monthly basis all the sums and to perform all of its obligations hereunder at the same time and in the same manner as if this Lease the Term had not been terminated. In calculating such amounts, monthly amounts Tenant will be credited with the net proceeds of any rent (if any) then actually received by Landlord from a re-letting reletting of the Premises after deducting all Rent and Reletting Expenses that have not then been paid by TenantTenant to Landlord, provided that in no event shall 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 (Cerevel Therapeutics Holdings, Inc.)

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Termination Damages. If this Lease is terminated for Tenant’s Event of Default, then 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 hereunder at the same time and in the same manner as if this Lease 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 re-letting of the Premises after deducting all Rent due as of such date and Reletting Expenses that 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 originally due hereunder.

Appears in 1 contract

Samples: Lease Agreement (Kala Pharmaceuticals, Inc.)

Termination Damages. If this Lease is terminated for Tenant’s due to an Event of Default, then unless and until Landlord elects lump sum liquidated damages described in the next paragraphSection 9.2(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 hereunder 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 and in the same manner as if this Lease had not been terminated. In calculating such amounts, the amounts to be paid by Tenant will pursuant to the preceding sentence Tenant shall be credited with the net proceeds of any rent Rent then actually received by Landlord from a re-letting reletting of the Premises after deducting all Rent and Reletting Expenses that have and all 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 (Biolife Solutions Inc)

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