Without Termination Sample Clauses
The "Without Termination" clause establishes that the agreement or a specific obligation within it will continue in effect and cannot be ended prematurely by either party. In practice, this means that even if circumstances change or one party wishes to exit the arrangement, the contract remains binding for its full term or until its objectives are fulfilled. This clause is commonly used in situations where continuity is essential, such as long-term service agreements or non-cancellable commitments. Its core function is to provide certainty and stability by preventing early termination, thereby ensuring that both parties can rely on the ongoing performance of the contract.
Without Termination. If Landlord shall not elect to terminate this Lease pursuant to Section 29(b)(iv) above, notwithstanding reentry upon the Premises by Landlord and in addition to and without limiting Landlord’s right to other damages upon the occurrence of an Event of Default, Tenant shall be and remain liable to Landlord in an amount computed as follows (the “Accelerated Rent Component”): (a) an amount equal to the sum of all Rent then in arrears plus the aggregate of all Rent which is payable under this Lease for the balance of the Term, computed as if no Event of Default had occurred and any reentry had not been made (including, without limitation, Tenant’s Proportionate Share of Real Estate Taxes and Operating Expenses which would be owing for the remainder of the Term, as reasonably estimated by Landlord) and, in calculating such aggregate of Rent which is payable under this Lease for the balance of the Term, using a discount rate of six (6%) percent per annum; plus (b) all costs and expenses incurred by Landlord in connection with the Event of Default and any reletting of the Premises, including, without limitation, (i) costs of reentry, repair and renovation, (ii) the value of all inducements granted or paid to new tenants of the Premises in connection with reletting including, without limitation, construction allowances and the value of rent-free periods, (iii) brokers’ commissions and advertising expenses, (iv) watchman’s wages and any sheriffs, marshal’s, constable’s or other officials’ commissions, whether chargeable to Landlord or Tenant, and (v) attorneys’ fees, costs and expenses; plus