Common use of Xxxxxxx Rights Clause in Contracts

Xxxxxxx Rights. (i). Upon the happening of any Event of Default, Lessor, if it shall elect, may collect each installment of Rent hereunder as and when the same matures, or terminate this Lease without further liability to the Lessee hereunder, or terminate the Lessee’s right to possession and occupancy of the Premises without terminating the Lease. In the event Lessor shall exercise such right, the same shall be effective as of the date of written notice of the Lessor’s election given to the Lessee at any time after the date of such Event of Default. Lessor may provide notice of termination of the Lease and demand for Lessee to vacate the Premises within fourteen (14) days in a single writing. Upon any termination of the Lease Term hereof, whether by lapse of time or otherwise, or upon any termination of Lessee’s right to possession or occupancy of the Premises without termination of the Term hereof, Lessee shall within fourteen (14) days surrender possession, vacate the Premises and deliver possession to Lessor. Upon any termination of the Lease or termination of Lessee’s possession or occupancy of the Premises, or upon any other default by the Lessee, the Rent hereunder for the entire Lease Term and other payment due to Lessor by Lessee shall become immediately due and payable. However, Lessor’s right of election, once exercised, shall not prohibit the election of another or different remedy at a later date.

Xxxxxxx Rights. (i). Upon the happening of any Event of Default, Lessor, if it shall elect, may collect each installment of Rent hereunder as and when the same matures, or terminate this Lease without further liability to the Lessee hereunder, or terminate the Lessee’s right to possession and occupancy of the Premises without terminating the Lease. In the event Lessor shall exercise such right, the same shall be effective as of the date of written notice of the Lessor’s election given to the Lessee at any time after the date of such Event of Default. Lessor may provide notice of termination of the Lease and demand for Lessee to vacate the Premises within fourteen (14) days in a single writing. Upon any termination of the Lease Term hereof, whether by lapse of time or otherwise, or upon any termination of LesseeXxxxxx’s right to possession or occupancy of the Premises without termination of the Term hereof, Lessee shall within fourteen (14) days surrender possession, vacate the Premises and deliver possession to Lessor. Upon any termination of the Lease or termination of LesseeXxxxxx’s possession or occupancy of the Premises, or upon any other default by the Lessee, the Rent and Utility Fee due hereunder for the entire Lease Term and other payment due to Lessor by Lessee shall become immediately due and payable. However, LessorXxxxxx’s right of election, once exercised, shall not prohibit the election of another or different remedy at a later date.

Xxxxxxx Rights. (i). Upon the happening of any Event of Default, Lessor, if it shall elect, may collect each installment of Rent hereunder as and when the same matures, or terminate this Lease without further liability to the Lessee hereunder, or terminate the Lessee’s right to possession and occupancy of the Premises without terminating the Lease. In the event Lessor shall exercise such right, the same shall be effective as of the date of written notice of the Lessor’s election given to the Lessee at any time after the date of such Event of Default. Lessor may provide notice of termination of the Lease and demand for Lessee to vacate the Premises within fourteen (14) days in a single writing. Upon any termination of the Lease Term hereof, whether by lapse of time or otherwise, or upon any termination of Lessee’s right to possession or occupancy of the Premises without termination of the Term hereof, Lessee shall within fourteen (14) days surrender possession, vacate the Premises and deliver possession to Lessor. Upon any termination of the Lease or termination of Lessee’s possession or occupancy of the Premises, or upon any other default by the Lessee, the Rent and Utility Fee due hereunder for the entire Lease Term and other payment due to Lessor by Lessee shall become immediately due and payable. However, Lessor’s right of election, once exercised, shall not prohibit the election of another or different remedy at a later date.