Examples of Break Event in a sentence
If a Lease Break Event occurs, Resident and Agent intend and agree to fix and liquidate Resident’s liability for future rent and re-letting damages.
Upon the occurrence of a Lease Break Event, Resident shall pay a lease break fee in the amount of $«LiquidatedDamages» as well as pay, repay, or refund any Lease Concessions in the total amount set forth in any Lease Concession Addendum.
Resident shall pay and otherwise be liable to Agent for the lease break fee plus the repayment of any Lease Concessions upon the occurrence of a Lease Break Event regardless of the circumstances which Resident vacates including but not limited to voluntary surrender, at the request of Agent as the result of Resident’s default under the Lease, as the result of an eviction or forcible detainer proceeding or otherwise.
Resident agrees that the lease break fee agreed to be paid by Resident upon the occurrence of a Lease Break Event represents a fair amount and method to allocate the numerous risks and liabilities regarding future rent and re-letting damages between Resident and Agent.
Resident shall pay and otherwise be liable to Landlord for the re-letting fee upon the occurrence of a Lease Break Event regardless of the circumstances which Resident vacates, including but not limited to voluntary surrender, at the request of Landlord as the result of Resident’s default under the Lease, as the result of an eviction or forcible detainer proceeding, or otherwise.