Reletting Costs definition

Reletting Costs. Expenses incurred by Lessor in connection with the reletting of the Leased Properties in whole or in part after an Event of Default, including without limitation attorneys' fees and expenses, brokerage fees and expenses, marketing expenses and the cost of repairs and renovations reasonably required for such reletting. Renewal Term: A period for which the Term is renewed in accordance with Section 1.3. Renewal Term Expiration Date: September 30, 2020. Rent: Collectively, the Base Rent and Additional Charges.

Reletting Costs means the costs and expenses associated with re-tenanting the applicable Acquired Property, assuming each tenant with a right to terminate its Space Lease actually terminates such Space Lease in accordance with the terms thereof, taking into account any Leasing Costs, expected time on the market to lease the space subject to termination, business interruption proceeds available during such period, and all other relevant xxxxxxx.xx reasonably estimated by a leasing brokerage firm familiar with the market in which the Acquired Property is located, that is mutually acceptable to the Parties. If any tenant under the Space Lease that has the right to terminate the Space Lease waives its right to terminate its Space Lease or otherwise fails to terminate the Space Lease within any time period required by its Space Lease (x) prior to the Closing or Deferred Closing Date, as applicable, Buyer shall not be entitled to any Reletting Costs with respect to such Space Lease and (y) after the Closing Date (or Deferred Closing Date, as applicable), Buyer shall repay to Seller any Reletting Costs paid to Buyer in connection with such tenant and Space Lease.

Reletting Costs. Expenses incurred by Lessor in connection with the reletting of the Leased Properties in whole or in part after an Event of Default, including without limitation reasonable attorneys’ fees and expenses, brokerage fees and expenses, marketing expenses and the cost of repairs and renovations reasonably required for such reletting. Renewal Term: A period for which the Term is renewed in accordance with Section 1.3. Rent: Collectively, Base Rent and Additional Charges.

Examples of Reletting Costs in a sentence

• Any and all of the Reletting Costs shall be fully chargeable to Tenant and shall not be prorated or otherwise amortized in relation to any new lease for the Premises or any portion thereof.

• All Reletting Costs shall be fully chargeable to Tenant and shall not be prorated or otherwise amortized in relation to any new lease for the Premises or any portion thereof.

• Alternatively, at the option of Landlord, in the event this Lease is so terminated, Landlord shall be entitled to recover forthwith against Tenant, as liquidated damages and not as a penalty, the then value of the Aggregate Gross Rent and Reletting Costs less the aggregate rental value of the Premises for what otherwise would have been the unexpired balance of the Term.

• Provided the additional amount for Catastrophe cover is not totally used for a claim, We will also increase the total amount We will pay under Additional Benefit Loss of Rent, Temporary Accommodation and Removal Costs by 15% if “Loss Of Rent, Reletting Costs, Temporary Accommodation And Removal Costs” on page 15 is payable.

• Upon the occurrence of such re-entry or repossession, the Landlord shall be entitled to the amount of the monthly Rent which would be payable hereunder if such re-entry or repossession had not occurred, less the net proceeds, if any, of any reletting of the Leased Premises after deducting all Reletting Costs and all attorneys’ fees, other costs and expenses incurred in the re-entry, repossession and reletting procedures.

More Definitions of Reletting Costs

Reletting Costs. Expenses incurred by Landlord in connection with the reletting of the Leased Properties in whole or in part after an Event of Default, including without limitation attorneys’ fees and expenses, brokerage fees and expenses, marketing expenses and the cost of repairs and renovations reasonably required for such reletting. Renewal Term: A period for which the Term is renewed in accordance with Section 1.3. Renewal Term Expiration Date: September 30, 2040. Rent: Collectively, the Base Rent and Additional Charges.

Reletting Costs shall have the meaning given to it in Section 12.2(A) hereof.

Reletting Costs all expenses incurred by Landlord in connection with repossession, removal and reletting of the Leased Premises, including without limitation any alterations and/or repairs to the Leased Premises deemed necessary or advisable by Landlord in connection with reletting, any lease commission and other fees or forms of compensation payable to brokers and any attorneys' fees and court costs payable in connection with reletting.

Reletting Costs shall include, without limitation, all reasonable costs and expenses incurred by Landlord for any repairs, maintenance, changes, alterations and improvements to the Premises, brokerage commissions, advertising costs. attorneys’ fees, any customary free rent periods or credits, tenant improvement allowances, take-over lease obligations and other customary, necessary or appropriate economic incentives required to enter leases with replacement tenants. Termination of possession and reentry by Landlord will not affect the obligations of Tenant for the unexpired Term. Tenant shall not be entitled to any excess of any rent obtained by reletting over the Rent herein reserved. Actions to collect amounts due by Tenant may be brought on one or more occasions, without the necessity of Landlord’s waiting until expiration of the Term. Landlord may at Landlord’s election use Tenant’s personal property and trade fixtures or any of such property and fixtures without compensation and without liability for use or damage, or store them for the account and at the cost of Tenant.

Reletting Costs. Expenses incurred by Lessor in connection with the reletting of the Leased Properties in whole or in part after an Event of Default, including without limitation attorneys’ fees and expenses, brokerage fees and expenses, marketing expenses and the cost of repairs and renovations reasonably required for such reletting. Renewal Term: A period for which the Term is renewed in accordance with Section 1.3. Rent: Collectively, Base Rent and Additional Charges. Replacement Cost: The actual replacement cost of the Leased Properties, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In all events Replacement Cost shall be an amount sufficient that neither Lessor nor Lxxxxx is deemed to be a co-insurer of the Leased Property in question.

Reletting Costs shall include, without limitation, all reasonable costs and expenses incurred by Landlord for

Reletting Costs. Actual expenses incurred by Lessor in connection with the reletting of the Leased Properties in whole or in part after an Event of Default, including without limitation attorneys' fees and expenses, brokerage fees and expenses, marketing expenses and the cost of repairs and renovations reasonably required for such reletting.