Accelerated Rent Sample Clauses
The Accelerated Rent clause allows a landlord to demand immediate payment of all remaining rent due under a lease if the tenant defaults, such as by failing to pay rent or abandoning the property. In practice, this means that instead of collecting rent month by month, the landlord can require the tenant to pay the entire balance of rent owed for the rest of the lease term at once. This clause serves to protect the landlord from financial loss due to tenant default by ensuring they can recover the full value of the lease more quickly and efficiently.
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Accelerated Rent. In the event of an occurrence of an Event of Default, the current month’s Rent plus the next ensuing six (6) month’s Rent shall immediately become due and payable and, as indicated above, the Landlord may, without prejudice to any other rights and recourses it may have, terminate this Lease and take immediate possession of the Premises and the Term of this Lease will forthwith become forfeited and determined and no payment or acceptance of rental subsequent to such termination will give the Tenant the right to continue occupancy of the Premises or in any way affect the rights of the Landlord herein.
Accelerated Rent. In the event of any Event of Default, the Rent reserved herein for the entire unexpired portion of the Term shall, at Landlord's option, thereupon immediately become due and payable. To the extent permitted by law, Tenant shall be obligated for such accelerated Rent regardless of which, if any, of the other remedies provided either in this Lease or by law the Landlord elects to pursue.
Accelerated Rent. All monthly rent for the remainder of the Lease Term will be accelerated automatically without notice or demand (before or after acceleration) and will be immediately due and delinquent if, without LESSOR’s written consent: (1) LESSEE moves out, removes property preparatory to moving-out, or gives oral or written notice of intent to move out before the Lease Term ends; and (2) LESSEE has not paid all the rent for the entire Lease Term. Such conduct is considered a breach of the lease contract. Remaining rent also will be accelerated if LESSEE is judicially evicted or moved-out on demand of the LESSOR due to LESSEE’s default on his/her obligations.
Accelerated Rent. If Tenant abandons the Premises prior to expiration of the Lease term, the Landlord may, at its sole discretion and upon written notice, send to the Tenant at the Leased Premises notice of Accelerated Monthly Payments and declare the remainder of Monthly Payments due under the Lease (Accelerated Rent) which shall be immediately due and payable.
Accelerated Rent. Notwithstanding anything to the contrary in this Lease, in the event that the Lessor redeems or is required to redeem in whole or in part, outstanding Equipment Notes under the Indenture on any date, the Lessee shall pay on such date the amount corresponding to such amount redeemed plus accrued and unpaid interest thereon plus any Supplemental Rent (including Make-Whole Amount, if any) due and payable on such date in connection with the Indenture.
Accelerated Rent. In any of the events referred to in Section 13.01, in addition to any and all other rights available to the Landlord, the full amount of the current month's installment of Basic Rent and of all Additional Rent for the current month, together with the next three (3) months' installments of Basic Rent and of all Additional Rent for the next three (3) months, all of which shall be deemed to be accruing due on a day-to-day basis, shall immediately become due and payable as accelerated rent, and the Landlord may immediately distrain for the same, together with any arrears then unpaid.
Accelerated Rent. In any of the events referred to in Section 13.01, in addition to any and all other rights available to the Landlord, the full amount of the current month's instalment of Basic Rent and of all Additional Rent for the current month, together with the next . . . THREE (3) months' instalments of Basic Rent and of all Additional Rent for the next . . . THREE (3) months, all of which shall be deemed to be accruing due on a day-to-day basis, shall immediately become due and payable as accelerated rent, and the Landlord may immediately distrain for the same, together with any arrears then unpaid.
Accelerated Rent. (a) Upon any Event of Default, the Annual Base Rent and Additional Payment Obligations reserved herein for the entire unexpired portion of the Term shall, at Landlord's option, thereupon immediately become due and payable (without regard to the premature termination of the Term by reason of such Event of Default). Tenant shall be obligated for such accelerated Rents regardless of which, if any, of the other remedies provided in this Lease or under law or in equity the Landlord elects to pursue. Landlord shall forthwith, notwithstanding any other provisions of this Lease to the contrary, be entitled to recover from Tenant all outstanding and unpaid Annual Base Rent and Additional Payment Obligations as of the date of such Event of Default, together with an amount, as liquidated damages, equal to the difference between the present worth of the aggregate of the Annual Base Rent and Additional Payment Obligations which would have been payable hereunder for the original unexpired portion of the Term of this Lease (without regard to the premature termination of the Term by reason of such Event of Default) and the then present worth of the then aggregate fair market rent of the Premises for the same period. In the computation of such present value, a discount at a current commercially reasonable market capitalization rate shall be employed. Upon any termination of this Lease by Landlord as a result of an Event of Default by Tenant, Landlord agrees to take commercially reasonable steps to re-lease the Premises to mitigate its damages as provided in Section 22.2 below.
(b) Nothing herein contained shall limit or prejudice the right of Landlord in lieu of the foregoing accelerated Annual Base Rent and Additional Payment Obligations remedy to prove and obtain by reason of such termination an amount of damages, and interest thereon at the rate which is the lesser of eighteen percent (18 %) per annum or the maximum legal rate then in effect, whether or not such amount be greater, equal to, or less than the accelerated amount referred to above.
(c) It is understood by the parties that the preceding paragraphs will not be applicable in the event of an early termination if the Tenant has another tenant in place for the Premises with the same or greater financial solvency, in which case the Landlord will not charge any penalties to the Tenant for such early termination.
Accelerated Rent. If American repossesses the Demised Premises without terminating the Sublease, then Sublessee shall pay to American all rent and other indebtedness accrued to the date of such repossession, which is hereby accelerated at such time, plus rent and other sums required to be paid by Sublessee during the remainder of the Term, diminished by any net sums thereafter received by American through reletting the Demised Premises during said period (after deducting expenses incurred by American as provided below). Re-entry by American will not affect the obligations of Sublessee for the unexpired Term. Sublessee shall not be entitled to any excess of any rent obtained by reletting over the rent herein reserved. Actions to collect amounts due by Sublessee may be brought on one or more occasions, without the necessity of American's waiting until expiration of the Term.
Accelerated Rent. The term "Accelerated Rent" shall mean the aggregate of: