Common use of Accelerated Rent Clause in Contracts

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.

Appears in 1 contract

Sources: Industrial/Commercial Lease (Certicom Corp)

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 ’s installment of Basic Rent and of all Additional Rent for the current month, together with the next three (3) months' 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.

Appears in 1 contract

Sources: Office Lease (Harris Interactive Inc)