Continued Liability of Tenant Clause Samples

The Continued Liability of Tenant clause establishes that a tenant remains responsible for certain obligations under a lease even after vacating the premises or transferring the lease to another party. In practice, this means that if the tenant assigns the lease or sublets the property, they may still be held liable for unpaid rent, damages, or breaches of lease terms by the new occupant. This clause ensures that the landlord retains a reliable party to pursue for any defaults, thereby reducing the risk of non-payment or unaddressed damages after a change in tenancy.
Continued Liability of Tenant. Tenant shall remain primarily liable on its covenants hereunder unless released in writing by Landlord. In the event of any assignment or sublease which is consented to by Landlord, the transferee shall agree in writing to perform and be bound by all of the covenants of this Lease required to be performed by Tenant.
View SourceView Similar (5)
Continued Liability of Tenant. If the Tenant makes any assignment, sublease, license, or grant of a concession, the Tenant will nevertheless remain unconditionally liable for the performance and financial obligations of all of the terms, conditions, and covenants of this Lease.
View SourceView Similar (4)
Continued Liability of Tenant. Notwithstanding anything contained herein to the contrary, Landlord specifically reserves unto itself the right to pursue a claim for nonpayment of, and Tenant shall remain liable for payment of and agrees to pay, any sums owing under the Lease with respect to the Contraction Space, including any indemnity obligations of Tenant, through and including the Contraction Date. All of the obligations of Tenant set forth in this Section shall survive the termination of the Lease with respect to the Contraction Space and the surrender of the Contraction Space.
View Source
Continued Liability of Tenant. Notwithstanding anything contained herein to the contrary, Landlord specifically reserves unto itself the right to pursue a claim for nonpayment of, and Tenant shall remain liable for payment of and agrees to pay, any sums owing under the Lease with respect to the Contraction Space through and including the Contraction Date. Additionally, Landlord specifically reserves unto itself the right to pursue any claim against Tenant for an existing breach of the Lease with respect to the Contraction Space which is not actually known to Landlord as of the date hereof, as well as the right to enforce any obligations of Tenant arising prior to the Contraction Date (including, without limitation, any indemnity obligations on the part of Tenant to be performed). All of the obligations of Tenant set forth in this Section shall survive the termination of the Lease with respect to the Contraction Space and the surrender of the Contraction Space.
View Source
Continued Liability of Tenant. Notwithstanding anything contained herein to the contrary, Landlord specifically reserves unto itself the right to pursue a claim for nonpayment of, and Tenant shall remain liable for payment of and agrees to pay, any sums owing under the Lease as it pertains to the Twelfth Floor Space, through and including the Effective Termination Date. Without limiting the generality of the foregoing, Tenant acknowledges and agrees that the provisions of the Lease with respect to the payment of Additional Rent, as it pertains to the Twelfth Floor Space, shall survive the termination of that portion of the Lease as it pertains to the Twelfth Floor Space such that Tenant shall remain liable and responsible for any amounts due from Tenant in accordance with the provisions of the that portion of the Lease as it pertains to the Twelfth Floor Space for the period through and including Effective Termination Date, but which amounts may not be reconciled until after the Effective Termination Date. All of the obligations of Tenant set forth in this Section shall survive the termination of that portion of the Lease as it pertains to the Twelfth Floor Space and the surrender of the Twelfth Floor Space. Notwithstanding anything to the contrary contained in this Agreement, nothing contained herein shall release Landlord or Tenant from any of their respective obligations, liabilities and duties under the Lease as they pertains to the Eighth Floor Space, and Landlord and Tenant acknowledge and agree that the Lease as it pertains to the Eighth Floor Space remains in full force and effect, and shall remain in full force in effect after the Effective Termination Date, until such time as the Lease, as it pertains to the Eighth Floor Space, expires or is earlier terminated in accordance with the terms of the Lease.
View Source
Continued Liability of Tenant. Tenant shall remain fully liable to Landlord for the performance of all the terms, covenants, conditions and provisions of the Master Lease as amended by Paragraph 4(a) hereof, including, without limitation, the obligation to make all payments due to Landlord. Tenant hereby indemnifies and holds Landlord harmless from any and all Claims (as defined in the Direct Lease) arising from Subtenant’s occupancy and use of the Sublease Premises, or any portion thereof.
View Source

Related to Continued Liability of Tenant

  • NON-LIABILITY OF LANDLORD Except in the event of negligence of Landlord, its agents, employees or contractors, Landlord shall not be liable for any loss or damage for failure to furnish heat, air conditioning, electricity, elevator service, water, sprinkler system or janitorial service. Landlord shall not be liable for personal injury, death or any damage from any cause about the Premises or the Building except if caused by Landlord's gross negligence.

  • LIABILITY OF LANDLORD (a) If Landlord should sell or otherwise transfer Landlord’s interest in the Premises, Tenant agrees that Landlord shall thereafter have no liability to Tenant under this Lease or any modification or amendment thereof or extensions or renewals thereof, except for such liabilities which might have accrued prior to the date of such sale or transfer of Landlord’s interest. (b) Notwithstanding anything herein contained to the contrary, if Landlord shall at any time be in default of its obligations hereunder, Tenant shall not exercise any of its remedies for such default unless Tenant shall have given Landlord written notice thereof (but Landlord shall not be deemed in default if such default cannot reasonably be cured in thirty (30) days and Landlord commences to remedy such default within said thirty (30) day period and proceeds therewith with due diligence until completion); provided, however, if Landlord’s default has created an emergency situation requiring immediate corrective action to protect property or persons from damage or injury, Tenant shall be permitted to take reasonable corrective action at Landlord’s expense prior to such notice provided Tenant has used reasonable efforts to give Landlord verbal notice and Landlord has not promptly responded. (c) If Landlord shall fail to perform any covenant, term or condition of this Lease upon Landlord’s part to be performed or if Landlord shall be liable to Tenant in any way arising out of this Lease, or pursuant to statute, law, ordinance or regulation, or under the common law, and, as a consequence, if Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the Landlord’s interest in the Building and the Land and the proceeds thereof. If Landlord is an individual, a trustee of a trust or a partnership, Landlord’s obligations hereunder shall not be binding upon, nor shall there be any personal liability by, Landlord individually, the trustees of said trust, the beneficiaries of said trust, the partnership, or the partners of the partnership.

  • Liability of the Bank (a) The liability of the Bank (or any other Indemnified Person) under, in connection with and/or arising out of this Agreement, any Related Document or the Letter of Credit (or any pre-advice), regardless of the form or legal grounds of the action or proceeding, shall be limited to any direct damages suffered by the Applicant that are caused directly by Bank’s gross negligence or willful misconduct in (i) honoring a presentation that does not at least substantially comply with the Letter of Credit, (ii) failing to honor a presentation that strictly complies with the Letter of Credit or (iii) retaining Drawing Documents presented under the Letter of Credit. In no event shall the Bank be deemed to have failed to act with due diligence or reasonable care if the Bank’s conduct is in accordance with Standard Letter of Credit Practice or in accordance with this Agreement. The Applicant’s aggregate remedies against the Bank and any Indemnified Person for wrongfully honoring a presentation under the Letter of Credit or wrongfully retaining honored Drawing Documents shall in no event exceed the aggregate amount paid by the Applicant to the Bank in respect of an honored presentation under the Letter of Credit, plus interest. Notwithstanding anything to the contrary herein, the Bank and the other Indemnified Persons shall not, under any circumstances whatsoever, be liable for any punitive, consequential, indirect or special damages or losses regardless of whether the Bank or any Indemnified Person shall have been advised of the possibility thereof or of the form of action in which such damages or losses may be claimed. The Applicant shall take action to avoid and mitigate the amount of any damages claimed against the Bank or any Indemnified Person, including by enforcing its rights in the underlying transaction. Any claim by the Applicant for damages under or in connection with this Agreement, any Related Document or the Letter of Credit shall be reduced by an amount equal to the sum of (i) the amount saved by the Applicant as a result of the breach or alleged wrongful conduct and (ii) the amount of the loss that would have been avoided had the Applicant mitigated damages. (b) Without limiting any other provision of this Agreement, the Bank and each other Indemnified Person (if applicable), shall not be responsible to the Applicant for, and the Bank’s rights and remedies against the Applicant and the Applicant’s obligation to reimburse the Bank shall not be impaired by: (i) honor of a presentation under the Letter of Credit which on its face substantially complies with the terms of the Letter of Credit; (ii) honor of a presentation of any Drawing Documents which appear on their face to have been signed, presented or issued (X) by any purported successor or transferee of any beneficiary or other party required to sign, present or issue the Drawing Documents or (Y) under a new name of the beneficiary; (iii) acceptance as a draft of any written or electronic demand or request for payment under the Letter of Credit, even if nonnegotiable or not in the form of a draft, and may disregard any requirement that such draft, demand or request bear any or adequate reference to the Letter of Credit; (iv) the identity or authority of any presenter or signer of any Drawing Document or the form, accuracy, genuineness, or legal effect of any presentation under the Letter of Credit or of any Drawing Documents; (v) disregard of any non-documentary conditions stated in the Letter of Credit; (vi) acting upon any Instruction which it, in Good Faith, believes to have been given by a Person or entity authorized to give such Instruction; (vii) any errors, omissions, interruptions or delays in transmission or delivery of any message, advice or document (regardless of how sent or transmitted) or for errors in interpretation of technical terms or in translation; (viii) any delay in giving or failing to give any notice; (ix) any acts, omissions or fraud by, or the solvency of, any beneficiary, any nominated Person or any other Person; (x) any breach of contract between the beneficiary and the Applicant or any of the parties to the underlying transaction; (xi) assertion or waiver of any provision of the ISP which primarily benefits an issuer of a letter of credit, including, any requirement that any Drawing Document be presented to it at a particular hour or place; (xii) payment to any paying or negotiating bank (designated or permitted by the terms of the Letter of Credit) claiming that it rightfully honored or is entitled to reimbursement or indemnity under Standard Letter of Credit Practice; (xiii) dishonor of any presentation upon or during any Event of Default or for which the Applicant is unable or unwilling to reimburse or indemnify the Bank (provided that the Applicant acknowledges that if the Bank shall later be required to honor the presentation, the Applicant shall be liable therefore in accordance with Article 2 hereof); and (xiv) acting or failing to act as required or permitted under Standard Letter of Credit Practice. For purposes of this Section 7.5(b), “Good Faith” means honesty in fact in the conduct of the transaction concerned.

  • Liability of the Seller The Seller shall be liable in accordance herewith only to the extent of the obligations in this Agreement specifically undertaken by the Seller and with respect to its representations and warranties expressly set forth hereunder.

  • NO LIABILITY UPON TERMINATION If this Contract is terminated for any reason, RRC and the State of Texas shall not be liable to Vendor for any damages, claims, losses, or any other amounts arising from or related to any such termination absent an award of damages pursuant to Texas Government Code Chapter 2260.