Damages for Default Clause Samples
The "Damages for Default" clause defines the compensation owed by a party that fails to fulfill its contractual obligations. Typically, this clause outlines the types of losses or costs that the non-breaching party can recover, such as direct damages, consequential damages, or liquidated damages, depending on the nature of the default. By specifying the remedies available in the event of a breach, this clause provides clarity and predictability, helping both parties understand the financial consequences of non-performance and thereby encouraging compliance with the contract.
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Damages for Default. Following re-entry, Landlord shall have the right to recover from Tenant the following damages: a) All unpaid rent or other charges for the period prior to re- entry, plus interest as provided in paragraph 14.6; b) An amount equal to the rental lost during any period in which the Premises are not releted if Landlord continuously use reasonable efforts to relet the Premises during such period. If Landlord lists the Premises with a real estate broker experienced in leasing commercial properties in the area of the Premises, this shall constitute the taking of reasonable efforts to relet the Premises; c) All costs incurred in reletting or attempting to relet the Premises, including without limitation, the cost of cleanup and repair in preparation for a new tenant, the cost of correcting any default or restoring any unauthorized alterations and the amount of any real estate commissions or advertising expenses; d) The difference between the rent reserved under this lease and the amount actually received by Landlord upon any reletting; e) Landlord shall have the right to collect from Tenant any reasonable attorney's fees incurred in connection with any default under the lease, whether such default occurs prior to, or after, Landlord's necessity to re-enter the premises, and for collection activity undertaken by Landlord, whether or not any litigation is commenced.
Damages for Default. Whether or not Landlord retakes possession or relets the Property, Landlord may recover all damages caused by the default. Landlord may s▇▇ periodically to recover damages as they accrue during the remainder of the lease term without barring a later action for further damages. Landlord may at any time bring an action for accrued damages plus damages for the remaining lease term equal to the difference between the rent specified in this Lease and the reasonable rental value of the Property for the remainder of the term, discounted to the time of judgment at the rate of 9 percent per annum.
Damages for Default. Whether or not Landlord retakes possession or relets the Leased Premises, Landlord may recover all damages caused by the default, including, but not limited to, unpaid rent, attorneys’ fees relating to the default, and costs of reletting. Landlord may sue periodically to recover damages as they accrue during the remainder of the Term without barring a later action for further damages. Landlord may at any time bring an action for accrued damages plus damages for the remaining lease term equal to the difference between the rent specified in this Lease and the reasonable rental value of the Leased Premises for the remainder of the term, discounted to the time of judgment at the rate of 1% per annum over the discount rate of the Federal Reserve Bank of New York as of the date of such judgment.
Damages for Default. Whether or not Sublessor retakes possession or relets the Demised Premises, Sublessor may recover all damages caused by the default (including but not limited to unpaid rent, attorneys’ fees, and the costs and expenses of reletting). Sublessor may s▇▇ periodically to recover damages as they accrue during the remainder of the lease term without barring a later action for further damages. Sublessor may at any time bring an action for accrued damages plus damages for the remaining lease term equal to the difference between the rent specified in this Lease and the reasonable rental value of the Demised Premises for the remainder of the term, discounted to the time of judgment at the rate of nine (9%) percent per annum.
Damages for Default. If Subcontractor should default in performance of the Work or otherwise commit any act which causes delay to the work under this Subcontract, Subcontractor shall be liable for all losses, costs, expenses, liabilities and damages, including liquidated damages and reasonable attorney fees sustained by CH2M HILL or for which CH2M HILL may be liable.
Damages for Default. Lessee agrees to pay as rent in addition to the minimum rental herein reserved any and all sums which may become due by reason of the failure of Lessee to comply with all the covenants of this lease and pay any and all damages, costs and expenses which the Lessor may suffer or incur by reason of any default of the Lessee or failure on his part to comply with the covenants of this lease, and each of them, and also any and all damages of the demised premises caused by any act or neglect of the Lessee.
Damages for Default. Whether or not Landlord retakes possession or relets the Leased Premises, Landlord may recover all damages caused by the default (including but
Damages for Default. Whether or not Landlord retakes possession or relets the Property, Landlord may recover all damages caused by the default (including, but not limited to, attorneys' fees relating to the default, and costs of reletting). In addition to all charges required by this Lease and the reasonable cost of necessary physical changes to relet the Property, Landlord shall be entitled to recover from Tenant all damages and expenses reasonably incurred by Landlord by reason of Tenant's default, including, but not limited to, the reasonable cost of recovering possession of the Property, reasonable expenses of re- leasing, including necessary alteration or repair of the Property required in connection with the re-leasing of the Property, and reasonable attorneys' fees. Tenant shall immediately pay such sums to Landlord upon demand, together with interest at the lesser of either nine percent (9%) per annum or the maximum rate of interest permitted by law.
Damages for Default. ▇▇▇▇▇▇ agrees to pay to Lessor any and all sums, damages, costs and expenses (including, but not limited to, attorney fees) which may become due or Lessor may suffer or incur by reason of the failure of the Lessee to promptly and adequately comply with any or all of the terms, covenants and conditions of this Lease, any default of the Lessee, and/or caused by any act or neglect of the Lessee. All charges shall be due within ten (10) days of Lessor sending an invoice for same to Lessee.
Damages for Default. Whether or not Lessor retakes possession or relets the Lessee Use Area, Lessor may recover all damages caused by the default (including but not limited to attorneys' fees reasonably incurred, and costs of reletting).