Common use of DEFAULT OF SUBLESSEE Clause in Contracts

DEFAULT OF SUBLESSEE. A. If any rents reserved, or any part of them, shall be and remain unpaid when they shall become due, or if Sublessee violates or defaults in any of the provisions of this sublease agreement, then Lessee may cancel this sublease agreement by giving the required notice, and reenter the demised premises. B. In spite of any reentry, the liability of Sublessee for the rent shall not be extinguished for the balance of the term of this sublease agreement, and Sublessee shall make good to Lessee any deficiency arising from a reentry and reletting of the demised premises at a reduced rental. C. Sublessee shall pay any deficiency on the first day of each month immediately following the month in which the amount of deficiency is ascertained by Lessee.

DEFAULT OF SUBLESSEE. A. 20.1 If any rents reserved, or any part of them, shall be and remain unpaid when they shall become due, or if Sublessee sublessee violates or defaults in any of the provisions of this sublease agreement, then Lessee lessee may cancel this sublease agreement by giving the required notice, and reenter the demised premises. B. 20.2 In spite of any reentry, the liability of Sublessee sublessee for the rent shall not be extinguished for the balance of the term of this sublease agreement, and Sublessee sublessee shall make good to Lessee lessee any deficiency arising from a reentry and reletting of the demised premises at a reduced rental. C. 20.3 Sublessee shall pay any deficiency on the first day of each month immediately following the month in which the amount of deficiency is ascertained by Lesseelessee.