LANDLORD'S RIGHTS UPON EVENT OF DEFAULT. Upon the occurrence of any Event of Default, the Landlord may: (A) Re-enter and repossess the Leased Premises and any and all improvements thereon and additions thereto without necessity of judicial proceedings: (B) Declare the entire balance of the Rent and Additional Rent, if any, for the remainder of the Term to be due and payable, and collect such balance in any manner not inconsistent with applicable law; (C) Relet any or all of the Leased Premises for the Tenant's account for any or all of the remainder of the Term as hereinabove defined, or for a period exceeding such remainder, in which event the Tenant shall pay to the Landlord any deficiency in the Base Rent and Additional Rent resulting, with respect to such remainder, from such releting, as well as the cost to the Landlord of any attorney's fees which fees the Tenant is hereby deemed to agree are reasonable or of any repairs or other action (including those taken in exercising the Landlord's rights under any provisions of this Lease) taken by the Landlord on account of such Event of Default. The parties agree that the sum of 33-1/3% of the unpaid rental shall be deemed to be reasonable attorney's fees pursuant to the provisions of this Lease; (D) Pursue any combination of such remedies and/or any other remedy available to the Landlord on account of such Event of Default under applicable law.
Appears in 4 contracts
Sources: Lease Agreement (Genesis Financial Group Inc \Va\), Lease Agreement (Genesis Financial Group Inc \Va\), Lease Agreement (Access Integrated Technologies Inc)
LANDLORD'S RIGHTS UPON EVENT OF DEFAULT. Upon the occurrence of any Event of Default, the Landlord may:
(A) Re-enter and repossess the Leased Premises and any and all improvements thereon and additions thereto without necessity of judicial proceedings:
(B) Declare the entire balance of the Rent and Additional Rent, if any, for the remainder of the Term to be due and payable, and collect such balance in any manner not inconsistent with applicable law;
(C) Relet any or all of the Leased Premises for the Tenant's account for any or all of the remainder of the Term as hereinabove defined, or for a period exceeding such remainder, in which event the Tenant shall pay to the Landlord any deficiency in the Base Rent and Additional Rent resulting, with respect to such remainder, from such reletingreletting, as well as the cost to the Landlord of any attorney's fees which fees the Tenant is hereby deemed to agree are reasonable or of any repairs or other action (including those taken in exercising the Landlord's rights under any provisions of this Lease) taken by the Landlord on account of such Event of Default. The parties agree that the sum of 33-1/3% of the unpaid rental shall be deemed to be reasonable attorney's fees pursuant to the provisions of this Lease;
(D) Pursue any combination of such remedies and/or any other remedy available to the Landlord on account of such Event of Default under applicable law.
Appears in 3 contracts
Sources: Lease Agreement (Genesis Financial Group Inc \Va\), Lease Agreement (Genesis Financial Group Inc \Va\), Lease Agreement (Genesis Financial Group Inc \Va\)
LANDLORD'S RIGHTS UPON EVENT OF DEFAULT. Upon the occurrence of any Event of Default, the Landlord may:
(A) Re-enter and repossess the Leased Premises and any and all improvements thereon and additions thereto without necessity of judicial proceedings:
(B) Declare the entire balance of the Rent and Additional Rent, if any, for the remainder of the Term to be due and payable, and collect such balance in any manner not inconsistent with applicable law;
(C) Relet any or all of the Leased Premises for the Tenant's account for any or all of the remainder of the Term as hereinabove defined, or for a period exceeding such remainder, in which event the Tenant shall pay to the Landlord any deficiency in the Base Rent base rent and Additional Rent resulting, with respect to such remainder, from such releting, as well as the cost to the Landlord of any attorney's fees which fees the Tenant is hereby deemed to agree are reasonable or of any repairs or other action (including those taken in exercising the Landlord's rights under any provisions of this Lease) taken by the Landlord on account of such Event of Default. The parties agree that the sum of 33-1/3% of the unpaid rental shall be deemed to be reasonable attorney's fees pursuant to the provisions of this Lease;
(DC) Pursue any combination of such remedies and/or any other remedy available to the Landlord on account of such Event of Default under applicable law.
Appears in 1 contract
LANDLORD'S RIGHTS UPON EVENT OF DEFAULT. Upon the occurrence of any Event of Default, the Landlord may:
(A) Re-enter and repossess the Leased Premises and any and all improvements thereon and additions thereto without necessity of judicial proceedings:;
(B) Declare the entire balance of the Base Rent and Additional Rent, if any, for the remainder of the Term to be due and payable, and collect such balance in any manner not inconsistent with applicable law;
(C) Relet any or all of the Leased Premises for the Tenant's account for any or all of the remainder of the Term as hereinabove defined, or for a period exceeding such remainder, in which event the Tenant shall pay to the Landlord any deficiency in the Base Rent and Additional Rent resulting, with respect to such remainder, from such releting, as well as the cost to the Landlord of any attorney's fees which fees the Tenant tenant is hereby deemed to agree are reasonable or of any repairs or other action (including those taken in exercising the Landlord's rights under any provisions of this Lease) taken by the Landlord on account of such Event of Default. The parties agree that the sum of 33-1/3% of the unpaid rental shall be deemed to be reasonable attorney's fees pursuant to the provisions of this Lease;; or
(D) Pursue any combination of such remedies and/or any other remedy available to the Landlord on account of such Event of Default under applicable law.
Appears in 1 contract
Sources: Lease Agreement (Innotech Inc)