Common use of REMEDIES IN DEFAULT Clause in Contracts

REMEDIES IN DEFAULT. In the event of any default or breach, Landlord may, at any time without waiving or limiting any other right or remedy, reenter and take possession of the premises or terminate the Lease, or pursue any remedy allowed by law or equity. Tenant agrees to pay Landlord the cost of recovering possession of the Premises, the expenses of reletting, and any other costs of damages arising out of Tenant's default, including, without limitation, the costs of removing persons and property from the Premises, the costs of preparing or altering the Premises for reletting broker's commissions and legal fees. Notwithstanding any reentry or termination, the liability of tenant for the rent provided for herein shall not be extinguished for the balance of the term of this Lease, and Tenant covenants and agrees to make good to the Landlord any deficiency arising from reletting the Premises at a lesser rent than herein agreed to. Tenant shall pay such deficiency each month as the amount thereof is ascertained by the Landlord.

Appears in 1 contract

Sources: Commercial Lease (Nutraceutix Inc)

REMEDIES IN DEFAULT. In the event of any default or breach, Landlord may, at any time without waiving or limiting any other right or remedy, reenter and take possession of the premises or terminate the Lease, or pursue any remedy allowed by law or equity. Tenant agrees to pay Landlord the cost of recovering possession of the Premises, the expenses of relettingre-letting, and any other costs of damages arising out of Tenant's default, including, without limitation, the costs of removing persons and property from the Premises, the costs of preparing or altering the Premises for reletting re-letting broker's commissions and legal fees. Notwithstanding any reentry or termination, the liability of tenant Tenant for the rent provided for herein shall not be extinguished for the balance of the term of this Lease, and Tenant covenants and agrees to make good to the Landlord any deficiency arising from reletting re-letting the Premises at a lesser rent than herein agreed to. Tenant shall pay such deficiency each month as the amount thereof is ascertained by the Landlord.

Appears in 1 contract

Sources: Termination to Commercial Lease (Scolr Inc)

REMEDIES IN DEFAULT. In the event of any default or breach, Landlord may, at any time without waiving or limiting any other right or remedy, reenter and take possession of the premises or terminate the terminated this Lease, or pursue any remedy allowed by law or equity. Tenant agrees to pay Landlord the cost of recovering possession of the Premises, the expenses of or reletting, and any other costs of or damages arising out of Tenant's default, ’s default including, without limitation, the costs of removing persons and property from the Premises, the costs of preparing or altering the Premises for reletting reletting, broker's ’s commissions and legal fees. Notwithstanding fees not withstanding any reentry or termination, the liability of tenant Tenant for the rent provided for herein therein shall not be extinguished for the balance of the term of this Lease, and Tenant covenants and agrees to make good to the Landlord any deficiency arising from form reletting the Premises at a lesser rent than herein agreed to. Tenant shall pay such deficiency each month as the amount thereof is as ascertained by the Landlord. 20.

Appears in 1 contract

Sources: Quadrant Business Park Standard Form Multi Tenant Lease (Lmi Aerospace Inc)