Common use of Right to Re-let Clause in Contracts

Right to Re-let. At any time or from time to time after the repossession of the Premises or any part thereof pursuant to Section 15.03, whether or not this Lease shall have been terminated pursuant to Section 15.02, Landlord may (but shall be under no obligation) re-let the Premises or any other part thereof for the account of Tenant, in the name of Tenant or Landlord or otherwise, without notice to Tenant, for such term or terms (which may be greater or less than the period which would otherwise have constituted the balance of the Term) and on such conditions (which may include concession or free rent) and for such uses as Landlord, in its absolute discretion, may determine, and Landlord may collect and receive any rents payable by reason of such re-letting. Landlord shall not be responsible or liable for any failure to collect any rent due upon such re-letting.

Appears in 2 contracts

Sources: Lease Amendment, Lease Amendment (Authentidate Holding Corp)