Common use of University Remedies Clause in Contracts

University Remedies. If IDC commits a default under this Sublease, University may do any one or more of the following, in addition to pursuing its remedies under law or the Master Lease: (i) Cure the default and charge the costs to IDC, in which case IDC shall pay such costs as additional rent promptly on demand. (ii) Terminate this Sublease. (iii) Enter and take possession of the Sublease Premises and remove IDC and all other persons and any property from the Sublease Premises, with process of law. (iv) Hold IDC liable for and collect rent and other indebtedness owed by IDC to University or rent that would have accrued during the remainder of the term had there been no default, less any sums University receives by reletting the Sublease Premises. (v) Hold IDC liable for that part of the following sums paid by University that are attributable to the remainder of the term: (a) Customary broker’s fees incurred by University in reletting part or all of the Sublease Premises; (b) The cost of removing and storing IDC’s property; (c) The cost of repairs and alterations reasonably necessary to put the Sublease Premises in a condition reasonably acceptable to a new subtenant; and (d) Other necessary and reasonable expenses incurred by University in enforcing its remedies.