Common use of Right to Relet Clause in Contracts

Right to Relet. If Landlord re-enters the Premises as above provided, or if it takes possession pursuant to legal proceedings or otherwise, it may either terminate this Lease or it may, from time to time, without terminating this Lease, make such alterations and repairs as it deems advisable to relet the Premises, and relet the Premises or any part thereof for such term or terms (which may extend beyond the Lease Term) and at such rentals and upon such other terms and conditions as Landlord in its sole discretion deems advisable; upon each such reletting all rentals received by Landlord therefrom shall be applied, first, to any indebtedness other than rent due hereunder from Tenant to Landlord; second, to pay any costs and expenses of reletting, including without limitation, brokers and attorneys' fees and costs of advertising, alterations and repairs; third, to rent due hereunder, and the residue, if any, shall be held by Landlord and applied in payment of future rent as it becomes due hereunder. If rentals received from such reletting during any month are less than that to be paid during that month by Tenant hereunder, Tenant shall immediately pay any such deficiency to Landlord. No re-entry or taking possession of the Premises by

Appears in 1 contract

Samples: Lease (Hotel Discovery Inc)

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Right to Relet. (a) If the Landlord elects to re-enters enter the Premises as above providedPremises, or if it takes possession pursuant to legal proceedings or otherwisepursuant to any notice provided for by law, it may either terminate this Lease or it may, from time to time, may without terminating this Lease, Lease make such any alterations and repairs as it deems advisable are necessary in order to relet the Premises, and relet the Premises or any part thereof for such term or terms . Upon each reletting (which reletting the Landlord may extend beyond the Lease Term) and do at such rentals rental and upon such other terms and conditions as the Landlord in its sole discretion deems may deem advisable; upon each such reletting ) all rentals rent received by the Landlord therefrom shall will be applied, first, first to the payment of any indebtedness other than rent Basic Rent or Additional Rent due hereunder from Tenant to Landlordhereunder; second, to pay the payment of any costs and expenses of reletting, reletting including without limitation, brokers and attorneys' reasonable brokerage fees and reasonable solicitor's fees and the costs of advertising, alterations and repairs; third, to rent the payment of Basic Rent and Additional Rent due and unpaid hereunder, ; and the residue, if any, shall will be held by the Landlord and applied in payment of future rent Rent as it becomes due payable hereunder. If rentals received from such reletting during any month are less than that to be paid during that month by Tenant hereunder, Tenant shall immediately pay any such deficiency to Landlord. No re-entry or taking possession of the Premises bywill be construed as an election on its part to terminate this Lease unless a written notice of that intention is given to the Tenant. Notwithstanding any such reletting without termination, the Landlord may at any time thereafter elect to terminate this Lease for such previous breach.

Appears in 1 contract

Samples: Office Lease (Delano Technology Corp)

Right to Relet. (a) If the Landlord elects to re-enters enter the Premises as above providedLeased Premises, or if it takes possession pursuant to legal proceedings or otherwisepursuant to any notice provided for by law, it may either terminate this Lease or it may, from time to time, may without terminating this Lease, Lease make such any alterations and repairs as it deems advisable are necessary in order to relet the Leased Premises, and relet the Premises or any part thereof for such term or terms . Upon each reletting (which reletting the Landlord may extend beyond the Lease Term) and do at such rentals rental and upon such other terms and conditions as the Landlord in its sole discretion deems may deem advisable; upon each such reletting ) all rentals rent received by the Landlord therefrom shall will be applied, first, first to the payment of any indebtedness other than rent Basic Rent or Additional Rent due hereunder from Tenant to Landlordhereunder; second, to pay the payment of any costs and expenses of reletting, or reletting including without limitation, brokers and attorneys' brokerage fees and solicitor's fees and the costs of advertising, alterations and repairs; third, to rent the payment of Basic Rent and Additional Rent due and unpaid hereunder, ; and the residue, if any, shall will be held by the Landlord and applied in payment of future rent Rent as it becomes due payable hereunder. If rentals received from such reletting during any month are less than that to be paid during that month by Tenant hereunder, Tenant shall immediately pay any such deficiency to Landlord. No re-entry or taking possession of the Leased Premises bywill be construed as an election on its part to terminate this Lease unless a written notice of that intention is given to the Tenant. Notwithstanding any such reletting without termination, the Landlord may at any time thereafter elect to terminate this Lease for such previous breach.

Appears in 1 contract

Samples: Infowave Software Inc

Right to Relet. If Landlord Lessor re-enters the Premises as above provided, or if it takes possession pursuant to legal proceedings or otherwise, it may either terminate this Lease or it may, . from time to time, without terminating this Lease, make such alterations and repairs as it deems advisable to relet the Premises, and relet the Premises or any part thereof for such term or terms (which may extend beyond the Lease Term) and at such rentals and upon such other terms and conditions as Landlord Lessor in its sole discretion deems advisable; : upon each such reletting reletting, all rentals received by Landlord Lessor therefrom shall be applied, first, to any indebtedness other than rent due hereunder from Tenant to LandlordLessor; second, to pay any costs and expenses of reletting, including without limitation, brokers brokers’ and attorneys' fees and costs of advertising, alterations and repairs; third, to rent due hereunder, . and the residue, if any, shall be held by Landlord Lessor and applied in payment of future rent as it becomes due hereunder. If rentals received from such reletting during any month are less than that to be paid during that month by Tenant hereunder, . Tenant shall immediately pay any such deficiency to LandlordLessor. No re-entry or taking possession of the Premises byby Lessor shall be construed as an election to terminate this Lease unless a written notice of such termination is given by Lessor.

Appears in 1 contract

Samples: Lease Agreement (FedFirst Financial CORP)

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Right to Relet. (a) If the Landlord elects to re-enters enter the Premises as above providedLeased Premises, or if it takes possession pursuant to legal proceedings or otherwisepursuant to any notice provided for by law, it may either terminate this Lease or it may, from time to time, may without terminating this Lease, Lease make such any alterations and repairs as it deems advisable are necessary in order to relet the Leased Premises, and relet the Premises or any part thereof for such term or terms (which may extend beyond the Lease Term) and at such rentals and upon such other terms and conditions as Landlord in its sole discretion deems advisable; upon . Upon each such reletting all rentals rent received by the Landlord therefrom shall will be applied, first, first to the payment of any indebtedness other than rent Basic Rent or Additional Rent due hereunder from the Tenant to the Landlord; second, to pay the payment of any costs and expenses of reletting, reletting including without limitation, brokers and attorneys' brokerage fees and solicitor's fees and the costs of advertising, alterations and repairs; third, to rent the payment of Basic Rent and Additional Rent due and unpaid hereunder, ; and the residue, if any, shall will be held by the Landlord and applied in payment of future rent Rent as it becomes due payable hereunder. If rentals the rent received from such a reletting during any month are is less than that to be paid during that month payable by the Tenant hereunderunder the terms of this Lease, then the Tenant shall immediately will pay any such the deficiency to Landlordin advance on the first day of each month. No re-entry or taking possession of the Premises byLeased premises will be construed as an election on its part to terminate this Lease unless a written notice of that intention is given to the Tenant. Notwithstanding any reletting without termination, the Landlord may at any time thereafter terminate this Lease for the previous breach.

Appears in 1 contract

Samples: General Security Agreement (Geac Computer Corp LTD)

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