Common use of Current Damages Clause in Contracts

Current Damages. In the event of any such termination, repossession, reletting or removal, Lessee will pay to Lessor all unpaid Basic Rent due and payable prior to and all Additional Rent due and payable up to the time of such termination, repossession or reletting, and thereafter Lessee, until the end of what would have been the Term in the absence of such termination or repossession or any reletting and whether or not the Leased Property or any part thereof shall have been relet, shall be liable to Lessor for, and shall pay to Lessor as Additional Rent hereunder, as agreed current damages for the loss of Lessor's bargain (and not as a penalty) (a) all Rent and other sums that would be payable under this Lease by Lessee in the absence of such termination, repossession or any reletting less (b) the net proceeds of any reletting of the Property after deducting all reasonable expenses of Lessor in connection with such termination and repossession and any reletting effected for the account of Lessee (including, without limitation, all reasonable repossession costs, brokerage commissions, legal expenses, alteration costs, remediation costs and expenses of preparing for such reletting). Lessee will pay such current damages within THIRTY (30) days after receipt of demand. If Lessee fails to pay such current damages as aforesaid, Lessee shall pay interest on such unpaid amount at the Late Rate from the date of demand until Lessor is paid in full with such interest.