DAMAGES DUE Clause Samples
The "Damages Due" clause defines the circumstances under which one party is required to pay monetary compensation to the other for losses or harm resulting from a breach of contract or other specified events. Typically, this clause outlines the types of damages recoverable, such as direct, indirect, or consequential damages, and may set limits or exclusions on the amount payable. Its core practical function is to clarify the financial consequences of non-performance or wrongdoing, ensuring both parties understand their potential liabilities and helping to allocate risk fairly between them.
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DAMAGES DUE. In case of any such termination, the rent reserved hereunder shall thereupon become due and be paid up to the time of such termination together with any expenses LESSOR may incur for attorney's fees, brokerage commissions, or expenses with respect to putting the Premises in good order and for preparing the same for reletting. In addition, if such termination occurs during the initial term of this Lease, there shall become due from the LESSEE to the LESSOR an amount which shall be equal to the unamortized portion of the total cost to the LESSOR of furnishing and providing the Building Standard Work in and to the Premises, measured from the date of such termination to the date originally fixed in this Lease as the Termination Date, as if such cost was fully amortized over the initial term of this Lease.
DAMAGES DUE. In case of any such termination, the rent reserved hereunder shall thereupon become due and be paid up to the time of such termination together with any expenses LESSOR may incur for attorney's fees, brokerage commissions, or expenses with respect to putting the Premises in good order and for preparing the same for reletting. In the event of any action or proceedings taken to enforce this Lease or any one or more of the provisions hereto, the LESSEE shall pay to LESSOR any expenses incurred by LESSOR with respect to the same, including attorney's fees. In addition, if such termination occurs during the initial term of this Lease, there shall become due from the LESSEE to the LESSOR an amount which shall be equal to the unamortized portion of the total cost to the LESSOR of furnishing and providing the Building Standard Work in and to the Premises, measured from the date of such termination to the date originally fixed in this Lease as the Termination Date, as if such cost was fully amortized over the initial term of this Lease.