Common use of Even Clause in Contracts

Even. though Tenant has defaulted this Lease and abandoned the Premises, this Lease shall continue in effect as long as Landlord does not terminate Tenant's right to possession, and Landlord may enforce all of its rights and remedies under this Lease, including the right to recover the Rents as they become due under this Lease, subject to Landlord reasonably mitigating any damages. Acts of maintenance or preservation or efforts to relet the Premises or the appointment of a receiver upon initiative of Landlord to protect Landlord's interest under this Lease shall not constitute a termination of Tenant's right to possession. If any fixture, equipment, improvement, installation or appurtenance shall be required to be removed from the Premises and/or Building by Tenant, then Landlord (in addition to all other rights and remedies) may, at its election by written notice to Tenant, deem that the same has been abandoned by Tenant to Landlord, or Landlord may remove and store the same and restore the Premises to its original condition at the expense of Tenant, as Additional Rent to be paid within ten (10) days after written notice to Tenant of such expense.

Appears in 2 contracts

Sources: Commercial Lease (Advanta Corp), Lease (Advanta Corp)

Even. though Tenant has defaulted breached this Lease and abandoned the PremisesLease, this Lease shall continue in effect as for so long as Landlord does not terminate Tenant's ’s right to possession, and Landlord may shall have the right to enforce all of its rights and remedies under this Lease, including the right to recover the Rents all Rent as they become it becomes due under this Lease, subject to Landlord reasonably mitigating any damages. Acts of maintenance or preservation or efforts to relet the Premises or the appointment of a receiver upon initiative of Landlord to protect Landlord's ’s interest under this Lease shall not constitute a termination of Tenant's ’s right to possessionpossession unless notice of termination is given by Landlord to Tenant. If Landlord elects to relet the Premises, any fixturenet income (after reasonable costs of preparing the Premises for reletting including marketing costs, equipmentthe cost of alterations and improvements paid by Landlord, improvementbrokerage commissions, installation or appurtenance attorneys’ fees and other costs incurred in connection with reletting, all of which shall be required prorated to apply only to the remainder of the then current Term) shall be removed deducted from the Premises and/or Building by Tenant, then Landlord (in addition amount Tenant is obligated to all other rights and remedies) may, at its election by written notice to Tenant, deem that the same has been abandoned by Tenant to Landlord, or Landlord may remove and store the same and restore the Premises to its original condition at the expense of Tenant, as Additional Rent to be paid within ten (10) days after written notice to Tenant of such expensepay under this Section.

Appears in 1 contract

Sources: Lease Agreement (Chemical Financial Corp)