Common use of Minimum Term Clause in Contracts

Minimum Term. Tenant agrees the minimum term of the Agreement shall be for a period of months, commencing on , and terminating on . The length of the term is months and days. Should Tenant fail to occupy the Premises for the minimum term for any reason, such shall be breach of the Agreement, and Tenant shall be liable to Landlord damages resulting from such breach, such as loss of rent until the unit is re-rented or the completion of the minimum term, whichever is less, advertising costs; reimbursement of any move-in credits given to replacement Tenant, utility costs while vacant; yard maintenance costs while vacant, transportation costs to show Premises until re-rented, and other costs and fees as described within this Agreement.

Minimum Term. Tenant agrees that the minimum term of the Agreement shall be for a period of months, commencing on , and terminating on . The length of the term is months and days. Should Tenant fail to occupy the Premises for the minimum term for any reason, such shall be breach of the Agreement, and Tenant shall be liable to Landlord damages resulting from such breach, such as loss of rent until the unit is re-rented or the completion of the minimum term, whichever is less, advertising costs; reimbursement of any move-in credits given to replacement Tenant, utility costs while vacant; yard maintenance costs while vacant, transportation costs to show Premises until re-rented, and other costs and fees as described within this Agreement.