Common use of OBLIGATIONS THEREAFTER Clause in Contracts

OBLIGATIONS THEREAFTER. In case of any such termination, the Tenant shall, notwithstanding any such termination of this Lease as aforesaid or any entry or re-entry by Landlord, whether by summary process or termination, pay and be liable for, on the days originally fixed herein for the payment thereof, amounts equal to the several installments of rent and other charges reserved as they would, under the terms of this Lease, become due if this Lease had not been terminated or if the Landlord had not entered or re-entered, as aforesaid, less the proceeds from any reletting of the Demised Premises. In addition, Tenant shall be liable for any direct damages suffered or incurred by Landlord as a result of such termination and the cost to relet the Demised Premises, which costs shall be limited to repairing and restoring the Demised Premises to a leasable white box condition, prevailing brokerage fees and reasonable attorney’s fees. Tenant hereby waives to the extent permitted by applicable law or elsewhere set forth herein to any obligation the Landlord may have to mitigate Landlord’s damages; provided, however, Landlord shall, after such termination of this Lease or re-entry as a result of an event of default, use commercially reasonable efforts to relet the Demised Premises. It is understood and agreed that at the time of the termination or at any time thereafter Landlord may rent the Demised Premises, and for a term which may expire before or after the expiration of the Term, without releasing Tenant from any liability whatsoever, that Tenant shall be liable for any out-of-pocket expenses incurred by Landlord in connection with obtaining possession of the Demised Premises, with removing from {W12939071.11} 29 the Demised Premises property of Tenant and persons claiming under it (including warehouse charges), with putting the Demised Premises into good condition for reletting, and with any reletting, including, but without limitation, reasonable attorneys’ fees and brokers fees, and that any monies collected from any reletting shall be applied first to the foregoing expenses and then to the payment of Fixed Rent, additional rent and all other payments due from Tenant to Landlord.

Appears in 1 contract

Samples: Lease (Solid Biosciences Inc.)

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OBLIGATIONS THEREAFTER. In case of any such termination, the Tenant shall, notwithstanding will indemnify Landlord each month against all loss of Fixed Rent and additional rent and against all obligations which Landlord may incur by reason of any such termination between the time of this Lease as aforesaid termination and the expiration of the Term; or any entry or re-entry by at the election of Landlord, whether exercised at the time of termination or at any time thereafter, Tenant will indemnify Landlord each month until the exercise of the election against all loss of Fixed Rent and additional rent and against all obligations which Landlord may incur by summary process or terminationreason of such termination during the period between the time of the termination and the exercise of the election, and upon the exercise of the election Tenant will pay and be liable for, on to Landlord as damages the days originally fixed herein present value at prime rate of such amount as at the time of the exercise of the election represents the amount by which the rental value of the demised premises for the payment thereof, amounts equal to period from the several installments exercise of the election until the expiration of the Term shall be less than the amount of rent and other charges reserved as they would, under the terms of this Lease, become due if this Lease had not been terminated or if the Landlord had not entered or re-entered, as aforesaid, less the proceeds from any reletting of the Demised Premises. In addition, Tenant shall be liable for any direct damages suffered or incurred by Landlord as a result of such termination and the cost to relet the Demised Premises, which costs shall be limited to repairing and restoring the Demised Premises to a leasable white box condition, prevailing brokerage fees and reasonable attorney’s fees. Tenant hereby waives to the extent permitted by applicable law or elsewhere set forth payments provided herein to any obligation the be paid by Tenant to Landlord may have to mitigate Landlord’s damages; provided, however, Landlord shall, after such termination of this Lease or re-entry as a result of an event of default, use commercially reasonable efforts to relet the Demised Premisesduring said period. It is understood and agreed that at the time of the termination or at any time thereafter Landlord may rent the Demised Premisesdemised premises, and for a term which may expire before or after the expiration of the Term, without releasing Tenant from any liability whatsoever, that Tenant shall be liable for any out-of-pocket reasonable expenses incurred by Landlord in connection with obtaining possession of the Demised Premisesdemised premises, with removing from {W12939071.11} 29 the Demised Premises demised premises property of Tenant and persons claiming under it (including warehouse charges), with putting the Demised Premises demised premises into good condition for reletting, and with any reletting, including, but without limitation, reasonable attorneys' fees and brokers fees, and that any monies collected from any reletting shall be applied first to the foregoing expenses and then to the payment of Fixed Rent, additional rent and all other payments due from Tenant to Landlord.

Appears in 1 contract

Samples: Lease (Harvardnet Inc)

OBLIGATIONS THEREAFTER. In case of any such termination, the Tenant shall, notwithstanding will indemnify Landlord each month against all loss of Fixed Rent and additional rent and against all obligations which Landlord may incur by reason of any such termination between the time of this Lease as aforesaid termination and the expiration of the Term; or any entry or re-entry by at the election of Landlord, whether exercised at the time of termination or at any time thereafter, Tenant will indemnify Landlord each month until the exercise of the election against all loss of Fixed Rent and additional rent and against all obligations which Landlord may incur by summary process or terminationreason of such termination during the period between the time of the termination and the exercise of the election, and upon the exercise of the election Tenant will pay and be liable for, on to Landlord as damages such amount as at the days originally fixed herein time of the exercise of the election represents the amount by which the rental value of the demised premises for the payment thereof, amounts equal to period from the several installments exercise of the election until the expiration of the Term shall be less than the amount of rent and other charges reserved as they would, under the terms of this Lease, become due if this Lease had not been terminated or if the Landlord had not entered or re-entered, as aforesaid, less the proceeds from any reletting of the Demised Premises. In addition, Tenant shall be liable for any direct damages suffered or incurred by Landlord as a result of such termination and the cost to relet the Demised Premises, which costs shall be limited to repairing and restoring the Demised Premises to a leasable white box condition, prevailing brokerage fees and reasonable attorney’s fees. Tenant hereby waives to the extent permitted by applicable law or elsewhere set forth payments provided herein to any obligation the be paid by Tenant to Landlord may have to mitigate Landlord’s damages; provided, however, Landlord shall, after such termination of this Lease or re-entry as a result of an event of default, use commercially reasonable efforts to relet the Demised Premisesduring said period. It is understood and agreed that at the time of the termination or at any time thereafter Landlord may rent the Demised Premisesdemised premises, and for a term which may expire before or after the expiration of the Term, without releasing Tenant from any liability whatsoever, that Tenant shall be liable for any out-of-pocket expenses incurred by Landlord in connection with obtaining possession of the Demised Premisesdemised premises, with removing from {W12939071.11} 29 the Demised Premises demised premises property of Tenant and persons claiming under it (including warehouse charges), with putting the Demised Premises demised premises into good condition for reletting, and with any reletting, including, but without limitation, reasonable attorneys' fees and brokers fees, and that any monies collected from any reletting shall be applied first to the foregoing expenses and then to the payment of Fixed Rent, additional rent and all other payments due from Tenant to Landlord. Landlord agrees that it shall use reasonable efforts to mitigate its damages. For purposes of the foregoing, "reasonable efforts" shall mean only the listing of the demised premises for lease with at least one (1) broker in the area in which the demised premises are located.

Appears in 1 contract

Samples: Lease (Sycamore Networks Inc)

OBLIGATIONS THEREAFTER. In case of any such terminationtermination pursuant to this Article VII, the and subject to Landlord’s obligation to use reasonable efforts to mitigate its damages in any such event, Tenant shallwill indemnify Landlord each month against all loss of Fixed Rent, notwithstanding additional rent and any other damages or costs which Landlord may reasonably incur or suffer by reason of any such termination between the time of this Lease as aforesaid termination and the expiration of the Term; or any entry or re-entry by at the election of Landlord, whether exercised at the time of termination or at any time thereafter, Tenant will pay to Landlord the amount (discounted to present value at the rate of five percent (5%) per annum) by summary process or terminationwhich, pay at the time of such election, (x) the aggregate of Fixed Rent projected over the period commencing with such election and be liable for, ending on the days originally fixed herein for expiration of the payment thereofTerm, amounts equal to exceeds (y) the several installments of rent and other charges reserved as they would, under the terms of this Lease, become due if this Lease had not been terminated or if the Landlord had not entered or re-entered, as aforesaid, less the proceeds from any reletting aggregate projected rental value of the Demised Premises. In addition, Tenant shall be liable Premises for any direct damages suffered or incurred by Landlord as a result of such termination and the cost to relet the Demised Premises, which costs shall be limited to repairing and restoring the Demised Premises to a leasable white box condition, prevailing brokerage fees and reasonable attorney’s fees. Tenant hereby waives to the extent permitted by applicable law or elsewhere set forth herein to any obligation the Landlord may have to mitigate Landlord’s damages; provided, however, Landlord shall, after such termination of this Lease or re-entry as a result of an event of default, use commercially reasonable efforts to relet the Demised Premisesperiod. It is understood and agreed that at the time of the termination or at any time thereafter Landlord may rent the Demised Premises, and for a term which may expire before or after the expiration of the Term, without releasing Tenant from any liability whatsoever, that Tenant shall be liable for any reasonable out-of-pocket expenses incurred by Landlord in connection with obtaining possession of the Demised Premises, with removing from {W12939071.11} 29 the Demised Premises property of Tenant and persons claiming under it (including warehouse charges), with putting the Demised Premises into good condition for reletting, and with any reletting, including, but without limitation, reasonable attorneys’ fees and brokers fees, and that any monies collected from any reletting shall be applied first to the foregoing expenses and then to the payment of Fixed Rent, additional rent and all other payments due from Tenant to Landlord.

Appears in 1 contract

Samples: Lease (Finch Therapeutics Group, Inc.)

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OBLIGATIONS THEREAFTER. In case of any such termination, the Tenant shall, notwithstanding Xxxxxx will indemnify Landlord each month against all loss of Fixed Rent and additional rent and against all obligations which Landlord may incur by reason of any such termination between the time of this Lease as aforesaid termination and the expiration of the Term; or any entry or re-entry by at the election of Landlord, whether exercised at the time of termination or at any time thereafter, Tenant will indemnify Landlord each month until the exercise of the election against all loss of Fixed Rent and additional rent and against all obligations which Landlord may incur by summary process or terminationreason of such termination during the period between the time of the termination and the exercise of the election, and upon the exercise of the election Tenant will pay and be liable for, on to Landlord as damages such amount as at the days originally fixed herein time of the exercise of the election represents the amount by which the rental value of the demised premises for the payment thereof, amounts equal to period from the several installments exercise of the election until the expiration of the Term shall be less than the amount of rent and other charges reserved as they would, under the terms of this Lease, become due if this Lease had not been terminated or if the Landlord had not entered or re-entered, as aforesaid, less the proceeds from any reletting of the Demised Premises. In addition, Tenant shall be liable for any direct damages suffered or incurred by Landlord as a result of such termination and the cost to relet the Demised Premises, which costs shall be limited to repairing and restoring the Demised Premises to a leasable white box condition, prevailing brokerage fees and reasonable attorney’s fees. Tenant hereby waives to the extent permitted by applicable law or elsewhere set forth payments provided herein to any obligation the be paid by Xxxxxx to Landlord may have to mitigate Landlord’s damages; provided, however, Landlord shall, after such termination of this Lease or re-entry as a result of an event of default, use commercially reasonable efforts to relet the Demised Premisesduring said period. It is understood and agreed that at the time of the termination or at any time thereafter Landlord may rent the Demised Premisesdemised premises, and for a term which may expire before or after the expiration of the Term, without releasing Tenant from any liability whatsoever, that Tenant shall be liable for any out-of-pocket reasonable expenses incurred by Landlord in connection with obtaining possession of the Demised Premisesdemised premises, with removing from {W12939071.11} 29 the Demised Premises demised premises property of Tenant and persons claiming under it (including warehouse charges), with putting the Demised Premises demised premises into good condition for reletting, and with any reletting, including, but without limitation, reasonable attorneys’ attornes' fees and brokers fees, and that any monies collected from any reletting shall be applied first to the foregoing expenses and then to the payment of Fixed Rent, additional rent and all other payments due from Tenant to Landlord.

Appears in 1 contract

Samples: Broadview Networks Holdings Inc

OBLIGATIONS THEREAFTER. In case of any such termination, the Tenant shall, notwithstanding will indemnify Landlord each month against all loss of Fixed Rent and additional rent and against all obligations which Landlord may incur by reason of any such termination between the time of this Lease as aforesaid termination and the expiration of the Term; or any entry or re-entry by at the election of Landlord, whether exercised at the time of termination or at any time thereafter, Tenant will indemnify Landlord each month until the exercise of the election against all loss of Fixed Rent and additional rent and against all obligations which Landlord may incur by summary process or terminationreason of such termination during the period between the time of the termination and the exercise of the election, and upon the exercise of the election Tenant will pay and be liable for, on to Landlord as damages such amount as at the days originally fixed herein time of the exercise of the election represents the amount by which the rental value of the Demised Premises for the payment thereof, amounts equal to period from the several installments exercise of the election until the expiration of the Term shall be less than the amount of rent and other charges reserved as they would, under the terms of this Lease, become due if this Lease had not been terminated or if the Landlord had not entered or re-entered, as aforesaid, less the proceeds from any reletting of the Demised Premises. In addition, Tenant shall be liable for any direct damages suffered or incurred by Landlord as a result of such termination and the cost to relet the Demised Premises, which costs shall be limited to repairing and restoring the Demised Premises to a leasable white box condition, prevailing brokerage fees and reasonable attorney’s fees. Tenant hereby waives to the extent permitted by applicable law or elsewhere set forth payments provided herein to any obligation the be paid by Tenant to Landlord may have to mitigate Landlord’s damages; provided, however, Landlord shall, after such termination of this Lease or re-entry as a result of an event of default, use commercially reasonable efforts to relet the Demised Premisesduring said period. It is understood and agreed that at the time of the termination or at any time thereafter Landlord may rent the Demised Premises, and for a term which may expire before or after the expiration of the Term, without releasing Tenant from any liability whatsoever, that Tenant shall be liable for any out-of-pocket expenses incurred by Landlord in connection with obtaining possession of the Demised Premises, with removing from {W12939071.11} 29 the Demised Premises property of Tenant and persons claiming under it (including warehouse charges), with putting the Demised Premises into good condition for reletting, and with any reletting, including, but without limitation, reasonable attorneys’ fees and brokers fees, and that any monies collected from any reletting shall be applied first to the foregoing expenses and then to the payment of Fixed Rent, additional rent and all other payments due from Tenant to Landlord.

Appears in 1 contract

Samples: Lease (Advent Technologies Holdings, Inc.)

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