Common use of Premature Termination Clause in Contracts

Premature Termination. Upon premature termination of this lease for any reason (including, without departing from the generality of the aforegoing, termination by a trustee or liquidator of the TENANT following insolvency or liquidation) then until the TENANT or its legal representative prove to the contrary, the TENANT shall be deemed to be indebted to the LANDLORD, inter alia for damages for loss of rental in a sum equal to the aggregate of the basic and additional rental which would be payable under the lease but for its termination.

Appears in 5 contracts

Samples: vegaproperties.co.za, vegaproperties.co.za, www.vegaproperties.co.za

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Premature Termination. Upon premature termination of this lease for any reason ([including, without departing from the generality of the aforegoing, termination by a trustee or liquidator of the TENANT following insolvency or liquidation) then ], then, until the TENANT or its legal representative prove proves to the contrary, the TENANT shall be deemed to be indebted to the LANDLORD, inter alia inter-alia, for damages damages, for loss of rental in a sum equal to the aggregate of the basic and additional rental rental, including operating and promotion costs and rates, which would be payable under the this lease but for its termination.

Appears in 1 contract

Samples: The Agreement

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