Common use of Recovery of Damages Clause in Contracts

Recovery of Damages. Any damage or loss of rent sustained by Landlord may be recovered by Landlord, at Landlord's option, in separate actions, from time to time, as said damage shall have been ascertained or, at Landlord's option, may be deferred until the expiration of the term of this Lease (in which event Tenant hereby agrees that the cause of action shall not be deemed to have accrued until the date of expiration of said term). The provisions contained in this paragraph shall be in addition to and shall not prevent the enforcement of any claim Landlord may have against Tenant for anticipatory breach of the unexpired term of this Lease. All rights and remedies of Landlord under this Lease shall be cumulative and shall not be exclusive of any rights and remedies provided to Landlord under applicable law. In the event Tenant becomes the subject debtor in a case under the Bankruptcy Code, the provisions of this Section 12.4 may be limited by the limitations of damage provisions of the Bankruptcy Code.

Appears in 2 contracts

Samples: Lease and Lease Extension Agreement (Otg Software Inc), Techteam Global Inc

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Recovery of Damages. Any damage or loss of rent sustained by Landlord Lessor may be recovered by LandlordLessor, at LandlordLessor's option, at the time of the reletting, or in separate actions, from time to time, as said damage shall have been ascertained by successive relettings, or, at LandlordLessor's option, may be deferred until the expiration of the term of this Lease (in which event Tenant Lessee hereby agrees that the cause of action shall not be deemed to have accrued until the date of expiration of said term). The provisions contained in this paragraph shall be in addition to and shall not prevent the enforcement of any claim Landlord Lessor may have against Tenant Lessee for anticipatory breach of the unexpired term of this Lease. All rights and remedies of Landlord Lessor under this Lease shall be cumulative and shall not be exclusive of any other rights and remedies provided to Landlord Lessor under applicable law. In the event Tenant Lessee becomes the subject debtor in a case under the Bankruptcy Code, the provisions of this Section 12.4 section 11.04 may be limited by the limitations of damage provisions of the Bankruptcy Code.

Appears in 1 contract

Samples: Lease (SPR Inc)

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Recovery of Damages. Any damage or loss of rent sustained by Landlord may be recovered by Landlord, at Landlord's option, at the time of the reletting, or in separate actions, from time to time, as said damage shall have been ascertained by successive relettings, or, at Landlord's option, may be deferred until the expiration of the term of this Lease (in which event Tenant hereby agrees that the cause of action shall not be deemed to have accrued until the date of expiration of said term). The provisions contained in this paragraph shall be in addition to and shall not prevent the enforcement of any claim Landlord may have against Tenant for anticipatory breach of the unexpired term of this Lease. All rights and remedies of Landlord under this Lease shall be cumulative and shall not be exclusive of any other rights and remedies provided to Landlord under applicable law. In the event Tenant becomes the subject debtor in a case under the Bankruptcy Code, the provisions of this Section section 12.4 may be limited by the limitations of damage provisions of the Bankruptcy Bankuptcy Code.

Appears in 1 contract

Samples: Lease Extension Agreement (Sherwood Brands Inc)

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