Common use of Recovery of Rent; Reletting Clause in Contracts

Recovery of Rent; Reletting. (a) In the event of the abandonment of the Premises by Tenant or if Landlord elects to either reenter as provided for in this Lease or take possession of the Premises either pursuant to legal proceeding or pursuant to any notice provided by law, then if Landlord does not elect to terminate this Lease as provided in subsection (c), below, this Lease shall continue in effect, and Landlord may enforce all its rights and remedies under this Lease, including Landlord’s right to recover all Rent as it becomes due and/or to relet all or part of the Premises for lease term(s), Rent on such terms as are commercially reasonable. Alterations, acts of maintenance or /s/ SS /s/ EF Landlord’s Initials Tenant’s Initials preservation, efforts to relet the Premises, the appointment of a receiver upon initiation of Landlord or other legal proceeding granting Landlord or its agent possession to protect Landlord’s interest under this Lease shall not constitute a termination of Tenant’s right to possession.

Appears in 3 contracts

Samples: Office Lease (Impinj Inc), Office Lease (Impinj Inc), Office Lease (Impinj Inc)

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Recovery of Rent; Reletting. (a) In the event of the abandonment of the Premises by Tenant or if Landlord elects to either reenter as provided for in this Lease Section 25.2 or take possession of the Premises either pursuant to legal proceeding or pursuant to any notice provided by law, then if Landlord does not elect to terminate this Lease as provided in subsection (c), belowSection 25.1, this Lease shall continue in effect, and Landlord may enforce all its rights and remedies under this Lease, including Landlord’s 's right from time to time, without terminating this Lease, to either recover all Rent as it becomes due and/or to or relet all or part of the Premises or any part thereof for lease term(s)such term or terms and at such Rent and upon such other terms and conditions as Landlord, Rent on such terms as are commercially reasonablein its sole discretion may deem advisable with the right to make alterations and repairs to the Premises. Alterations, acts Acts of maintenance or /s/ SS /s/ EF Landlord’s Initials Tenant’s Initials preservation, preservation or efforts to relet the Premises, Premises or the appointment of a receiver upon initiation of Landlord or other legal proceeding granting Landlord or its agent possession to protect Landlord’s 's interest under this Lease shall not constitute a termination of Tenant’s 's right to possession.. ------------------- ----------------- Landlord's Initials Tenant's Initials

Appears in 1 contract

Samples: Entrada Networks Inc

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Recovery of Rent; Reletting. (a) In the event of the abandonment (as defined by law) of the Premises by Tenant or if Landlord elects to either reenter as provided for in this Lease Section 25.2 or take possession of the Premises either pursuant to legal proceeding or pursuant to any notice provided by law, then if Landlord does not elect to terminate this Lease as provided in subsection (c), belowSection 25.1, this Lease shall continue in effect, and Landlord may enforce all its rights and remedies under this Lease, including Landlord’s right from time to time, without terminating this Lease, to either recover all Rent as it becomes due and/or to or relet all or part of the Premises or any part thereof for lease term(s)such term or terms and at such Rent and upon such other terms and conditions as Landlord, Rent on such terms as are commercially reasonablein its sole discretion may deem reasonably advisable with the right to make alterations and repairs to the Premises. Alterations, acts Acts of maintenance or /s/ SS /s/ EF Landlord’s Initials Tenant’s Initials preservation, preservation or efforts to relet the Premises, Premises or the appointment of a receiver upon initiation of Landlord or other legal proceeding granting Landlord or its agent possession to protect Landlord’s interest under this Lease shall not constitute a termination of Tenant’s right to possession.

Appears in 1 contract

Samples: Net Lease (Centillium Communications Inc)

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