Common use of Termination of Lease Clause in Contracts

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) both discounted to present value at the rate of five percent (5%) per annum.

Appears in 3 contracts

Samples: Office Space Lease (Mdsi Mobile Data Solutions Inc /Can/), Office Space Lease (New Century Financial Corp), Micropoint Inc

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Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) ), both discounted to present value at the rate of five percent (5%) per annum.

Appears in 2 contracts

Samples: Office Lease (Hanover Capital Mortgage Holdings Inc), Office Lease (Privatebancorp Inc)

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's estimate of the aggregate expenses of reletting the PremisesBuilding, exceeds Landlord's estimate of the fair rental value of the Premises Building for the same period (after deducting from such fair rental value the time needed to relet the Premises Building and the amount of concessions which would normally be given to a new tenant) both discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Samples: Office Building Lease (Tractor Supply Co /De/)

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's ’s estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's ’s estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's ’s estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) both discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Samples: Office Lease (New World Technologies, Inc.)

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's ’s estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's ’s estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's ’s estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) ), both discounted to present value at the rate of five percent (5%) 7% per annum.

Appears in 1 contract

Samples: Work Letter Agreement (Gtsi Corp)

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's reasonable estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date stated expiration date of the Term hereof plus Landlord's reasonable estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's reasonable estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the reasonable time needed to relet the Premises and the amount of reasonable concessions which would normally be given to a new tenant) both discounted to present value at the rate of five percent (5%) per annum.. E.

Appears in 1 contract

Samples: Office Lease (Vivid Seats Inc.)

Termination of Lease. If Landlord terminates this LeaseLease pursuant to Section 16.B above, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's reasonable estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's reasonable estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) ), both discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Samples: Lease (Manchester Equipment Co Inc)

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) both discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Samples: Embassy Plaza (Data Transmission Network Corp)

Termination of Lease. If Landlord terminates this Lease, Landlord may -------------------- recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) ), both discounted to present value at the rate of five percent (5%) % per annum.

Appears in 1 contract

Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)

Termination of Lease. If Landlord terminates this Lease, Landlord may -------------------- recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's reasonable estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's reasonable estimate of the aggregate reasonable expenses of reletting the Premises, exceeds Landlord's estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) ), both discounted to present value at the rate of five percent (5%) 7% per annum.

Appears in 1 contract

Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's ’s estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's ’s estimate of the reasonable aggregate expenses of reletting the Premises, premises exceeds Landlord's ’s estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) both discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Samples: Office Lease (Addus HomeCare Corp)

Termination of Lease. If Landlord terminates this Lease, Landlord may -------------------- recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's reasonable estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value Landlord's reasonable estimate of the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) ), both discounted to present value at the rate of five percent (5%) % per annum.

Appears in 1 contract

Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's ’s estimate of the aggregate amount of Rent owing from the date of such the termination through the Expiration Date stated expiration date of the Term hereof plus Landlord's ’s estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's ’s estimate of the fair rental value of the Premises for the same period (after deducting from such the fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) both discounted to present value at the rate of five six and one-half percent (56.5%) per annum.

Appears in 1 contract

Samples: Office Lease (Houghton Mifflin Co)

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Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's ’s estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's ’s estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's ’s estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the time needed to relet the Premises and the amount of concessions which that would normally be given to a new tenant) both discounted to present value at the rate of five six percent (56%) per annum.

Appears in 1 contract

Samples: Office Space Lease (AAC Holdings, Inc.)

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's estimate of the aggregate amount of Rent owing from the date of such the termination through the Expiration Date stated expiration date of the Term hereof plus Landlord's estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's estimate of the fair rental value of the Premises for the same period (after deducting from such the fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) both discounted to present value at the rate of five six and one-half percent (56.5%) per annum.

Appears in 1 contract

Samples: Workletter Agreement (Houghton Mifflin Co)

Termination of Lease. If Landlord terminates this Lease, Landlord may shall have the option to recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's estimate of the aggregate amount of Rent owing owing, from the date of such termination through the Expiration Date plus Landlord's estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) both discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Samples: Work Agreement (Bridgeline Software, Inc.)

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum sun amount equal to the amount by which Landlord's ’s reasonable estimate of the aggregate amount of Rent owing from the date data of such termination through the Expiration Expiration. Date plus Landlord's ’s estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's estimate of the fair market rental value of the Premises for the same period (after deducting from such fair market rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) ), both discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Samples: Lease (First Essex Bancorp Inc)

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's reasonable estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's estimate of the aggregate expenses of reletting the PremisesBuilding, exceeds Landlord's estimate of the fair rental value of the Premises Building for the same period (after deducting from such fair rental value the time needed to relet the Premises Building and the amount of concessions which would normally be given to a new tenant) both discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Samples: Lease Agreement (United Stationers Supply Co)

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's estimate of the aggregate amount of Rent owing from the date of such termination through the Expiration Date plus Landlord's estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the rent for the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) both discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Samples: Town Center Office Lease (Eltrax Systems Inc)

Termination of Lease. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's estimate of the aggregate amount of Rent owing owing, from the date of such termination through the Expiration Date plus Landlord's estimate of the aggregate expenses (incurred in good faith) of reletting the Premises, exceeds Landlord's estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) both discounted to present value at the rate of five six percent (56%) per annum.

Appears in 1 contract

Samples: E Spire Communications Inc

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