Common use of Termination of Right to Possession Clause in Contracts

Termination of Right to Possession. If Landlord terminates Tenant's right to possession of the Building without terminating this Lease, Landlord may relet the Building or any part thereof. In such case, Landlord shall use reasonable efforts to relet the Building on such terms as Landlord shall reasonably deem appropriate; provided, however, Landlord may first lease Landlord's other available space and shall not be required to accept any tenant offered by Tenant or to observe any instructions given by Tenant about such reletting. Tenant shall reimburse Landlord for the costs and expenses of reletting the Building including, but not limited to, all brokerage, advertising, legal, alteration, redecorating, repairs and other expenses incurred to secure a new tenant for the Building. In addition, if the consideration collected by Landlord upon any such reletting, after payment of the expenses of reletting the Building which have not been reimbursed by Tenant, is insufficient to pay monthly the full amount of the Rent, Tenant shall pay to Landlord the amount of each monthly deficiency as it becomes due. If such consideration is greater than the amount necessary to pay the full amount of the Rent, the full amount of such excess shall be retained by Landlord and shall in no event be payable to Tenant.

Appears in 2 contracts

Samples: Office Building Lease (Tractor Supply Co /De/), Lease Agreement (United Stationers Supply Co)

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Termination of Right to Possession. If Landlord terminates Tenant's right to possession of the Building Premises without terminating this Lease, Landlord may relet the Building Premises or any part thereof. In such case, Landlord shall use reasonable efforts to relet the Building Premises on such terms as Landlord shall reasonably deem appropriate; provided, however, Landlord may first lease Landlord's other available space and shall not be required to accept any tenant offered by Tenant or to observe any instructions given by Tenant about such reletting. Tenant shall reimburse Landlord for the costs and expenses of reletting the Building Premises including, but not limited to, all brokerage, advertising, legal, alteration, redecorating, repairs and other expenses incurred to secure a new tenant for the BuildingPremises. In addition, if the consideration collected by Landlord upon any such reletting, after payment of the expenses of reletting the Building Premises which have not been reimbursed by Tenant, is insufficient to pay monthly the full amount of the Rent, Tenant shall pay to Landlord the amount of each monthly deficiency as it becomes due. If such consideration is greater than the amount necessary to pay the full amount of the Rent, the full amount of such excess shall be retained by Landlord and shall in no event be payable to Tenant.

Appears in 2 contracts

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

Termination of Right to Possession. If Landlord terminates Tenant's ’s right to possession of the Building Premises without terminating this Lease, Landlord may relet the Building Premises or any part thereof. In such case, Landlord shall use reasonable efforts to relet the Building Premises on such terms as Landlord shall reasonably deem appropriate; provided, however, Landlord may first lease Landlord's ’s other available space and shall not be required to accept any tenant offered by Tenant or to observe any instructions given by Tenant about such reletting. Tenant shall reimburse Landlord for the costs and expenses of reletting the Building Premises including, but not limited to, all brokerage, advertising, legal, alteration, redecorating, repairs and other expenses incurred to secure a new tenant for the BuildingPremises. In addition, if the consideration collected by Landlord upon any such reletting, after payment of the expenses of reletting the Building which Premises that have not been reimbursed by Tenant, is insufficient to pay monthly the full amount of the Rent, Tenant shall pay to Landlord the amount of each monthly deficiency as it becomes due. If such consideration is greater than the amount necessary to pay the full amount of the Rent, the full amount of such excess shall be retained by Landlord and shall in no event be payable to Tenant.

Appears in 1 contract

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

Termination of Right to Possession. If Landlord terminates Tenant's right to possession of the Building Premises without terminating this Lease, Landlord may relet the Building Premises or any part thereofthereof alone or in conjunction with other parts of the Building for a term longer or shorter than the term of this Lease. In such case, Landlord shall use reasonable efforts to relet the Building Premises on such terms as Landlord shall reasonably deem appropriate; provided, however, Landlord may first lease Landlord's other available space and shall not be required to accept any tenant offered by Tenant or to observe any instructions given by Tenant about such reletting. Tenant shall reimburse Landlord for the costs and expenses of reletting the Building Premises including, but not limited to, all costs of recovering possession, brokerage, advertising, legal, alteration, redecorating, repairs repairs, and other expenses incurred to secure a new tenant for the BuildingPremises. In addition, if the consideration collected by Landlord upon any such reletting, after payment of the expenses of reletting the Building Premises which have not been reimbursed by Tenant, is insufficient to pay monthly the full amount of the Rent, Tenant shall pay to Landlord the amount of each monthly deficiency as it becomes due. If such consideration is greater than the amount necessary to pay the full amount of the Rent, the full amount of such excess shall be retained by Landlord and shall in no event be payable to Tenant.

Appears in 1 contract

Samples: Town Center Office Lease (Eltrax Systems Inc)

Termination of Right to Possession. If Landlord terminates Upon terminating Tenant's ’s right to possession of the Building Premises without terminating this Lease, Landlord may relet the Building Premises or any part thereof. In such case, Landlord shall use reasonable efforts to relet the Building Premises on such terms as Landlord shall reasonably deem appropriate; provided, however, Landlord may first lease Landlord's ’s other available space and shall not be required to accept any tenant offered by Tenant or to observe any instructions given by Tenant about such reletting. Tenant shall reimburse Landlord for the costs and expenses of reletting the Building Premises including, but not limited to, all brokerage, advertising, legal, alteration, redecorating, repairs and other expenses incurred to secure a new tenant for the BuildingPremises. In addition, if the consideration collected by Landlord upon any such reletting, after payment of the expenses of reletting the Building Premises which have not been reimbursed by Tenant, is insufficient to pay monthly the full amount of the Rent, Tenant shall pay to Landlord the amount of each monthly deficiency as it becomes due. If such consideration is greater than the amount necessary to pay the full amount of the Rent, the full amount of such excess shall be retained by Landlord and shall in no event be payable to Tenant.

Appears in 1 contract

Samples: Lease (Alliance Data Systems Corp)

Termination of Right to Possession. If Landlord terminates Tenant's ’s right to possession of the Building Premises without terminating this Lease, Landlord may relet the Building Premises or any part thereof. In such case, Landlord shall use reasonable efforts to relet the Building Premises on such terms as Landlord shall reasonably deem appropriate; provided, however, Landlord may first lease Landlord's other available space and shall not be required to accept any tenant offered by Tenant or to observe any instructions given by Tenant about such reletting. Tenant shall reimburse Landlord for the reasonable costs and expenses of reletting the Building Premises including, but not limited to, all brokerage, advertising, legal, reasonable alteration, reasonable redecorating, repairs and other reasonable expenses incurred to secure a new tenant for the BuildingPremises. In addition, if the consideration collected by Landlord upon any such reletting, after payment of the expenses of reletting the Building Premises which have not been reimbursed by Tenant, is insufficient to pay monthly the full amount of the Rent, Tenant shall pay to Landlord the amount of each monthly deficiency as it becomes due. If such consideration is greater than the amount necessary to pay the full amount of the Rent, the full amount of such excess shall be retained by Landlord and shall in no event be payable to Tenant but shall be available as a credit against installments of Rent thereafter becoming due from Tenant.

Appears in 1 contract

Samples: Lease Agreement (Graham Corp)

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Termination of Right to Possession. If Landlord terminates Tenant's right to possession of the Building Premises without terminating this Lease, Landlord may relet the Building Premises or any part thereof. In such case, Landlord shall use reasonable efforts to relet the Building Premises on such terms as Landlord shall reasonably deem appropriate; provided, however, Landlord may first lease Landlord's other available space and shall not be required to accept any tenant offered by Tenant or to observe any instructions given by Tenant about such reletting. Tenant shall reimburse Landlord for the costs and expenses of reletting the Building Premises, including, but not limited to, all brokerage, advertising, legal, alteration, redecorating, repairs repairing and other expenses incurred to secure a new tenant for the BuildingPremises or portion thereof. In addition, if the consideration collected by Landlord upon any such relettingreletting or sale, after payment of the expenses of reletting the Premises or sale of the Building which have not been reimbursed by Tenant, is insufficient to pay monthly the full amount of the Rent, Tenant shall pay to Landlord the amount of each monthly deficiency as it becomes due. If such consideration is greater than the amount necessary to pay the full amount of the Rent, the full amount of such excess shall be retained by Landlord and shall in no event be payable to Tenant.

Appears in 1 contract

Samples: Work Agreement (Bridgeline Software, Inc.)

Termination of Right to Possession. If Landlord terminates Tenant's right to possession of the Building Premises without terminating this Lease, Landlord may relet the Building Premises or any part thereof. In such case, Landlord shall use reasonable efforts to relet the Building Premises on such terms as Landlord shall reasonably deem appropriate; provided, however, Landlord may first lease Landlord's other available space and shall not be required to accept any tenant offered by Tenant or to observe any instructions given by Tenant about such reletting. [In addition, in an effort to mitigate its damages, Landlord may, but is not obligated to, sell the Building or portions thereof.] Tenant shall reimburse Landlord for the costs and expenses of reletting the Building Premises [or selling the Building] including, but not limited to, all brokerage, advertising, legal, alteration, redecorating, repairs and other expenses incurred to secure a new tenant for the BuildingPremises [or purchaser of the Building or portions thereof]. In addition, if the consideration collected by Landlord upon any such relettingreletting [or sale], after payment of the expenses of reletting the Building Premises [or sale of the Building] which have not been reimbursed by Tenant, is insufficient to pay monthly the full amount of the Rent, Tenant shall pay to Landlord the amount of each monthly deficiency as it becomes due. If such consideration is greater than the amount necessary to pay the full amount of the Rent, the full amount of such excess shall be retained by Landlord and shall in no event be payable to Tenant.

Appears in 1 contract

Samples: Micropoint Inc

Termination of Right to Possession. If Landlord terminates Upon terminating Tenant's right to possession of the Building Premises without terminating this Lease, Landlord may relet the Building Premises or any part thereof. In such case, Landlord shall use reasonable efforts to relet the Building Premises on such terms as Landlord shall reasonably deem appropriate; provided, however, Landlord may first lease Landlord's other available space and shall not be required to accept any tenant offered by Tenant or to observe any instructions given by Tenant about such reletting. Tenant shall reimburse Landlord for the costs and expenses of reletting the Building Premises including, but not limited to, all brokerage, advertising, legal, alteration, redecorating, repairs and other expenses incurred to secure a new tenant for the BuildingPremises. In addition, if the consideration collected by Landlord upon any such reletting, after payment of the expenses of reletting the Building Premises which have not been reimbursed by Tenant, is insufficient to pay monthly the full amount of the Rent, Tenant shall pay to Landlord the amount of each monthly deficiency as it becomes due. If such consideration is greater than the amount necessary to pay the full amount of the Rent, the full amount of such excess shall be retained by Landlord and shall in no event be payable to Tenant.

Appears in 1 contract

Samples: Telxon Corp

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