Net Rental Value definition
Net Rental Value means the fair rental value of the Premises for the remainder of the Lease Term reduced to present value, less the Landlord's costs, expenses and attorneys' fees in connection with the preparation of the Premises for reletting and for the reletting itself; provided, however, the parties agree that in no event shall the Net Rental Value exceed the Rent Balance; the parties further agree that the damages caused by the Tenant's default would be difficult or impossible accurately to estimate and that this measure of damages is a reasonable pre-estimate of the Landlord's probable loss resulting from Tenant's breach; the acceptance of the liquidated damages set forth in this paragraph shall not constitute a waiver of any failure of Tenant thereafter occurring to comply with any term, provision, condition or covenant of this Lease.
Net Rental Value means the fair rental value of the Premises for the remainder of the Lease Term discounted to present value, less the Landlord’s costs, expenses and attorney’s fees in connection with preparation of the Premises for reletting and for the reletting itself; provided however, the parties agree that in no event shall the Net Rental Value exceed the Rent Balance; (ii) the cost of performing any other covenants which would have otherwise been performed by Tenant; (iii) all costs, expenses and reasonable attorneys’ fees Landlord incurred in connection with the termination of this Lease and eviction of Tenant. The parties agree that the damages caused by Tenant’s default would be difficult or impossible to accurately estimate and that this measure of damages is a reasonable pre-estimate of the Landlord’s probable loss resulting from Tenant’s breach. The acceptance of the liquidated damages set forth in this paragraph shall not constitute a waiver of any failure of Tenant thereafter occurring to comply with any term, provision, condition or covenant of this Lease; and/or reletting of the Premises. The acceptance of such payment by Landlord shall not constitute a waiver of any failure of Tenant thereafter occurring to comply with any term, provision, condition or covenant of this Lease; and/or
Net Rental Value means the fair rental value of the Premises for the remainder of the Lease Term reduced to present value, less the Landlord's costs, expenses and *attorneys' fees in connection with the preparation of the Premises for reletting and for the reletting itself; provided, however, the parties agree that in no event shall the Net Rental Value exceed the Rent Balance; the parties further agree that the damages caused by the Tenant's default would be difficult or impossible accurately to estimate and that this measure of damages is a reasonable pre-estimate of the Landlord's probable loss resulting from Tenant's breach; the
Examples of Net Rental Value in a sentence
In addition thereto, Lessor, at its election, shall have the right to collect as liquidated damages, and not as a penalty, and in addition to all Base Rental and other amounts previously due and unpaid under the terms and conditions of this Lease, the accelerated present value of the Base Rental, and all other sums provided herein to be paid by Lessee during the remainder of the term of this Lease (the "Rent Balance"), less the Net Rental Value of the Expansion Premises as hereinafter defined.
The term "Net Rental Value" shall mean the fair rental value of the Expansion Premises for the remainder of the term of this Lease reduced to present value, less Lessor's costs, expenses and attorney's fees in connection with the preparation of the Expansion Premises for reletting and for the reletting itself.
The Lessor and Lessee agree that in no event shall the Net Rental Value exceed the Rent Balance.
More Definitions of Net Rental Value
Net Rental Value means the fair rental value of the Expansion Premises for the remainder of the term of this Lease reduced to present value, less Lessor's costs, expenses and attorney's fees in connection with the preparation of the Expansion Premises for reletting and for the reletting itself. The Lessor and Lessee agree that in no event shall the Net Rental Value exceed the Rent Balance. Lessor and Lessee further agree that the damages caused by the Lessee's default would be difficult or impossible to estimate accurately and that this measure of damages is a reasonable pre-estimate of Lessor's probable loss resulting from Lessee's breach. The acceptance of the liquidated damages set forth in this subsection (iv) shall not constitute a waiver of any failure of Lessee thereafter occurring to comply with any term, provision, condition or covenant of this Lease.