Example ContractsClausesefforts to reletVariants
Efforts to Relet
Efforts to Relet contract clause examples

In the event of termination or repossession of the Demised Premises for an Event of Default, [[Organization A:Organization]] shall attempt to relet the Demised Premises, or any portion thereof, to collect rental after reletting; and in the event of reletting, [[Organization A:Organization]] may relet the whole or any portion of the Demised Premises, as agent for [[Organization B:Organization]] or for [[Organization A:Organization]]'s own account, for any period to any [[Organization B:Organization]] and for any use and purpose. [[Organization A:Organization]] shall owe no duty or obligation to [[Organization B:Organization]] if [[Organization A:Organization]] attempts to relet the Demised Premises or attempts in any way to mitigate [[Organization A:Organization]]'s damages in the event of termination or repossession of the Demised Premises for an Event of Default.

In the event that [[Organization A:Organization]] elects to repossess the Demised Premises without terminating this Lease, then [[Organization B:Organization]] shall be liable for and shall pay to [[Organization A:Organization]] at the address specified for notice to [[Organization A:Organization]] herein all rental and other indebtedness accrued to the date of such repossession, plus [[Organization A:Organization]] may accelerate to the date of default all monthly payments required to be paid by [[Organization B:Organization]] to [[Organization A:Organization]] during the remainder of the Lease Term as stated in Article I. Said amount may be calculated by the approximation of historical costs of said amount to the remainder of the Lease. That amount may be offset by any actual net sums thereafter received by [[Organization A:Organization]] through reletting the Demised Premises during said period (after deducting expenses incurred by [[Organization A:Organization]] as provided in [Article XVII], [Section 17.7] hereof). In no event shall [[Organization B:Organization]] be entitled to any excess of any rental obtained by reletting over and above the rental herein reserved. Actions to collect amounts due by [[Organization B:Organization]] to [[Organization A:Organization]] as provided in this [Article XVII], [Section 17.7] may be brought from time to time, on one or more occasions, without the necessity of [[Organization A:Organization]]'s waiting until expiration of the Lease Term.

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