Orange County NC Website
24 <br /> (d) No such expiration or termination of this lease shall relieve the Tenant of its <br /> liability or obligations under this lease, and such liability and obligations shall survive any such <br /> expiration or termination. In the event of any such expiration or termination, whether or not the <br /> leased property or any part any part thereof shall have been relet, the Tenant shall pay to the <br /> County the rent and additional rent required to be paid by the Tenant up to the time of such <br /> expiration, and thereafter the Tenant, until the end of what would have been the term of this <br /> lease in the absence of such expiration, shall be liable to the County for, and shall pay to the <br /> County, as and for liquidated and agreed current damages for the Tenant's default: <br /> 1. The equivalent of the amount of the rent and additional rent which <br /> would be payable under this lease by the Tenant if this lease were still in effect, less <br /> 2. The greater of <br /> (a) The fair rental value of the leased property for the remaining term Of <br /> the lease,-after deducting- all the County's reasonable expenses in* connection with such <br /> reletting, 'including, without limitation, all repossession costs, brokerage Commissions, legal <br /> expenses, reasonable attorney's fees, alteration costs, and expenses of preparation for such <br /> reletting. <br /> (b) The net proceeds of any reletting effected pursuant to the provisions <br /> of paragraph d, of this article, after deducting the entire County's reasonable expenses in <br /> connection with such reletting, including, without limitation, all repossession costs, brokerage <br /> commissions, legal expenses, reasonable attorney's fees, alteration costs, and expenses of <br /> preparation for such reletting. <br /> (e) The Tenant shall pay such current damages (herein called "deficiency") to <br /> the County monthly on the days on which the rent and additional rent would have been payable <br /> under this lease if this lease were still in effect, and the County shall be entitled to recover from <br /> the Tenant each monthly deficiency as such deficiency shall arise. At any time after any such <br /> expiration, whether or not the County shall have collected any monthly deficiency, the County <br /> shall be entitled to recover from the Tenant, and the Tenant shall pay to the County, on <br /> demand, as and for liquidated and agreed final damages for the Tenant's default, an amount <br /> equal to the difference between the rent and additional rent reserved hereunder for the expired <br /> portion of the lease of the leased property for the same period. In the computation of such <br /> damages the difference between any installment of rent becoming due hereunder after the date <br /> of termination and the fair and reasonable rental value of the leased property for the period for <br /> which such installment was payable shall be discontinued to the date,of termination at the rate <br /> of four percent per annum. <br /> (f) The terms "enter", "reenter", "entry', or "reentry" as used in this lease are not <br /> restricted to their technical meaning. <br /> 18. Lien on Tenant's Improvements and Personal Property. The County shall <br /> have first lien paramount to all others on every right and interest of the Tenant in and to this <br /> lease, and on any building or improvement on or hereafter placed on the leased property, and <br /> on any furnishings, equipment fixtures, or other personal property of any kind belonging to the <br /> Tenant, or the equity of the Tenant therein, on the leased property. Such lien is granted for the <br /> purpose of covenanted to be paid by the Tenant, and for the 'purpose of securing the <br /> performance of all of the Tenant's obligations under this lease. Such liens shall be in addition to <br /> all rights of the County given under statutes of this state, which are now or shall hereinafter be <br />