Orange County NC Website
7 <br /> B. Upon the expiration or termination of this lease, the Tenant shall peacefully surrender the <br /> leased property to the County, and the County, upon or at any time after such expiration or <br /> termination may, without further notice, reenter the leased property and repossess it by force, <br /> summary proceedings, ejectment, or otherwise, and may dispossess the Tenant and remove <br /> the Tenant and all other persons and property from the leased property and the right to receive <br /> all rental income therefrom. <br /> C. At any time after such expiration, the County may relet the leased property or any part <br /> thereof, in the name of the County or otherwise, for such term (which may be greater or less <br /> than the period which would otherwise have constituted the balance of the term of this lease) <br /> and on such conditions (which may include concessions or free rent) as the County, in its <br /> uncontrolled discretion, may determine, and may collect and receive the rent thereof. <br /> D. No such expiration of this lease shall relieve the Tenant of its liability or obligations under this <br /> lease, and such liability and obligations shall survive any such expiration. In the event of any <br /> such expiration, whether or not the leased property or any part any part thereof shall have <br /> been relet, the Tenant shall pay to the County the rent and additional rent required to be paid by <br /> the Tenant up to the time of such expiration, and thereafter the Tenant, until the end of what <br /> would have been the term of this lease in the absence of such expiration, shall be liable to the <br /> County for, and shall pay to the County, as and for liquidated and agreed current damages for <br /> the Tenant's default: <br /> 1. The equivalent of the amount of the rent and additional rent which would be <br /> 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 the <br /> lease, after deducting all the County's reasonable expenses in connection with <br /> such reletting, including, without limitation, all repossession costs, brokerage <br /> commissions, legal expenses, reasonable attorney's fees, alteration costs, and <br /> expenses of preparation for such reletting. <br /> (b) The net proceeds of any reletting effected pursuant to the provisions of <br /> paragraph d. of this article, after deducting all the County's reasonable expenses <br /> in connection with such reletting, including, without limitation, all repossession <br /> costs, brokerage commissions, legal expenses, reasonable attorney's fees, <br /> alteration costs, and expenses of preparation for such reletting. <br /> E. The Tenant shall pay such current damages (herein called "deficiency") to the County <br /> monthly on the days on which the rent and additional rent would have been payable under this <br /> lease if this lease were still in effect, and the County shall be entitled to recover from the <br /> 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 />