Common use of BREAK CLAUSE Clause in Contracts

BREAK CLAUSE. The Tenant shall be entitled by giving not less than six (6) months notice in writing to the Landlord to terminate this Lease at 28th February 2010 and PROVIDED THAT the Tenant shall not be in arrears of any monies payable under the Lease at the expiry of such notice and shall with such notice pay to the Landlord a sum equivalent to the then payable Rent and Additional Rent (including Value Added Tax) for the period of six months as compensation for such termination (but for the avoidance of doubt this compensation payment shall not relieve the Tenant of the obligation to pay the Rent and the Additional Rent for the period up to the expiry of such notice) and from the expiration of such notice this Lease shall absolutely cease and determine but without prejudice to any right or remedy of the Landlord or Tenant in respect of any antecedent breach by the other party of the provisions of this Lease and upon termination the Tenant shall deliver to the Landlord the original of this Lease

Appears in 4 contracts

Samples: Lease (Xyratex LTD), Lease (Xyratex LTD), Lease (Xyratex LTD)

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