Cancellation of Lease. Either Landlord or Tenant may cancel this Lease upon thirty (30) days' written notice to the other.
Cancellation of Lease. This Agreement shall be terminated prior to the expiration date upon Tenant’s payment of (1) rent payments until the premises are occupied by a new tenant; and (2) all reasonable expenses involved in securing another tenant (including, but not limited to: advertising, costs of showing premises to, and credit reports of prospective tenants); and (3) must be in compliance with Paragraphs 6 and 14. Xxxxxx Properties, Inc. hereby agrees to honor a Military transfer ONLY if it is a permanent change of station assignment of a greater distance than Fifty (50) miles from the current station and Tenant gives a Thirty (30) day written notice of such along with a copy of the transfer orders and last month’s rent. Offers of on-post housing DO NOT qualify.
Cancellation of Lease. Commented [CM12]: Clause 5.1 describes the measures that the freehold lessor or the existing Working Interest Owners could take to continue operating under the PAUA, despite the cancellation, surrender or termination of a freehold lease. Without these measures, the PAUA would terminate and the parties would have to restart the unitization process. Regarding the working interest left vacant by the terminated freehold lease, the freehold lessor has priority in deciding to assume the working interest under clause 5.1(a) and can deal with the working interest subsequently. If not, then the existing Working Interest Owners can step in to preserve the PAUA under clause 5.1(b). This allows the freehold lessor to remain entitled to its share of the royalty and other benefits under the freehold lease, in addition to being able to recover some or all outstanding royalties under clause 5.2. Clause 5.1(c) was added to respond to the termination of a freehold lease. This clause is available to the freehold lessor if clause 5.1(a) and clause 5.1(b) are not taken, in order to respect the rights and interests of existing parties to the PAUA. As a last resort, if the freehold lessor and the existing Working Interest Owners do not assume the working interest, the freehold lessor can preserve the PAUA by bringing in a new freehold lessee as a new Working Interest Owner.
Cancellation of Lease. In the event that any Lease permits cancellation thereof on payment of consideration and the privilege of cancellation is exercised, the payments made or to be made by reason thereof are hereby assigned to Lender, and if an Event of Default has occurred, shall be applied, at the election of Lender, to the Obligations in whatever order Lender shall choose in its discretion or shall be held in trust by Lender as further security, without interest, for the payment of the Obligations. Prior to such Event of Default, Borrower may use and apply such termination payments to expenses of the Property; provided, however, that Borrower shall notify Lender in writing of the receipt and amount of any such termination payments and the name of the tenant from whom such termination payment was received.
Cancellation of Lease. Nothing in this Lease shall prevent either party from canceling the lease upon (a) a substantial increase or decrease in pupil enrollment of the respective parties; (b) a substantial change in the needs and requirements of either party with respect to the premises; or (c) any change that substantially affects the needs and requirements of either party or the community in which they are located.
Cancellation of Lease. Pursuant to West Virginia Code § 18B-19-11(d), this Lease shall be cancelable at the option of the Lessee at the end of any fiscal year. In such event, the Lessee shall redeliver possession of the Equipment to Lessor, and upon such redelivery shall be relieved from any further obligations hereunder. Cancellation of the Lease pursuant to this section shall not be deemed an event of default.
Cancellation of Lease. It is further agreed by and between the parties hereto that the Department of Administration, as Lessee, shall have the right to cancel this lease, without further obligation on the part of the Lessee, upon giving thirty (30) days' written notice to the Lessor, such notice being given at least thirty days prior to the last day of the succeeding month [see West Virginia Code §5A-10-5(c)(1)].
Cancellation of Lease. It is further, specifically recorded that should the Tenant remain in Breach, after receiving written notification, for a duration of 20 (Twenty) Business Days, that the Landlord shall exercise his right, in terms of this Lease, to cancel this Lease forthwith and without further notice and claim all and any damages suffered by the Landlord from the Tenant.
Cancellation of Lease. DOE may cancel this Lease if the Realty Officer determines that the Lessee has failed to comply with any provision of this Lease including reasonable diligence. Failure of DOE to exercise its rights to cancel shall not be deemed to be a waiver thereof.
Cancellation of Lease. In the event of the cancellation or termination of the Lease for any reason whatsoever or of the involuntary surrender of the Lease by operation of law prior to the expiration date of this Sublease, Sublessee agrees to make full and complete attornment to the Lessor under the Lease for the balance of the Sublease Term and upon the then executory terms hereof at the option of the Lessor at any time during Sublessee's occupancy of the Premises, which attornment shall be evidenced by an agreement in form and substance reasonably satisfactory to the Lessor. Sublessee agrees to execute and deliver such an agreement at any time within ten (10) business days after request of the Lessor, and Sublessee waives the provisions of any law now or hereafter in effect which may give Sublessee any right of election to terminate this Sublease or to surrender possession of the Premises in the event any proceeding is brought by the Lessor under the Lease to terminate the Lease.
