Common use of Early Lease Termination Clause in Contracts

Early Lease Termination. (a) Notwithstanding the Lease provisions herein, the Director, in his sole and absolute discretion, has the authority to terminate the Lease during the Operating Term if the use of the space is required in support of the Airport’s Five-Year or Ten-Year Capital Plan, as published annually (the “Early Lease Termination”). In the event the Director exercises this Early Lease Termination, the Airport shall provide Tenant with six (6) months’ written notice of the termination date of the Lease, upon which the Lease shall terminate and Tenant shall vacate the Premises in accordance with applicable Lease provisions contained herein.

Appears in 14 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Early Lease Termination. (a) Notwithstanding the Lease provisions herein, the Director, in his sole and absolute discretion, has the authority to terminate the Lease during the Operating Term if the use of the space is required in support of the Airport’s Five-Year or Ten-Year Capital Plan, as published annually (the “Early Lease Termination”). In the event the Director exercises this Early Lease Termination, the Airport shall provide Tenant with six (6) months’ written notice of the termination date of the Lease, upon which the Lease shall terminate and the Tenant shall vacate the Premises in accordance with applicable Lease provisions contained herein.

Appears in 6 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

Early Lease Termination. (a) Notwithstanding the Lease provisions herein, the Airport Director, in his sole and absolute discretion, has the authority to terminate the Lease during the Operating Term if the use of the space is required in support of the Airport’s Five-Year or Ten-Year Capital Plan, as published annually (the “Early Lease Termination”)annually. In the event the Airport Director exercises this Early Lease Termination, the Airport shall provide Tenant with a six (6) months’ months written notice of the termination date of the Lease, upon which the Lease shall terminate and the Tenant shall vacate the Premises in accordance with applicable Lease provisions contained herein.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Early Lease Termination. (a) Notwithstanding the Lease provisions herein, the Director, in his sole and absolute discretion, has the authority to terminate the Lease during the Operating Term if the use of the space is required in support of the Airport’s Five-Year or Ten-Year Capital Plan, as published annually (the “Early Lease Termination”). In the event the Director exercises this Early Lease Termination, the Airport shall provide Tenant Operator with six (6) months’ written notice of the termination date of the Lease, upon which the Lease shall terminate and Tenant Operator shall vacate the Premises in accordance with applicable Lease provisions contained herein.

Appears in 1 contract

Samples: Lease and Operating Agreement

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