Early Termination During Initial Term. Upon one (1) year’s written notice prior to each anniversary date during the initial term, Landlord may terminate this Lease Agreement provided the Landlord reimburses Tenant for the costs of the improvements placed on the Premises by Tenant pursuant to the following reimbursement schedule: Effective Date of Termination Percentage of Reimbursement of Tenant’s Improvement Costs September 30, 2019 90% September 30, 2020 80% September 30, 2021 70% September 30, 2022 60% September 30, 2023 50% September 30, 2024 40% September 30, 2025 30% September 30, 2026 20% September 30, 2027 10% Following completion of any improvements made by Xxxxxx, Tenant must provide, upon request by the Landlord, within sixty (60) days of that request, and to Landlord’s satisfaction, documentation setting forth the actual costs of Tenant’s improvements and Landlord shall either request additional documentation from Lessee or approve Lessee’s documentation within sixty (60) days of Landlord’s receipt of the documentation. In the event additional documentation is requested, Landlord shall have sixty (60) days from the date of Landlord’s receipt of the additional documentation to approve same. The parties agree that improvement costs shall not include recurring or periodic operating and maintenance costs incurred in relation to the improvements. Prior to the Landlord being obligated to pay any amount of reimbursement for Landlord’s termination of this Lease Agreement during the Initial Term, Lessee must have provided the above described documentation, to Landlord’s satisfaction, within the time period provided above. Any termination of this Lease Agreement by Landlord during the Initial Term will not be effective until Xxxxxx receives payment of the above described reimbursement from Landlord, which in no event shall be paid by Landlord later than the effective date of any such termination.
Early Termination During Initial Term. Notwithstanding anything to the contrary herein, a City may terminate without cause its participation as a Party to this Agreement prior to the end of the Term subject to the following:
