Early Termination Right. Tenant shall have the one time right to terminate the Term of this Lease with respect to the original Premises only (“Termination Right”) as of the date that is 36 months after the Rent Commencement Date (“Termination Date”); provided, however, that Tenant delivers to Landlord (i) a written notice (“Termination Notice”) exercising its Termination Right no later than the date that is 6 months prior to the Termination Date, and (ii) concurrent with Tenant’s delivery to Landlord of the Termination Notice delivers funds in the amount of $250,000 (the “Early Termination Payment”). If Tenant timely and properly exercises the Termination Right, Tenant shall vacate the Premises and deliver possession thereof to Landlord in the condition required by the terms of this Lease on or before the Termination Date and Tenant shall have no further obligations under this Lease with respect to the Premises except for those accruing prior to the Termination Date and those which, pursuant to the terms of this Lease, survive the expiration or early termination of the Lease with respect to the Premises. If Tenant does not deliver to Landlord the Termination Notice and the Early Termination Payment within the time period provided in this paragraph, Tenant shall be deemed to have waived its Termination Right. Notwithstanding anything to the contrary contained herein, in no event shall this Section 41 apply to any ROFR Space that Tenant leases pursuant to Section 39.
Early Termination Right. In recognition of the additional risks to maintaining satellite operations beyond the specified design life of the Satellite, Buyer shall have the right, subject to the conditions specified in this Section 7.9, to terminate this Agreement [************************ *********************************] after the PAS-6 Delivery Date. Exercise of such termination rights by Buyer must occur, if at all, on or before the earlier of: (a) the [************************] of the PAS-6 Delivery Date; or (b) [*******************] PanAmSat notifies Buyer of PanAmSat's firm intention to launch a Successor Satellite, with the intention to place it into commercial service prior to the end of the [**********************] if Buyer exercises its termination right under this Section 7.9, but in no event shall such exercise decision be required earlier than [*********************************] PAS-6 Delivery Date. For the avoidance of doubt, such rights do not apply to PAS-6B, where (subject to Buyer's warranty rights under Section 7.6) the risks of such operation beyond [******] have been addressed differently in this Agreement.
Early Termination Right. Notwithstanding anything contained herein to the contrary, provided Tenant is not in default beyond any applicable cure period of this Lease, the original Tenant (and only the original Tenant) shall have the one time right to terminate this Lease effective as of the last day of the twenty-fourth (24th) full month after the Rent Commencement Date (“Termination Date”), by providing Landlord with written notice at least twelve (12) months prior to the Termination Date, and paying to Landlord concurrently with Tenant’s notice of its election to terminate this Lease, a termination fee (due with the notice) in an amount equal to the sum of three (3) months of Base Rent at the rate in effect on the Termination Date plus the unamortized transaction costs which include the any Tenant improvement allowance, the amount of any abated Base Rent during the Term, any Landlord construction costs for the Premises, attorney’s fees, and brokerage commissions paid or made available to Tenant in connection with this Lease, assuming the straight-line amortization of such costs, together with interest thereon at eight percent (8%) per annum, over the Term. Notwithstanding the payment of said termination fee, Tenant shall continue to be liable for all other obligations under this Lease which accrue prior to the Termination Date. In the event Tenant elects to terminate this Lease, all rent payable hereunder shall be paid through, and apportioned as of, the Termination Date, and neither Landlord nor Tenant shall have any rights, liabilities or obligations accruing under this Lease after the Termination Date, except for such rights and liabilities which, by the terms of this Lease, are to survive the expiration or earlier termination of this Lease. Time is of the essence with respect to Tenant’s termination rights hereunder. This Termination Right is personal to the Tenant named in this Lease.
Early Termination Right. Counterparty may elect to terminate this Transaction, in whole or in part, prior to the relevant Expiration Date, on terms acceptable to both parties, and, if such termination occurs following the payment of the premiums for all Components, without any payment being owed from Counterparty to Dealer.
Early Termination Right. Notwithstanding anything to the contrary set forth in this Lease, Tenant shall have the right to terminate this Lease at any time prior to the expiration of the Term hereof for any reason or no reason by providing written notice of such termination to Landlord at least sixty (60) days prior to the effective date thereof. In the event Tenant elects to terminate this Lease after construction has commenced but before a certificate of occupancy has been issued for the improvements constructed by Tenant on the Premises, thenLandlord may require Tenant to raze, clear and dispose of such improvements at Tenant’s cost and expense.
Early Termination Right. Notwithstanding anything to the contrary contained herein, AOL shall have the right to cancel this Agreement by providing MP with no less than thirty (30) days written notice, on the one (1) year anniversary of the Effective Date. In the event that AOL exercises its termination right pursuant to this Section 6.7, and provided that MP shall not have generated Transaction Revenues in excess of [***] as of the termination date, then AOL shall pay to MP [***] within thirty (30) days after the termination becomes effective, and MP shall not be required to make the payments provided for in Sections 4.1(iv)(b) and 4.1(v).
Early Termination Right. In the event that the Underlying Agreement terminates, this Agreement shall terminate contemporaneously. ECS shall give Styleclick prompt notice of any termination or anticipated termination of the Underlying Agreement.
Early Termination Right. With the written approval of a majority of the Independent Directors, Holdings may completely terminate this Agreement, as and to the extent provided herein, with respect to all amounts payable to RIHI by paying to RIHI the Early Termination Payment; provided, that any Early Termination Payment made to RIHI pursuant to this Section 4.1(a) is matched by an Early Termination Payment to WP under Section 4.1(a) of the WP TRA and in complete termination of the WP TRA, and provided, further, that Holdings may withdraw any notice to execute its termination rights under this Section 4.1(a) prior to the time at which any Early Termination Payment has been paid. Upon Holdings’ payment of the Early Termination Payment, Holdings shall not have any further payment obligations under this Agreement, other than with respect to any: (i) prior Tax Benefit Payments that are due and payable under this Agreement but that still remain unpaid as of the date of the Early Termination Notice; and (ii) current Tax Benefit Payment due for the Taxable Year ending with or including the date of the Early Termination Notice (except to the extent that the amount described in clause (ii) is included in the calculation of the Early Termination Payment). If a Sale subsequently occurs with respect to Common Units for which Holdings has exercised its termination rights under this Section 4.1(a), Holdings shall have no obligations under this Agreement with respect to such Sale.
Early Termination Right. Provided that Tenant is not in default under this Lease beyond any applicable notice and cure period as of the date of Tenant’s delivery of the “Termination Notice,” as that term is defined below, Tenant shall have the one-time right to terminate and cancel this Lease effective as of the eighth (8th) anniversary of the Commencement Date (the “Early Termination Date”), provided that (i) Landlord receives written notice (the “Termination Notice”) from Tenant on or before the date which is twelve (12) months prior to the Early Termination Date stating that Tenant is electing to terminate this Lease pursuant to the terms and conditions of this Section 2.7, and (ii) concurrently with Landlord’s receipt of the Termination Notice, Landlord receives from Tenant an amount equal to fifty percent (50%) of the “Termination Fee,” as that term is defined below, as consideration for and as a condition precedent to such early termination. The remaining fifty percent (50%) of the Termination Fee shall be paid to Landlord on or prior to the Early Termination Date. The “Termination Fee” shall be equal to the sum of the following:
Early Termination Right. Provided that at the time Tenant exercises any right under this section no uncured Event of Default exists, nor any condition exists that with the passage of time or the giving of notice or both would constitute an Event of Default under the Lease, Tenant shall have the right to terminate this Lease prior to its scheduled expiration by giving Landlord at least six months’ prior written notice of such termination (which notice must be given, for example, no later than January 31, 2013 in order to effect a termination on July 31, 2013). If Tenant exercises its right under this Section to terminate the Lease early, Tenant shall pay to Landlord an Early Termination Penalty, which Tenant must submit to Landlord at the time such notice is given, pursuant to following schedule: