Common use of Extraordinary Termination Clause in Contracts

Extraordinary Termination. Axius SA is entitled to terminate the contract immediately if the tenant fails to meet its payment obligations despite a warning and / or property rights of Axius SA are compromised or threatened in any way whatsoever. In case of early termination of the contract for the reasons described in the preceding paragraph, Axius SA is entitled to remove immediately the subject of the lease, claiming the fees due, plus any arrears interests, and claim damages interests. In this case an amount equal to the remaining months of rental and contractual penalty as defined in section 160 of the CO without prejudice to the right to claim additional damages interests. The tenant is entitled to terminate the lease at the end of an accounting period, in writing and in accordance with a notice period of ninety days, if Axius SA fails to meet its contractual obligations.