Common use of Non-Default Termination Clause in Contracts

Non-Default Termination. In response to a written request from Xxxxxx asking to surrender the leasehold, State may terminate all or part of this Lease upon satisfaction by Lessee of all outstanding rents, duties, and obligations. The State may condition the surrender upon Xxxxxx’s acknowledgement of the continuation of any obligations that survive termination of this Lease pursuant to Section 4.07. This Lease, or any portion thereof, is also subject to termination on one hundred eighty (180) days’ written notice if State includes the Premises in a plan for higher and better use, land exchange, or sale. State will provide written documentation along with the notice, demonstrating that the State has included the leased land in a plan for higher use, land exchange or sale. The Lessee will be allowed to use the Premises for the remainder of the current grazing season for grazing purposes and/or for the remainder of the farming season to harvest any permitted crop, subject to the permitted use(s) set forth in Subsection 1.04. State will compensate Lessee as provided under RCW 79.13.420, as may be amended or recodified during the term of this lease. State’s compensation of Lessee shall be Xxxxxx’s sole financial remedy based on State’s early termination for a higher and better use, land exchange, or sale.

Appears in 5 contracts

Samples: Dryland Cash Lease, Dryland Cash Lease, Dryland Cropshare Lease

AutoNDA by SimpleDocs

Non-Default Termination. In response to a written request from Xxxxxx Lessee asking to surrender the leasehold, State may terminate all or part of this Lease upon satisfaction by Lessee of all outstanding rents, duties, and obligations. The State may condition the surrender upon XxxxxxLessee’s acknowledgement of the continuation of any obligations that survive termination of this Lease pursuant to Section 4.07. This Lease, or any portion thereof, is also subject to termination on one hundred eighty (180) days’ written notice if State includes the Premises in a plan for higher and better use, land exchange, or sale. State will provide written documentation along with the notice, demonstrating that the State has included the leased land in a plan for higher use, land exchange or sale. The Lessee will be allowed to use the Premises for the remainder of the current grazing season for grazing purposes and/or for the remainder of the farming season to harvest any permitted crop, subject to the permitted use(s) set forth in Subsection 1.04. State will compensate Lessee as provided under RCW 79.13.420, as may be amended or recodified during the term of this lease. State’s compensation of Lessee shall be XxxxxxLessee’s sole financial remedy based on State’s early termination for a higher and better use, land exchange, or sale.

Appears in 2 contracts

Samples: Dryland Ag Cash Lease, Dryland Ag Cash Lease

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.