Option for Early Termination Sample Clauses

Option for Early Termination a. Landlord hereby grants to Tenant the option to terminate this Lease at the end of month thirty-six (36) of the Term, upon the terms and conditions contained in this Lease and each and all of the following terms and conditions:
Sample 1Sample 2
AutoNDA by SimpleDocs
Option for Early Termination. Tenant shall have the right and option to terminate the Lease Term early, with such termination to be effective at any time after the June 29, 2008. Such option shall be exercised by Tenant giving written notice of Tenant's election to terminate early and setting forth a new Expiration Date, which new Expiration Date shall not be earlier than June 29, 2008. Such notice must be given to Landlord not later than 9 months prior to such new Expiration Date. If Tenant gives such notice, Tenant shall pay, as a termination fee the sum of $465,000.00 on the new Expiration Date.
Sample 1
Option for Early Termination. Provided this Lease is then in full force and effect and Tenant is not in default of this Lease (beyond any applicable notice and cure period), Landlord hereby grants Tenant a one time right to terminate this Lease after the 74/th/ full calendar month of the Lease term, provided that: (i) Tenant notifies Landlord in writing no more than 15 months and no less than 12 months prior to the end of the 74th full calendar month of the Lease term of Tenant's desire to terminate this Lease under the terms of this paragraph; and (ii) concurrently with the aforementioned notice pays to Landlord a termination fee of Five Hundred Thousand Dollars and 00/100 ($500,000.00).
Sample 1
Option for Early Termination. Each Party will have an annual option to terminate the Agreement, on January 1 of each year beginning January 1, 2020, for a termination date effective June 30 of the year in which the notice is given. If notice is timely provided by either Party, the Parties agree to meet and discuss, through the Technical Advisory Group whether amendment of the agreement in lieu of termination can address Parties’ concerns with continuation of the Agreement and the Recycled Water Advisory Committee shall be provided with an opportunity to make a recommendation to the Parties’ governing bodies with respect to termination.
Sample 1
Option for Early Termination. (i) Provided that Tenant is not in default in the performance or observance of any of its obligations pursuant to this Lease beyond the expiration of any applicable notice and cure periods, Tenant shall have the one (1) time right to terminate this Lease by sending Landlord written notice of Tenant’s election to terminate the Lease following the expiration of the seventh (7th) Lease Year. Tenant shall send Landlord notice of its intent to termination the Lease not less than six (6) months prior to the expiration of the seventh (7th) Lease Year (the “Termination Notice”), TIME BEING OF THE ESSENCE. The termination date shall be the expiration of the seventh (7th) Lease Year (the “Early Termination Date”) and Tenant shall continue to pay all Rent and other sums due under the Lease up and through the Early Termination Date. Tenant’s termination right is further contingent upon receipt of payment and satisfaction in full of the following: an amount equal to the Landlord’s unamortized Transaction Costs to be paid within ten (10) days following Tenant’s receipt of Landlord’s statement of the amount of the Unamortized Transaction Costs. The failure to satisfy in full the aforesaid conditions strictly in accordance with the preceding sentence shall render the Termination Notice of no force or effect. “
Sample 1
Option for Early Termination. So long as Tenant is not in default hereof effective as of the end of the 38th month of the Lease Term, Tenant shall be entitled to the one time right to cancel this lease provided Tenant has given Landlord written notice of the exercise of this option on or before the end of the 35th month of the Lease Term and Tenant has made a simultaneous cash payment of an early termination cancellation charge. An early termination-cancellation charge calculated in accordance with Exhibit "F" attached hereto and incorporated herein by reference shall be assessed for the recovery of the unamortized Tenant improvements and unrealized rental. This early termination charge shall in no way relieve Tenant of the responsibility to Landlord to leave the Demised Premises in good condition and order, less normal wear and tear, and clean and free from trash and debris.
Sample 1
Option for Early Termination. 38. Tenant shall have the option to terminate its tenancy effective as of December 30, 2019 (i.e. the end of the sixth (6th) month of the original term of this Lease) provided that Tenant has notified Landlord in writing (in accordance with Section 40 hereof) and Landlord has received such Notice at least two (2) months prior (i.e. on or before October 30, 2019), and further provided that Tenant shall not default pursuant to the terms of this Lease.
Sample 1
AutoNDA by SimpleDocs
Option for Early Termination. Either party may terminate this Lease without cause.
Sample 1

Related to Option for Early Termination

  • Early Termination In the absence of any material breach of this Agreement, should the Trust elect to terminate this Agreement prior to the end of the term, the Trust agrees to pay the following fees:

  • Early Termination of Option The Option, to the extent not previously exercised, and all other rights in respect thereof, whether vested and exercisable or not, shall terminate and become null and void prior to the Expiration Date in the event of: • the termination of the Participant’s employment or services as provided in Section 5.6 of the Plan, or • the termination of the Option pursuant to Section 7.3 of the Plan.

  • Early Termination Benefit If Early Termination occurs, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

  • Early Termination Right Tenant shall have the right, subject to the provisions of this Section 39, to terminate this Lease (“Termination Right”) with respect to the entire Premises only as of July 31, 2021 (“Early Termination Date”), so long as Tenant delivers to Landlord (i) a written notice (“Termination Notice”), of its election to exercise its Termination Right no less than 12 months in advance of the Early Termination Date, and (ii) concurrent with Tenant’s delivery of the Termination Notice to Landlord, an early termination payment equal to the sum of (1) the unamortized amount of the Tenant Improvement Allowance actually disbursed by Landlord as of the Early Termination Date with amortization calculated on a straight line basis from the Commencement Date through the Base Term, (2) all of the unamortized leasing commissions paid by Landlord in connection with this Lease as of the Early Termination Date, with amortization calculated on a straight line basis from the Commencement Date through the Base Term, (3) the unamortized amount as of the Early Termination Date of the Additional Tenant Improvement Allowance actually disbursed by Landlord to Tenant, if any, with amortization calculated on a straight line basis from the Commencement Date through the Base Term, (4) the unamortized amount of the Base Rent that would have been payable during the Abatement Period had such amounts not been abated, with amortization calculated on a straight line basis from the Commencement Date through the Base Term, and (5) an amount equal to 4 months of Base Rent that would have been payable for the 4 months immediately following the Early Termination Date (collectively, 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 Early Termination Date and Tenant shall have no further obligations under this Lease except for those accruing prior to the Early Termination Date and those which, pursuant to the terms of this Lease, survive the expiration or early termination of this Lease. 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 and the provisions of this Section 39 shall have no further force or effect.

  • Early Termination Option (a) Subject to the first sentence of Section 15.2 and the limitations contained in Section 14.1(b), on any day (the “Early Termination Payment Date”) after the Delivery Date and so long as Lessee has not delivered written notice that it intends to exercise the Sale Option, Lessee may, at its option, upon at least 30 days advance written notice to Agent and Lessor, purchase one or more Items of Equipment for a purchase price equal to the Early Termination Purchase Amount plus any Break Funding Amounts, if any (the “Early Termination Option”). Upon the payment of the Early Termination Purchase Amount by Lessee in accordance with the provisions of the preceding sentence, Lessor shall execute and deliver to Lessee such documents as may be reasonably requested to release or evidence the release of the Item or Items of Equipment subject to the Early Termination Option from the terms and scope of this Lease and the other Operative Documents (without representations or warranties, except that the Items of Equipment are free and clear of Lessor Liens attributable to Lessor), in such form as may be reasonably requested by Lessee, all at Lessee’s sole cost and expense. If Lessee has elected the Early Termination Option with respect to one or more Items of Equipment, Lessee shall continue to make all payments of Rent due under this Lease until and including the Early Termination Payment Date. Upon payment of the Early Termination Purchase Amount in respect of such Items of Equipment together with all Basic Rent and Supplemental Rent then due and owing, the remaining scheduled Basic Rent payments under this Lease shall be reduced by an amount equal to the product of the scheduled amount of each such remaining Basic Rent payment (determined in each case prior to the receipt of such Early Termination Purchase Amount), multiplied by the Item Value Fraction of the Item or Items of Equipment subject to such early termination. In the event Lessee shall elect the Early Termination Option with respect to all of the Items of Equipment, the obligation of Lessee to pay Rent hereunder shall cease and the term of this Lease shall end on the date of such payment.

  • Early Termination of Services Termination at any time upon thirty (30) days’ prior written notice; provided, however, that the Services set forth in this Schedule may be terminated with respect to a particular country without such Services being terminated with respect to any other country. Notwithstanding the second sentence of Section 4(b) of the Agreement, individual Services within this Schedule may be terminated on a per country basis without all other Services being simultaneously terminated. Following the written notice period and coinciding with the early termination by the Recipient of any Service(s) in this Schedule, Early Termination Fees equal to 75% of the monthly cost of such terminated Services shall be charged to Recipient monthly until the earlier of (i) one (1) month after termination or (ii) the expiration of the Term of this Schedule.

  • Payment on Early Termination Upon termination pursuant to Section 14 (Early Termination), District shall pay Contractor as follows:

  • Early Termination of Agreement This Agreement may be terminated prior to the expiration of its term by:

  • Payment upon Early Termination (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

  • Early Termination of Employment In addition to any Termination of Employment of Executive as a Retired Early Employee under Paragraph 6 of this Agreement, a Termination of Employment of Executive may occur prior to the normal expiration of the Term under the circumstances and with the consequences set forth below.

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