Option to Terminate Sample Clauses

Option to Terminate. The Client and Contractor shall: (check one) ☐ - Have the option to terminate this Agreement at any time by providing _ _ dayswritten notice. ☐ - Not have the option to terminate this Agreement unless there is reasonable cause, as defined in Section VII.
Option to Terminate. If Dell removes a material feature or materially reduces the functionality of the APEX Service, then You will have the right to terminate the Order for the APEX Service by notifying Dell within 30 days from the date of Dell’s modification notice. If You elect to terminate that Order, then termination occurs on: (a) the date Dell receives Your notice of termination; or (b) any later date You specify in Your notice (though this date must not occur more than 90 days after the date Dell receives Your termination notice).
Option to Terminate. It is understood and agreed that if either (1) the Improvements are damaged or destroyed within two (2) years of the then scheduled expiration date of the Lease Term, and if the extent of such damage or destruction is such that the cost of restoration would exceed ten percent (10%) of the amount it would have cost to replace the Improvements on the Property in their entirety at the time such damage or destruction took place, or (2) the Improvements are damaged or destroyed (partially or totally) by an uninsured casualty and if the extent of such damage or destruction is such that the cost of restoration would exceed ten percent (10%) of the amount it would have cost to replace the Improvements on the Property in their entirety at the time such damage or destruction took place, then, and in either of such event, Tenant may terminate this Lease as of the date of termination indicated by giving written notice to Landlord within ninety (90) days after the date of the casualty, specifying a date of termination within ninety (90) days after the date of such notice, provided that any Annual Rent attributable to the percentage, if any, referred to in Exhibit B shall not be prorated but due in full for the lease year. If Tenant so elects to terminate, then Tenant shall utilize insurance proceeds, if any, to pay off and discharge any Leasehold Mortgage and any remaining insurance proceeds shall be paid to Landlord less the unamortized value of any portion of Improvements constructed by Tenant during the Lease Term, based upon the remaining adjusted basis in such Improvements for federal income tax purposes.
Option to Terminate. Tenant shall have the one-time right to terminate the Lease and surrender possession of the Premises at the end of the thirty-sixth (36th) month following the Rent Commencement Date (the “Termination Date”) by providing written notice to Landlord of its intent to terminate (the “Termination Notice”) on or before nine (9) months prior to the Termination Date (the “Option Date”), together with a payment in the amount of $106,037.50 representing one-half (1/2) of the $212,075.00 termination fee (the “Termination Fee”) accompanying the Termination Notice. The second installment of the Termination Fee in the amount of $106,037.50 shall be due and payable on the Termination Date. The Termination Fee equals the sum of (a) a penalty in the amount of $21,000.00, (b) unamortized leasing commissions paid by Landlord in the amount of $48,312.00, and (c) the unamortized cost of the Landlord Improvements in the amount of $142,763.00 (based upon the estimated cost of that portion of the Landlord Improvements that are specific to Tenant’s use). At such time as the actual cost of the Landlord Improvements is determined, the Termination Fee shall be re-calculated by Landlord and notice of same shall be furnished to Tenant. Effective on the Termination Date, Tenant shall surrender the Premises in the condition required hereunder and the rights, liabilities and obligations of the parties hereunder shall cease and terminate, except that: (a) each party shall remain liable for all outstanding amounts due under the Lease and other obligations owing under the Lease that have accrued on or prior to the Termination Date, and (b) all obligations of the parties under the Lease, including Tenant’s environmental indemnification of Landlord, accruing on or prior to the date that Tenant vacates the Premises or arising out of Tenant’s occupancy of the Premises, shall remain in full force and effect. In the event the Termination Notice and the first installment of the Termination Fee are not delivered to Landlord on or before the Option Date or the second half installment of the Termination Fee is not delivered to Landlord on or before the Termination Date, the option to terminate contained within this Paragraph 27 shall be null and void and of no further force or effect and the Lease shall continue in accordance with its terms. 28.
Option to Terminate. If Dell removes a material feature or materially reduces the functionality of the APEX Service, then You will have the right to terminate the Order for the APEX Service if Customer chooses to terminate its order for the APEX Service with Reseller and Reseller chooses to terminate its order of the APEX Service with You by notifying Dell within 30 days from the date of Dell’s modification notice. If You elect to terminate that Order, then termination occurs on:
Option to Terminate. So long as no Event of Default shall have occurred and be continuing, the Lessee shall have the right, at its option, on any Termination Date, on no more than 180 days' and at least 90 days' irrevocable (except as provided herein) prior written notice (which notice shall state the Proposed Termination Date) to the Lessor and the Owner Participant to terminate this Lease as of a Termination Date if the Aircraft shall have become obsolete or surplus to the operations of the Lessee; provided that the Lessee shall have furnished to the Lessor, the Indenture Trustee and the Owner Participant a certificate of the Lessee's President, Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Treasurer or Assistant Treasurer stating the determination of the Lessee that the Aircraft is obsolete or surplus to its needs. Unless the Lessor has elected to retain the Aircraft as herein provided, the Lessee shall have the right on one occasion to revoke its notice of termination no later than the Business Day prior to the date 15 days prior to the Proposed Termination Date whereupon this Lease shall continue in full force and effect.
Option to Terminate. Except as set forth below, Tenant shall have the option to terminate this Lease with an effective date of termination ("Early Termination Date") any time after August 31, 2003. Tenant may exercise such option by giving Landlord written notice ("Termination Notice") at any time on or after May 1, 2003. Such notice shall specify the (i) Early Termination Date, which date shall be less than 120 days of delivery of the Termination Notice (the "Option Period") and (ii) the amount of additional space desired by Tenant. If Landlord is able to locate suitable expansion space for Tenant adjacent to the Leased Premises or in other space in the project and Landlord and Tenant mutually agree in writing on the lease terms and conditions for such expansion space within the Option Period, then the Termination Notice shall not be effective to terminate this Lease. If the expansion space is not located on the same floor as and contiguous to the Leased Premises, then any alternative space proposed by Landlord must be: (i) a single, contiguous block of space on a single floor in the Project and (ii) large enough to accommodate the Expanded Premises and the amount of additional space desired by Tenant. If no such written agreement is executed within the Option Period, then this Lease shall terminate on the Early Termination Date. Tenant agrees to pay Landlord an amount equal to $10,315.68 (Termination Fee). The Termination Notice shall be valid only if accompanied by a cashier's check in the amount of the Termination Fee. If this Lease is not terminated, then the Termination Fee shall be refunded to Tenant upon the parties written agreement regarding expansion space. If all of the foregoing conditions are timely satisfied by Tenant, and if Tenant pays all rent (including Base Rent and any additional Rent), Tenant's Pro Rata Share of Excess Operating Costs, and any other charges or costs owing under this Lease through such Early Termination Date, this Lease shall terminate on the Early Termination Date as if such date were the Lease Expiration Date, this Lease shall Terminate on the Early Termination Date as if such date were the Lease Expiration Date. The foregoing option and rights are subject to there having been no uncured and continuing Event of Default on the part of the Tenant under the Lease, are personal to the original Tenant executing the Lease, may not be assigned, and shall be available to, and exercisable by, Tenant only when the original Tenant is in actual poss...
Option to Terminate. If Delivery of Product is suspended or reduced pursuant to an event or act of force majeure of SELLER for more than [ - - - ], HECO shall have the option while such suspension or reduction continues to terminate this Contract on written notice to SELLER. If HECO terminates this Contract pursuant to this Section 10.2 (Option to Terminate), then this Contract shall be of no further force and effect and the Parties shall each be relieved of any and all further obligations to each other, save and except for any obligations and liabilities incurred by a Party prior to the date of termination.
Option to Terminate. From time to time (including without limitation any time during which there may be subsisting an Event of Default) and at any time upon at least thirty days-notice, the Company may terminate this Fee Agreement with respect to the entire Project or any portion thereof. Upon termination of all or part of this Fee Agreement, the Company will become liable for ad valorem property taxes, or payments-in-lieu-of-taxes pursuant to the Multi-County Park Act, as the case may be, on the Project or such portion thereof as is so terminated from inclusion in the Project, as well as for any amounts already due and owing under this Fee Agreement, which latter amounts, if any, shall be paid to the County with the next installment of Payments-in-Lieu-of-Taxes pursuant to Section 5.1, or, if the termination is of the entire Project, then within one hundred eighty (180) days of termination.
Option to Terminate. If the Improvements are damaged or destroyed to the extent that the same cannot, with reasonable diligence, be fully repaired or restored by Landlord within one hundred eighty (180) days after the date of the damage or destruction, Tenant shall have the option to terminate this Lease by written notice given to Landlord within thirty (30) days after the date of the damage or destruction. If the Building, including the Premises, can be fully repaired or restored within the one hundred eighty (180) day period, or if it is determined that such repair or restoration cannot be made within said period but Tenant does not elect to terminate within thirty (30) days from the date of said damage or destruction, this Lease shall remain in full force and effect and Landlord shall diligently repair and restore the damage as soon as reasonably possible.