Common use of Option to Terminate the Lease Clause in Contracts

Option to Terminate the Lease. Upon the occurrence and during the continuance of a Xxxxx 0 Xxxxxx Xxxxxxx, Xxxxxxxx may give Tenant written notice of Landlord’s intention to terminate this Lease as a result of such Xxxxx 0 Xxxxxx Xxxxxxx (except for the terms and provisions hereof which survive termination) on a date specified in such notice (which date shall be no sooner than ten (10) days after the date of the notice), in which case, upon the date therein specified, the Term and the estate hereby granted shall expire and terminate as if such date were the date hereinabove fixed for the expiration of the Term except the terms and provisions hereof which survive the Term. Upon such termination, Tenant shall surrender possession of the Leased Property to Landlord and Landlord may take possession of the same on the termination date without being deemed guilty in any manner of trespass or becoming liable for any loss or damage resulting therefrom, without resort to legal or judicial process, procedure or action. If Landlord so terminates this Lease, Landlord may, as full and complete damages for such Xxxxx 0 Xxxxxx Xxxxxxx, bring an action against Tenant for any or all of the following:

Option to Terminate the Lease. Upon the occurrence and during the continuance of a Xxxxx Lxxxx 0 Xxxxxx Xxxxxxx, Xxxxxxxx may give Tenant written notice of Landlord’s intention to terminate this Lease as a result of such Xxxxx Lxxxx 0 Xxxxxx Xxxxxxx (except for the terms and provisions hereof which survive termination) on a date specified in such notice (which date shall be no sooner than ten (10) days after the date of the notice), in which case, upon the date therein specified, the Term and the estate hereby granted shall expire and terminate as if such date were the date hereinabove fixed for the expiration of the Term except the terms and provisions hereof which survive the Term. Upon such termination, Tenant shall surrender possession of the Leased Property to Landlord and Landlord may take possession of the same on the termination date without being deemed guilty in any manner of trespass or becoming liable for any loss or damage resulting therefrom, without resort to legal or judicial process, procedure or action. If Landlord so terminates this Lease, Landlord may, as full and complete damages for such Xxxxx Lxxxx 0 Xxxxxx Xxxxxxx, bring an action against Tenant for any or all of the following:

Option to Terminate the Lease. Upon the occurrence and during the continuance of a Xxxxx 0 Xxxxxx XxxxxxxLevel 1 Lessee Default, Xxxxxxxx Lessor may give Tenant Lessee written notice of LandlordLessor’s intention to terminate this Lease as a result of such Xxxxx Lxxxx 0 Xxxxxx Xxxxxxx (except for the terms and provisions hereof which survive termination) on a date specified in such notice (which date shall be no sooner than ten sixty (1060) days after the date of the notice), in which case, upon the date therein specified, the Term and the estate hereby granted shall expire and terminate as if such date were the date hereinabove fixed for the expiration of the Term except the terms and provisions hereof which survive the Lease Term. Upon such termination, Tenant Lessee shall surrender possession of the Leased Property to Landlord Lessor and Landlord Lessor may take possession of the same on the termination date without being deemed guilty in any manner of trespass or becoming liable for any loss or damage resulting therefrom, without resort to legal or judicial process, procedure or action. If Landlord Lessor so terminates this Lease, Landlord Lessor may, as full and complete damages for such Xxxxx Lxxxx 0 Xxxxxx Xxxxxxx, bring an action against Tenant Lessee for any or all of the following:

Option to Terminate the Lease. Upon the occurrence and during the continuance of a Xxxxx 0 Xxxxxx XxxxxxxLevel 1 Lessee Default, Xxxxxxxx Lessor may give Tenant Lessee written notice of LandlordLessor’s intention to terminate this Lease as a result of such Xxxxx 0 Xxxxxx Xxxxxxx (except for the terms and provisions hereof which survive termination) on a date specified in such notice (which date shall be no sooner than ten sixty (1060) days after the date of the notice), in which case, upon the date therein specified, the Term and the estate hereby granted shall expire and terminate as if such date were the date hereinabove fixed for the expiration of the Term except the terms and provisions hereof which survive the Lease Term. Upon such termination, Tenant Lessee shall surrender possession of the Leased Property to Landlord Lessor and Landlord Lessor may take possession of the same on the termination date without being deemed guilty in any manner of trespass or becoming liable for any loss or damage resulting therefrom, without resort to legal or judicial process, procedure or action. If Landlord Lessor so terminates this Lease, Landlord Lessor may, as full and complete damages for such Xxxxx 0 Xxxxxx Xxxxxxx, bring an action against Tenant Lessee for any or all of the following: