Right of Early Termination. Landlord grants to Tenant the right to terminate this Lease as of June 30, 2023 (the “Early Termination Date”), on the following conditions:
Right of Early Termination. If Landlord cancels or terminates the Master Services Agreement (or if Tenant terminates pursuant to a right of Tenant to terminate because Landlord is in default beyond applicable cure periods) and such cancellation or termination is effective prior to the Stated Expiration Date, then Tenant may elect either to (i) terminate this Lease; or (ii) remain in the Premises for the remainder of the initial Term. If Tenant elects to terminate, such election shall be exercised by written notice provided to Landlord not later than thirty (30) days following the date of such cancellation or termination of the Master Services Agreement. If Tenant elects to terminate this Lease, Tenant may also elect, within the same written notice, to holdover for a period not to exceed six (6) calendar months following the date of such termination. Upon such early termination, Landlord shall reimburse Tenant for the Base Rent allocable to the Initial Premises only for the portion of the initial Term of this Lease (up to the Stated Expiration Date) which remains following the date Tenant vacates the entire Premises, at the annual rate of [***]* per square foot discounted to net present value at the ninety (90) day LIBOR rate as of the date Tenant vacates the entire Premises. Such reimbursement of Base Rent shall be payable within ninety (90) days after (i) this Lease has terminated, or (ii) Tenant has vacated the Premises, whichever shall be later. If Tenant elects to holdover as provided above, and the holdover period extends beyond the Stated Expiration Date, then Tenant shall pay Base Rent during such extended period equal to the Market Rate determined in accordance with the provisions of Exhibit E only for the portion of such holdover period which extends beyond the Stated Expiration Date.
Right of Early Termination. The City may terminate this Agreement for convenience at any time upon not less than sixty (60) days written notice of its intention to terminate; EnviroCentre may terminate this Agreement for convenience at any time upon not less than sixty (60) days written notice of its intention to terminate; In the event of a termination notice being given by either party:
Right of Early Termination. (A) Tenant shall have the right to cancel this Lease, effective on or after April 30, 2021 with nine (9) months prior written notice, accompanied by a bank check for the sum of the following: (i) the unamortized free fixed rent and OWNER’s Work; and (ii) an amount equal to six (6) months of the then escalated rent as specified in subparagraph 41(B) as of the date of the required notice, minus the electrical inclusion referenced in subparagraph 4l(E) hereof, as shown in Schedule “B” annexed hereto. Notice may not be given prior to July 31, 2020.
Right of Early Termination. Until the issuance of the Notice to Proceed, the Owner, without cause, shall have the right to terminate the Contract by giving notice of termination to the Contractor, which termination shall be effective, unless otherwise indicated in the notice, as of the date of receipt.
Right of Early Termination. Provided the Lessee is not and has not been in default under the terms and conditions of the Lease, it shall have a Right of Early Termination of this Lease. The notice may only be given after the Eighteenth (18th) month of the Term is completed. Lessee must advise Lessor of its intention to terminate with a Six (6) months written notice, failing which, the Right of Early Termination will be null and void. Therefore, the earliest date Lessee can move out of the Premises is June 30th, 2013.
Right of Early Termination. Article 7 of the First Addendum to the Lease - Additional Premises and Renewal of the Combined Premises dated January 19th, 2011 is hereby deleted.
Right of Early Termination. The effective term of this contract shall be compulsory for THE PROMISSOR and voluntary for THE EXPLORATION COMPANY, which in consequence, may terminate it at any time by giving THE PROMISSOR written notification thirty days prior to the termination date. Nevertheless, THE PROMISSOR shall also have the right to terminate this contract at any time when THE EXPLORATION COMPANY should fail to comply with any of the obligations agreed hereby.
Right of Early Termination. A. It is agreed between the parties that this Lease may be terminated by LANDLORD, if LANDLORD determines at any time that the use by TENANT of the leased premises is violative of any laws of the United States and/or the State of Maryland, or nay of the existing rules or regulations of LANDLORD established for shared space of school facilities by non-commercial users. Under such circumstance, LANDLORD reserves unto itself the right to cause the termination of the Agreement upon twenty-four
Right of Early Termination. If Landlord cancels or terminates the Master Services Agreement (or if Tenant terminates pursuant to a right of Tenant to terminate because Landlord is in default beyond applicable cure periods) and such cancellation or termination is effective prior to the expiration date of the then current Renewal Term, then Tenant may elect either to (i) terminate this Lease; or (ii) remain in the Premises for the remainder of the initial Term. If Tenant elects to terminate, such election shall be exercised by written notice provided to Landlord not later than thirty (30) days following the date of such cancellation or termination of the Master Services Agreement. If Tenant elects to terminate this Lease, Tenant may also elect, within the same written notice, to holdover for a period not to exceed six (6) calendar months following the date of such termination. Tenant shall pay Base Rent during such extended period equal to the Market Rate determined in accordance with the provisions of Exhibit I.
