Tenant’s Early Termination Right. Tenant may not terminate this Lease during the first thirty-six (36) months of the Initial Lease Term. Commencing on the first day of the thirty-seventh (37th) month of the Initial Lease Term, Tenant shall have the right to terminate this Lease with respect to the Premises, upon payment of a termination fee equal to the then current unamortized portion of all costs of this Lease, which are limited to the following: agreed and itemized tenant improvement costs, commissions paid to the Broker and agreed and itemized moving allowances, all of which are actually incurred by Owner (the "Termination Fee"). If Tenant elects to terminate this Lease with respect to the Premises, then Tenant shall deliver to Owner six (6) months prior written notice of such termination ("Tenant's Termination Notice") stating the intended termination date (the "Termination Date"). Within ten (10) days of receipt of Tenant's Termination Notice, Owner shall calculate the Termination Fee as of the Termination Date and so inform Tenant in writing ("Owner's Termination Fee Notice"). Within ten (10) days of receipt of Owner's Termination Fee Notice, Tenant shall deliver the Termination Fee to Owner. If Tenant fails to timely deliver the Termination Fee to Owner, then Tenant's termination right shall be automatically revoked and of no further force and effect. If Tenant's Termination Notice is timely delivered and the Termination Fee is timely paid, then on the Termination Date, this Lease shall terminate and be of no further force and effect. Notwithstanding the foregoing, Tenant shall not have any right to terminate this Lease during any Extended Term unless otherwise agreed by Owner in writing.
Tenant’s Early Termination Right. Tenant shall have the right to terminate this Lease upon not less than sixty (60) days advance Notice to Landlord at any time after any of the following events occur:
Tenant’s Early Termination Right. Tenant shall have the right to terminate this Lease with such termination effective at any time on or after the second (2nd) anniversary of the Commencement Date by delivering written notice of termination to Landlord. Such notice shall be effective only if it specifies the termination date for the Lease, which must be not less than three (3) months following Landlord’s receipt of such notice and is accompanied by Tenant’s payment of one-half of the Termination Payment (as defined below). The remaining one-half of the Termination Payment shall be paid on or before the termination date. As used herein, “Termination Payment” means: (i) the unamortized portion of the Tenant Improvement Cost and the Brokerage Commission, each of which shall be amortized monthly over the Initial Term of the Lease, together with interest on the amounts thereof at the rate of eight percent (8%) per annum; plus (ii) the amount of $14,056.00 representing the free rent granted to Tenant under Section 1(G) hereof.
Tenant’s Early Termination Right. Notwithstanding anything to the contrary contained in this Amendment (but subject to the terms of this Section 3), Tenant shall have a one-time right to terminate this Lease (“
Tenant’s Early Termination Right is personal to the undersigned (named) Tenant. If a Transfer occurs (other than to a Permitted Transferee), Tenant’s Early Termination Right shall thereupon be deemed null and void.
Tenant’s Early Termination Right. The Lease shall be amended by inserting the following in addition to all other provisions: "TENANT'
Tenant’s Early Termination Right for any reason or no reason, effective as of the last day of the twenty-fourth (24th) full calendar month of the 2A Extension Term (“TETR Termination Date”). Landlord and Tenant agree that Tenant’s Early Termination Right is subject to (and limited by) the following terms and conditions:
Tenant’s Early Termination Right. Tenant shall have the right on one occasion to terminate the Lease as to all or a portion of the Premises and its remaining term (the "TERMINATION OPTION"), which termination, if properly exercised, only shall be effective on a date (the "TERMINATION DATE") that is between the seventh (7th) and eighth (8th) anniversaries of the Complete Delivery Date.
Tenant’s Early Termination Right. Section 19.42 of the Lease is hereby -------------------------------- ------------- modified as follows: the date by which Landlord must record a deed of trust is changed from July 1, 1998, to July 15, 1998, and the date on or before which Tenant must give Landlord a Construction Failure Termination Notice is changed from July 15, 1998, to July 31, 1998.
Tenant’s Early Termination Right. Provided that Tenant is not in Default under the Lease, as hereby amended, as of the date of Tenant’s delivery of the “Termination Notice,” as that term is defined below, the “Original Tenant,” as that term is defined below, shall have the right to terminate the Lease, as hereby amended, with respect to the entire Premises, effective as of August 31, 2018 (the “Termination Date”), provided that (a) Landlord receives irrevocable written notice (the “Termination Notice”) from Tenant on or before August 31, 2017, stating that Tenant is electing to terminate the Lease, as hereby amended, pursuant to the terms and conditions of this Section 7, and (b) concurrent with Landlord’s receipt of the Termination Notice, Landlord receives from Tenant an amount equal to Three Million Nine Hundred Eighty-One Thousand Eight Hundred Seventeen and No/100 Dollars ($3,981,817.00) (the “Termination Fee”) as consideration for Tenant’s early termination of the Lease, as hereby amended. As used herein, “Original Tenant” shall mean 000 Xxxxxxxx Xxxxx [Broadcom Corporation]
