TENANT’S OPTION TO BREAK Sample Clauses

TENANT’S OPTION TO BREAK. 8.1 Subject to Clause 8.2, if the Tenant gives to the Landlord not less than 12 months' prior written notice before a Break Date then this Lease and the Contractual Term shall come to an end on the next relevant Break Date without prejudice to the parties' subsisting rights of action.
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TENANT’S OPTION TO BREAK. 44.1 The Tenant may terminate this lease on the Break Date by giving to the Landlord not less than six months’ written notice.
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TENANT’S OPTION TO BREAK. 15.1 If the Tenant shall desire to determine the term hereby granted at any time after the end of the six months from the date of this lease and shall give to the Landlord at least three months previous notice in writing of such desire ("the Break Notice") and the Tenant shall up to the expiry of the Break Notice have paid the Annual Rent and Service Charge applicable to the period from the date of this lease to the expiry of the Break Notice and shall deliver up possession on the expiry of the Break Notice then at the expiry of the Break Notice the present demise and everything herein contained shall be void and cease but without prejudice to the rights and remedies of either party in respect of any antecedent claim or breach of covenant
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TENANT’S OPTION TO BREAK. The Tenant shall be entitled to determine this Lease on the Determination Date if: it first gives the Landlord not less than six (6) months’ prior written notice to that effect; at the date of the expiry of the notice there are no outstanding arrears of the Annual Rent due up to and including the Break Date(whether formally or legally demanded or not); and on the Break Date the whole of the Property is given back to the Landlord free of the Tenant’s occupation and the occupation of any other lawful occupier and without any continuing underleases. The determination of this Lease pursuant to clause 43.1 shall be without prejudice to any right of action of the either party in respect of any breach non-observance or non-performance of the other party’s covenants agreements or conditions contained in this Lease. If this Lease terminates in accordance with clause 43.1 then, within 14 days after the Determination Date, the Landlord shall refund to the Tenant the proportion of the Annual Rent, Insurance Rent, Service Charge and any VAT which has been paid in advance by the Tenant in respect of them, which relate to any period after but excluding the Determination Date calculated on a daily basis. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 A person who is not a party to this lease shall not have any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this lease. This document has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it. Schedule 1 – Guarantee and indemnity GUARANTEE AND INDEMNITY The Guarantor guarantees to the Landlord that the Tenant shall: pay the rents reserved by this lease and observe and perform the tenant covenants of this lease and that if the Tenant fails to pay any of those rents or to observe or perform any of those tenant covenants, the Guarantor shall pay or observe and perform them; and observe and perform any obligations the Tenant enters into in an authorised guarantee agreement made in respect of this lease (the Authorised Guarantee Agreement) and that if the Tenant fails to do so, the Guarantor shall observe and perform those obligations. The Guarantor covenants with the Landlord as principal obligor and as a separate and independent obligation and liability from its obligations and liabilities under paragraph 1.1 to indemnify and keep indemnified the Landlord against any failure by the Tenant: to pay any of the rents reserved by this lease or any failu...
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TENANT’S OPTION TO BREAK. 19.1 The Tenant may determine this lease at any time during the Term by giving to the Landlord not less than two months' prior written notice and upon the expiry of such notice the Term will end but without prejudice to the rights of either party in respect of any antecedent claim or breach of covenant arising under this Lease.
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TENANT’S OPTION TO BREAK. Provided there are no arrears of Rent the Tenant may determine this Lease on the expiration of the fifth year of the term by giving to the Landlord not less than six months prior written notice and on expiry of such notice the term shall cease and determine but without prejudice to any rights or remedies that may have accrue to either party to this Lease.
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TENANT’S OPTION TO BREAK. 8.l If the Tenant shall desire to determine the Term on the 4 January 2015 (“the Break Date”) (time being of the essence for such date) and shall give to the Landlord at least six months’ prior written notice to that effect (time being of the essence for such notice) then subject to the Pre-Conditions (as hereinafter defined) being satisfied the Term shall thereupon cease and determine but without prejudice to any rights or liabilities of either party in respect of any antecedent breaches of covenant by the other
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Related to TENANT’S OPTION TO BREAK

  • OPTION TO RENEW Provided Tenant is not, and has not been (more than two (2) times), in default under any of the terms and conditions contained herein, Tenant shall have two (2) additional consecutive five (5) year options to renew and extend the Rental Term as provided herein (“Option”). The Option shall only be exercised by Tenant delivering written notice thereof to Landlord no earlier than the date which is twelve (12) months prior to the expiration of the Rental Term and no later than the date which is nine (9) months prior to the expiration of the Rental Term (the “Option Notice”). The Base Monthly Rent during the first year of each extension periods shall be the lesser of: (i) the then current Fair Market Rate (as defined) for comparable space within the Project, and (ii) the Base Monthly Rent then in effect for the Leased Premises during the last month of the initial Rental Term (increasing each year thereafter by 3%, compounded). “Fair Market Rate” means the market rate for rent chargeable for the Leased Premises based upon the following factors applicable to the Leased Premises or any comparable premises: rent, escalation, term, size, expense stop, tenant allowance, existing tenant finishes, parking availability, and location and proximity to services. Within thirty (30) days of Option Notice, Tenant shall notify Landlord of Tenant’s option of Fair Market Rate for the applicable renewal period. If Landlord disagrees with Tenant’s opinion of the Fair Market Rate, Landlord shall notify Tenant of Landlord’s opinion of Fair Market Rate within fifteen (15) days after receipt of Tenant’s opinion of Fair Market Rate (“Landlord’s Value Notice”). If the parties are unable to resolve their differences within thirty (30) days thereafter, Landlord or Tenant, at its sole option, may terminate this Lease, effective as of the last day of the then-current Rental Term. Alternatively, Tenant and Landlord may mutually agree to submit the determination of Fair Market Rate to a “Market Assessment Process,” as provided in Exhibit “F” – Market Assessment Process.

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