Common use of Termination by Lessee Clause in Contracts

Termination by Lessee. Lessee shall have the right, at its option, to terminate this Lease Agreement, with or without cause, at any time after the Primary Term hereof by giving at least six (6) months prior written notice to Lessor. Lessee does not have the right to terminate this Lease Agreement during the Primary Term. Upon any termination by Lessee, except for the rights set forth in Sections 14 and 15, all rights and obligations of the parties hereunder shall cease, except for rights or obligations which accrued prior to the effective date of such termination.

Appears in 3 contracts

Samples: Lease Agreement (Vista Proppants & Logistics Inc.), Lease Agreement (Vista Proppants & Logistics Inc.), Lease Agreement (Vista Proppants & Logistics Inc.)

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Termination by Lessee. Until the continuous term becomes effective, Lessee may terminate this Agreement as to all or any portion of the Property at any time upon giving written notice to Lessors by no later than June 1 of any Agreement Year, and after that Lessee shall have the right, at its option, no continuing liability (specifically including Rent payments) to terminate Lessors under or in relation to this Lease Agreement, with or without cause, at any time after except as provided in Section 10.04. Any partial termination of this Agreement by Lessee shall not reduce the Primary Term hereof by giving at least six (6) months prior written notice to Lessor. Lessee does not have the right to terminate Rent provided for in this Lease Agreement during the Primary Term. Upon any termination by Lessee, except for the rights set forth in Sections 14 and 15, all rights and obligations of the parties hereunder shall cease, except for rights or obligations which accrued prior to the effective date of such terminationAgreement.

Appears in 1 contract

Samples: Mineral Lease Agreement

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