Common use of Termination Contingency Clause in Contracts

Termination Contingency. Tenant's liability to occupy and pay rent for the premises leased pursuant to the January 1, 1995 Lease Agreement, and pursuant to this Addendum, for the months of January and February, 1996, is expressly conditioned upon Tenant's ability to secure approval of the City of Longmont for an extension of the use of the public right of way permit allowing overhead telephone and computer wires to be erected and maintained across Fourth Avenue. The use of public right of way permit presently in effect expires on January 1, 1996. Tenant shall make reasonable efforts to secure approval of the City to extend the permit to include the termination date of this agreement (February 28, 1996). Tenant shall make timely application for extension of the permit, and notify Landlord of the status of the application not later than October 1, 1995.