Common use of Termination of Lease Clause in Contracts

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a) all Rent accrued hereunder through the date of termination, (b) all amounts due under Section 19.1, and (c) an amount equal to (but in no event less than zero) (1) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the “Prime Rate” as published on the date this Lease is terminated by The Wall Street Journal in its listing of “Money Rates” minus one percent, minus (2) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, for such period, similarly discounted;

Appears in 3 contracts

Samples: Lease Agreement (Veracyte, Inc.), Lease Agreement (Veracyte, Inc.), Lease Agreement (Veracyte, Inc.)

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Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.119(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the “Prime Rate” as published on the date this Lease is terminated by The Wall Street Journal Journal, Southwest Edition, in its listing of “Money Rates” minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 3 contracts

Samples: Lease Agreement (Cross Country Healthcare Inc), Lease Agreement (Shattuck Labs, Inc.), Lease Agreement (Energytec Inc)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.120(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the “Prime Rate” as published on the date this Lease is terminated by The Wall Street Journal Journal, Southwest Edition, in its listing of “Money Rates” minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Polarityte, Inc.), Purchase and Sale Agreement (Polarityte, Inc.), Lease Agreement (Polarityte, Inc.)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.119(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the "Prime Rate" as published on the date this Lease is terminated by The Wall Street Journal Journal, Southwest Edition, in its listing of "Money Rates" minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 2 contracts

Samples: Lease Agreement (Alco Stores Inc), Lease Agreement (Taysha Gene Therapies, Inc.)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a) all Rent accrued hereunder through the date of termination, (b) all amounts due under Section 19.1, and (c) an amount equal to (but in no event less than zero) (1) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the “Prime Rate” as published on the date this Lease is terminated by The Wall Street Journal in its listing of “Money Rates” minus one percent, minus (2) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 2 contracts

Samples: Lease Agreement (RetailMeNot, Inc.), Lease Agreement (Mimecast LTD)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.119(a) below, and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the “Prime Rate” as published on the date this Lease is terminated by The Wall Street Journal Journal, Northwest Edition, in its listing of “Money Rates” minus plus one percentpercent (1%), minus (2B) the then then-present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;.

Appears in 2 contracts

Samples: Lease Agreement (Glu Mobile Inc), Lease Agreement (Hipcricket, Inc.)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.119(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the "Prime Rate" as published on the date this Lease is terminated by The Wall Street Journal Journal, Northwest Edition, in its listing of "Money Rates" minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 2 contracts

Samples: Security Agreement (Biomira Inc), Iv Lease (Biomira CORP)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.120(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the “Prime Rate” as published on the date this Lease is terminated by The Wall Street Journal Journal. Southwest Edition, in its listing of “Money Rates” minus one percent, . minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (Orthofix Medical Inc.)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.120(a), and (c) iii. an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the “Prime Rate” as published on the date this Lease is terminated by The Wall Street Journal Journal, Southwest Edition, in its listing of “Money Rates” minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (Republic Companies Group, Inc.)

Termination of Lease. Terminate this Lease by giving Tenant -------------------- written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.119.(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the "Prime Rate" as published on the date this Lease is terminated by The Wall Street Journal Journal, Southwest Edition, in its listing of "Money Rates" minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (Tenfold Corp /Ut)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.124(a), and (c3) an amount equal to (but in no event less than zero) (1a) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the “Prime Rate” as published on the date this Lease is terminated by The Wall Street Journal Journal, Southwest Edition, in its listing of “Money Rates” minus one percent, minus (2b) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (Efj Inc)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued but unpaid hereunder through the date of termination, (b2) all amounts due under Section 19.119(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the "Prime Rate" as published on the date this Lease is terminated by The Wall Street Journal Journal, Southwest Edition, in its listing of "Money Rates" minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (Aeglea BioTherapeutics, Inc.)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.119.(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the "Prime Rate" as published on the date this Lease is terminated by The Wall Street Journal Journal, Midwest Edition, in its listing of "Money Rates" minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (Panoramic Care Systems Inc)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.120(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the "Prime Rate" as published on the date this Lease is terminated by The Wall Street Journal Journal, Southeast Edition, in its listing of "Money Rates" minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (Luvu Brands, Inc.)

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Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.119(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the “Prime Rate” as published on the date this Lease is terminated by The Wall Street Journal Journal, Southeast Edition, in its listing of “Money Rates” minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (Omtool LTD)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.119.3, and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the “Prime Rate” as published on the date this Lease is terminated by The Wall Street Journal Journal, Southwest Edition, in its listing of “Money Rates” minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (American Locker Group Inc)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (aof(l) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.1, and (c) an amount equal to (but in no event less than zero) (1) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the "Prime Rate" as published on the date this Lease is terminated by The Wall Street Journal Journal, Southwest Edition, in its listing of “of' `Money Rates" minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (Institutional Equity Holdings Inc /Nv/)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.120(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the "Prime Rate" as published on the date this Lease is terminated by The Wall Street Journal Journal, Southwest Edition, in its listing of "Money Rates" minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (Aviall Inc)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.119(a) below, and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the “Prime Rate” as published on the date this Lease is terminated by The Wall Street Journal Journal, Northwest Edition, in its listing of “Money Rates” minus one percentplus two percent (2%), minus (2B) the then then-present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;.

Appears in 1 contract

Samples: Lease Agreement (Avalara Inc)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.120(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the “Prime Rate” as published on the date this Lease is terminated by The Wall Street Journal Journal, Southwest Edition, in its listing of “Money Rates” minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (Immatics N.V.)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of (a1) all Rent accrued hereunder through the date of termination, (b2) all amounts due under Section 19.119.(a), and (c3) an amount equal to (but in no event less than zero) (1A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the "Prime Rate" as published on the date this Lease is terminated by The Wall Street Journal Journal, Southwest Edition, in its listing of "Money Rates" minus one percent, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;

Appears in 1 contract

Samples: Lease Agreement (Daisytek International Corporation /De/)

Termination of Lease. Terminate this Lease by giving Tenant written notice thereof, in which event Tenant shall pay to Landlord the sum of of: (a1) all Gross Rent accrued hereunder through the date of termination, ; (b2) all amounts due under Section 19.1, 19(a); and (c3) an amount equal to (but in no event less than zero) (1A) the total Gross Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the Prime Rate (“Prime Rate” shall be the per annum interest rate as published on in the date this Lease is terminated by The Wall Street Journal in its listing of “Money Rates” minus one percentsection, minus (2B) the then present fair rental value of the Premises, as determined by Landlord in Landlord’s reasonable discretion, Premises for such period, similarly discounted;.

Appears in 1 contract

Samples: Office Lease Agreement (Cray Inc)

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