Termination of this Lease Sample Clauses
The 'Termination of this Lease' clause defines the conditions and procedures under which the lease agreement can be ended before its scheduled expiration. It typically outlines the rights and obligations of both the landlord and tenant regarding notice periods, acceptable grounds for termination, and any penalties or requirements for early exit, such as payment of outstanding rent or restoration of the property. This clause serves to provide a clear framework for ending the lease, thereby reducing uncertainty and potential disputes between the parties.
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Termination of this Lease or Tenant's right to possession by Landlord shall not relieve Tenant from any liability to Landlord which has theretofore accrued or shall arise based upon events which occurred prior to the last to occur of (i) the date of Lease termination or (ii) the date possession of Demised Premises is surrendered.
Termination of this Lease. In the event of termination in any of the cases 34 hereinabove provided, this Lease and the term and estate hereby granted shall expire as of the date 35 thirty (30) days after the date of such termination with the same effect as if that were the date 36 hereinbefore set for the expiration of the term of this Lease, and the rent hereunder shall be 37 apportioned as of such date.
Termination of this Lease. If Owner uses a portion of the security deposit during the Lease to cure a default by
Termination of this Lease pursuant to any of the provisions herein, shall be wholly without prejudice to the right of the Lessor to recover arrears of Annul Fees or any other right of action of the Lessor in respect of any antecedent breach of covenant, or other provision herein contained, and the rights herein shall survive the termination of this Lease, whether by act of the parties or by operation of law.
Termination of this Lease. Notwithstanding anything contained herein to the contrary, in the event of the termination of this Lease by reason of a Default by Tenant or otherwise, any insurance proceeds received by Landlord may be retained by Landlord, Tenant shall pay the Damage Payment to Landlord, and all proceeds of insurance receivable shall belong and be retained by Landlord without claim thereon by Tenant. Tenant's obligation to observe or perform each and every one of the provisions of this Section 8.7 shall survive the expiration or other termination of the Term.
Termination of this Lease. (a) In the event that this Lease shall be terminated by Landlord pursuant to Paragraph 2.2.5.1(b), (c), (d) or (e): (i) Tenant shall, in satisfaction of all liabilities and obligations owed to Landlord hereunder, reimburse Landlord, within the earlier of the date of reassignment of the Purchase Agreement by Landlord to Tenant under Paragraph 2.2.5.4 below, or thirty (30) days of receipt by Tenant of Landlord's reasonably detailed invoice therefor (which shall enclose reasonable supporting documentation), for all out-of-pocket expenses incurred in any manner prior to the date of such termination by Landlord in connection with the negotiation and performance of this Lease, and pursuit of purchase of the Land including, without limitation, all costs incurred in pursuit of any Entitlements and all Improvement Costs (defined in the Work Letter) so paid or incurred, all deposits under the Purchase Agreement not refunded to Landlord, and any extension payments under the Purchase Agreement and including the Reimbursed Costs ("Landlord's Out of Pocket Expenses"), (ii) immediately upon delivery of such reimbursement (in accordance with the preceding clause (i)) by Tenant to Landlord, Landlord shall return the Pre-Closing LC to Tenant, and (iii) upon performance by the Parties under the preceding clauses (i) and (ii), subject to the provisions of Paragraph 2.2.5.4, all other obligations of each Party hereto to the other Party hereunder shall automatically terminate and be of no further force or effect. In the event that Tenant shall not fully reimburse Landlord for Landlord's Out of Pocket Expenses within the applicable period described in clause (i) above, Landlord may draw under the Pre-Closing LC an amount equal to its unreimbursed Landlord Out of Pocket Expenses. To the extent the Pre-Closing LC does not fully reimburse Landlord in full for Landlord's Out of Pocket Expenses, Landlord may pursue against Tenant payment by Tenant for any such deficiency and Tenant shall remain liable for its obligations to Landlord for any remaining unpaid Landlord's Out of Pocket Expenses.
(b) In the event that this Lease shall be terminated by either Landlord or Tenant under Paragraph 2.2.5.1(a), Paragraph 2.2.5.1(f) or Paragraph 2.2.5.2, (i) Tenant shall reimburse Landlord, within thirty (30) days of receipt by Tenant of a reasonably detailed invoice from Landlord therefor, for fifty percent (50%) of all fees and expenses incurred or reimbursed by Landlord in favor of Contractor'...
Termination of this Lease. This lease can be terminated by either party, by providing a 30-day notice in writing to this effect. Such notice shall be sent by either party to the address as indicated above or the last known address.
Termination of this Lease. Notwithstanding a termination of this Lease by Landlord, Tenant shall remain liable for payment of all rentals and other charges and costs imposed on Tenant herein, in the amounts, at the times and upon the conditions as herein provided. Landlord shall credit against such liability of the Tenant all amounts received by Landlord from such re-letting after first reimbursing itself for all reasonable costs incurred in curing Tenant's defaults and re-entering, preparing and refinishing the demised premises for re-letting, and re-letting the demised premises.
Termination of this Lease will take place by giving notice effective from the end of a lease period, with due observance of a notice period of at least one year.
Termination of this Lease. If Landlord has determined in good faith that the Premises cannot be restored within the nine (9) month period after the date of such casualty, Landlord shall deliver to Tenant written notice of the same, and thereafter Landlord and Tenant shall each have the right to terminate this Lease upon the delivery of written notice to the other party within thirty (30) days after the date of Landlord’s notice to Tenant, in which event this Lease shall terminate as of the date of such casualty and the Rent and Operating Expenses shall be prorated and apportioned as of the date of such casualty. If neither party exercises such right of termination, the Premises shall be restored as provided in Section 15.1 above.
