A Termination Notice definition

A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the affected Property on a Payment Date not more than sixty (60) days after Lessor's receipt of such Termination Notice (the "Termination Date"); and (ii) a binding and irrevocable agreement of Lessee to pay the Termination Value for the applicable Property and purchase such Property on such Termination Date.
A Termination Notice shall contain notice of Tenant's intention to terminate this Lease as to the Affected Premises thirty (30) days after delivery of the Termination Notice (the "Termination Date") and any amounts prepaid by Tenant and attributable to the Affected Premises for any period after the Termination Date shall be refunded to Tenant.
A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the Property or the affected portion thereof on a date that is no later than thirty (30) days after the occurrence of the applicable event described in clause (i), (ii) or (iii) of Section 16.1 (the "Termination Date"), such termination to be effective upon the Lessee's payment of the Asset Termination Value (or portion thereof representing the Property Cost of the affected portion of the Property); and (ii) a binding and irrevocable agreement of the Lessee to pay the Asset Termination Value and purchase the Property on the Termination Date.

Examples of A Termination Notice in a sentence

  • A Termination Notice for a Termination for Good Reason shall indicate the specific provision in Section II(c) relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for Termination for Good Reason, and shall provide the Company a minimum of 30 days in which to remedy such facts or circumstances.

  • A Termination Notice shall be effective upon delivery to the other party and the termination shall be effective as of the date set forth in such Termination Notice (hereinafter, the “Termination Date”).

  • A Termination Notice shall be effective upon delivery to the other party and the termination shall be effective as of the date set forth in such Termination Notice (hereinafter, the "Termination Date").

  • A Termination Notice for a Termination for Good Reason shall indicate the specific provision in Section II(c) relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for Termination for Good Reason.

  • A Termination Notice by Ceres shall not be deemed effective until the Termination Notice specifies a date for each of the Facilities (each, a “Termination Date”), on which the PharMerica Entities are to cease providing Products and Services to that Facility.


More Definitions of A Termination Notice

A Termination Notice shall contain notice of Tenant's intention to terminate this Lease with respect to the Affected Premises on the first Basic Rent Payment Date which occurs at least thirty (30) days after delivery of the Termination Notice (the "Termination Date"), and (ii) if the Termination Event is an event described in Paragraph 18(a)(ii), the confirmation described therein.
A Termination Notice shall contain (i) notice of Tenant's intention to terminate this Lease on the first Basic Rent Payment Date which occurs at least sixty (60) days after the Termination Notice (the "Termination Date"), (ii) a binding and irrevocable offer of Tenant to pay to Landlord the Option Price and (iii) in the case of a Termination Trigger Event a certification of Tenant to the effect of the facts set forth in clause (i) of Paragraph 18(a) above and (iv) a certified resolution of the Board of Directors or Board of Managers, as the case may be, of Tenant authorizing the termination of the Lease pursuant to the terms of this Paragraph 18.
A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the affected Property on a date not more than thirty (30) days after Lessor's receipt of such Termination Notice (the "Termination Date"); (ii) a binding and irrevocable agreement of Lessee to pay the Termination Value and purchase such Property on such Termination Date and (iii) the Officer's Certificate described in Section 16.1(b). (a) On the Termination Date, Lessee shall pay to Lessor as Supplemental Rent the Termination Value for the applicable Property, plus all other amounts owing in respect of such Property (including Supplemental Rent) theretofore accruing and Lessor shall convey such Property to Lessee (or Lessee's designee) all in accordance with Section 19.1. 17.
A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the affected piece of Equipment on a date not more than thirty (30) days after Lessor's receipt of such Termination Notice (the "Termination Date"); (ii) a binding and irrevocable agreement of Lessee to pay the Termination Value and purchase such piece of Equipment on such Termination Date and (iii) the Officer's Certificate described in Section 16.1(b).
A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the affected Property on a Payment Date not more than sixty (60) days after Lessor's receipt of such Termination Notice (the "Termination Date"); and (ii) a binding and irrevocable agreement of Lessee to pay the Termination Value for the applicable Property (or, if applicable, for Lessor's leasehold interest and/or other rights existing under the Head Lease with respect to such Property) and purchase such Property (or, if applicable, Lessor's leasehold interest and/or other rights existing under the Head Lease with respect to such Property) on such Termination Date.
A Termination Notice shall contain: (i) notice of ---------- termination of this Lease with respect to the Property or the affected portion thereof on a date that is no later than thirty (30) days after the occurrence of the applicable event described in clause (i), (ii) or (iii) of Section 16.1 (the ---------- ---- ----- ------------ "Termination Date"), such termination to be effective upon the Lessee's payment ---------------- of the Asset Termination Value (or portion thereof representing the Property Cost of the affected portion of the Property) (offsetting against such amount the aggregate amount of the Defeasance Deposit Collateral and Cash Collateral, if any); and (ii) a binding and irrevocable agreement of the Lessee to pay the Asset Termination Value (offsetting against such amount the aggregate amount of the Defeasance Deposit Collateral and Cash Collateral, if any), and purchase the Property on the Termination Date.
A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the affected Property on a Payment Date not more than sixty (60) days after Lessor's receipt of such Termination Notice (the "Termination Date"); and (ii) a binding and irrevocable agreement of Lessee to pay the Termination Value (x) for Lessor's leasehold interest under the Head Lease in the applicable Property (and/or other rights arising thereunder) (together, the "Head Lease Leasehold Interest") and (y) for the Bonds (and other rights in connection therewith under the Bond Documents) the proceeds of which were used to acquire and/or construct such Property, including the Land, related Equipment, Improvements thereon and Transaction Expenses related thereto (together, the "Related Bonds" and together with the Head Lease Leasehold Interest in any Property, the "Related Property and Bond Interest") and purchase such Lessor's Related Property and Bond Interest on such Termination Date.