EARLY TERMINATION OF LEASE. If the tenant moves out before the lease is over they automatically forfeit their security deposit. The tenant will be responsible for paying the full rent for the month they are moving in, as well as the next months rent. Tenants must allow access to the property within the last 30 days of their move out for showings and inspections.
EARLY TERMINATION OF LEASE. 6. If any roommate wishes to be released from their portion of the lease:
EARLY TERMINATION OF LEASE. Provided Tenant is not in default of any term, covenant or condition of this Lease (beyond all applicable notice and cure periods), Tenant shall have a one-time right to terminate this Lease at the end of the third Rental Year (as defined in Section 6.1) of the Term. Tenant shall exercise the right granted herein by delivering written notice to Landlord of its intention to terminate twelve (12) months prior to the date Tenant intends to terminate, time being of the essence. Failure by Tenant to deliver such written notice within the time period stipulated herein shall constitute a waiver of Tenant’s right of termination. If Tenant elects to terminate this Lease as provided herein, Tenant shall pay to Landlord an early termination fee in an amount equal to the unamortized portion of the Tenant Improvements, broker’s commission paid by Landlord in connection with this Lease and the Moving Allowance (as defined in Section 5.2), which sum shall be amortized on a straight-line basis over the Term of the Lease at eight percent (8%) rate per annum, plus two (2) months of the then current Annual Basic Rent. Upon receipt of Tenant’s notice exercising its right to terminate, Landlord will notify Tenant of the exact amount of termination fee due. Tenant shall pay the specified termination fee no later than thirty (30) days prior to such termination date. If such termination fee is not timely paid to Landlord, Tenant’s notice exercising its right to terminate the Lease shall be deemed void and inoperative. If this Lease is terminated as provided herein, the parties agree to execute a commercially reasonable instrument which confirms and effects a release and surrender of all right, title and interest in and to the Premises pursuant to the terms of this Lease and otherwise.
EARLY TERMINATION OF LEASE. The lease terminates early if:
EARLY TERMINATION OF LEASE. 3.1. Either the City or BARNSTORMERS may terminate this Agreement before its expiration by giving one year’s written notice to the other party.
EARLY TERMINATION OF LEASE. 1. Party A gives Party B the right to, during the fourth year of this Lease, decide whether to continue performing this Contract after expiration of the fifth year of this Lease. Should Party B choose not to continue this Lease, then it shall give six months written notice to Party A. Party A shall not make a claim on Party B for breach of contract on the basis of the early termination.
EARLY TERMINATION OF LEASE. Tenant may end this Lease and move out of the Property before the End Date of the Lease or any Renewal Term only with written permission of Landlord, and only if:
EARLY TERMINATION OF LEASE. Since early termination of this lease would cause financial loss to Landlord, Landlord will release Tenant from the terms of this lease only under the following conditions: 1). Tenant agrees to forfeit any security deposit held by Landlord to cover Landlord’s expense in seeking another tenant. 2).Tenant continues to pay the monthly rent payments to Landlord until the start date of a new Tenant’s lease, if Landlord fills the vacancy. 3). This lease shall remain in effect, with its original terms and conditions until said new Tenant’s lease date. Landlord agrees to make diligent effort to find another tenant for the premises by advertising the vacancy continuously in a local newspaper and placing a “For Rent” sign outside the apartment. Failure of Tenant to abide by these terms will constitute a breaking of the lease by Tenant, with consequences as noted in the section above.
EARLY TERMINATION OF LEASE. Lessee acknowledges there is no right to early termination of this Lease Agreement and neither Lessee nor Lessee’s Guarantor shall be released from this Lease for any reason.
EARLY TERMINATION OF LEASE a. If the “Transactions” defined in that certain Agreement and Plan of Merger dated on or about even date herewith by and among Vestis Retail Group, LLC (“Parent”), Everest Merger Sub, Inc. (“Merger Sub”) and Tenant (as the same may be amended, the “Merger Agreement”) are consummated, including without limitation the occurrence of the “Merger Closing” (as such term is defined in the Merger Agreement), then at any time from and after the “Effective Time” (as such term is defined in the Merger Agreement), Tenant shall have the right to terminate the Lease by providing Landlord with written notice of termination (the “Early Termination Notice”) at least two hundred seventy (270) days prior to the termination date (the “Early Termination Date”) set forth in the Early Termination Notice and concurrently paying Landlord in cash or cash equivalents a termination fee (the “Early Termination Fee”) determined as follows: (1) if the Early Termination Notice is tendered to the Landlord at least two hundred seventy (270) days prior to the Early Termination Date but less than three hundred sixty five (365) days prior to the Early Termination Date, then the Early Termination Fee shall be Three Hundred Thousand Dollars ($300,000.00); or (2) if the Early Termination Notice is tendered to the Landlord at least three hundred sixty five (365) days prior to the Early Termination Date, then the Early Termination Fee shall be Two Hundred Thousand Dollars ($200,000.00).
