Common use of Early Termination Right Clause in Contracts

Early Termination Right. In the event that Landlord and Tenant fully execute and deliver a new lease agreement (the “New Lease”) for other space in the Project during the Lease Term (or other space in a project owned by an affiliate of Landlord) which satisfies the following conditions: (i) a term for such New Lease which extends beyond the Lease Expiration Date of this Lease as set forth in Section 3.4 of the Summary, and (ii) the premises under such New Lease containing no less than the number of rentable square feet of the Premises as set forth in Section 2.2 of the Summary (i.e., contains more than 38,109 rentable square feet), and provided that Tenant is not then in default of this Lease beyond any applicable notice and cure period, then Tenant shall have the right to terminate this Lease without the payment of any penalty or termination fee by delivering written notice (the “Tenant Termination Notice”) to Landlord not less than thirty (30) days prior to the commencement date under such New Lease, and in the event such Tenant Termination Notice is timely delivered by Tenant to Landlord, then this Lease shall terminate effective as of the date which is five (5) business days following the commencement date under such New Lease (the “Tenant Early Termination Date”). To the extent Tenant exercises its right to terminate this Lease, pursuant to the terms of this Section 2.3, then this Lease shall terminate effective as of the Tenant Early Termination Date with the same force and effect as if the Lease were scheduled to expire in accordance with its terms as of such Tenant Early Termination Date, subject to the provisions of this Lease which expressly survive the expiration or earlier termination of this Lease.

Early Termination Right. In Tenant shall have the event that Landlord and Tenant fully execute and deliver a new lease agreement one time right to terminate the Term of this Lease with respect to the original Premises only (the “New LeaseTermination Right”) for other space in as of the Project during date that is 36 months after the Lease Term Rent Commencement Date (or other space in a project owned by an affiliate of Landlord) which satisfies the following conditions: “Termination Date”); provided, however, that Tenant delivers to Landlord (i) a term for such New Lease which extends beyond written notice (“Termination Notice”) exercising its Termination Right no later than the Lease Expiration Date of this Lease as set forth in Section 3.4 of date that is 6 months prior to the SummaryTermination Date, and (ii) the premises under such New Lease containing no less than the number of rentable square feet concurrent with Tenant’s delivery to Landlord of the Termination Notice delivers funds in the amount of $250,000 (the “Early Termination Payment”). If Tenant timely and properly exercises the Termination Right, Tenant shall vacate the Premises as set forth and deliver possession thereof to Landlord in Section 2.2 of the Summary (i.e., contains more than 38,109 rentable square feet), and provided that Tenant is not then in default condition required by the terms of this Lease beyond any applicable notice on or before the Termination Date and cure period, then Tenant shall have the right to terminate no further obligations under this Lease without with respect to the payment of any penalty or termination fee by delivering written notice (the “Tenant Termination Notice”) to Landlord not less than thirty (30) days Premises except for those accruing prior to the commencement date under such New Lease, Termination Date and in the event such Tenant Termination Notice is timely delivered by Tenant to Landlord, then this Lease shall terminate effective as of the date which is five (5) business days following the commencement date under such New Lease (the “Tenant Early Termination Date”). To the extent Tenant exercises its right to terminate this Leasethose which, pursuant to the terms of this Section 2.3Lease, then this Lease shall terminate effective as of the Tenant Early Termination Date with the same force and effect as if the Lease were scheduled to expire in accordance with its terms as of such Tenant Early Termination Date, subject to the provisions of this Lease which expressly survive the expiration or earlier early termination of the Lease with respect to the Premises. If Tenant does not deliver to Landlord the Termination Notice and the Early Termination Payment within the time period provided in this Leaseparagraph, Tenant shall be deemed to have waived its Termination Right. Notwithstanding anything to the contrary contained herein, in no event shall this Section 41 apply to any ROFR Space that Tenant leases pursuant to Section 39.

Early Termination Right. In Tenant shall have the event that Landlord and Tenant fully execute and deliver a new lease agreement right, subject to the provisions of this Section 34, to terminate this Lease (the “New LeaseTermination Right”) for other space in with respect to the Project during the Lease Term entire Premises only as of March 31, 2018 (or other space in a project owned by an affiliate of Landlord) which satisfies the following conditions: “Early Termination Date”), so long as Tenant delivers to Landlord (i) a term for such New Lease which extends beyond the Lease Expiration Date written notice (“Termination Notice”), of this Lease as set forth its election to exercise its Termination Right no less than 12 months in Section 3.4 advance of the SummaryEarly Termination Date, and (ii) the premises under such New Lease containing no less than the number of rentable square feet concurrent with Tenant’s delivery of the Premises Termination Notice to Landlord, the unamortized amount of any outstanding Additional Tenant Improvement Allowance with interest as set forth provided in Section 2.2 of 3(c) above (the Summary (i.e.“Early Termination Payment”). If Tenant timely and properly exercises the Termination Right, contains more than 38,109 rentable square feet), Tenant shall vacate the Premises and provided that Tenant is not then deliver possession thereof to Landlord in default the condition required by the terms of this Lease beyond any applicable notice on or before the Early Termination Date and cure period, then Tenant shall have the right to terminate no further obligations under this Lease without the payment of any penalty or termination fee by delivering written notice (the “Tenant Termination Notice”) to Landlord not less than thirty (30) days except for those accruing prior to the commencement date under such New Lease, and in the event such Tenant Termination Notice is timely delivered by Tenant to Landlord, then this Lease shall terminate effective as of the date which is five (5) business days following the commencement date under such New Lease (the “Tenant Early Termination Date”). To the extent Tenant exercises its right to terminate this LeaseDate and those which, pursuant to the terms of this Section 2.3Lease, then survive the expiration or early termination of this Lease shall terminate effective as of Lease. If Tenant does not deliver to Landlord the Tenant Termination Notice and the Early Termination Date with Payment within the same force time period provided in this paragraph, Tenant shall be deemed to have waived its Termination Right and effect as if the Lease were scheduled to expire in accordance with its terms as of such Tenant Early Termination Date, subject to the provisions of this Lease which expressly survive the expiration Section 34 shall have no further force or earlier termination of this Leaseeffect.

Early Termination Right. In the event that Landlord and Tenant fully execute and deliver a new lease agreement (the “New Lease”) for other space in the Project during the Lease Term (or other space in a project owned by an affiliate of Landlord) which satisfies the following conditions: (i) a term for such New Lease which extends beyond the Lease Expiration Date of this Lease as set forth in Section 3.4 of the Summary, and (ii) the premises under such New Lease containing no less than the number of rentable square feet of the Premises as set forth in Section 2.2 of the Summary (i.e., contains more than 38,109 rentable square feet), and provided that Tenant is not then in default of this Lease beyond any applicable notice and cure period, then Tenant shall have the right right, subject to the provisions of this Section 11, to terminate this the Lease without the payment of any penalty or termination fee by delivering written notice (the “Tenant Termination NoticeRight”) to Landlord not less than thirty (30) days prior with respect to the commencement date under such New Lease, and in entire Premises only on the event such Tenant Termination Notice is timely delivered by Tenant to Landlord, then this Lease shall terminate effective as last day of the date which is five 82nd month after the Third Expansion Premises Commencement Date (5) business days following the commencement date under such New Lease (the “Tenant Early Termination Date”), so long as Tenant delivers to Landlord (a) a written notice (“Termination Notice”), of its election to exercise its Termination Right no less than 12 months in advance of the Early Termination Date, and (b) the payment to Landlord concurrent with Tenant’s delivery of the Termination Notice to Landlord, of an early termination payment in the amount of $2,500,000 (collectively, the “Early Termination Payment”). To If Tenant timely and properly exercises the extent Termination Right and delivers the Early Termination Payment, Tenant exercises its right shall vacate the Premises and deliver possession thereof to terminate Landlord in the condition required by the terms of this LeaseLease on or before the Early Termination Date and Tenant shall have no further obligations under the Lease after the Early Termination Date except for those accruing prior to the Early Termination Date and those which, pursuant to the terms of this Section 2.3Lease, then survive the expiration or early termination of this Lease shall terminate effective as of Lease. If Tenant does not deliver to Landlord the Tenant Termination Notice and the Early Termination Date with Payment within the same force time period provided in this paragraph, Tenant shall be deemed to have waived its Termination Right and effect as if the Lease were scheduled to expire in accordance with its terms as of such Tenant Early Termination Date, subject to the provisions of this Lease which expressly survive the expiration Section 11 shall have no further force or earlier termination of this Leaseeffect.

Early Termination Right. In the event that Landlord and Tenant fully execute and deliver a new lease agreement (the “New Lease”) for other space in the Project during the Lease Term (or other space in a project owned by an affiliate of Landlord) which satisfies the following conditions: (i) a term for such New Lease which extends beyond the Lease Expiration Date of this Lease Effective as set forth in Section 3.4 of the Summarydate hereof, and (ii) the premises under such New Lease containing no less than the number of rentable square feet of the Premises as set forth in Section 2.2 of the Summary (i.e., contains more than 38,109 rentable square feet), and provided that Tenant is not then in default of this Lease beyond any applicable notice and cure period, then Tenant Landlord shall have the right (the "Early Termination Right") exercisable at any time upon ninety (90) days' prior written notice to Tenant (the "Early Termination Notice") to terminate this the Lease without the payment of any penalty or termination fee by delivering written notice (the “Tenant Termination Notice”) to Landlord not less than thirty (30) days prior to the commencement date under such New Lease, and in the event such Tenant Termination Notice is timely delivered by Tenant to Landlord, then this Lease shall terminate effective as of the date which is five (5) business days following specified in the commencement date under such New Lease Early Termination Notice (the “Tenant "Early Termination Date”"). To Tenant shall not be entitled to recover any compensation, damages or any other amounts from Landlord should Landlord exercise the extent Early Termination Right. Tenant exercises its right to terminate this Lease, pursuant to shall pay and perform all obligations of Tenant in accordance with the terms of this Section 2.3, then this Lease shall terminate effective as of through the Tenant Early Termination Date with and shall surrender the same force and effect Current Premises to Landlord in the condition required under the Lease on the Early Termination Date as if the Early Termination Date were the Expiration Date. Termination of the Lease were scheduled on the Early Termination Date pursuant to expire in accordance with its terms as of such this Paragraph 6 shall not release Tenant from any obligation or liability that arises under the Lease prior to the Early Termination Date, subject . Notwithstanding anything contained herein to the provisions contrary, if Landlord exercises the Substitution Right set forth in Paragraph 5 above, then the Early Termination Right shall terminate and be of this Lease which expressly survive the expiration no further force or earlier termination of this Leaseeffect.

Early Termination Right. In Notwithstanding anything to the event that Landlord and Tenant fully execute and deliver a new lease agreement (the “New contrary in this Lease”) for other space in the Project during the Lease Term (or other space in a project owned by an affiliate of Landlord) which satisfies the following conditions: (i) a term for such New Lease which extends beyond the Lease Expiration Date of this Lease as set forth in Section 3.4 of the Summary, and (ii) the premises under such New Lease containing no less than the number of rentable square feet of the Premises as set forth in Section 2.2 of the Summary (i.e., contains more than 38,109 rentable square feet), and provided that Tenant is not then in default of this Lease beyond any applicable notice and cure period, then Tenant shall have the right in its sole and absolute discretion to terminate this Lease without the payment of any penalty or termination fee by delivering written notice effective on June 30, 2012 (the “Tenant Termination Notice”) to Landlord not less than thirty (30) days prior to the commencement date under such New Lease, and in the event such Tenant Termination Notice is timely delivered by Tenant to Landlord, then this Lease shall terminate effective as of the date which is five (5) business days following the commencement date under such New Lease (the “Tenant Early Termination Date”) upon prior written notice given to Landlord not earlier than September 30, 2011, and not later than February 28, 2012 (the “Termination Notice”). To If Tenant elects to give Landlord such a Termination Notice, the extent Tenant exercises its right to terminate this Lease, pursuant to the terms of this Section 2.3, then this Lease shall terminate effective as of on the Tenant Early Termination Date with the same force and effect as if the Term of the Lease were scheduled to expire in accordance with its terms as of such Tenant had expired on the Early Termination Date, subject and Tenant agrees to observe all the provisions terms of the Lease regarding vacation and condition of the Premises upon expiration of the Term in any such case. In consideration of the termination right granted to Tenant hereunder, Tenant agrees to pay to Landlord on the date Tenant delivers its Termination Notice a termination fee equal to Thirty-Five Thousand Three Hundred One Dollars and Sixty Cents ($35,301.60). Tenant’s payment of the Termination Fee when and as required under this §1.4.1 is an express condition precedent to Tenant’s effective exercise of its termination option hereunder; and if Tenant fails to exercise its termination option when and as provided hereunder, including timely payment of the Termination Fee, Tenant’s exercise of its termination option shall be void and of no effect, and the Lease shall remain in effect as if Tenant had not attempted the exercise of its termination option. Time is of the essence of this Lease which expressly survive the expiration or earlier termination of this Lease§1.4.1.

Early Termination Right. In 31.1 Subject to the event that Landlord and Tenant fully execute and deliver a new lease agreement (the “New Lease”) for other space in the Project during the Lease Term (or other space in a project owned by an affiliate of Landlord) which satisfies the following conditions: (i) a term for such New Lease which extends beyond the Lease Expiration Date terms of this Lease as set forth in Section 3.4 of the SummaryArticle 31, and (ii) the premises under such New Lease containing no less than the number of rentable square feet of the Premises as set forth in Section 2.2 of the Summary (i.e., contains more than 38,109 rentable square feet), and provided that Tenant is not then in default of this Lease beyond any applicable notice and cure period, then Tenant LESSEE shall have the right to terminate this Lease without as of the payment last day of any penalty or termination fee by delivering written notice the month during which the third (3rd) anniversary of the Commencement Date occurs (the “Tenant "Early Termination Date"), provided (i) LESSEE notifies LESSOR in writing (the "Early Termination Notice”") to Landlord not less than thirty (30) days of LESSEE'S termination of this Lease prior to the commencement date one hundred eightieth (180th) day after the second (2nd) anniversary of the Commencement Date, time being of the essence with respect to such notice, (ii) LESSEE is not in default under such New Lease, the terms and in the event such Tenant Termination Notice is timely delivered by Tenant to Landlord, then conditions of this Lease shall terminate effective as of the date which is five (5) business days following giving of the commencement date under such New Lease (the “Tenant Early Termination Date”). To the extent Tenant exercises its right to terminate this Lease, pursuant to the terms of this Section 2.3, then this Lease shall terminate effective Notice or as of the Tenant Early Termination Date with the same force and effect as if the Lease were scheduled to expire in accordance with its terms as of such Tenant Early Termination Date, subject and (iii) within sixty (60) days after the date of the Early Termination Notice, LESSEE pays to LESSOR an amount equal to the provisions Termination Payment. If either of the conditions set forth in clauses (i) or (ii) of the preceding sentence is not satisfied, then LESSEE shall be deemed to have waived its early termination option. If LESSEE fails to pay the Termination Payment within sixty (60) days after the date of the Early Termination Notice, then, at LESSOR'S option, either (i) this Lease which expressly survive shall remain in full force and effect, or (ii) the expiration Lease shall terminate and expire as of the Early Termination Date. LESSOR'S election pursuant to the immediately preceding sentence shall not be deemed a waiver of LESSEE'S obligation to pay the Termination Payment or earlier termination of this LeaseLESSEE'S default for failure to pay the Termination Payment as required herein.

Early Termination Right. In During the event that Landlord Additional Extension Term and Tenant fully execute and deliver a new lease agreement (the “New Lease”) for other space in the Project during the Lease Term (or other space in a project owned by an affiliate of Landlord) which satisfies the following conditions: provided (i) a term for such New Lease which extends beyond the Lease Expiration Date of this Lease as set forth is in Section 3.4 of the Summary, full force and effect; and (ii) no default by Tenant is existing either on (a) the premises under such New Lease containing no less than the number of rentable square feet day of the Premises as set forth in Section 2.2 of the Summary Early Termination Notice (i.e., contains more than 38,109 rentable square feetdefined herein), or (b) the Early Termination Date (defined herein); and provided (iii) Tenant provides Landlord with reasonable evidence that Tenant is not then in default of this Lease beyond any applicable notice and cure periodit will be moving into a Broward County owned or leased building or facility, then Tenant shall have the right to terminate this the Lease without prior to the payment expiration of any penalty the Additional Extension Term (“Early Termination Right”), subject to the terms and conditions hereof. Tenant (through its County Administrator or termination fee by delivering designee), in order to exercise its Early Termination Right, shall provide Landlord with written notice of its desire to terminate the Lease (the “Tenant Early Termination Notice”) to Landlord not less than thirty (30) days prior ), and subject to the commencement date under such New Leaseterms of this provision, and in the event such Tenant Termination Notice is timely delivered by Tenant to Landlord, then this Lease shall terminate effective as on the year anniversary of the date which is five Early Termination Notice (5) business days following the commencement date under such New Lease (the “Tenant Early Termination Date”). To For avoidance of doubt and illustration purposes only, if Tenant provides Landlord with the extent Early Termination Notice on October 1, 2025, the Early Termination Date shall be October 1, 2026. If Tenant timely exercises its right to terminate this Early Termination Right and complies with the terms and conditions of the Lease, pursuant to as modified by this Sixth Amendment, the terms of this Section 2.3Parties, then this Lease shall terminate effective as of the Tenant Early Termination Date with the same force and effect as if the Lease were scheduled to expire in accordance with its terms as of such Tenant Early Termination Date, subject to the shall have no further obligation or liability in connection with this Lease, except for those provisions of this Lease which expressly that survive the expiration or earlier termination of this Leasethereof.

Early Termination Right. In the event that Landlord and Tenant fully execute and deliver a new lease agreement (the “New Lease”) for other space in the Project during the Lease Term (or other space in a project owned by an affiliate of Landlord) which satisfies the following conditions: Provided (i) a term for such New this Lease which extends beyond has not been terminated previously pursuant to the Lease Expiration Date provisions of this Lease as set forth in Section 3.4 of the Summary, or pursuant to law; and (ii) the premises under such New Lease containing no less than the number of rentable square feet of the Premises as set forth in Section 2.2 of the Summary (i.e., contains more than 38,109 rentable square feet), and provided that Tenant is not then in default beyond the applicable period (x) under any of the terms, covenants or conditions of this Lease on Tenant’s part to be observed or performed (other than the covenant to pay Fixed Rent) beyond any the applicable notice and cure periodperiods set forth in this Lease or (y) of the covenant to pay Fixed Rent, then Tenant shall have the right to terminate this Lease without and the payment Term as of the last day of any penalty or termination fee by delivering written notice calendar month (which day is referred to as the “Tenant Earlier Termination NoticeDate”) by notice to Landlord not less than thirty exercising such right at least six (306) days months prior to the commencement Earlier Termination Date. Tenant shall continue to pay the Fixed Rent and any Additional Rent payable by Tenant under the provisions of this Lease up to and including the Earlier Termination Date. Time is of the essence with respect to the giving of such notice and any notice given after the date under as defined above purporting to exercise such New Lease, option shall be void and of no force or effect. Such notice of termination shall be given in accordance with the provisions of Article 18. In the event Tenant shall give any such Tenant Termination Notice is timely delivered by Tenant notice of termination pursuant to Landlord, then the provisions of this Lease Section and shall terminate effective as otherwise comply with the conditions of the date which is five (5) business days following the commencement date under such New Lease (the “Tenant Early Termination Date”). To the extent Tenant exercises its exercise of Tenant’s right to terminate this Lease, pursuant to the terms of this Section 2.3, then this Lease and the Term shall terminate effective as of come to an end and expire on the Tenant Early Tenant’s Earlier Termination Date with the same force and effect as if though said date were the Lease were scheduled to expire in accordance with its terms as of such Tenant Early Termination Expiration Date, subject unless sooner terminated pursuant to the provisions any other term, covenant or condition of this Lease which expressly survive the expiration or earlier termination of this Leasepursuant to law.

Early Termination Right. In the event that Landlord and Tenant fully execute and deliver a new lease agreement (the “New Lease”) for other space in the Project during the Lease Term (or other space in a project owned by an affiliate of Landlord) Landlord during the Lease Term which New Lease satisfies the following conditions: (i) a term for such New Lease which extends beyond the Lease Expiration Date of this Lease as set forth in Section 3.4 of the SummaryLease, and (ii) the premises under such New Lease containing contains no less than the number of 80,000 rentable square feet of the Premises as set forth in Section 2.2 of the Summary (i.e., contains more than 38,109 rentable square feet)space, and provided that Tenant is not then in default of this Lease beyond any the applicable notice and cure periodperiods, then Tenant shall have the right to terminate this Lease without the payment of any penalty or termination fee by delivering upon not less than thirty (30) days’ prior written notice to Landlord (the “Tenant Termination Notice”) to Landlord not less than thirty (30) days prior to the commencement date under such New Lease, and in the event such ). Such Tenant Termination Notice is timely delivered by Tenant to Landlord, then shall set forth the termination date of this Lease shall terminate effective as of the date which is five (5) business days following the commencement date under such New Lease (the “Tenant Early Termination Date”). To the extent Tenant exercises its right to terminate this Lease, pursuant to the terms of this Section 2.3, then this Lease shall terminate effective as of the Tenant Early Termination Date with the same force and effect as if the Lease were scheduled to expire in accordance with its terms as of such Tenant Early Termination Date, subject to the provisions of this Lease which expressly survive the expiration or earlier termination of this Lease. [*] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

Early Termination Right. In the event that Landlord and Tenant fully execute and deliver a new lease agreement (the “New Lease”) for other space in the Project during the Lease Term (or other space in a project owned by an affiliate of Landlord) which satisfies the following conditions: (i) a term for such New Lease which extends beyond the Lease Expiration Date of this Lease as set forth in Section 3.4 of the Summary, and (ii) the premises under such New Lease containing no less than the number of rentable square feet of the Premises as set forth in Section 2.2 of the Summary (i.e., contains more than 38,109 rentable square feet), and provided that Tenant is not then in default of this Lease beyond any applicable notice and cure period, then Tenant shall have the one time right to terminate this Lease without the payment of any penalty or termination fee by delivering written notice (the “Tenant Termination NoticeRight”) to Landlord not less than thirty (30) days prior to the commencement date under such New Lease, and in the event such Tenant Termination Notice is timely delivered by Tenant to Landlord, then this Lease shall terminate effective as of the date which is five expiration of the 60th month of the Term (5) business days following the commencement date under such New Lease (the “Tenant Early Termination Date”); provided, however, that Tenant delivers to Landlord a written notice (“Termination Notice”), of its intent to exercise its Termination Right no later than the last calendar day of the 52nd month of the Base Term. To If Tenant timely and properly exercises the extent Termination Right, Tenant exercises its right shall vacate the Premises and deliver possession thereof to terminate Landlord in the condition required by the terms of this LeaseLease on or before the Termination Date and Tenant shall have no further obligations under this Lease except for those accruing prior to the Termination Date and those which, pursuant to the terms of this Section 2.3the Lease, then this Lease shall terminate effective as of the Tenant Early Termination Date with the same force and effect as if the Lease were scheduled to expire in accordance with its terms as of such Tenant Early Termination Date, subject to the provisions of this Lease which expressly survive the expiration or earlier early termination of the Lease (excluding, in any event, the obligation to pay any Rent which would have otherwise accrued under the Lease following the Termination Date if Tenant had not exercised its Termination Right). If Tenant does not deliver to Landlord the Termination Notice within the time period provided for in this Leaseparagraph, Tenant shall be deemed to have waived its Termination Right. Notwithstanding anything to the contrary contained herein, in the event that Tenant exercises its Expansion Right under Section 39 resulting in the actual expansion of the Premises, Tenant’s Termination Right under this Section 40 shall immediately expire and be of no further force or effect.

Early Termination Right. In the event that Landlord and Tenant fully execute and deliver a new lease agreement (the “New Lease”) for other space in the Project during the Lease Term (or other space in a project owned by an affiliate of Landlord) which satisfies the following conditions: (i) a term for such New Lease which extends beyond the Lease Expiration Date of this Lease as set forth in Section 3.4 of the Summary, and (ii) the premises under such New Lease containing no less than the number of rentable square feet of the Premises as set forth in Section 2.2 of the Summary (i.e., contains more than 38,109 rentable square feet), and provided that Tenant is not then in default of this Lease beyond any applicable notice and cure period, then Tenant shall have the right to terminate this Lease without the payment of any penalty or termination fee by delivering written notice (the “Tenant Termination Notice”) to Landlord not less than thirty (30) days prior to the commencement date under such New Lease, and in the event such Tenant Termination Notice is timely delivered by Tenant to Landlord, then this Lease shall terminate effective as of the date which is five (5) business days following the commencement date under such New Lease (the “Tenant Early Termination Date”). To the extent Tenant exercises its right to terminate this Lease, pursuant to the terms of this Section 2.3, then this Lease shall terminate effective as of the Tenant Early Termination Date with the same force and effect as if the Lease were scheduled to expire in accordance with its terms as of such Tenant Early Termination Dateright, subject to the provisions of this Section 11, to terminate the Lease which expressly (“Termination Right”) with respect to the entire Premises only as of last day of the 60th month after the Expansion Premises Commencement Date (“Early Termination Date”), so long as Tenant delivers to Landlord (i) on or before that date that is 9 months prior to the Early Termination Date, a written notice (“Termination Notice”), of its election to exercise its Termination Right, and (ii) concurrent with Tenant’s delivery to Landlord of the Termination Notice delivers, (a) a payment of $500,000, and (b) an amount equal to the then- current outstanding unamortized TI Rent (collectively, the “Early Termination Payment”). If Tenant timely and properly exercises the Termination Right, Tenant shall vacate the Premises and deliver possession thereof to Landlord in the condition required by the terms of this Lease on or before the Early Termination Date and Tenant shall have no further obligations under this Lease except for those accruing prior to the Early Termination Date and those which, pursuant to the terms of the Lease, survive the expiration or earlier early termination of the Lease. In the event that (x) Tenant does not deliver to Landlord the Termination Notice and the Early Termination Payment within the time period provided in this paragraph, or (y) Tenant exercises its Right of First Refusal under Section 39 of the Lease, Tenant shall be deemed to have waived its Termination Right and the provisions of this Section 11 shall have no further force or effect.