Common use of Early Termination Right Clause in Contracts

Early Termination Right. Notwithstanding anything to the contrary set forth in this Lease, Tenant shall have the right to terminate this Lease at any time prior to the expiration of the Term hereof for any reason or no reason by providing written notice of such termination to Landlord at least sixty (60) days prior to the effective date thereof. In the event Tenant elects to terminate this Lease after construction has commenced but before a certificate of occupancy has been issued for the improvements constructed by Tenant on the Premises, then Landlord may require Tenant to raze, clear and dispose of such improvements at Tenant’s cost and expense.

Appears in 4 contracts

Samples: Air Rights Lease Agreement, Rights Lease Agreement, Air Rights Lease Agreement

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