Termination by the Lessee. Notwithstanding anything contained in this Lease or under the Law, if it becomes impossible or unprofitable for the Lessee to continue running the business on the Lease Premises, the Lessee may terminate the Lease and vacate the Lease Premises after giving a ninety (90) days’ notice to the Lessor, and in such a case:- The Lessee shall pay all rent arrears if any up to the expiry of the termination notice; The Lessee shall be at liberty to remove all movable assets, equipment and machinery on the Premises on or before the expiry of the termination notice.
Termination by the Lessee. In case that the Lessor can neither complete the construction hereto nor anticipate that the construction shall be completed within time prescribed hereunder or the Lessor fails to complete the construction, caused by force majeure, or fail to register the lease, the Lessee shall be entitled to forthwith terminate this Agreement and demand the Lessor to return all payments received from the Lessee under this Agreement plus the interest at a rate of 7.5% per year calculated from the date the Lessor receives the payments until the date of the full payment of the refund to the Lessee.
Termination by the Lessee. (1) The Lessee may terminate the Agreement by submitting a notice of termination to the Lessor not later than thirty (30) days prior to such termination.
Termination by the Lessee. Notwithstanding Section 4(d), the Lessee may terminate this Agreement as to any Container of a particular size and type at the end of the Stated Term thereof and at any time thereafter, upon the election of the Lessee, at the Lessee's sole and absolute discretion, if Variable Rent specifically allocable to the Set Containers of that size and type, calculated in a manner analogous to Section 6(c), for the most recent calendar quarter that can be reasonably calculated by the Lessee, is less than fourteen percent (14%) of the aggregate Container Cost of Containers of that size and type then under lease hereunder multiplied by a fraction the numerator of which is the number of days in that quarter and the denominator of which is 365.
Termination by the Lessee. Upon the Lessor committing any Event of Default the Lessee may by giving written notice to the Lessor terminate this Lease.
Termination by the Lessee a. Should the lessee be compelled by “force majeure” to leave the apartment before the lapse of the lease, then provided Lessee gives notice thereof one (1) month in advance, following the expiry of six (6) months from the signing of this Agreement, this lease shall be terminated at the end of the said month, provided however that such entitlement shall only be deemed validly exercised if upon service of notice no rent is outstanding. During this notice the Lessor or his agent/representative reserves the right to show and view the said property to other potential future tenants/clients;
Termination by the Lessee. 3.3.1 Termination prior to the Lock-in-Period The Lessee shall have the right to terminate the Deed prior to the Lock-in-Period in the event of default, non-observance or breach by the Lessor of this Deed or due to the occurrence of an event of Force Majeure as per Clause 12.3 or if the Lessor is declared bankrupt or becomes insolvent or makes an assignment for the benefit of creditors. In case, the Lessee terminates the lease or vacates the premises (other than due to any default, non-observance or breach by the Lessor of this Deed or due to the occurrence of an event of Force Majeure or bankruptcy of the Lessor) prior to the expiry of the Lock-in-Period, it will be liable to pay Rent for the remaining Lock-in-Period.
Termination by the Lessee. (a) The Lessee shall have the right to terminate this Agreement and the letting hereunder solely as to the premises in its entirety, such termination to be effective on February 28, 2001 (such date being hereinafter referred to as the "Effective Date of Termination"), provided, that (1) the Lessee shall have given to the Port Authority unconditional written notice of its election so to terminate, received by the Port Authority not later than May 31, 2000 and (2) such notice shall be accompanied by a certified or cashier's check in the amount of Twenty Three-Thousand Four Hundred Seven Dollars and No Cents ($23,407.00) payable to the Port Authority and drawn on a banking institution having its main office within the Port of New York District.
Termination by the Lessee. (a) The Lessee shall have the right to terminate this Agreement and the letting hereunder, as to the entire premises or, at the election of the Lessee, as to each of Area A, Area A-1 or any contiguous block of Additional Space consisting of more than fifty thousand (50,000) rentable square feet, such termination to be effective solely on the day preceding the tenth (10th) anniversary of the Lease Commencement Date, provided, that (1) the Lessee shall have given to the Port Authority unconditional written notice of its election so to terminate, received by the Port Authority not later than five hundred forty-eight (548) days prior to such tenth (10th) anniversary of the Lease Commencement Date and (2) such notice shall be accompanied by a certified or cashier's check, payable to the Port Authority and drawn on a banking institution having its main office within the Port of New York District, in an amount equal to the sum of (i) in the event that the Lessee has elected to terminate the letting of Area A, One Million Four Hundred Eighty-four Thousand Ninety-five Dollars and No Cents ($1,484,095.00), plus (ii) in the event that the Lessee has elected to terminate the letting of Area A-1, One Million Four Hundred Seventy-nine Thousand Seven Hundred Dollars and No Cents ($1,479,700.00), plus (iii) in the event that the Lessee has elected to terminate the letting of any Additional Space added to the premises pursuant to the provisions of the Section of this Agreement entitled "Additional Space", for each such Additional Space, an amount equal to the product of the number of rentable square feet in such Additional Space multiplied by the dollar amount set forth in the column headed "Termination Payment Per Rsf" on the schedule attached hereto, hereby made a part hereof and marked "Schedule E" opposite the number of months in the period commencing on the commencement of the letting of such Additional Space and ending on such tenth (10th) anniversary (without regard to whether the letting of such Area or Additional Space is terminated by itself, together with other portions of the premises or as part of the entire premises).
Termination by the Lessee. Subject to Clause 23.6(a) (Cure Periods) and Clause 23.9 (Bare Boat Charter), the Lessee may terminate this Agreement with immediate effect upon giving notice (setting out full particulars of the relevant breach and/or reason for termination) to the Owner and Operator if:
