Common use of BREAK CLAUSE Clause in Contracts

BREAK CLAUSE. 8.1 Either the Landlord or the Tenant may terminate the Contractual Term on or at any time after the Break Date , by giving not less than six (6) months’ previous notice in writing to the other party; 8.2 Any notice given by the Tenant shall operate to terminate the Contractual Term only if: 8.2.1 The Principal Rent reserved by this lease has been paid by the time of such termination; and 8.2.2 the Tenant yields up the Property free from any subleases and other third party occupational interests on termination; 8.3 Upon termination the Contractual Term shall cease but without prejudice to any claim in respect of any prior breach of the obligations contained in this lease; 8.4 If this Lease is terminated in accordance with this clause 8 the Landlord shall promptly reimburse the Tenant in respect of any sums received which relate to a period following termination of this Lease. 8.5 Time shall be of the essence for the purposes of this Clause.

BREAK CLAUSE. 8.1 Either the Landlord or the The Tenant may terminate the Contractual Term on or at any time after the Break Date , by giving to the Landlord not less than six twelve (612) months’ previous notice in writing to the other partywriting; 8.2 Any notice given by the Tenant shall operate to terminate the Contractual Term only if: 8.2.1 The the Principal Rent reserved by this lease has have been paid by the time of such termination; and 8.2.2 the Tenant yields up the Property free from any subleases and other third party occupational interests on termination; 8.3 Upon termination the Contractual Term shall cease but without prejudice to any claim in respect of any prior breach of the obligations contained in this lease; 8.4 If the Tenant terminates this Lease is terminated in accordance with this clause 8 the Landlord shall promptly reimburse the Tenant in respect of any sums received which relate to a period following termination of this Lease. 8.5 Time shall be of the essence for the purposes of this Clause.

BREAK CLAUSE. 8.1 Either the Landlord or the The Tenant may terminate the Contractual Term on or at any time after the Break Date , 1 or Break Date 2 or Break Date 3 by giving to the Landlord not less than six twelve (612) months’ previous notice in writing to the other partywriting; 8.2 Any notice given by the Tenant shall operate to terminate the Contractual Term only if: 8.2.1 The the Principal Rent reserved by this lease has have been paid by the time of such termination; and 8.2.2 the Tenant yields up the Property free from any subleases and other third party occupational interests on termination; 8.3 Upon termination the Contractual Term shall cease but without prejudice to any claim in respect of any prior breach of the obligations contained in this lease; 8.4 If the Tenant terminates this Lease is terminated in accordance with this clause 8 the Landlord shall promptly reimburse the Tenant in respect of any sums received which relate to a period following termination of this Lease. 8.5 Time shall be of the essence for the purposes of this Clause.