Break Option. 21.9.1 The Tenant may terminate this lease at any time after the first year of the Term on giving not less than twelve (12) months’ prior written notice to the Landlord provided that on expiry of any notice given by the Tenant to the Landlord the Tenant has:
Break Option. The Lessee and the Lessor have agreed a one-off break option after 3 (three) years (on 1 January 2019). The Lessee is therefore entitled to give notice to terminate its lease of the Leased Property no later than 31 December 2017. In that case, the rental period shall terminate on 31 December 2018.
Break Option. 2.1 The Tenant may terminate the Lease on either the last day of the third year of the Term or the last day of the fifth year of the Term (either a “Break Date”) subject to serving a notice in writing on the Landlord exercising the right to terminate the Lease (the “Break Notice”) not less than six (6) months prior to the Break Date and in this regard time shall be of the essence.
Break Option. (a)The Developer may terminate this Lease at any time during the Contractual Term by giving not less than 12 months' prior notice in writing (such notice to specify the break date) in the event that the legislation relating to the FIT or ROC is changed or revoked so as to materially affect (in the Developer's reasonable opinion) the FIT or ROC regime.
Break Option. The Landlord hereby affords to the Tenant the option to determine the present Lease on the following dates: 1st day of September 2006 or 1st day of September 2006 (herein collectively known as “the Break Option Date”). If the Tenant shall be desirous of determining this present Lease on the 1st day of September 2004 or 1st day of September 2005 then he shall deliver to the Landlord or leave for him or send to him by registered post at his last known place of address at least six months prior to the relevant Break Option Date written notice of such intention to determine the present Lease which said notice shall specify the relevant Break Option Date upon which this Lease will absolutely cease and determine. Notwithstanding the foregoing the Tenant shall continue to pay all rent and perform and observe all the covenants and conditions hereinafter contained and on his part to be performed and observed up to the relevant Break Option Date. Then and in the event of the exercise of such option to determine immediately on the 1st day of September 2006 or 1st day of September 2007, whichever is specified, this Lease shall cease and be void but without prejudice to any claim by either the Landlord or the Tenant against the other in respect of any antecedent breach of any covenant or condition hereinafter contained.
Break Option. The Lessee is to have the benefit of a break option at the end of the 10th year. No less than 3 months’ notice in writing is to be given by the Tenant to exercise the option. The break option is conditional upon the Tenant not being in material breach of any of the lease covenants and completion of the refurbishment works.
Break Option. 11.2.1 Without prejudice to the AUTHORITY’s other rights to terminate this Agreement (or any part of the Services pursuant to Clause 11.9) or otherwise at law or in equity, the AUTHORITY shall have the right to exercise the Break Option at any time after the Commencement Date by service on the CONTRACTOR of twelve (12) Month(s) prior written notice exercising the Break Option in accordance with the provisions of Clause 8.3. Upon service of notice in accordance with this Clause the performance of all Additional Services which the CONTRACTOR has not at that time commenced performance shall automatically be cancelled irrevocably as at the date of the notice.
Break Option. The Tenant has the right to break the agreement at every fifth anniversary of the commencement date. B&NES reserve the right to terminate the right of access over its privately owned land adjoining either the Pavilion or the Riverside walkway, by serving on the Landlord a notice to terminate such rights of access over the land coloured green and/or pink. In such an event B&NES will endeavour to make satisfactory arrangements to replace the right of way terminated but shall not be under any formal legal obligation to either provide an alternative route or to pay any compensation.
Break Option. Either party to be able to end the lease (and therefore the service level agreement) on the fifth anniversary of the term commencement date and each anniversary thereafter by giving the other not less than [six] months’ written notice. The intention is that the parties will review the success of the arrangements to date when deciding whether or not to exercise the Break Option. If the College can no longer justify the peppercorn rent due to not receiving sufficient benefit from nursery places and work experience it may decide to exercise the break but to grant a further lease at a commercial rent. However, this cannot be guaranteed at this stage. LANDLORD & TENANT ACT 1954: The lease is to be contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.
Break Option. The Lessee shall be entitled to terminate the Agreement at the fifth (5th) anniversary of the Commencement date, provided that the Lessee delivers a written notice no less than twelve (12) months before the fifth (5th) anniversary of the Commencement date. In such a case, Lessee shall be obliged to repay to the Lessor the outstanding amount of the total costs expended by the Lessor on performance of the Requested Changes in accordance with Article 12.6.4 hereof.
