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BREAK RIGHT Sample Clauses

BREAK RIGHT. The Tenant may determine the Term upon service upon the Landlord of not less than six months prior written notice to that effect expiring on 24th March 1998 and upon payment on the sum of (pound)12,300 (excluding VAT) which payment shall be made upon service of the notice (time to be of the essence of this clause 10) IN WITNESS whereof this Deed has been duly executed THE FIRST SCHEDULE Rights Benefitting the Demised Premises The Landlord grants to the Tenant and where necessary and appropriate its sub-lessees permitted occupiers lawful visitors employees and agents (in common with the Landlord and all others entitled) the following rights:- 1. The free and uninterrupted passage and running of water soil gas electricity and other services through the Conduits which are now or may hereafter during the Term be provided by the Landlord for the benefit of the Mews as a whole in on over or under the Mews so far as is necessary for the use of the Demised Premises for the use hereby permitted 2. The right to use the Common Parts and the Internal Common Parts for all proper purposes in connection with the use and enjoyment of the Demised Premises 3. The right to display: 3.1 on the notice board at the entrance to the Mews and 3.2 on the exterior of the building (where appropriate) and 3.3 on the exterior of the internal wall adjacent to the Demised Premises (where appropriate) a name plate or sign in positions and of sizes to be specified and supplied by the Landlord showing the Tenant's name and any other details approved by the Landlord 4. The right of support shelter and protection from any part of the Mews affording the same 5. The right to park five private motor vehicles in the underground car park of the Mews in the spaces allocated from time to time by the Landlord together with all necessary rights of access thereto (but subject to the provisions of paragraph 5 of the Second Schedule) 6. The right in case of emergency only at all times of the day or night for the Tenant its employees visitors licensees and customers to pass over and through the areas shown hatched green on Plans No 1A and 1B including the fire escape staircase therein THE SECOND SCHEDULE Rights Excepted and Reserved EXCEPT AND RESERVED unto the Landlord and all other persons at any time authorised by the Landlord or otherwise entitled thereto for the benefit only of the remainder of the Mews and the Adjoining Property 1. The free and uninterrupted passage and running of water soil gas ele...
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BREAK RIGHT. 22.1 In this clause "Termination Date" means 10 March 2021. 22.2 Subject to the pre-conditions in clause 22.3 being satisfied on the Termination Date, and subject to clause 22.4, the Tenant may determine the Term on the Termination Date by giving the Landlord not less than six months' written notice. The Term will then determine on the Termination Date, but without prejudice to any rights of any party against any other for any antecedent breach of its obligations under this Lease. 22.3 The pre-conditions are that: 22.3.1 vacant possession of the whole of the Premises is given to the Landlord; 22.3.2 all Rent and VAT payable on it due under this Lease up to the Termination Date have been paid in full; and 22.3.3 all other sums due and demanded under this Lease up to the Termination Date have been paid in full. 22.4 The Landlord may waive any of the pre-conditions set out in clause 22.3 at any time before the Termination Date by written notice to the Tenant. 22.5 The Tenant will cancel any registration it has made in connection with this Lease within fifteen Business Days of the Tennination Date. 22.6 Time will be of the essence for the purposes of this clause. 22.7 The Landlord will as soon as reasonably practicable following the Termination Date reimburse to the Tenant the pro rata proportion of the Rent paid by the Tenant that relates to the period after the Termination Date to the next quarter day (having deducted from such sum any moneys due from the Tenant to the Landlord). This document has been executed as a deed and is delivered on the date stated at the beginning of it. Surveyors: Prepared by Sxxxxx Xxxxxxxx BA (Hons) MSc Pxxx Xxxxxx MRICS Date of Inspection: 25th September 2017 Date of Report: 3rd October 2017 Ref: LC/9807.emr
BREAK RIGHTBreak date: a date is at least (three) months after service of the Break Notice. Break Notice: Written notice to terminate this lease specifying the Break Date. 17.1 Either the Landlord or the Tenant may terminate this lease by serving a Break Notice at any time on or after 6 months from the date hereof on the other party. 17.2 A Break Notice served by the Tenant shall be of no effect if, at the Break Date: 1. the Tenant has not paid any part of the Annual Rent, or any VAT in respect of it, which was due to have been paid; and 2. vacant possession on the whole of the Property is not given; 17.3 Subject to clause 17.2, following the service of a Break Notice this lease shall terminate on the break date. 17.4 Termination of this lease on the Break Date shall not affect any other right or remedy that either party may have in relation to any earlier breach of this lease.
BREAK RIGHTFIRST SCHEDULE Rights Benefitting the Demised Premises SECOND SCHEDULE Rights Excepted and Reserved THIRD SCHEDULE Matters to which the Demised Premises are subject FOURTH SCHEDULE Provisions for Rent Review FIFTH SCHEDULE The Service Charge SIXTH SCHEDULE Form of Guarantee LEASE DATED 1993 1. PARTICULARS [GRAPHIC]
BREAK RIGHT. 5.9.1 In this clause 5.9 the following expressions have the following meanings respectively:-
BREAK RIGHT. [We and] [you] may determine this lease on the Break Date by serving on [us] [you] [each other] not less than [ ] months’ prior written notice to that effect. This lease shall only determine as a result of notice served by you under clause 5.9 if on the Break Date: the whole of the Premises are given back to us free of your occupation and the occupation of any other lawful occupier and without any continuing underleases; you have paid in full the Yearly Rent; and you have paid in full any insurance rent and service charge duly demanded [at least 21 days before the Break Date]. We may in our absolute discretion waive compliance with all or any of the conditions set out in clause 5.9.2 in which case the Term will still end on the Break Date but you shall remain liable to comply with the preconditions afterwards. If the provisions of this clause 5.9 are complied with then upon the Break Date this lease shall determine but without prejudice to any right of action of us in respect of any previous breach by you of this lease. Time is of the essence in respect of this clause 5.9. [but nothing in this Clause 5.9 has the effect of making time of the essence in relation to the rent review provisions in this lease]. Any notice of determination served under this clause 5.9 shall be irrevocable. On the Break Date you shall send to us the original of this lease, a release of any charge on the Premises (where appropriate) and any other title documents to the Premises but it is expressly acknowledged that any failure to comply with this obligation (with the exception of the release of any charge) does not affect determination of this lease. If you do not exercise your rights under clause 5.9.1 and a new tenancy is granted by virtue of any rights which you may have at the relevant time, we (without acknowledging that such rights will or may exist) and you agree that the new tenancy will not contain provisions equivalent or similar to those contained in clause 5.9 of this lease unless we and you expressly agree otherwise.

Related to BREAK RIGHT

  • Break Period All employees working in full time (7 or 7.5 hour) positions shall be permitted a fifteen (15) minute rest period both in the first half and the second half of a shift.

  • Break-Up Fee On the date the Petitions are filed (the "Petition Date"), RAG shall file a motion (after consulting with and obtaining the input from counsel to UDC) seeking a hearing date on approval of the Transition Agreement in the form attached hereto as Exhibit B, and the Break-Up Fee (as defined below) on or before the tenth day following the Petition Date. Such motion shall request the UDC's claim for the Break-Up Fee be afforded status as a superpriority administrative claim secured by a lien on the Reliance Entities' assets. The Bankruptcy Court order approving the Transition Agreement and the Break-Up Fee shall be reasonably satisfactory in form and substance to each Party hereto (the "Break-Up Fee Order"). The Reliance Entities shall pay to UDC a $2,000,000 fee (the "Break-Up Fee") in the event that after the Bankruptcy Court has entered the Break-Up Fee Order, (a) RAG and UDC execute and deliver the Warrant Agreement and (b)(i) UDC terminates the Transition Agreement, the Servicing Agreement or this Agreement by written notice after the Reliance Entities materially breach the Transition Agreement or this Agreement at any time or the Servicing Agreement prior to the effective date of the Consensual Plan, as applicable (provided that at such time UDC is not then in breach of any of such Agreements); or (ii) the Transactions are not consummated solely as a result of the Reliance Entities' entering into an alternative transaction with a counterparty other than UDC; it being understood that the conditions described in clauses (a) and (b) shall not be satisfied if the Transactions are not consummated due to the failure of a condition to Closing set forth in paragraph 6 below to have been satisfied. UDC shall pay to the Reliance Entities a $2,000,000 fee (the "Reliance Break-Up Fee") in the event that after the Bankruptcy Court has entered the Break-Up Fee Order, the Reliance Entities terminate the Transition Agreement, the Servicing Agreement or this Agreement by written notice after UDC materially breaches the Transition Agreement or this Agreement at any time or the Servicing Agreement prior to the effective date of the Consensual Plan, as applicable (provided that at such time the Reliance Entities are not then in breach of any of such Agreements).

  • Break in Service No absence under any paid leave provisions of this Article shall be considered as a break in service for any employee who is in paid status, and all benefits accruing under the provisions of this Agreement shall continue to accrue under such absence.

  • Year of Service An Employee must complete at least Hours of Service during a Vesting Computation Period to receive credit for a Year of Service under Article V. [Note: The number may not exceed 1,000. If left blank, the requirement is 1,000.]

  • Performance of Service 2.1 Appendix A (General Provisions), Articles 1 through 16, governs the performance of services under this contract. 2.2 Appendix B sets forth the liability and insurance provisions of this contract. 2.3 Appendix C sets forth the services to be performed by the contractor.

  • Termination of Service (a) If, prior to the Expiration Date, the Participant’s Service with the Company shall terminate (the date of termination being the “Date of Termination”) by reason of a Normal Termination (as defined in the Plan), the Options shall remain exercisable until the earlier of the Expiration Date or the day three (3) months after the Date of Termination to the extent the Options were vested and exercisable as of the Date of Termination. (b) If the Participant’s Service with the Company shall cease prior to the Expiration Date by reason of death or disability, or the Participant shall die or become disabled while entitled to exercise any of the Options pursuant to paragraph 3(a), the Participant or the Participant’s legal representative, or, in the case of death, the executor or administrator of the estate of the Participant or the person or persons to whom the Options shall have been validly transferred by the executor or administrator pursuant to will or the laws of descent and distribution, shall have the right, until the earlier of the Expiration Date or one year after the date of death or disability, to exercise the Options to the extent that the Participant was entitled to exercise them on the date of death or disability. (c) If, prior to the Expiration Date, the Participant’s Service with the Company is terminated for “Cause” (as defined in the Plan), (i) unless otherwise provided by the Committee, the Options, to the extent not exercised as of the Date of Termination, shall lapse and be canceled, and (ii) all shares of Common Stock received pursuant to an exercise of the Options after such termination, in contravention of subsection (i) above, may be purchased by the Company at its discretion for the exercise price of such shares paid by the Participant. If the Participant’s Service relationship with the Company is suspended pending an investigation of whether the Participant shall be terminated for Cause, all the Participant’s rights with respect to the Options shall be suspended during the period of investigation. (d) If, prior to the Expiration Date, the Participant’s Service with the Company is terminated other than for Cause, a Normal Termination, death or disability, the Options, to the extent then vested and exercisable as of the Date of Termination, shall remain exercisable until the earlier of the Expiration Date or thirty (30) days after the Date of Termination. (e) After the expiration of any exercise period described in any of Sections 3(a) - (d) hereof, or otherwise upon the Expiration Date, the Options shall terminate together with all of the Participant’s rights hereunder, to the extent not previously exercised.

  • Award Confers No Rights to Continued Employment In no event shall the granting of the Award or its acceptance by the Employee give or be deemed to give the Employee any right to continued employment by the Company or any Affiliate of the Company.

  • PERIOD OF SERVICE The Grant Services will commence on the Start Date and shall expire on the End Date as set forth in the SUMMARY PAGE.

  • No Right of Continued Service Nothing in the Plan or this Agreement shall confer upon Participant any right to continued Service with the Company or any Affiliate.

  • Reemployment Rights Subject to the availability of a vacant position for which he/she is qualified, the laid off employee has the right to reemployment over outside candidates. Any employee who is laid off or retired in lieu of layoff, and is subsequently eligible for reemployment, shall be notified through certified mail by the District as to the date of the opening at his/her last address known to the District. The employee must respond in writing within seven (7) working days of issuance of the letter to be deemed to have declined the offer. Laid off employees are eligible for reemployment in the classification from which laid off for thirty-nine (39) months from the effective date of layoff and shall be employed in the reverse order of seniority. Their reemployment shall have preference over any other method of filling vacancies in classifications incurring layoff. An employee on a reemployment list shall be notified of promotional opportunities and shall be entitled to apply through the regular selection process. Regular employees who take voluntary demotions or voluntary reductions in assigned time in lieu of layoff shall be reemployed in their former classification or to positions in the former classification with increased assigned time as vacancies become available, for a period of thirty-nine (39) months plus twenty-four (24) months. Employees who are demoted in lieu of layoff shall remain on the reemployment list until their rights are exhausted, or until they have regained the assignment from which they were laid off. Regular employees who are eligible and elect to retire under Section 21.4.4 shall then be placed on a thirty-nine (39) month reemployment list in accordance with this regulation. The District agrees that when an offer of employment is made to an eligible person retired under this regulation, and the District receives within ten (10) workdays a written acceptance of this offer, the retired person shall be allowed sufficient time to terminate his or her retired status with Public Employees Retirement System.

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