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Common use of Buyout Clause in Contracts

Buyout. Tenant may terminate this Lease upon no less than sixty (60) days’ written notice and payment of a buyout fee that is equal to the discounted net present value of the remaining Base Rent due under the Lease and for purposes of this provision the discount rate shall be 10 percent (10%).

Appears in 5 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement