CANCELLATION BY THE LESSEE Sample Clauses

CANCELLATION BY THE LESSEE. At any time after the month of the Term, the Lessee may give the State notice, in compliance with Section 16 of the Lease, of the Lessee’s election to terminate this Lease, or any renewal thereof, on a day therein mentioned and not fewer than ( ) days from the date of such notice; and thereupon this Lease, or the renewal thereof, shall terminate on the day set forth in the notice with the same force and effect as though that day were the last day of the Term of this Lease. Upon the submission of the cancellation notice, or another date that is agreed upon by the Parties, the Lessee shall pay a cancellation fee to the State, in the amount of and 00/100 dollars ($ ), which sum is not a penalty, but rather liquidated damages representing .
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CANCELLATION BY THE LESSEE of a lease requires the prior express written consent of the Lessor. Without prejudice to the Lessor's right to full compensation, the Lessor is entitled to compensation in the event of termination of a lease on account of the Lessee's failure to comply with its obligations or in the event that the Lessor consents to cancellation by the Lessee. The amount of the compensation depends on the time that has elapsed between the conclusion of the lease and the moment when the lease is dissolved by the Lessor or is cancelled by the Lessee as a proportion of the full lease term. Unless expressly agreed otherwise in writing, the compensation will in any case be fixed in accordance with the following graduated scale: • if termination/cancellation takes place 3 days prior to the commencement date of the lease, the compensation payable by the Lessee to the Lessor will be 50% of the agreed rent for the agreed period, or at any rate the lease price that applies to one month's rent; • if the Equipment has already been delivered, the compensation paid by the Lessee to the Lessor will be 100% of the agreed rent for the agreed period, or in any event the rent will be equal to one month's rent, without prejudice to the right to full compensation. VIAVAC vacuum lifting bv +31 (0)348 - 449 660 CoC/Trade-reg 30130509 IBAN: XX00 XXXX 0000 0000 00 0x Xxxxxxxxxxxx 0 xxxx@xxxxxx.xxx VAT/VAT ID NL 8179.72.572.B01 SWIFT RABO EN 2U • If the rented Equipment is not returned to the Lessor in good condition, the Lessee will owe the rent, in addition to compensation for damage, by way of a user fee, until such time as the Lessor has returned the Equipment in good condition without prejudice to the right to full compensation.
Sample 1
CANCELLATION BY THE LESSEE. Except for deviating stipulations in the Quotation and/or Order Confirmation, the Lessee can only cancel part or all of the order without costs if the following conditions are met: If it concerns the rental of a crane equal up to or less than 200 tons: cancellation must take place no later than 2 p.m. on the last working day before the day on which the Lessor was to deliver the Equipment or the Lessee would collect the Equipment. If it concerns the rental of a crane of more than 200 tons: Document name AK-Legal--General Bare Rental Terms & Conditions Version 1 Date 17/11/2022 cancellation must take place no later than 2 p.m. three (3) working days before the day on which the Lessor was required to deliver the Equipment, or the Lessee would collect the Equipment. For example: a crane of more than 200 tons is initially rented starting from a Monday, then it must be cancelled no later than the Wednesday preceding that Monday before 14:00, failing which costs as described above will be due. If it concerns the rental of a crawler crane: cancellation must be made no later than 2 p.m. six (6) weeks before the day on which the Lessor was required to deliver the Equipment, or the Lessee would collect the Equipment. In the event of non-compliance with these conditions, the Lessee will owe the entire rental price as determined on the basis of the indicative rental term stated in the Quotation, including the costs arising from the cancellation, unless the Quotation and/or the Order Confirmation stipulate otherwise. The cancellation must be made in writing. The date of receipt of this letter by the Lessor shall be deemed to be the date of cancellation.
Sample 1
CANCELLATION BY THE LESSEE. 6.1 Unless the lease agreement is cancelled, the lessee shall continue to owe the full amount of the contractually agreed rent. This amount shall remain payable, even if, for any reason whatsoever, the lessee is not using the leased space.
Sample 1
CANCELLATION BY THE LESSEE. Any cancellation shall be notified to the LESSOR by registered letter with recorded delivery.
Sample 1
CANCELLATION BY THE LESSEE. Except for deviating stipulations in the Quotation and/or Order Confirmation, the Lessee can only cancel the order without costs if cancellation is made no later than 2 p.m. three (3) working days before the day on which the Lessor was required to deliver the Equipment, or the Lessee would collect the Equipment. For example: an ACE - System with xxxxx is initially hired starting on a Monday, it must be cancelled no later than the Wednesday preceding that Monday before 14:00, failing which charges as described above will be due. In the event of non-compliance with these conditions, the Lessee will owe the entire rental price as determined on the basis of the indicative rental term stated in the Quotation, including the costs arising from the cancellation, unless the Quotation and/or the Order Confirmation stipulate otherwise. The cancellation must be made in writing. The date of receipt of this letter by the Lessor shall be deemed to be the date of cancellation.
Sample 1

Related to CANCELLATION BY THE LESSEE

  • Cancellation by the Association If (a) the right of the Borrower to make withdrawals from the Credit Account shall have been suspended with respect to any amount of the Credit for a continuous period of thirty days, or (b) at any time, the Association determines, after consultation with the Borrower, that an amount of the Credit will not be required to finance the Project’s costs to be financed out of the proceeds of the Credit, or (c) at any time, the Association determines, with respect to any contract to be financed out of the proceeds of the Credit, that corrupt or fraudulent practices were engaged in by representatives of the Borrower or of a beneficiary of the Credit during the procurement or the execution of such contract, without the Borrower having taken timely and appropriate action satisfactory to the Association to remedy the situation, and establishes the amount of expenditures in respect of such contract which would otherwise have been eligible for financing out of the proceeds of the Credit, or (d) at any time, the Association determines that the procurement of any contract to be financed out of the proceeds of the Credit is inconsistent with the procedures set forth or referred to in the Development Credit Agreement and establishes the amount of expenditures in respect of such contract which would otherwise have been eligible for financing out of the proceeds of the Credit, or (e) after the Closing Date, an amount of the Credit shall remain unwithdrawn from the Credit Account, the Association may, by notice to the Borrower, terminate the right of the Borrower to make withdrawals with respect to such amount. Upon the giving of such notice, such amount of the Credit shall be canceled.”

  • TERMINATION BY THE CONTRACTOR If the Work is stopped for a period of thirty days under an order of any court or other public authority having jurisdiction, or as a result of an act of government, such as a declaration of a national emergency making materials unavailable, through no act or fault of the Contractor or a Subcontractor or their agents or employees or any other persons performing any of the Work under a contract with the Contractor, or if the Work should be stopped for a period of thirty days by the Contractor because the Architect has not issued a Certificate for Payment as provided in Paragraph 9.7 of these General Conditions or because the State has not made payment thereon as provided in Paragraph 9.7, then the Contractor may, upon seven additional days written notice to the State and the Architect, terminate the Contract and recover from the State payment for all Work executed and for any proven loss sustained upon any materials, equipment, tools, construction equipment and machinery, including reasonable profit and damages.

  • Termination by the HSP (a) The HSP may terminate this Agreement at any time, for any reason, upon giving 6 months’ Notice (or such shorter period as may be agreed by the HSP and the Funder) to the Funder provided that the Notice is accompanied by: satisfactory evidence that the HSP has taken all necessary actions to authorize the termination of this Agreement; and a Transition Plan, acceptable to the Funder, that indicates how the needs of the HSP’s clients will be met following the termination and how the transition of the clients to new service providers will be effected within the six-month Notice period.

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