Common use of CANCELLATION BY THE LESSEE Clause in Contracts

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 .

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 Dollars ($ ), which sum is not a penalty, but rather liquidated damages representing .

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 .. REMAINDER OF THE PAGE IS INTENTIONALLY LEFT BLANK