Cancellation Clauses Sample Clauses
Cancellation Clauses. Where the tenant, or the Owner, has the right to cancel a lease prior to the expiration date, Manager shall initially be paid a commission based on the aggregate Minimum Base Rent for the uncancellable portion of the term, plus any cancellation penalty or fee payable by tenant pursuant to the lease. If, thereafter, the lease is not cancelled by the tenant or if the right of cancellation is exercised by Owner only, Manager shall be paid the balance of the commission based on the aggregate Minimum Base Rent for the remaining portion of the lease term, less the cancellation fee or penalty computed as if there had been no right of cancellation in the lease. A lease shall not be deemed cancelled within the meaning of this paragraph unless the tenant is not obligated to pay rent.
Cancellation Clauses. Where the tenant, or the Owner, has the right to cancel a lease prior to the expiration date, any and all cancellation provisions negotiated into a lease shall have a cancellation fee to be paid by the tenant and as a portion of that fee there shall be the unamortized leasing commissions. A lease shall not be deemed cancelled within the meaning of this paragraph unless the tenant is not obligated to pay rent.
Cancellation Clauses. Where the tenant, or Owner, has the right to cancel a Lease prior to the expiration date, Broker shall initially be paid a commission based on the aggregate Minimum Base Rent for the uncancellable portion of the term (with rent concessions averaged over the uncancellable portion of the term), plus any cancellation penalty or fee payable by tenant pursuant to the Lease. If, thereafter, the Lease is not cancelled by the tenant or if the right of cancellation is exercised by Owner only, the entire commission shall be recalculated based on the aggregate Minimum Base Rent for the entire lease term, less the cancellation fee or penalty, computed as if there had been no right of cancellation in the Lease, and the recalculated commission less the commission initially paid for the uncancellable portion of the lease term shall be paid to Broker. Said difference shall be paid to Broker within 30 days after it is finally determined that the tenant has not exercised its right to cancel and no longer has such right pursuant to the terms of the Lease, or, if later, in accordance with the provisions of Section 7 below. A Lease shall not be deemed cancelled within the meaning of this paragraph unless the tenant is not obligated to pay rent.
Cancellation Clauses. In the event that the Authority has the right to cancel a Cell Lease at a time subsequent to the execution of the Cell Lease, BSP shall be paid a fee for the entire Cell Lease term (excluding renewal options) as though such right to cancel did not exist.
Cancellation Clauses. In the event that CLIENT has the right to cancel an agreement at a time subsequent to the execution of the agreement, BSP shall be paid a fee for the entire agreement term (excluding renewal options) as though such right to cancel did not exist
Cancellation Clauses. The Client may cancel their place at no cost and be fully refunded of any fees already paid provided the Client has given the Company at least four weeks written notice prior to the course date.
Cancellation Clauses. Where a lease provides that a tenant has, or Owner and tenant each have, the right to cancel a lease after commencement of the lease term but prior to the expiration date set forth therein, then, at the time(s) set forth in paragraph 3 above, Owner shall pay to Colliers a commission which is computed by multiplying the rates set forth in paragraph 1 above by the sum of the total rental for the portion of the term which may not be cancelled plus the amount of any cancellation penalty or fee to be paid by the tenant in the event the lease is cancelled. If the lease is not cancelled, is waived, or if the right of cancellation is exercised by Owner only, Owner shall pay to Colliers an additional commission computed by multiplying the rates set forth in paragraph 1 above by the total rental for the balance of the term stated in the lease, less the cancellation penalty or fee. The additional commission so computed shall be paid at the time the right of cancellation lapses, is waived or is exercised, as the case may be. If the cancellation is made by mutual agreement and not pursuant to any provision contained in the lease, or if the right of cancellation is contingent on Owner’s acts or failure to act, or is otherwise within Owner’s control, Owner shall pay to Colliers a commission based upon the entire term stated in the lease without regard to a right of cancellation. DRAFT A lease shall not be deemed to be cancelled within the meaning of this paragraph unless the tenant vacates the leased premises. If the lease is cancelled and the tenant remains in possession of the leased premises under a new agreement, either oral or written, and if Colliers participates in negotiations of such new agreement, then Owner shall pay to Colliers a commission calculated in the manner set forth in this Schedule.
Cancellation Clauses. Where the Tenant, or the Landlord and the Tenant, have the right to cancel the lease at a time subsequent to the commencement of the term but prior to the expiration date set forth in the lease, Broker shall initially be paid a commission based on the aggregate rental for the uncancellable portion of the term. Broker shall be paid the balance of the commission based on the aggregate rental for the remaining portion of the lease term so long as the cancellation option is not exercised. If the cancellation is by mutual agreement not pursuant to a provision contained in the lease, or if the right of cancellation is contingent on the Landlord's acts or failure to act or otherwise within the Landlord's control, Broker shall be paid a commission for the entire lease term. A lease shall not be deemed cancelled within the meaning of this paragraph unless the Tenant vacates the premises. If the Tenant remains under a new arrangement, then Broker shall be entitled to a renewal commission for a period greater than the term of the original letting provided Broker participates in the new negotiations.