Cancellation of Lease. Either Landlord or Tenant may cancel this Lease upon thirty (30) days' written notice to the other.
Cancellation of Lease. The Lessor may without notice re-enter and take possession of the premises and, with or without legal process, evict the Lessee from the premises under the following conditions: (1) rent is unpaid after it has become due and payable; (2) each condition and covenant contained in the Lease is not performed or fulfilled by the Lessee; (3) a petition in bankruptcy has been filed by or against the Lessee;
Cancellation of Lease. This Agreement shall be terminated prior to the expiration date upon Tenant’s payment of (1) rent payments until the premises are occupied by a new tenant; and (2) all reasonable expenses involved in securing another tenant (including, but not limited to: advertising, costs of showing premises to, and credit reports of prospective tenants); and (3) must be in compliance with Paragraphs 6 and 14. Xxxxxx Properties, Inc. hereby agrees to honor a Military transfer ONLY if it is a permanent change of station assignment of a greater distance than Fifty (50) miles from the current station and Tenant gives a Thirty (30) day written notice of such along with a copy of the transfer orders and last month’s rent. Offers of on-post housing DO NOT qualify.
Cancellation of Lease. In the event of the cancellation or termination of the Lease for any reason whatsoever or of the involuntary surrender of the Lease by operation of law prior to the expiration date of this Agreement, the rights of the R&DCo Group Members under this Agreement as to the Facility and Common Areas shall terminate.
Cancellation of Lease. In the event that any Lease permits cancellation thereof on payment of consideration and the privilege of cancellation is exercised, the payments made or to be made by reason thereof are hereby assigned to Lender, and if an Event of Default has occurred, shall be applied, at the election of Lender, to the Obligations in whatever order Lender shall choose in its discretion or shall be held in trust by Lender as further security, without interest, for the payment of the Obligations. Prior to such Event of Default, Borrower may use and apply such termination payments to expenses of the Property; provided, however, that Borrower shall notify Lender in writing of the receipt and amount of any such termination payments and the name of the tenant from whom such termination payment was received.
Cancellation of Lease. Nothing in this Lease shall prevent either party from canceling the lease upon (a) a substantial increase or decrease in pupil enrollment of the respective parties; (b) a substantial change in the needs and requirements of either party with respect to the premises; or (c) any change that substantially affects the needs and requirements of either party or the community in which they are located.
Cancellation of Lease. Pursuant to West Virginia Code § 18B-19-11(d), this Lease shall be cancelable at the option of the Lessee at the end of any fiscal year. In such event, the Lessee shall redeliver possession of the Equipment to Lessor, and upon such redelivery shall be relieved from any further obligations hereunder. Cancellation of the Lease pursuant to this section shall not be deemed an event of default.
Cancellation of Lease. The Lessee and/or Lessor may cancel the lease at any time during the Lease period by giving the Lessee or Lessor 30 business day’s notice in writing, provided that the Lessee shall, in any such event, be liable to pay to the Lessor on or before the date upon which the lease shall end in terms of the yearly termination, a penalty fee of R , which the Lessee agrees to be reasonable in the circumstances. The Lessee will still be liable for the monthly rent during the 30-day notice period. The deposit will not be utilized for payment during the cancellation notice period under any circumstances.
Cancellation of Lease. Waiver of Defaults--If there be any agreement between Landlord and Tenant providing for the cancellation of this Lease upon certain conditions or contingencies, or an agreement for the renewal hereof at the expiration of the Term, the right to such renewal or the execution of a renewal agreement between Landlord and Tenant prior to the expiration of such Term shall not be considered an extension thereof or a vested right in Tenant to such further Term, so as to prevent Landlord from cancelling this Lease and any such extension thereof during the remainder of the Term hereby granted; such privilege to cancel, if and when so exercised by Landlord, shall cancel and terminate this Lease and any such renewal or extension previously entered into between said Landlord and Tenant of the right of Tenant to any such renewal or extension; any right herein contained on the part of Landlord to cancel this Lease shall continue during any extension or renewal hereof; any option on the part of Tenant herein contained for an extension or renewal hereof shall not be deemed to give Tenant any option for a further extension beyond the first renewal or extended term. No act or thing done by Landlord or Landlord's agents during the Term hereby leased shall be deemed an acceptance of a surrender of said Leased Premises and, no agreement to accept such surrender shall be valid unless in writing signed by Landlord. No employee of Landlord or of Landlord's agents shall have any power to accept the keys of said Leased Premises prior to the termination of this Lease; the delivery of keys to any employee of Landlord or of Landlord's agents shall not operate as a termination of the Lease or a surrender of the Leased Premises. In the event of Tenant at any time desiring to have Landlord underlet the Leased Premises for Tenant's account, Landlord or Landlord's agents are authorized to receive said keys for such purposes without releasing Tenant from any of the obligations under this Lease, and Tenant hereby relieves Landlord of any liability for loss of or damage to any of Tenant's effects in connection with such underletting. The failure of Landlord to seek redress for violation of, or to insist upon the strict performance of, any covenant or condition of this Lease, or any of the Rules and Regulations annexed hereto and made a part hereof, or hereafter adopted by Landlord shall not prevent a subsequent act, which would have originally constituted a violation, from having all the force ...
Cancellation of Lease. DOE may cancel this Lease if the Realty Officer determines that the Lessee has failed to comply with any provision of this Lease including reasonable diligence. Failure of DOE to exercise its rights to cancel shall not be deemed to be a waiver thereof.
