Cancellation of Lease. Either Landlord or Tenant may cancel this Lease upon thirty (30) days' written notice to the other.
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. 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. (a) In consideration of Landlord's agreement below to cancel and terminate the Lease as it pertains to the Twelfth Floor Space, Tenant has, simultaneously with its execution and delivery of this Agreement, (i) paid to Landlord the sum of Five Hundred Thousand and No/100 Dollars ($500,000.00) (the "Termination Fee") in certified funds or via wire transfer in accordance with wire transfer instructions provided by Landlord to Tenant; and (ii) relinquished any and all claims Tenant has or may have had with respect to and surrendered to Landlord the security deposit on account with Landlord in the amount of Forty Six Thousand Nine Hundred Eighteen Dollars ($46,918.00). Subject to the payment of the Termination Fee and certain other conditions as set forth herein, Landlord and Tenant do hereby cancel and terminate the Lease as it pertains to the Twelfth Floor Space effective as of 11:59 p.m. on December 31, 2001 (the "Effective Termination Date"). As of the Effective Termination Date, Tenant shall have leased the Eighth Floor Space only, and from and after said date, any reference to Premises in the Lease shall mean the Eighth Floor Space.
(b) Upon the full and timely payment of the entire Termination Fee by Tenant and satisfaction of all of the other terms and conditions of this Agreement by Tenant, the Lease as it pertains to the Twelfth Floor Space shall be canceled and terminated, and it is agreed that, except as specifically set forth in Section 4 of this Agreement, neither Landlord nor Tenant shall have any further rights, liabilities or obligations under the Lease as it pertains to the Twelfth Floor Space from and after the Effective Termination Date; provided, however, nothing contained herein shall be construed as releasing Tenant from any and all obligations, liabilities and duties contained in the Lease as the same apply to the Eighth Floor Space. Landlord acknowledges that subsequent to the execution of this Agreement, it may determine that it has incurred a loss, damage or injury with respect to the Twelfth Floor Space related to the releases herein given, but which were unknown or unanticipated at the time of execution of this Agreement, or that it may have had claim(s) or cause(s) of action which were unknown or unanticipated at the time of the execution of this Agreement, and Landlord hereby expressly agrees that, except as specifically set forth in Section 4 of this Agreement, the releases herein given shall apply to all such unknown, existing a...
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. 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. 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. 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. 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. 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 Sublease, Sublessee agrees to make full and complete attornment to the Lessor under the Lease for the balance of the Sublease Term and upon the then executory terms hereof at the option of the Lessor at any time during Sublessee's occupancy of the Premises, which attornment shall be evidenced by an agreement in form and substance reasonably satisfactory to the Lessor. Sublessee agrees to execute and deliver such an agreement at any time within ten (10) business days after request of the Lessor, and Sublessee waives the provisions of any law now or hereafter in effect which may give Sublessee any right of election to terminate this Sublease or to surrender possession of the Premises in the event any proceeding is brought by the Lessor under the Lease to terminate the Lease.
