Cancellation Options Sample Clauses

Cancellation Options. The obligations of both Tenant and Landlord under this Lease are expressly conditioned upon Tenant's procurement of a liquor license, and the City of Huntington Beach (the "City") approval of Tenant's use of the Leased Premises and Tenant's procurement of a building permit for the mutually agreed upon modifications to the Leased Premises. In the event Tenant is unable to procure the liquor license or approval for either its intended use of the Leased Premises, as specified in Article 5 of the Lease, or a building permit, Tenant shall have the Option to Cancel the Lease by giving Landlord written notice, along with reasonable evidence of City rejection, not later than ninety (90) days from the date this Lease is signed by both Landlord and Tenant. Tenant agrees to apply for the liquor license, City approval of Tenant's use, and submit its plans to the City for plan check not later than forty-five (45) days from the date the Lease is signed by the parties. In the event Tenant fails to apply for the liquor license, City approval of use, or fails to submit its plans to the City within said forty-five (45) day period, Landlord shall have the Option to Cancel the Lease by giving Tenant written notice to cancel within ten (10) days following the forty-five (45) day period. In the event that the Tenant fails to take possession and to open the Leased Premises for business fixtured, stocked and staffed within two hundred seventy (270) days from the date both Tenant and Landlord have signed this Lease, then the Landlord shall have the option, but not the obligation, to cancel this Lease, in which event, both parties shall be released of any further liability under this Lease. In such event, Landlord shall be entitled to retain the Advance Rent specified in Section 2.01A below. All obligations of Tenant set forth in this section shall be subject to and extended during any period of force majeure but in no event shall the period of time Tenant has to perform its obligations be later than twelve (12) months from the date both Tenant and Landlord have signed the Lease.
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Cancellation Options. With respect to Section 3.3 of the Lease, Tenant shall have no right to designate either the 2lst Floor or the 22nd Floor as a “Removed Floor.”
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Cancellation Options. In addition to other termination rights provided in this Lease, Tenant shall have the cancellation rights set forth in this Section 35. 35.1 Fifty Percent (50%) ** Completion. Tenant shall have the right to cancel this Lease and, at Tenant’s option, the ** Lease, upon written notice to Landlord, on or before the date which is ten (10) days after Tenant receives notice from Landlord that the construction of the ** is 50% complete, as determined by the architect hired by Landlord to design the **, provided, however, that Tenant shall pay to Landlord, as a condition precedent to such cancellation, an amount equal to one hundred twenty-five percent (125%) of Landlord’s Costs (as defined in Section 13.4 but without taking into account the exclusions stated therein) from the date hereof to the date of cancellation, such payment to be made on or before the fifth business day after Landlord shall have provided Tenant with a written notice setting forth the amount thereof and including appropriate supporting documentation. ** Omitted pursuant to a confidential treatment request. The confidential portion has been filed separately with the SEC. Upon compliance by Tenant with the notice and payment obligations described herein above, within the time limitations set forth herein above, this Lease and, if cancelled by Tenant, the ** Lease, shall be and remain null and void and of no further force or effect.
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Cancellation Options. (a) Provided Tenant is not in default of its Lease, Tenant shall have the option to terminate the lease after the expiration of the fifth lease year by providing Landlord with written notice no later than nine (9) months prior to the end of the fifth lease year. (b) In the event Tenant exercises its option to terminate, two (2) months prior the termination date (the end of the fifth lease year), Tenant shall pay to Landlord an amount of $150,000. (c) Should Tenant elect not to terminate the lease, the lease shall remain in full force and effect. The option to terminate is offered exclusively to Tenant and may not be assigned, pledged or otherwise transferred except to a party to whom Tenant assigns this Lease pursuant to Section 10.04 hereof (d) Provided Tenant is not in default under the terms of this Lease, Tenant shall have the option to terminate this Lease on the date which is seven and a half (7 1/2) years after the Commencement Date by providing Landlord with written notice no later than nine (9) months prior to said date. In the event Tenant exercises said option to terminate, Tenant shall pay to Landlord $375,000 two (2) months prior to the termination date. In the event Tenant does not exercise said option to terminate, this Lease shall remain in full force and effect. If Tenant has provided the $75,000 security deposit to the Landlord as stipulated in the Limited Guarantee, said security deposit shall be credited against the $375,000 termination fee described above.
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Cancellation Options. Tenant shall have the option to terminate this Lease in accordance with the following terms:
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Cancellation Options. Paragraph II.B of the Original Lease, as amended by the First Amendment, and as amended by the Second Amendment (with respect only to the Expanded Leased Premises (as defined in the Second Amendment)) shall apply to the Building D Expansion Space.
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Cancellation Options. 1. Tenant may cancel this Lease effective at the end of the 60th month by giving Landlord at least six (6) months prior written notice of its intent along with a lump sum payment for the unamortized portion of all Tenant Improvements paid for by Landlord (amortized at 14%) for Phase I and Phase II expansions, and by paying an additional payment equal to the actual, verifiable cost of eliminating the staircase and returning the space into two separate floors. 2. Tenant may cancel this Lease effective at the end of the 36th month by giving Landlord at least six (6) months prior written notice of its intent along with a lump sum payment for the unamortized portion of all Tenant Improvements paid for by Landlord (amortized at 14%) for Phase I and Phase II expansions, and by paying additional payments equal to the actual, verifiable cost of eliminating the staircase and returning the space into two separate floors, and an additional payment equal to six (6) months of Telemate's then prevailing rent for Phases I and II.
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Cancellation Options. Landlord and Tenant each shall have the option to cancel the Term of this Lease prior to the Expiration Date in accordance with the terms and conditions of EXHIBIT G attached hereto and made a part hereof for all purposes.
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Cancellation Options 
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Related to Cancellation Options

  • Cancellation Rights If the offer of a place and its acceptance are both made entirely at distance by means of post, fax or electronic communication without either parent meeting face to face with a member of the School staff during the contractual process the Parents may cancel this agreement at any time within 14 days of the date of the acceptance form. In such circumstances the Acceptance Deposit and the Additional Deposit, if paid, will be refunded together with any Fees paid pro-rated if the School has provided any educational services under this agreement.

  • Cancellation Terms The contract is concluded between the member and the Caisse two (2) business days following the member's receipt of this agreement (the "Effective Date"). The member is deemed to have received this agreement five (5) business days after it has been mailed or after the date of receipt in AccèsD, as applicable. Unless the member notifies the Caisse in writing within three (3) business days of the contract's Effective Date (the "Cancellation Deadline"): (i) that the information shown on the agreement is not in accordance with his/her request, or (ii) that he/she does not accept all of the terms and conditions applicable to this agreement the member shall be deemed to have provided the instructions indicated in this agreement and to have accepted all conditions described herein. If the member cancels the agreement before the Cancellation Deadline, the initial deposit invested by the member will be returned to him/her in full and without fees or interest.

  • Cancellation of Options In exchange for the consideration described in Section 1.2 below, the Participant hereby agrees that the Award Agreement and the Participant’s interests in the Underwater Options shall be cancelled, terminated, and of no further force or effect, effective as of the Effective Date, and that neither the Company nor the Participant shall have any further rights or obligations with respect to the Award Agreement, the Underwater Options, or with respect to which any shares of Common Stock that could have been acquired upon vesting and exercise of the Underwater Options.

  • Cancellation Notice Each of the insurance policies will be specifically endorsed to require the insurer to provide the Authority with 30 days written notice (or 10 days for non-payment of premium) prior to the cancellation of the policy. The endorsement will specify that such notice will be sent to: Hillsborough County Aviation Authority Attn.: Chief Executive Officer Tampa International Airport Post Office Box 22287 Xxxxx, Xxxxxxx 00000

  • Cancellation of Shares If the Corporation shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement). Such shares shall be deemed purchased in accordance with the applicable provisions hereof, and the Corporation shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

  • Cancellation of Warrants In the event the Company shall purchase or otherwise acquire Warrants, the same shall thereupon be cancelled and retired. The warrant agent (if so appointed) shall cancel any Warrant surrendered for exchange, substitution, transfer or exercise in whole or in part.

  • Cancellation of Surrendered Warrants All Warrant Certificates surrendered pursuant to Article 3 shall be cancelled by the Warrant Agent and upon such circumstances all such Uncertificated Warrants shall be deemed cancelled and so noted on the register by the Warrant Agent. Upon request by the Corporation, the Warrant Agent shall furnish to the Corporation a cancellation certificate identifying the Warrant Certificates so cancelled, the number of Warrants evidenced thereby, the number of Common Shares, if any, issued pursuant to such Warrants and the details of any Warrant Certificates issued in substitution or exchange for such Warrant Certificates cancelled.

  • Cancellation/Termination EY may terminate this Purchase Order in whole or in part, with or without cause, at any time and without liability, upon written notice to Supplier. In the event of any termination, Supplier shall promptly refund to EY any fees paid for Services or Work Product(s) that have not been provided as at the effective date of termination, and no further fees shall be due from EY in respect of the Services or Work Product(s). Termination or expiry of this Purchase Order for any reason shall not affect the accrued rights and obligations of the parties at the date of termination or expiry (as applicable).

  • Cancellation of Services (a) ARTC will request the HVCCC to inform ARTC on a weekly basis of the total number of cancelled services assigned to the Access Holder in the previous week by the Live Run Superintendent Group, as collated and reported by the HVCCC, and whether the total number of cancellations assigned to the Access Holder in that week has had, in the reasonable opinion of the HVCCC, an impact on Capacity, Coal Chain Capacity or the Capacity entitlement of another access holder in that week. (b) To avoid doubt, the number of cancelled services assigned to the Access Holder, as collated and reported by the HVCCC, may include cancellations of services scheduled to be used or operated by or on behalf of another access holder where the cancellation was assigned to the Access Holder by the Live Run Superintendent Group. (c) If ARTC is informed by the HVCCC that the cancellations in clause 11.6(a) have had, in the reasonable opinion of the HVCCC, an impact on Capacity, Coal Chain Capacity or the Capacity entitlement of another access holder, then ARTC may remove Path Usages from the Access Holder’s Base Path Usages in the Period immediately following the Period in which the cancellations had an impact on Capacity, Coal Chain Capacity, or the contractual entitlement of another access holder. (d) If Base Path Usages are removed in accordance with this clause 11.6(c), ARTC will delete the number of removed Path Usages from the Access Holder’s Annual Contracted Path Usages in the relevant Train Path Schedule by notice to the Access Holder. To avoid doubt, a cancellation or a reduction of Path Usages made available to the Access Holder as a result of a Capacity Shortfall under clause 6 will not constitute a cancellation under this clause 11.6. (e) The number of Path Usages to be removed from the Access Holder under (i) in respect of the number of cancellations assigned to the Access Holder due to a single event be no more than two; and (ii) in total will be no more than the number of cancellations reported in clause 11.6. (f) If ARTC is informed by the HVCCC that the cancellations reported in this clause 11.6 have had, in the reasonable opinion of the HVCCC, an impact on Capacity, Coal Chain Capacity or the Capacity entitlement of another access holder, but ARTC has not removed Base Path Usages from the Access Holder, then ARTC will provide written reasons for its decision not to remove Base Path Usages from the Access Holder to: (i) the HVCCC; or (ii) if requested, the Access Holder where it is not a member of the HVCCC, subject to any confidentiality restrictions, within 10 Business Days of making that decision. (g) To avoid doubt, the Access Holder’s obligation to pay TOP Charges will be unaffected by the removal of Base Path Usages under this clause 11.6. (h) Clause 14 does not apply to any determination by ARTC under this clause 11.6. (i) In exercising its rights under clause 11.6, ARTC is entitled to rely on information provided by, and the recommendations and opinions of, the HVCCC. (j) This clause 11.6 is subject to any changes arising from the review under section 5.8 of the Access Undertaking.

  • Cancellation for convenience 19.1 The Commonwealth may cancel this Agreement by notice, due to (a) a change in government policy; or (b) a Change in the Control of the Grantee, which the Commonwealth believes will negatively affect the Grantee’s ability to comply with this Agreement. 19.2 The Grantee agrees on receipt of a notice of cancellation under clause 19.1 to: (a) stop the performance of the Grantee's obligations as specified in the notice; and (b) take all available steps to minimise loss resulting from that cancellation. 19.3 In the event of cancellation under clause 19.1, the Commonwealth will be liable only to: (a) pay any part of the Grant due and owing to the Grantee under this Agreement at the date of the notice; and (b) reimburse any reasonable expenses the Grantee unavoidably incurs that relate directly to the cancellation and are not covered by 19.3(a). 19.4 The Commonwealth’s liability to pay any amount under this clause is subject to: (a) the Grantee's compliance with this Agreement; and (b) the total amount of the Grant. 19.5 The Grantee will not be entitled to compensation for loss of prospective profits or benefits that would have been conferred on the Grantee.

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