Common use of Contingencies to Early Termination Clause in Contracts

Contingencies to Early Termination. Provided that: (a) the Termination Notice is timely received by Landlord; and (b) Tenant complies with all the requirements contained in Section 25.3; and then, as of the Early Termination Date, Tenant and Landlord shall be released from liability for any of their respective obligations hereunder, except for such obligations as specifically herein continue after the expiration or earlier termination of this Lease and except for any outstanding amounts of Rent owed to Landlord for the time period on and prior to the Early Termination Date. In the event Tenant fails to vacate the Premises and surrender legal possession thereof on or before the Early Termination Date, this Article 25 shall be null and void as of the Early Termination Date and this Lease shall remain in full force and effect in accordance with its terms. If Tenant fails to comply with the requirements of this Section 25.2 or fails to pay the statement rendered to it by Landlord within the specified time period, which failure shall include but not be limited to Tenant’s check being returned by the bank for insufficient funds, such failure shall constitute a material default of this provision and shall serve to nullify the terms and conditions of this provision, in which case this Lease shall continue in full force and effect for the remainder of the initial Term.

Appears in 2 contracts

Samples: Office Lease (Blackline, Inc.), Office Lease (Blackline, Inc.)

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Contingencies to Early Termination. Provided that: (a) the Termination Notice is duly and timely received by Landlord; ; b) Tenant is not in default under the Lease (following delivery of any required notice and expiration of any applicable cure period) as of the date the Termination Notice is received by Landlord and as of the Early Termination Date, and (bc) Tenant complies with all the requirements contained in this Section 25.3; and 13, then, as of the Early Termination Date, Landlord and Tenant and Landlord shall be released from liability for any of their respective obligations hereunderunder the Lease, as amended hereby, except for such obligations as specifically herein continue after the expiration or earlier termination of this Lease and except for any outstanding amounts of Rent owed to Landlord for the time period on and prior to the Early Termination Date. In the event Tenant fails to vacate the Premises and surrender legal possession thereof on or before the Early Termination DateLease, this Article 25 shall be null and void as of the Early Termination Date and this Lease shall remain in full force and effect in accordance with its termsamended hereby. If Tenant fails to comply with the requirements of this Section 25.2 13 or fails to pay the statement rendered to it by Landlord within the Termination Consideration (as defined below) as specified time periodin Section 13 below, which failure shall include but not be limited to Tenant’s check being returned by the bank for insufficient fundsany reason whatsoever, such failure shall constitute a material default of this provision and shall serve to nullify the terms and conditions of this provisionSection 13, in which case this Lease the Lease, as amended hereby, shall continue in full force and effect for the remainder of the initial Term.

Appears in 1 contract

Samples: Office Lease (ReachLocal Inc)

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Contingencies to Early Termination. Provided that: (a) the Termination Notice is duly and timely received by Landlord; ; b) Tenant is not in default under this Lease (following delivery of any required notice and expiration of any applicable cure period) as of the date the Termination Notice is received by Landlord and as of the Early Termination Date, and (bc) Tenant complies with all the requirements contained in Section 25.3; and 26.3, then, as of the Early Termination Date, Landlord and Tenant and Landlord shall be released from liability for any of their respective obligations hereunder, except for such obligations as specifically herein continue after the expiration or earlier termination of this Lease and except for any outstanding amounts of Rent owed to Landlord for the time period on and prior to the Early Termination Date. In the event Tenant fails to vacate the Premises and surrender legal possession thereof on or before the Early Termination Date, this Article 25 shall be null and void as of the Early Termination Date and this Lease shall remain in full force and effect in accordance with its termsLease. If Tenant fails to comply with the requirements of this Section 25.2 26.2 or fails to pay the statement rendered to it by Landlord within the Termination Consideration (as defined below) as specified time periodin Section 26.3 below, which failure shall include but not be limited to Tenant’s check being returned by the bank for insufficient fundsany reason whatsoever, such failure shall constitute a material default of this provision and shall serve to nullify the terms and conditions of this provisionArticle 26, in which case this Lease shall continue in full force and effect for the remainder of the initial Term.

Appears in 1 contract

Samples: Office Lease (ReachLocal Inc)

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