Court Decree. In the event that any court having jurisdiction in the matter shall render a decision which has become final and which will prevent the performance by the Port of any of its obligations under this Lease, then either party hereto may terminate this Lease by written notice, and all rights and obligations hereunder (with the exception of any undischarged rights and obligations that accrued prior to the effective date of termination) shall thereupon terminate. If Lessee is not in default under any of the provisions of this Lease on the effective date of such termination, any Rent prepaid by Lessee shall, to the extent allocable to any period subsequent to the effective date of the termination, be promptly refunded to Lessee. Lessee is not entitled to any compensation at termination for the bargain value of the leasehold.
Appears in 10 contracts
Samples: Lease Agreement, Terminal Lease Agreement, Terminal Lease Agreement
Court Decree. In the event that any court having jurisdiction in the matter shall render a decision which has become final and which will prevent the performance by the Port Landlord of any of its obligations under this Lease, then either party hereto may terminate this Lease by written notice, and all rights and obligations hereunder (with the exception of any undischarged rights and obligations that accrued prior to the effective date of termination) shall thereupon terminate. If Lessee Tenant is not in default under any of the provisions of this Lease on the effective date of such termination, any Rent prepaid by Lessee Tenant shall, to the extent allocable to any period subsequent to the effective date of the termination, be promptly refunded to LesseeTenant. Lessee Tenant is not entitled to any compensation at termination for the bargain value of the leasehold.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
Court Decree. In the event that any court having jurisdiction in the matter shall render a decision which has become final and which will prevent the performance by the Port of any of its obligations under this LeaseAgreement, then either party hereto may terminate this Lease Agreement by written notice, and all rights and obligations hereunder (with the exception of any undischarged rights and obligations that accrued prior to the effective date of termination) shall thereupon terminate. If Lessee Concessionaire is not in default under any of the provisions of this Lease Agreement on the effective date of such termination, the Port shall refund any Rent prepaid by Lessee shallConcessionaire, to the extent allocable to any period subsequent to the effective date of the termination, . Concessionaire shall not be promptly refunded to Lessee. Lessee is not entitled to any compensation at termination for the bargain value of the leaseholdleasehold or any relocation expenses.
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Court Decree. In the event that any court having jurisdiction in the matter shall render a decision which has become final and which will prevent the performance by the Port of any of its obligations under this Lease, then either party hereto may terminate this Lease by written notice, and all rights and obligations hereunder (with the exception of any undischarged rights and obligations that accrued prior to the effective date of termination) shall thereupon terminate. If Lessee is not in default under any of the provisions of this Lease on the effective date of such termination, any Rent prepaid by Lessee shall, to the extent allocable to any period subsequent to the effective date of the termination, be promptly refunded to Lessee. Lessee is not entitled to any compensation at termination for the bargain value of the leasehold.. SECTION 161:5B ACCESS; EASEMENTS
Appears in 1 contract
Samples: Lease Agreement
Court Decree. In the event that any court having jurisdiction in the matter shall render a decision which has become final and which will prevent the performance by the Port Landlord of any of its obligations under this Lease, then either party hereto may terminate this Lease by written notice, and all rights and obligations hereunder (with the exception of any undischarged rights and obligations that accrued prior to the effective date of termination) shall thereupon terminate. If Lessee is not in default under any of the provisions of this Lease on the effective date of such termination, any Rent prepaid by Lessee shall, to the extent allocable to any period subsequent to the effective date of the termination, be promptly refunded to Lessee. Lessee is not entitled to any compensation at termination for the bargain value of the leasehold.
Appears in 1 contract
Samples: Lease Agreement
Court Decree. In the event that any court having jurisdiction in the matter shall render a decision which has become final and which will prevent the performance by the Port of any of its obligations under this LeaseAgreement, then either party hereto may terminate this Lease Agreement by written notice, and all rights and obligations hereunder (with the exception of any undischarged rights and obligations that accrued prior to the effective date of termination) shall thereupon terminate. If Lessee Concessionaire is not in default under any of the provisions of this Lease Agreement on the effective date of such termination, the Port shall refund any Rent prepaid by Lessee shallConcessionaire, to the extent allocable to any period subsequent to the effective date of the termination, and reimburse Concessionaire the Net Book Value of Leasehold Improvements. Concessionaire shall not be promptly refunded to Lessee. Lessee is not entitled to any compensation at termination for the bargain value of the leaseholdleasehold or any relocation expenses.
Appears in 1 contract
Samples: Lease and Concession Agreement
Court Decree. In the event that any court having jurisdiction in the matter shall render a decision which has become final and which will prevent the performance by the Port a party of any of its obligations under this LeaseAgreement, then either party hereto may terminate this Lease Agreement by written notice, and all rights and obligations hereunder (with the exception of any undischarged rights and obligations that accrued prior to the effective date of termination) shall thereupon terminate. If Lessee is not in default under any of the provisions of this Lease Agreement on the effective date of such termination, any Rent prepaid by Lessee shall, to the extent allocable to any period subsequent to the effective date of the termination, be promptly refunded to Lessee. Lessee is not entitled to any compensation at termination for the bargain value of the leasehold.
Appears in 1 contract
Samples: Lease Agreement
Court Decree. In the event that any court having jurisdiction in the matter shall render a decision which has become final and which will prevent the performance by the Port of any of its material obligations under this LeaseAgreement, then either party hereto may terminate this Lease Agreement by written notice, and all rights and obligations hereunder (with the exception of any undischarged rights and obligations that accrued prior to the effective date of termination) shall thereupon terminate. If Lessee Concessionaire is not in default under any of the provisions of this Lease Agreement on the effective date of such termination, any Rent rent or concession fees prepaid by Lessee Concessionaire shall, to the extent allocable to any period subsequent to the effective date of the termination, be promptly refunded to Lessee. Lessee is not entitled to any compensation at termination for the bargain value of the leaseholdConcessionaire.
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Court Decree. In the event that any court having jurisdiction in the matter shall render a decision which has become final and which will prevent the performance by the Port Landlord of any of its obligations under this Lease, then either party hereto may terminate this Lease by written notice, and all rights and obligations hereunder (with the exception of any undischarged rights and obligations that accrued prior to the effective date of termination) shall thereupon terminate. If Lessee Tenant is not in default under any of the provisions of this Lease on the effective date of such termination, any Rent prepaid by Lessee Tenant shall, to the extent allocable to any period subsequent to the effective date of the termination, be promptly refunded to LesseeTenant, along with Xxxxxx’s security deposit. Lessee Tenant is not entitled to any compensation at termination for the bargain value of the leasehold.
Appears in 1 contract
Samples: Lease Agreement
Court Decree. In the event that any court having jurisdiction in the matter shall render a decision which has become final and which will prevent the performance by the Port or Lessee of any of its obligations under this Lease, then either party hereto may terminate this Lease by written notice, and all rights and obligations hereunder (with the exception of any undischarged rights and obligations that accrued prior to the effective date of termination) shall thereupon terminate. If Lessee is not in default under any of the provisions of this Lease on the effective date of such termination, any Rent prepaid by Lessee shall, to the extent allocable to any period subsequent to the effective date of the termination, be promptly refunded to Lessee. Lessee is not entitled to any compensation at termination for the bargain value of the leasehold.
Appears in 1 contract
Samples: Lease Agreement