Early Termination and Termination Payments Sample Clauses

Early Termination and Termination Payments. (a) Provided that no Event of Default has occurred and is then continuing and no facts or circumstances exist, either at the time of Tenant's notice to Landlord or on the date such termination would otherwise be effective, which, with the giving of notice or the passage of time, or both, would constitute an Event of Default, Tenant shall have the right to terminate this Lease (the “First Termination Option”) effective on the date which is the last day of the seventy-fifth (75th) month of the Primary Term (the “Seventy Fifth Month Effective Termination Date”). In order to exercise the First Termination Option, Tenant shall notify Landlord of such exercise in writing (the “Seventy Fifth Month Termination Notice”) at least one hundred (180) days prior to the Seventy Fifth Month Effective Termination Date (the “First Termination Deadline”) of such termination, and together with the Seventy Fifth Month Termination Notice, Tenant shall deliver to Landlord an amount equal to Six Hundred Eighty Six Thousand Four Hundred Thirty Four and No/100 Dollars ($686,434.00) as an agreed-upon payment as liquidated damages (the “