EARLY TERMINATION OF LEASE. If the tenant moves out before the lease is over they automatically forfeit their security deposit. The tenant will be responsible for paying the full rent for the month they are moving in, as well as the next months rent. Tenants must allow access to the property within the last 30 days of their move out for showings and inspections.
EARLY TERMINATION OF LEASE. 6. If any roommate wishes to be released from their portion of the lease:
EARLY TERMINATION OF LEASE. Tenant anticipates that its business operation may grow during the Renewal Term and such growth could require Tenant to need additional space. In the event Tenant notifies Landlord in writing, requesting additional space consisting of 11,837 contiguous square feet or more and Landlord is unable to accommodate Tenant’s expansion requirements within one of the following buildings: Inglewood Tech Center 1, 2, 3, 4, or 5, Tenant shall have the right to terminate the Lease at the end of the Fourth Rental Year of the Renewal Term, provided Tenant is not in default of any term, covenant or condition of the Lease. Tenant shall exercise the right granted herein by delivering written notice to Landlord of its intention to terminate twelve (12) months prior to the date Tenant intends to terminate. Failure by Tenant to deliver such written notice within the time period stipulated herein shall constitute a waiver of tenant’s right of termination. If Tenant elects to terminate the Lease as provided herein, Tenant shall pay to Landlord as Additional Rent, an early termination fee in an amount equal to due unamortized costs of the Tenant Improvements, which sum shall be calculated on a straight-line basis over the Renewal Term; plus (i) that portion of the broker’s commission due for the remainder of the Renewal Term (based upon a total broker’s commission of $70,038.33), and (ii) an amount equal to three (3) months of the Annual Basic Rent for the Fifth Rental Year of the Renewal term. Upon receipt of Tenant’s notice exercising its right to terminate, Landlord will notify Tenant of the exact amount of termination fee due. Tenant shall have fifteen (15) days from the date of such notice to pay the specified termination fee. If such termination fee is not paid to Landlord within said fifteen day period, Tenant’s notice exercising its right to terminate the Lease shall be deemed void and inoperative. If this Lease is terminated as provided herein, the parties agree to execute an instrument which confirms and effects a release and surrender of all right title and interest in and to the Premises pursuant to the terms of the Lease and otherwise.
EARLY TERMINATION OF LEASE. The lease terminates early if:
EARLY TERMINATION OF LEASE. 3.1. Either the City or DIRT RIDERS may terminate this Agreement before its expiration by giving one year’s written notice to the other party.
EARLY TERMINATION OF LEASE. 1. If Party B intends to terminate this Agreement before the expiration of the lease term, Party B shall provide written notice to Party A two months in advance. During this two-month notice period, Party B shall continue to pay the rent, regardless of whether Party B has vacated the Leased Premises.
EARLY TERMINATION OF LEASE. Tenant may end this Lease and move out of the Property before the End Date of the Lease or any Renewal Term only with written permission of Landlord, and only if:
EARLY TERMINATION OF LEASE. Since early termination of this lease would cause financial loss to Landlord, Landlord will release Tenant from the terms of this lease only under the following conditions: 1). Tenant agrees to forfeit any security deposit held by Landlord to cover Landlord’s expense in seeking another tenant. 2).Tenant continues to pay the monthly rent payments to Landlord until the start date of a new Tenant’s lease, if Landlord fills the vacancy. 3). This lease shall remain in effect, with its original terms and conditions until said new Tenant’s lease date. Landlord agrees to make diligent effort to find another tenant for the premises by advertising the vacancy continuously in a local newspaper and placing a “For Rent” sign outside the apartment. Failure of Tenant to abide by these terms will constitute a breaking of the lease by Tenant, with consequences as noted in the section above.
EARLY TERMINATION OF LEASE. Lessee acknowledges there is no right to early termination of this Lease Agreement and neither Lessee nor Lessee’s Guarantor shall be released from this Lease for any reason.
EARLY TERMINATION OF LEASE a. If the “Transactions” defined in that certain Agreement and Plan of Merger dated on or about even date herewith by and among Vestis Retail Group, LLC (“Parent”), Everest Merger Sub, Inc. (“Merger Sub”) and Tenant (as the same may be amended, the “Merger Agreement”) are consummated, including without limitation the occurrence of the “Merger Closing” (as such term is defined in the Merger Agreement), then at any time from and after the “Effective Time” (as such term is defined in the Merger Agreement), Tenant shall have the right to terminate the Lease by providing Landlord with written notice of termination (the “Early Termination Notice”) at least two hundred seventy (270) days prior to the termination date (the “Early Termination Date”) set forth in the Early Termination Notice and concurrently paying Landlord in cash or cash equivalents a termination fee (the “Early Termination Fee”) determined as follows: (1) if the Early Termination Notice is tendered to the Landlord at least two hundred seventy (270) days prior to the Early Termination Date but less than three hundred sixty five (365) days prior to the Early Termination Date, then the Early Termination Fee shall be Three Hundred Thousand Dollars ($300,000.00); or (2) if the Early Termination Notice is tendered to the Landlord at least three hundred sixty five (365) days prior to the Early Termination Date, then the Early Termination Fee shall be Two Hundred Thousand Dollars ($200,000.00).
