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 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).
b. If Tenant tenders the Early Termination Notice and concurrently pays the Early Termination Fee and any other Base Rent, Tenant’s Share of Operating Expenses and any other amounts then in arrears under the Lease (including without limitation all applicable interest and late fees) and cures all existing non-monetary defaults that are reasonably susceptible of being cured, then: (1)(i) Tenant shall continue to perform its obligations under the Lease, including, but not limited to, pay as and when due all Base Rent, Tenant’s Share of Operating Expenses and any other amounts due under the Lease through the Early Termination Date as well as any holdover rent due pursuant to Section 26 of the Original Lease if Tenant does not timely comply with clause (1)(ii) below; (ii) Tenant shall surrender possession of the Premises to Landlord in the condition required by the Lease on or before the Early Termination Date (it being acknowledged and agreed by the Landlord that Tenant’s surrender obligations do not include the remov...
EARLY TERMINATION OF LEASE. The lease terminates early if:
EARLY TERMINATION OF LEASE. If any housemate wishes to be released from their portion of the lease:
EARLY TERMINATION OF LEASE. If any roommate wishes to be released from their portion of the lease:
EARLY TERMINATION OF LEASE. Due to market conditions for this particular type of housing, the Student acknowledges and agrees to the Owner’s right to liquidated damages, that in the event the Student chooses to end his/her Lease early by abandonment or termination of the Lease, due to Student’s default prior to the ending date listed above. Student will be responsible, at the option of the Owner, to pay as liquidated damages to adequately compensate the Owner for an otherwise inestimable loss and not as a penalty, the rent due and owing for the full term of the Lease regardless of whether or not he/she is physically living in the Premises, unless and until, a replacement tenant has been secured in accordance with Section 15 of this Lease. This reserved right of the Owner is in addition to and not exclusive of or a limitation upon the Owner’s right as set forth in section 21 of the Lease.
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:
a. Tenant continues to pay all rent until the End Date of the Lease, or any Renewal Term, or until a new tenant is approved by Landlord and a new lease takes effect, whichever happens first, AND
b. Tenant gives Landlord written notice, AND
c. Tenant pays Landlord a Termination Fee of $250.00, AND
d. Tenant has vacated Property and removed all persons and personal property by or before the termination date.
EARLY TERMINATION OF LEASE. If any tenants wish to be released from the lease:
EARLY TERMINATION OF LEASE. In the event either Party breaches the terms or covenants of this Lease, the non-breaching Party shall send notice of the breach. The breaching Party has 7 days to cure the breach. If a cure is not accomplished within 7 days, the non- breaching Party may terminate this Lease by providing written notice of the same. The non-breaching Party shall remain obligated under the terms of this Lease, on a pro-rata basis through the effective date of termination.
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.
