Early Termination of Lease Agreement. The Company shall have the option to terminate this Lease Agreement at any time upon filing with the Agency a certificate signed by an Authorized Representative of the Company stating the Company’s intention to do so pursuant to this Section and stating the date upon which such payments required by Section 11.2 hereof shall be made (which date shall not be less than forty five (45) nor more than 90 days from the date such certificate is filed) and upon compliance with the requirements set forth in Section 11.2 hereof.
Early Termination of Lease Agreement. Resident acknowledges there is no right to early termination of the Lease Agreement and Resident will not be released from this Lease Agreement for any reason, including, but not limited to, school changes including voluntary or involuntary withdrawal or transfer, job changes including voluntary or involuntary separation or transfer, marriage, separation, divorce, reconciliation, loss of roommates or occupants, bad health, viruses, pandemic diseases and/or the Apartment Community is sold. However, Resident may have special statutory rights under state law to terminate the Lease Agreement in certain situations involving family violence, certain sexual offenses, stalking, or a military deployment or transfer by providing the required proof per state law and company policy. In the event of Resident’s death, all Rent, charges, removal and storage costs, and damages to the Premises are due until the Premises are vacated.
Early Termination of Lease Agreement. In the event that IAMSA and COMPANY enter into a new lease for additional premises in any IAMSA development (the “Additional Premises”), COMPANY shall have the right to terminate this Lease Agreement upon the delivery of written notice to IAMSA. COMPANY’s termination right under this paragraph may be exercised at any time after COMPANY’s commencement of beneficial occupancy of the Additional Premises and shall be effective upon delivery to IAMSA, at which time this Lease Agreement shall terminate.
Early Termination of Lease Agreement. 37 Section 11.2 Conditions to Termination of Lease Agreement 37 Section 11.3 Conveyance on Termination 38 ARTICLE XII LENDER PROVISIONS 38 Section 12.1 Subordination of Lease Agreement 38 Section 12.2 Mortgage and Pledge of Agency’s Interests to Lender 38 Section 12.3 Pledge of Company’s Interest to Lender 38 Section 12.4 Making of Loans; Disbursement of Loan Proceeds 38 Section 12.5 References to Lender, Loan or Mortgage 39 ARTICLE XIII ENVIRONMENTAL MATTERS 39 Section 13.1 Environmental Representations of the Company 39 Section 13.2 Environmental Covenants of the Company 40 Section 13.3 Survival Provision 42 ARTICLE XIV MISCELLANEOUS 43 Section 14.1 Notices 43 Section 14.2 Binding Effect 44 Section 14.3 Severability 44 Section 14.4 Amendments, Changes and Modifications 44 Section 14.5 Execution of Counterparts 44 Section 14.6 Applicable Law 44 Section 14.7 List of Additional Equipment; Further Assurances 44 Section 14.8 Survival of Obligations 44
Early Termination of Lease Agreement. 28 Section 11.2 Conditions to Early Termination of Lease Agreement.........................................29 Section 11.3
Early Termination of Lease Agreement. The Lessee shall ------------------------------------ have the option to terminate this Lease Agreement, as to all or a portion of the Campus at any time during the Lease Term (i) upon filing with the Lessor a certificate signed by an authorized representative of the Lessee stating the Lessee's intention to do so pursuant to this Section and the date upon which such payments pursuant to Section 11.2 hereof shall be made (which date shall not be less than 45 nor more than 90 days from the date such certificate is filed) and (ii) upon compliance with the requirements set forth in Section 11.2 hereof.
Early Termination of Lease Agreement. On 1 June 2020, 上海祥宸行置業有限公司 (Shanghai Xxxxx Xxxx Hang Place The Industry Co. Limited*) (the “Lessee”), a wholly owned subsidiary of the Company, entered into the Lease Agreement with 上海康墨企業管理諮詢有限公司 (Shanghai Kangmo Enterprise Management Consulting Co., Ltd.*) (the “Lessor”), pursuant to which the Lessee agreed to rent and the Lessor agreed to lease the whole building, No.0000, Xxxxxx Xxxxxx, Xxxxxx Xxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx* with an aggregated gross floor area of approximately 7958.79 square meters (the “Leased Property”) with a term from 1 June 2020 to 31 October 2028. Pursuant to the Lease Agreement, (i) the rental expense incurred from renting of the Leased Property is approximately RMB4,000,000.00 per annum and the Lessee shall pay the rental expenses every half year; and (ii) the Lessee shall undertake the Lessor’s outstanding renovation cost of the Leased Property of approximately RMB32,000,000.00 in the following schedule as to RMB10,000,000.00 for 1 June 2020 to 30 May 2021, RMB5,000,000.00 per annum for 1 June 2021 to 30 May 2025 and RMB2,000,000.00 for 1 June 2026. During the terms of the Lease Agreement, the Lessee has entered into operating leases with third parties, with the purpose of subleasing the Leased Property to generate rental income from the sub- lessees. These subleases come with terms varying between four and eight years. In or around June 2023, the Lessor became aware that the People’s Government of Qingpu District, Shanghai had issued a land acquisition notice namely 沪（青）征地告 [2023] 第59號 (“Land Acquisition Notice”) to acquire the land encompassing the area where the Leased Property is situated. Consequently, the Lessor notified the Lessee of its intention to exercise its rights to terminate the Lease Agreement (“Termination”) in accordance with Clause 9-1(3) thereof, which essentially entitles the Lessor to carry out the Termination in the event of government’s land acquisition without any liability for compensation or otherwise. Notwithstanding to the aforementioned, the Lessor and the Lessee have engaged in negotiations and entered a termination agreement dated 30 June 2023 (“Termination Agreement”) with the aim of reaching a full and final settlement regarding the Termination, principal terms of which are set forth hereinbelow.
Early Termination of Lease Agreement. The Institution shall have the option to terminate this Lease Agreement at any time that the Bonds are subject to redemption in whole under the Indenture and upon filing with the Issuer and the Trustee a certificate signed by an Authorized Representative of the Institution stating the Institution's intention to do so pursuant to this Section and the date upon which such payment shall be made (which date shall not be less than forty-five (45) nor more than ninety (90) days from the date such certificate is filed), and upon compliance with the requirements set forth in Section 11.2 hereof.
Early Termination of Lease Agreement. The Company shall have the option to terminate this Lease Agreement and the Company Lease (even upon an Event of Default hereunder by the Company) at any time during the lease term, subject to Investor and Lender consent as required by Section 14.4 hereof, upon filing with the Agency a certificate signed by an Authorized Representative of the Company stating the Company’s intention to do so pursuant to this Section and stating the date upon which such payments required by Section 11.2 hereof shall be made (which date shall not be less than forty five (45) nor more than 90 days from the date such certificate is filed) and upon compliance with the requirements set forth in Section 11.2 hereof.
Early Termination of Lease Agreement. 28 Section 11.2 Conditions to Early Termination of Lease Agreement..............28 Section 11.3 Obligation to Purchase Facility.................................29 Section 11.4 Conveyance on Purchase..........................................29 ARTICLE XII MISCELLANEOUS..................................................................29
