Common use of Early Termination Option Clause in Contracts

Early Termination Option. Tenant shall have the option (the “Early Termination Option”) to terminate this Lease by giving thirty (30) days prior written notice to Landlord at any time after February 1, 2013 (the “Early Termination Notice”), time being of the essence. If Tenant exercises the Early Termination Option, the Lease shall terminate thirty (30) days following Landlord’s receipt of Tenant’s Early Termination Notice; provided, however, the Lease shall in no event terminate before March 3, 2013.

Early Termination Option. Tenant shall have the an option (the “Early Termination Option”) to terminate this Lease by giving thirty (prior to the expiration of the Primary Lease Term at any time after April 30) days prior , 2012. Tenant shall provide written notice to Landlord of its intention to exercise such early termination option at any time after February 1least 60 days prior to the requested termination date and, 2013 with the written notice, Tenant shall pay a termination fee representing liquidated damages to the Landlord of Fifty Thousand U.S. Dollars (the “Early Termination Notice”$50,000), time being of the essence. If Tenant exercises the Early Termination Option, the Lease shall terminate thirty (30) days following Landlord’s receipt of Tenant’s Early Termination Notice; provided, however, the Lease shall in no event terminate before March 3, 2013.

Early Termination Option. Tenant shall have the option (the “Early Termination Option”) to may terminate this Lease as of the end of the 12th full calendar month of the Term by giving thirty (30) notifying Landlord at least 180 days prior written notice to the effective date of such termination and paying a termination fee of $4,000 on or before the effective date of such termination. Such payment is made in consideration for Xxxxxxxx’s grant of this termination option to compensate Landlord at any time after February 1, 2013 (the “Early Termination Notice”), time being for concessions given to Tenant and for other good and valuable consideration. The termination fee does not constitute payment of the essence. If Tenant exercises the Early Termination Option, the Lease shall terminate thirty (30) days following rent to Landlord’s receipt of Tenant’s Early Termination Notice; provided, however, the Lease shall in no event terminate before March 3, 2013.