Early Termination Options. Subject to the conditions contained herein and without limitation of Lessee’s purchase obligation pursuant to Section 18.2, on (a) any Business Day during the Term, provided Lessee has not elected the Sale Option, or (b) on any Business Day after the occurrence of an Event of Default, Lessee may, at its option, purchase all, but not less than all, of the Subject Property (the “Early Termination Option”) at a price equal to the Purchase Amount. The Early Termination Option shall terminate automatically and without notice upon the occurrence of an Event of Default arising as a result of an Insolvency Event. Upon the occurrence of any other Event of Default, Lessee shall be permitted to purchase the Subject Property so long as Lessee pays the Collateral Agent or Lessor the Purchase Amount and Lessee executes such documents as are necessary to consummate such purchase within 10 Business Days after Lessee’s receipt of written notice of the Lessor’s exercise of any remedy under Section 16.2 hereof or Section 24.2(d) hereof. Except as provided for in the preceding sentence, in order to exercise the Early Termination Option, Lessee shall deliver to Lessor and the Collateral Agent, a written notice (the “Purchase Notice”) not less than thirty (30) days’ prior to the date upon which it intends to consummate the Early Termination Option, which Purchase Notice shall be irrevocable when made. If the Lessee exercises the Early Termination Option then, upon the Lessor’s receipt of all amounts due in connection therewith, the Lessor shall transfer to the Lessee all of the Lessor’s right, title and interest in and to the Subject Property in accordance with the procedures set forth in Section 21.1, such transfer to be effective as of the date specified in the Purchase Notice. The Lessor agrees that it shall cooperate with the Lessee in effecting any transfer to a designee of the Lessee pursuant to this Section 18.1.
Early Termination Options. The following early termination rights exist on the terms and conditions set forth below:
Early Termination Options. Provided that (a) Tenant has not assigned the Lease or sublet any portion of the Premises and (b) Tenant is not in default under the Lease, Tenant shall have a one (1) time option to terminate the Lease (the “Tenant Termination Option”), effective on the commencement date of a new lease with Landlord for larger premises within Landlord’s portfolio (the “New Lease”). Tenant shall exercise the Tenant Termination Option by delivering to Landlord written notice (the “Tenant Termination Notice”) of such election to terminate the Lease concurrently with execution of the New Lease and if Tenant properly delivers the Tenant Termination Notice, then the Lease shall terminate and be of no further force or effect (except for those obligations that expressly survive the termination of the Lease) on the commencement date of such new lease. Landlord shall have a one (1) time right to terminate the Lease with respect to the Existing Premises (the “Landlord Termination Option”) at no additional cost to Landlord. Landlord shall exercise the Landlord Termination Option by delivering to Tenant written notice of such election to terminate the Lease at least eighteen (18) months prior to December 31, 2025 (the “Landlord Termination Notice”) and if Landlord properly delivers the Landlord Termination Notice, then the Lease shall terminate and be of no further force or effect (except for those obligations that expressly survive the expiration or earlier termination of the Lease) on December 31, 2025. The date when the Lease is terminated pursuant to this Section shall be referred to herein as the “Early Termination Date”. Tenant shall return the Premises to Landlord on the Early Termination Date in accordance with the terms of the Lease, including, but not limited to, Section 10.06. Upon the delivering of the Tenant Termination Notice or Landlord Termination Notice, any and all rights of Tenant to extend the Lease Term shall immediately be void and of no further force or effect. All obligations of either party to the other which accrue under the Lease on or before the Early Termination Date shall survive such termination.
Early Termination Options. Section 29.
Early Termination Options. Subtenant shall have two (2) early termination options (each a “Termination Option”). First, Subtenant has the right to terminate the Sublease effective March 31, 2020, upon advance, written notice to Sublandlord, which notice must be delivered to Sublandlord by October 1, 2019. Second, Subtenant has the right to terminate the Sublease effective March 31, 2021, upon advance, written notice to Sublandlord, which notice must be delivered to Sublandlord by October 1, 2020.
Early Termination Options. In addition to the early termination rights set forth in the Facility Lease, which shall be incorporated into the Sublease, mutatis mutandis, the Sublessee shall have the right, at any time, to terminate the Sublease at any time in connection with the consummation of an Implementation Transaction or an Alternative Transaction. The Facility Lessee will agree not to exercise any of its early termination rights under the Facility Leases without the prior written consent of the Sublessee.
Early Termination Options. (1) Customer has the right to terminate this Agreement on ***, provided that *** and (c) upon receipt of such termination notice from Customer, SES Americom shall be immediately entitled to ***. In the event that ***, then Customer shall promptly pay SES Americom in cash the amount ***. *** Certain confidential portions of this exhibit were omitted by means of redacting a portion of the text. Copies of the exhibit containing the redacted portions have been filed separately with the Securities and Exchange Commission subject to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act.
(2) Customer has the right to terminate this Agreement *** provided that *** (c) Customer pays SES Americom on the date of notice an amount *** determined in accordance with the following sentence. ***
(3) Customer has the right to terminate this Agreement as of September 30, 2008 ***, provided that *** and (c) on the *** Customer pays SES Americom the amount of *** for each Transponder on which Service is then being provided. ***.
(4) Customer has the right to terminate this Agreement on five (5) days' notice, if (a) three (3) or more of the Transponders are Failed Transponders that cannot be restored on the Satellite, and (b) Customer has notified SES Americom in writing within thirty (30) days of there being three (3) or more Failed Transponders that cannot be restored of Customer's decision to terminate the Agreement pursuant to this Section 2.C(4). In the event that (x) three (3) or more Transponders have become Failed Transponders that cannot be restored on the Satellite, and (y) Customer has not terminated the Agreement pursuant to this Section 2.C(4), then on each subsequent occurrence of another Failed Transponder that cannot be restored Customer shall have the right to terminate the Agreement in accordance with the preceding sentence.
(5) Upon termination of this Agreement pursuant to Sections 2.C(1), (2), (3) or (4) above, neither Party shall have any further obligations to the other hereunder, except with respect to provisions that expressly provide that they survive termination of this Agreement.
Early Termination Options. (a) Section 7(a) of the Third Amendment is hereby amended as follows: (i) the date "December 31, 2013" in the second line is deleted and the date "January 31, 2014" is inserted in lieu thereof; (ii) the date "March 31, 2013" which occurs twice is deleted and the date "April 30, 2013" is inserted in lieu thereof in both occurrences; and (iii) the parenthetical "(as December 31, 2013)" in clause (iii) is deleted and the parenthetical "(as of January 31, 2014)" is inserted in lieu thereof.
(b) Section 7(b) of the Second Amendment is hereby amended as follows: (i) the date "December 31, 2013" in the second line is deleted and the date "January 31, 2014" is inserted in lieu thereof; (ii) the date "March 31, 2013" which occurs twice is deleted and the date "April 30, 2013" is inserted in lieu thereof in both occurrences; and (iii) the parenthetical "(as December 31, 2013)" in clause (iii) is deleted and the parenthetical "(as of January 31, 2014)" is inserted in lieu thereof.
(c) The first two sentences of Section 35 of the Original Lease are hereby deleted in their entireties and the following is inserted in lieu thereof: "Tenant shall have a one-time right to terminate this Lease effective on January 31, 2014 provided Tenant: (i) is not then in default beyond any applicable notice and cure period under this Lease; (ii) gives written notice of such termination to Landlord no later than April 30, 2013; and (iii) pays to Landlord, at the time of such termination notice, an amount equal to the unamortized cost of the transaction, amortized over the initial Term of the Lease on a straight-line basis at eight percent (8%) per annum interest ("Termination Payment")."
Early Termination Options. Tenant has the right to terminate this Lease at any time with respect to the entire Premises, and the right to terminate this Lease from time to time with respect to one or more portions of the Premises (including a portion of any individual tract of land described in an exhibit hereto), by delivering not less than thirty (30) days’ written notice of termination to Landlord in each instance, specifying the portion of the Premises with respect to which Tenant desires to terminate this Lease.
Early Termination Options. (a) Section 2 of the Fourth Amendment, Section 7 of the Third Amendment, Section 7 of the Second Amendment, and Section 35 of the Original Lease are hereby deleted in their entireties and replaced with Section 2(b) below.
(b) Tenant shall have a one-time right to terminate the Lease effective on January 31, 2015 provided Tenant: (i) is not then in default beyond any applicable notice and cure period under the Lease; (ii) gives written notice of such termination to Landlord no later than March 31, 2014; and (iii) pays to Landlord, at the time of such termination notice, $436,570.59 ("Termination Payment"). Time is of the essence with respect to the dates and deadlines set forth herein. Failure to provide written notice and payment within the prescribed timeframe will be considered by Landlord, without the necessity of additional notice, as a waiver of this right to terminate. Tenant acknowledges and agrees that the Termination Payment is not a penalty and is fair and reasonable compensation to Landlord for the loss of expected rentals from Tenant over the remainder of the scheduled Term. If Tenant timely and properly exercises the termination option in accordance with this paragraph, the Lease and the Term shall come to an end on January 31, 2015 with the same force and effect as if the Term were fixed to expire on such date.
