Early Termination Payment. In the event of early termination of this Lease through fault of the Tenant, the Tenant shall be obligated, in addition to any other payments due to the City under the terms of this Lease, to pay to the City as an Early Termination Payment all payments due under the Lease until the Leased Premises are relet to another person or entity, but in no instance shall Tenant ever be liable to the City for more than an amount equal to one year’s annual rent as an Early Termination Payment.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
Early Termination Payment. In the event of early termination of this Lease through fault of the Tenant, the Tenant shall be obligated, in addition to any other payments due to the City under the terms of this Lease, to pay to the City as an Early Termination Payment all payments due under the Lease until the Leased Premises are relet to another person or entity, but in no instance shall Tenant ever be liable to the City for more than an amount equal to one year’s annual rent as an Early Termination Payment.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
Early Termination Payment. In the event of early termination of this Lease through fault of the Tenant, the Tenant shall be obligated, in addition to any other payments due to the City under the terms of this Lease, to pay to the City as an Early Termination Payment all payments due under in the Lease until the Leased Premises are relet to another person or entity, but in no instance shall Tenant ever be liable to the City for more than an amount equal to one year’s annual rent which shall be due and payable as an Early Termination Paymenta single lump sum within ninety days upon said termination.
Appears in 1 contract
Samples: Lease Agreement
