Ending the term Sample Clauses
The "Ending the term" clause defines the conditions and procedures under which an agreement or contract may be concluded or terminated before its originally specified end date. This clause typically outlines the required notice period, the acceptable reasons for ending the agreement, and any obligations that must be fulfilled by either party upon termination, such as returning property or settling outstanding payments. Its core practical function is to provide a clear and fair process for ending the contractual relationship, thereby reducing uncertainty and potential disputes between the parties.
Ending the term. 2.1.1 During the cooling off period you can give us 90 days written notice to end the term and provided you give us vacant possession of the property in compliance with clause 4 of this Chapter 14 the term will end at the end of your notice period.
2.1.2 If you want to end the term on any fifth anniversary of the term start date you may do so provided that:
(i) You provide us with at least 6 months prior written notice of your desire to bring this lease to an end on the date which is a fifth anniversary of the term start date; and
(ii) All monies due to us from you are paid up to date on the relevant fifth anniversary of the term start date on which you want this lease to end; and
(iii) The property is in the condition required by this lease; and
(iv) You give us vacant possession of the property in compliance with clause 4 of this Chapter 14; then SAMPLE subject to the matters in sub paragraphs (i), (ii), (iii) and (iv) above being complied with (it being agreed that the Landlord may waive all or any of the matters in sub paragraphs (i), (ii), (iii) and (iv) above) the term will end at the end of your notice period.
2.1.3 We may end the term by giving you not more than 12 months nor less than 6 months written notice expiring on or within 14 days after the fifth anniversary of the term start date or each fifth anniversary thereafter. The service of a notice under S25 of the Landlord and ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ shall be sufficient notice and good service for the purposes of this paragraph.
2.1.4 If the property cannot be used for the business because of damage or destruction by an insured risk then within six months of such damage or destruction occurring we can elect in writing not to re-build or reinstate the property and this lease and the term will immediately end. This will not limit the rights of either party as against the other concerning any outstanding breach of the terms of this lease.
2.1.5 If this lease should vest in your personal representatives then either party may end the term by giving not less than 14 days notice to the other party at any time.
Ending the term. 2.1.1 During the cooling off period you can give us 90 days written notice to end the term and provided you give us vacant possession of the property in compliance with clause 4 of this Chapter 14 the term will end at the end of your notice period.
2.1.2 If you want to end the term before it expires and provided the property is in the condition required by this lease and all monies due to us from you are paid up to date then we may be willing to accept a surrender of this lease. In these circumstances we will as a condition require that you pay us an amount which we think reasonably compensates us for the loss of the benefit of letting the property to you but we are under no obligation to do so.
2.1.3 If the property cannot be used for the business because of damage or destruction by an insured risk then within six months of such damage or destruction occurring we can elect in writing not to re-build or reinstate the property and this lease and the term will immediately end. This will not limit the rights of either party as against the other concerning any outstanding breach of the terms of this lease. Save as provided for in this clause 2.1.2 of this Chapter 13, this lease shall not automatically terminate by reason of the destruction of or damage to, the property.
2.1.4 If this lease should vest in your personal representatives then either party may end the term by giving not less than 14 days notice to the other party at any time.
Ending the term. 2.1.1 You may end the term by giving us not less than 3 months written notice expiring at any time and provided you give us vacant possession of the property in compliance with clause 4 of this Chapter 13 the term will end at the end of your notice period.
2.1.2 If the property cannot be used for the business because of damage or destruction by an insured risk then within six months of such damage or destruction occurring we can elect in writing not to re-build or reinstate the property and this lease and the term will immediately end. This will not limit the rights of either party as against the other concerning any outstanding breach of the terms of this lease.
2.1.3 If this lease should vest in your personal representatives then either party may end the term by giving not less than 14 days notice to the other party at any time.