Common use of Landlord Termination Right Clause in Contracts

Landlord Termination Right. Landlord shall have a right to terminate the Lease upon three (3) years prior written notice to the Tenant and payment of Tenant's unamortized initial construction costs of the Tenant Work as of the actual lease termination date, computed in accordance with GAAP.

Appears in 2 contracts

Samples: Memorandum of Understanding (Las Vegas Railway Express, Inc.), Memorandum of Understanding (Las Vegas Railway Express, Inc.)

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Landlord Termination Right. Landlord shall have a right to terminate the Lease upon three (3) years prior written notice to the Tenant and payment of Tenant's unamortized initial construction costs of the Tenant Work as of the actual lease termination date, computed in accordance with GAAP.

Appears in 2 contracts

Samples: Memorandum of Understanding (Las Vegas Railway Express, Inc.), Memorandum of Understanding (Las Vegas Railway Express, Inc.)

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