Lease Termination Fee. In consideration for Tenant being relieved of further obligations under the Lease after the Termination Date, Tenant and Landlord agree that Tenant shall pay a Lease Termination Fee of Seventy Thousand Dollars ($70,000.00). This payment shall be made to Landlord by March 1, 2006.
Lease Termination Fee. Before giving the Termination Notice, Tenant shall give Landlord a preliminary notice stating Tenant's intention to exercise the right to terminate and the proposed Lease Termination Date. Within thirty (30) days after receiving the preliminary notice from Tenant, Landlord shall notify Tenant of the amount of the Lease Termination Fee based on the appropriate Lease Termination Date set forth in Tenant's notice. The Lease Termination Fee shall be equal to the "Unamortized Value as of the Lease Termination Date" of the "Lease Concessions," as defined in this Subsection 2.6.3.2.
Lease Termination Fee. If the Tenant terminates the Lease for any reason during the Primary Term of 12 months, Tenant agrees to pay a Lease Termination Fee equal to two month’s Base Rent.
Lease Termination Fee. Section 1(a) of the Original Agreement is hereby further revised by inserting as a new defined term the following language after the definition of “Leasing Fee” in such section: “‘Lease Termination Fee’ means a fee equal to three and a half percent (3.5%) of the gross rental revenue paid by any tenant of a commercial asset in connection with the early termination of a lease.” 6.
Lease Termination Fee. (a) In consideration of the Landlord’s agreement to terminate the Lease in accordance with the terms hereof, STI agrees to (i) pay to CIO on or before 5:00 PM pacific standard time on November 14, 2017 the sum of One Million Six Hundred Thousand ($1,600,000.00) Dollars by wire transfer (the “Termination Fee”) which the parties agree is intended to be a payment of future discounted rents due from STI under the Lease accruing after the Termination, and (ii) from and after the date hereof, until the Termination Date, STI shall make timely all payments and perform all obligations required to be performed by it under the Lease, it being agreed that CIO’s willingness to accept the Termination Fee, to agree to the early termination of the Lease and to provide the release shall be contingent on STI’s full performance hereunder. The release provided to STI pursuant to this Agreement shall not extend to or include any obligation of STI first arising or accruing under the Lease, prior to the Termination Date. Nothing herein shall be deemed to modify Article 21 of the Lease.
Lease Termination Fee. A termination fee of $200.00 will be charged to all Tenants who have not completed their full lease term, or who do not give proper twenty-eight (28) days written notice. This fee is in addition to all other fees described within the Rental Agreement and Addendum to include all lost rents. If Tenant supplies Landlord with a new qualified tenant to take over this rental agreement, there will be a Lease Take-over fee of $100.00. All termination fees must be paid in full to the Landlord upon notice being given.
Lease Termination Fee. As consideration for Landlord entering into this Agreement, Tenant shall pay to Landlord ONE MILLION FOUR HUNDRED TWENTY SIX THOUSAND FOUR HUNDRED TWENTY THREE AND 35/100 DOLLARS ($1,426,423.35) (“Lease Termination Fee”) from Silicon Valley Bank via the terms of Section 6 below. Landlord may exercise the rights described in Section 6 below at any time after the Effective Date of this Agreement. No portion of the Lease Termination Fee is refundable to Tenant under any circumstances. If the Lease Termination Fee is not paid by Tenant via disbursement by Silicon Valley Bank to Landlord within fifteen (15) business days of the Effective Date this Agreement is null and void and the Lease shall remain in full force and effect.
Lease Termination Fee. As of the date hereof, Rich's Department Stores, Inc. ("Rich's) has vacated its premises in Auburn Plaza (the "Rich's Premises"). Pursuant to the terms of that certain Lease Termination Agreement dated January 30, 1996 between Rich's and MCLP, Rich's agreed to pay to MCLP the sum of Four Hundred Thirty-Two Thousand Dollars ($432,000) (the "Rich's Termination Payment"). MCLP shall pay to Lender the entire amount of the Lease Termination Payment, or such lesser portion thereof as MCLP may receive from time to time, immediately upon MCLP's receipt thereof. All amounts received by Lender in connection with the Lease Termination Payment shall be applied to the principal and interest due under the Revolving Credit. As additional security for MCLP's obligations hereunder, MCLP hereby conveys, transfers, assigns, and sets over unto Lender all of MCLP's right, title, interest and privilege in and to the Rich's's Termination Payment.
Lease Termination Fee. At Closing, Seller shall pay to Purchaser the sum of $250,000.00 as consideration for the termination of the Lease. At Purchaser's option, such amount shall be paid to Purchaser at Closing by wire transfer or shown as a credit to Purchaser on the Closing settlement statement.
Lease Termination Fee. In the event that Tenant delivers the --------------------- Option Notice on or before the last day of the xxxxxx-six (36th) month of the Lease Term, contemporaneous with Closing, Tenant shall terminate this Lease by paying to Landlord, in immediately available funds, a termination fee in the aggregate amount of Three Hundred Thousand and No/100 Dollars ($300,000.00), plus an amount equal to that portion of the total cost of the Roof Replacement that, as of the Closing Date (based on a fifteen (15) year amortization schedule at an interest rate of 11%), has not been paid to Seller as reimbursement pursuant to Section 13.3 herein (the "36 Month Termination Fee"), which amounts shall be paid to Landlord in addition to the Option Price due Landlord at Closing. In the event that Tenant delivers the Option Notice after the commencement of the thirty-seventh (37th) month of the Lease Term, but before the Option Deadline, contemporaneous with Closing, Tenant shall terminate this Lease by paying to Landlord, in immediately available funds, a termination fee in the aggregate amount of Five Hundred and Ten Thousand No/100 Dollars ($510,000.00), plus an amount equal to that portion of the total cost of the Roof Replacement that, as of the Closing Date (based on a fifteen (15) year amortization schedule at an interest rate of 11%), has not been paid to Seller as reimbursement pursuant to Section 13.3 herein (the "Post 36 Month Termination Fee"), which amounts shall be paid to Landlord in addition to the Option Price also due Landlord at Closing. Upon payment of the 36 Month Terminating Fee or the Post 36 Month Termination Fee, as the case may be, and provided that the Closing occurs, this Lease, and the obligations of Landlord and Tenant hereunder, shall terminate and be of no further force and effect except for those obligations, if any, which pursuant to this Lease expressly survive termination of this Lease. If Landlord has not commenced replacement of the roof pursuant to Section 13.3 at the time the Option Notice is delivered, Landlord shall be obligated to either, at the election of Landlord, (i) return all funds to Tenant paid pursuant to Section 13.3 for the Roof Replacement, and not recover the unpaid amortized cost of the Roof Replacement from Tenant at Closing, or (ii) commence replacement of the roof within 60 days of the Option Notice and diligently work toward completion thereof. At Closing, Landlord shall execute and deliver to Tenant such documents as ...
