Lessee’s Option to Terminate. The Lessee shall have the following options to terminate this Agreement whether or not the Lessee is in default hereunder or there exists an Event of Default hereunder:
Lessee’s Option to Terminate. If any governmental body, agency, or official, other than Lessor, prohibit or otherwise prevent the use of Xxxxxxx Field in its present condition as a public airport for one year or more, or if continued use of Xxxxxxx Field as an airport becomes impossible or unlawful without fault of Lessee, Lessee shall have the option to terminate this Lease on thirty (30) days written notice to Lessor. Upon such termination, this Lease shall end, and neither party shall have any liability for such termination. Lessor shall notify Lessee in writing, if possible, of the prohibition, or intended prohibition, and the failure of Lessee to exercise the option to terminate within thirty (30) days shall extinguish the Lessee's option to terminate.
Lessee’s Option to Terminate. At any time during the term of this lease. the lessee may elect, in its sole discretion and for any reason, to terminate this lease upon the giving of two (2) year's notice. Upon termination. xxxxxx's liability hereunder shall cease and possession of the premises shall be restored to the lessor as provided in paragraph 22.
Lessee’s Option to Terminate. Lessee, if not in default in any obligation under this Lease, may terminate this Lease with respect to any item of equipment lease at any time after twelve (12) months from the date of delivery of such item on ninety (90) days written notice of such termination to Lessor. If Lessee terminates this Lease with respect to any item of equipment within six (6) months from the date of delivery of such item, then Lessor shall have the right but not the obligation to take possession of the equipment and Lessee shall pay Lessor the sum of FIVE HUNDRED ($500.00) US DOLLARS for each item of equipment leased under this Agreement as liquidated damages hereunder.
Lessee’s Option to Terminate the Original Premises and Expansion ---------------------------------------------------------------- Premises (Suites 320, 335 and 345). Commencing on the Amendment Date and ending ---------------------------------- seventy-five (75) days prior to the Concourse Space Commencement Date, Lessee shall have the right, upon not less than seventy-five (75) days' prior written notice to Lessor, and contingent upon the occurrence of the Concourse Space Commencement Date, to terminate the Lease as to all or a portion of the Third Floor Premises on a suite-by-suite basis (but not as to premises consisting of less than a full suite) by written notice delivered to Lessor, specifying the suite or suites as to which Lessee is terminating the Lease. The parties acknowledge the provisions of paragraph 41 of the Original lease. In event of a termination of a portion of the Third Floor Premises, the rent shall be reduced by a percentage of the applicable rent, the numerator of which is the Adjusted Rentable Square Feet terminated and the denominator of which is 9,856.
Lessee’s Option to Terminate. In the event Lessee is unable to secure the necessary permits and approval to conduct its business on the premises, Lessee shall have a one (1) time option to terminate the Lease with thirty (30) days’ written notice to Lessor. Lessee will in such case pay a one-time early termination fee to Lessor in the amount of $30,000 and restore the Demised Premises to a mutually agreed-upon condition. This termination right will expire upon the Lease Commencement Date. [*] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Securities and Exchange Commission.
Lessee’s Option to Terminate. Upon not less than 180 days prior written notice, such notice to be delivered by US Certified Mail and/or Federal Express, and/or any service that provides for a tracking number and records the date of delivery. Lessee may cancel and terminate this lease; provided however that (i) Lessee is not in default under any other term or provision of this lease, and that (ii) such, 8 Lessor/Lessee Initial Here 9termination date shall in no event be prior to May 31, 2007, and that (iii) Lessee has, at the time of delivery of said notice, paid to Lessor, in US Certified funds, a termination fee in accordance with the following schedule, and that (iv) such termination date is the last day of a monthly period. Ø If said termination date is between May 31, 2007 and November 30, 2007, a termination fee of $69,600.00 shall be due and payable, at the time of tender of Lessee’s written notice to Lessor. Ø if said termination date is between December 31, 2007 and May 31, 2008, a termination fee of $52,200.00 shall be due and payable, at the time of tender of Lessee’s written notice to Lessor. Ø If said termination date is between June 30, 2008 and December 31, 2008, a termination fee of $34,800.00 shall be due and payable, at the time of tender of Lessee’s written notice to Lessor. Ø If said termination date is between January 31, 2009 and May 31, 2009, a termination fee of $14,500.00 shall be due and payable, at the time of tender of Lessee’s written notice to Lessor. In the event Lessee chooses to exercise such option to terminate, Lessee shall vacate and deliver possession to Lessor on or before close of the business day of the day of termination, (next business day if said termination date falls on a weekend or holiday). In the event Lessee does not vacate and tender possession to Lessor by said termination date, Lessor and Lessee agree that such an action constitutes a holdover and in this event the terms of paragraph 15 shall apply.
Lessee’s Option to Terminate. Upon not less than 365 days prior written notice given by Lessee to Lessor (“Optional Termination Notice”), Lessee may cancel and terminate this Lease at the end of the ninetieth (90th) month of the term; provided, however that (i) Lessee shall not be in default hereunder and, (ii) Lessee shall simultaneously with the giving of such Option Termination Notice, pay to Lessor the sum equal to all unamortized Phase I Improvement costs, Phase II Improvement Costs, and brokerage commissions as of the effective date of such termination (“Cancellation Costs”). Such Cancellation Costs will be calculated within sixty (60) days after substantial completion of the Phase II Improvements, or three (3) business days after written request by Lessee (whichever date is later). In calculating the Cancellation Costs, Lessor shall use a one hundred twenty (120) month amortization schedule, containing equal monthly payments of principal and interest, and a seven percent (7%) interest rate. The schedule of Cancellation Costs shall be incorporated by written modification to this Lease.
Lessee’s Option to Terminate. If the Repair Period Notice provided by Lessor indicates that the anticipated period for repairing the Casualty exceeds one hundred eighty (180) days, Lessee may elect to terminate this Lease by providing written notice (“Lessee’s Termination Notice’) to Lessor within ten (10) days after receiving the Repair Period Notice. If Lessee does not elect to terminate within this ten (10) day period Lessee shall be considered to have waived Lessee’s option to terminate.
Lessee’s Option to Terminate. Company Lease and this Agreement 74 Section 10.2. Termination of Company Lease and this Agreement on Agency Notice 74 Section 10.3. Actions Upon Termination 74 Section 10.4. Survival of Lessee Obligations 75 ARTICLE XI MISCELLANEOUS 76
