Lessee's Right of Termination Sample Clauses

Lessee's Right of Termination. A. In addition to all other remedies available to the Lessee, this Agreement shall be subject to termination by Lessee should any one or more of the following occur:
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Lessee's Right of Termination. Lessee shall have the right to terminate this Lease at any time, by giving written notice to Lessor at least ninety days prior to the termination date.
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Lessee's Right of Termination. In the event LESSEE desires to lease from LESSOR Expansion Space pursuant to the terms and conditions described in Section 40 hereinabove, and in the event LESSOR is unable to provide such Expansion Space due to unavailability of such Expansion Space within Nashua Office Park, then LESSEE shall have the right to terminate this Lease exercisable only after the first (1st) full year of the term of this Lease, provided XXXXXX gives LESSOR ninety (90) days prior written notice. Notwithstanding the foregoing, in the event the LESSEE exercises the aforementioned termination right, Rent, Additional Rent, and all other charges will be due and payable until the later of (i) the date LESSEE fully vacates the Premises or (ii) the date which is ninety (90) days following XXXXXX'S receipt of LESSEE'S notice.
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Lessee's Right of Termination. If the Premises cannot reasonably be repaired within One Hundred Eighty (180) days, and if Lessor shall not have elected to terminate the Lease under Section 9.01, or if the Premises cannot reasonably be repaired within eighty (80) days, Lessee shall have the option within Twenty-one (21) days after receipt of notice from Lessor under Section 9.01 to elect either: (i) to terminate this Lease as of the date of the happening of such destruction or damage, in which event all further liability of Lessee hereunder shall terminate and all rents paid to Lessor subsequent to said date (and until Lessee shall vacate said Premises) shall remain the property of Lessor and Lessee shall thereafter vacate said Premises, or (ii) to continue this Lease in full force and effect, in which event this Lease shall be extended by a period of time equivalent to the time from the happening of such destruction or damage until the Premises are repaired as hereinbefore
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Lessee's Right of Termination. Upon the terms and conditions hereinafter set forth, the Lessee shall have the right to terminate this Agreement and the letting hereunder effective as of a date to be specified by the Lessee in a notice to the Port Authority which date shall be not earlier than the tenth anniversary of the commencement date of the letting:
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Lessee's Right of Termination. Lessor agrees that if Lessee has discontinued or determines to discontinue its use of the leased premises as a milk processing plant, Lessee shall have the right, subject to the following conditions, at its option, to terminate this Lease. Except where the right accrued pursuant to the provisions of Article Eleventh or Article Twelfth, such option to terminate shall not be exercised prior to the expiration of the tenth year of the original term. In the event Lessee desires to exercise this option and to terminate this Lease, it shall give written notice to Lessor of its intention to terminate this Lease, it shall offer to purchase the leased premises at the Purchase Price hereinafter set forth, and, as a part of such notice, Lessee shall furnish Lessor a certification executed by a vice president of Lessee, stating that (i) the leased premises have become uneconomic or unsuitable for the continued use in Lessee's business and (ii) Lessee will discontinue its use of the leased premises as a milk processing plant within ninety (90) days after purchase of the leased premises from Lessor for the applicable price computed in accordance with the Schedule B attached hereto (herein referred to as the "Purchase Price"). Unless Lessor shall reject such offer to purchase not later than the 150th day after the date of Lessee's notice to Lessor (provided that the rejection of such offer shall be of no effect unless accompanied by the written consent thereto of the Beneficiary), then Lessor shall be conclusively presumed to have accepted such offer and Lessor shall open or cause an escrow to be opened with a title insurance company and doing business in the area in which the leased premises are located and shall deposit in said escrow a properly executed grant or warranty deed, and such other instruments and authorizations as may be necessary to convey to, and vest in, Lessee fee title to the leased premises, free and clear of any mortgage or deed of trust (which shall be released or reconveyed of record to Lessor in the escrow settlement) and free and clear of any other liens, charges, encumbrances or exceptions, except such as may have been in existence at the time of Lessor's acquisition of title to the leased premises, provided, however, and Lessee agrees, that Lessee will take title to the leased premises subject also to any other liens, encumbrances and exceptions not caused or created by any lessor (other than actions taken by any lessor on behalf of Lessee), and...
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Lessee's Right of Termination. Lessee's right of termination of the Lease, as set forth in paragraph 2(c) of the Lease, is hereby amended to commence on the date which is ten (10) years from the Amendment Effective Date (rather than ten (10) years from the date of execution of the Lease).
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Lessee's Right of Termination. At any time after January 31, 2001, Lessee may give Lessor one hundred twenty (120) days notice to terminate this Lease. At the end of said one hundred twenty (120) day period, said Lease shall be terminated provided that Lessee pays to Lessor, in a lump sum, an early termination penalty of one half of the rent for the remaining months of this Lease. Notwithstanding the foregoing, in the event that upon the termination of this Lease, Lessee leases new space in property owned by Green Realty Corporation, the termination penalty will be waived.
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Lessee's Right of Termination. Lessee shall have the right to cancel -------- ----- -- ----------- this Lease agreement following the date which is ten (10) years from the date of execution and delivery of this Lease or at the end of each year thereafter, provided that, such cancellation shall only be effective where Lessee has delivered to Lessor, at least two years prior to the date of said cancellation, written notice of intent to cancel.
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Related to Lessee's Right of Termination

  • Right of Termination This Agreement may be terminated at any time at or prior to the Closing:

  • Landlord’s Right to Terminate Landlord shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Tenant of a written notice of election to terminate within thirty days after the date of such damage or destruction:

  • Licensee’s Right to Terminate Licensee may, at its option, without prejudice to any other remedies it may have, terminate this agreement by giving written notice of such termination to Licensor as follows: (a) immediately, in the event that Licensor abandons the Licensed Marks or otherwise ceases to support the Licensed Marks in Licensor's business; or (b) immediately in the event of the occurrence of a Bankruptcy with respect to Licensor; or (c) immediately in the event of an occurrence of termination pursuant to Section 13.2(d).

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

  • Landlord’s Termination Right Whether or not the Premises are affected, Landlord may, by notice to Tenant, within 60 days following the date upon which Landlord receives notice of the Taking of all or a portion of the Real Property, the Building or the Premises, terminate this Lease, provided that Landlord elects to terminate leases (including this Lease) affecting at least 50% of the rentable area of the Building.

  • Mortgagee's Right to Perform If Mortgagor fails to perform any of the covenants or agreements of Mortgagor contained herein, within the applicable grace period, if any, provided for in the Credit Agreement, Mortgagee, without waiving or releasing Mortgagor from any obligation or default under this Mortgage may, (but shall be under no obligation to) at any time upon delivery of written notice to Mortgagor pay or perform the same, and the amount or cost thereof, with interest at the Default Rate, shall be due on demand from Mortgagor to Mortgagee and the same shall be secured by this Mortgage and shall be a lien on the Mortgaged Property prior to any right, title to, interest in, or claim upon the Mortgaged Property attaching subsequent to the lien of this Mortgage. No payment or advance of money by Mortgagee under this Section shall be deemed or construed to cure Mortgagor’s default or waive any right or remedy of Mortgagee.

  • Tenant’s Right to Terminate If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord's architect or construction consultant as to when the restoration work required of Landlord may be complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

  • Waiver of Termination Right Landlord and Tenant agree that the foregoing provisions of this Paragraph 20 are to govern their respective rights and obligations in the event of any damage or destruction and supersede and are in lieu of the provisions of any applicable law, statute, ordinance, rule, regulation, order or ruling now or hereafter in force which provide remedies for damage or destruction of leased premises (including, without limitation, to the extent the Premises are located in California, the provisions of California Civil Code Section 1932, Subsection 2, and Section 1933, Subsection 4 and any successor statute or laws of a similar nature).

  • Event of Termination As soon as reasonably practicable and in any event within two (2) Business Days after any Responsible Officer of the Borrower obtains knowledge of the occurrence of each Event of Termination or Incipient Event of Termination (if such Incipient Event of Termination is continuing on the date of such notice), the statement of a Responsible Officer of the Borrower setting forth the details of such Event of Termination or Incipient Event of Termination and the action which the Borrower is taking or proposes to take with respect thereto.

  • Lease Termination Except as provided in this Section 9.04, upon expiration or earlier termination of this Lease Tenant shall surrender the Premises to Landlord in the same condition as existed on the date Tenant first occupied the Premises, (whether pursuant to this Lease or an earlier lease), subject to reasonable wear and tear. All Alterations shall become a part of the Premises and shall become the property of Landlord upon the expiration or earlier termination of this Lease, unless Landlord shall, by written notice given to Tenant, require Tenant to remove some or all of Tenant’s Alterations, in which event Tenant shall promptly remove the designated Alterations and shall promptly repair any resulting damage, all at Tenant’s sole expense. All business and trade fixtures, machinery and equipment, furniture, movable partitions and items of personal property owned by Tenant or installed by Tenant at its expense in the Premises shall be and remain the property of Tenant; upon the expiration or earlier termination of this Lease, Tenant shall, at its sole expense, remove all such items and repair any damage to the Premises or the Building caused by such removal. If Tenant fails to remove any such items (“Abandoned Items”) or repair such damage promptly after the expiration or earlier termination of the Lease, Landlord may, but need not, do so with no liability to Tenant, and Tenant shall pay Landlord the cost thereof upon demand. Tenant agrees to indemnify Landlord for any and all loss, cost, damage, liability or expense as incurred (including but not limited to reasonable attorneys’ fees and legal costs) arising out of or related to any claim, suit or judgment brought by or in favor of any person or persons for damage, loss or expense which arises out of, is occasioned by or is in any way attributable to the Abandoned Items. Notwithstanding the foregoing to the contrary, in the event that Landlord gives its consent, pursuant to the provisions of Section 9.01 of this Lease, to allow Tenant to make an Alteration in the Premises, Landlord agrees, upon Tenant’s written request, to notify Tenant in writing at the time of the giving of such consent whether Landlord will require Tenant, at Tenant’s cost, to remove such Alteration at the end of the Lease Term.

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