Modification of Termination Option Clause Samples

Modification of Termination Option. Tenant’s option to terminate the Lease provided in Paragraph 1.7 of the Lease, as amended by Paragraph 6 of the Third Amendment, shall remain in full force and effect, except that the Termination Fee shall equal the sum of (i) $440,000 plus an amount equal to five (5) months of Rent (including Additional Rent), at the rate then payable by Tenant for the 7th Floor Premises, the Lower Level Space, the 12th Floor Premises and the Additional Seventh Floor Premises, (ii) $785.71 (pursuant to Paragraph 5 of the Second Amendment), (iii) the unamortized amount (as if amortized over a 72 month period commencing of the Commencement Date (as defined in the Third Amendment), using a cost of funds of 10% per annum) of the amounts paid by Landlord in connection with the Third Amendment for leasing commissions, tenant improvements and preparations (including legal fees) of the Third Amendment, and (iv) the unamortized amount (as if amortized over a 63 month period commencing March 1, 2002, using a cost of funds of 10% per annum) of the amounts paid by Landlord in connection with this Amendment for leasing commissions, tenant improvements and preparations (including legal fees) of this Amendment.