Options to Terminate. The Company shall have, and is hereby granted, an option to prepay and terminate the Loan, upon satisfaction of the following conditions at any time prior to full payment of the Bonds (or provision for payment thereof having been made in accordance with the provisions of the Indenture): (a) in accordance with Article IX of the Indenture, by paying to the Trustee an amount which, when added to the amount on deposit in the funds established under the Indenture and available therefor, will be sufficient to pay, retire and, pursuant to the Indenture, redeem all the outstanding Bonds in accordance with the provisions of the Indenture (including, without limiting the generality of the foregoing, principal of and interest to maturity or the earliest applicable redemption date, as the case may be, and expenses of redemption and the Trustee’s fees and expenses due hereunder or under the Indenture), and in case of redemption making arrangements satisfactory to the Trustee for the giving of the required notice of redemption, (b) by giving the Issuer notice in writing of such termination and (c) by making full payment of Additional Payments due under Section 4.02; thereafter such termination shall forthwith become effective. Any prepayment pursuant to this Section 6.01 shall either comply with the provisions of Article IX of the Indenture or result in redemption of the Bonds within 90 days of the date of prepayment. Nothing contained in this Section 6.01 shall prevent the payment of part of any of the Bonds pursuant to Article IV or Section 9.02 of the Indenture.
Options to Terminate. The User shall have, if it is not in default hereunder, the option to cancel or terminate the term of this Lease Agreement at any time after full payment of the Indenture Indebtedness and termination of the Letter of Credit by giving the Issuer notice in writing of such termination and such termination shall forthwith become effective. This Lease Agreement may not be terminated prior to payment in full of the Indenture Indebtedness even if all amounts due hereunder have been paid in full.
Options to Terminate. The Company shall have, if it is not in default hereunder, the following options to cancel or terminate the term of this Lease Agreement:
Options to Terminate. The Company shall have, and is hereby granted, the following options to terminate this Lease:
Options to Terminate. 27 SECTION 11.02
Options to Terminate. 4.1 If the Building or a substantial part of it (whether including the Premises or not) is destroyed or damaged by an Insured Risk this Lease may be terminated by the Landlord giving to the Tenant (within 12 months after such destruction or damage) not less than six months’ notice.
Options to Terminate. (1) Notwithstanding anything herein to the contrary, in the event the holder of any indebtedness secured by a mortgage or deed of trust covering the Building requires that the insurance proceeds be applied to such indebtedness, then Landlord or Tenant shall have the right to terminate this Lease by delivering written notice of termination to Tenant within fifteen (15) days after such requirement is made by any such holder, whereupon all rights and obligations hereunder thereafter accruing shall cease and terminate.
Options to Terminate. In the event that the contract price for any six-month contract period is less than 75 cents per pound, MLP shall be entitled to terminate this agreement at its sole option by providing 60 days written notice. In the event that the contract price for any six-month contract period is more than $1.20 per pound, IP shall be entitled to terminate this agreement at its sole option by providing 60 days written notice.
Options to Terminate. If an appeal or request for a rehearing shall be filed (including by post-order intervention) of the FERC Order, the Facility Sublessee shall forthwith give notice of such appeal or request for rehearing to the Facility Sublessor. If such an appeal or request for rehearing shall be filed, the Facility Sublessor and the Facility Sublessee shall each have the option, upon not less than four Business Days' prior written notice to the other, given not later than March 1, 1997, to terminate this Facility Sublease on the next succeeding Termination Date occurring at least ten days following such notice on the terms set forth in this Section 18.1. If the Facility Sublessee shall exercise its option provided by this Section 18.1 by giving the notice contemplated by the preceding sentence, the Facility Sublessee shall have the right to cause the Facility Sublessor to (i) exercise the option provided in Section 18.1 of the Facility Lease and (ii) purchase the Facility Lessor's Rocky Mountain Interest pursuant to Section 18 of the Facility Lease, (b) purchase the Facility Lessor's Rocky Mountain Interest purchased by the Facility Sublessor pursuant to Section 18 of the Facility Lease from the Facility Sublessor and (c) terminate this Facility Sublease on the Termination Date specified in such notice, upon payment to the Facility Lessor of the Sublease Termination Value, determined as of such Termination Date. The Facility Sublessee shall be permitted to exercise its option provided by this Section 18 only if the Facility Sublessee shall simultaneously exercise the termination option provided by Section 18.1
Options to Terminate. The Corporation shall have, if not in default hereunder, the option to cancel or terminate this Lease Agreement at any time after full payment of the Bond by giving the Issuer notice in writing of such termination and such termination shall forthwith become effective.
