Common use of Permitted Operations Clause in Contracts

Permitted Operations. In the event Tenant reasonably determines at any time that (a) applicable governmental regulations prohibit the use of the Premises for the operation of an equipment rental, leasing and sales facility and any related uses including, but not limited to, the business of renting, selling, leasing, distributing, storing (indoor and outdoor), servicing or repairing new or used equipment, spare parts and related supplies to industrial, manufacturing and construction customers and related general office use, or (b) Tenant’s access, visibility or parking has been adversely affected, Tenant shall have the right, but not the obligation, to terminate this Lease upon thirty (30) days written notice to Landlord and have no further liability upon payment to Landlord of all rent prorated through the date of termination. Notwithstanding above, if Landlord has commenced to cure either of the above defaults within thirty (30) days after Tenant’s notice of termination and is diligently pursuing the same and concludes such cure not later than ninety (90) days after Tenant’s notice of termination, then in such event Tenant’s notice of termination shall be deemed null and void.

Appears in 4 contracts

Samples: Lease Agreement (Nationsrent Inc), Lease Agreement (Nationsrent Inc), Lease Termination Agreement (Nationsrent Inc)

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Permitted Operations. In the event Tenant reasonably determines at any time that (a) applicable governmental regulations prohibit the use of the Premises for the operation of an equipment rental, leasing and sales facility and any related uses including, but not limited to, the business of renting, selling, leasing, distributing, storing (indoor and outdoor), servicing or repairing new or used equipment, spare parts and related supplies to industrial, manufacturing and construction customers and related general office use, or (b) Tenant’s 's access, visibility or parking has been adversely affected, Tenant shall have the right, but not the obligation, to terminate this Lease upon thirty (30) days written notice to Landlord and have no further liability upon payment to Landlord of all rent prorated through the date of termination. Notwithstanding above, if Landlord has commenced to cure either of the above defaults within thirty (30) days after Tenant’s 's notice of termination and is diligently pursuing the same and concludes such cure not later than ninety (90) days after Tenant’s 's notice of termination, then in such event Tenant’s 's notice of termination shall be deemed null and void.

Appears in 2 contracts

Samples: Lease Agreement (Nationsrent Inc), Lease Agreement (Nationsrent Inc)

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Permitted Operations. In the event Tenant reasonably determines at any time that (a) applicable governmental regulations prohibit the use of the Premises for the operation of an equipment rentala commercial vehicle hauling, leasing transport and sales storage facility and any related uses including, but not limited to, the business of rentinggeneral office, selling, leasing, distributing, storing (indoor equipment storage and outdoor), servicing or repairing new or used equipment, spare parts and related supplies to industrial, manufacturing and construction customers and related general office usemaintenance, or (b) Tenant’s 's access, visibility or parking has been adversely affected, Tenant shall have the right, but not the obligation, to terminate this Lease upon thirty (30) days written notice to Landlord and have no further liability upon payment to Landlord of all rent prorated through the date of termination. Notwithstanding above, if Landlord has commenced to cure either of the above defaults within thirty (30) days after Tenant’s Tenants notice of termination and is diligently pursuing the same and concludes such cure not later than ninety (90) days after Tenant’s notice 's Notice of terminationTermination, then in such event Tenant’s notice Tenants Notice of termination Termination shall be deemed null and void.

Appears in 2 contracts

Samples: Lease Agreement (Nationsrent Inc), Lease Agreement (Nationsrent Inc)

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