Right to Terminate Lease. Lessors or Lessee may terminate this agreement at any time by written notice 60 days prior to termination. Any individual tract owner at any time will have the right to cancel the lease on part or all of his property by constructing fencing that meets local standards and specifications for fencing in Xxxxxxx County and then giving Lessee thirty (30) days advance written notice that the owner wishes to withdraw his property from this lease.
Right to Terminate Lease. Tenant shall give immediate notice to Landlord in case of fire or other casualty in the Premises. If (a) so much of the Building is damaged or rendered untenantable (whether or not the Premises or a portion thereof shall be damaged) by fire or other cause that Landlord shall determine not to restore the same or to demolish the remainder thereof; or (b) if the Premises shall suffer damage or be rendered untenantable by fire or other casualty and Landlord shall determine (i) that such portion of the Premises cannot be reasonably expected to be restored or rendered tenantable under a normal working schedule within a period of eighteen (18) months after the occurrence of such damage or destruction or (ii) that each Overlandlord and Mortgagee will not permit Landlord to apply the net proceeds of Landlord’s insurance to the restoration of the Building or the Premises, then and in any such event Landlord shall have the right to terminate this Lease by notice to Tenant given within ninety (90) days of the occurrence of such fire or other casualty. If either (y) the Premises shall be totally or substantially damaged or rendered wholly or substantially untenantable (whether or not any other portions of the Building shall be damaged) or (z) the Building shall be substantially damaged, so that Tenant’s access to and use and enjoyment of the Premises shall be rendered substantially impossible, whether or not the Premises shall be damaged, and in case of either (y) or (z) Landlord determines that the same cannot reasonably be expected to be restored or rendered tenantable under a normal working schedule within a period of eighteen (18) months after the occurrence of such damage or destruction, then Landlord shall promptly notify Tenant of such fact, and within thirty (30) days thereafter either Landlord or Tenant may terminate this Lease by notice to the other party. If during the last year of the Lease Term the Building or the Premises shall be damaged by fire or casualty, and if such fire or casualty damage, whether to the Premises or the Building, cannot reasonably be expected to be repaired or restored within one hundred eighty (180) days from the time that repair or restoration work would commence or prior to the Expiration Date, whichever first occurs, then Landlord or Tenant shall have the right, by giving notice to the other not later than thirty (30) days after the occurrence of such damage, to terminate this Lease. If either Landlord or Tenant shall give notic...
Right to Terminate Lease. If a substantial portion or all of the Premises or the Building is damaged as a result of fire or other casualty (a "Casualty"), and (i) the Premises are (a) rendered wholly untenantable, or (b) damaged as a result of any cause which is not covered by Landlord's insurance, or (c) damaged or destroyed in whole or in part during the last three (3) years of the term hereof, or (d) the cost of replacement of the Premises shall exceed fifty percent (50%) of the then insured value thereof; or (ii) the Building shall be so substantially damaged that it is reasonably necessary in Landlord's sole judgment to demolish the Building for the purpose of reconstruction; or (iii) the Building is damaged to the extent of fifty percent (50%) or more of Landlord's Floor Area or fifty percent (50%) of the then insured value of the Building, then, in any of such events, Landlord may elect to terminate this Lease by giving Tenant notice of such election within one hundred twenty (120) days after the occurrence of such event. If such notice is given, the rights and obligations of the parties shall cease as of the date of such notice, and all rental amounts (other than any Additional Rent due Landlord by reason of Tenant's failure to perform any of Tenant's obligations hereunder) shall be adjusted as of the date of such termination.
Right to Terminate Lease. Upon the occurrence of an Event of Default hereunder, Landlord may terminate Xxxxxx’s right to possession of the Premises by any lawful means in which case this Lease and the term hereof shall terminate and Tenant shall immediately surrender possession of the Premises to Landlord. In such event, Landlord shall be entitled to recover from Tenant all sums allowed under California Civil Code Section 1951.2, including, without limitation, the following:
(i) The worth at the time of award of the unpaid Rent which had been earned at the time of termination;
(ii) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided;
(iii) The worth at the time of award of the amount by which the unpaid Rent for the balance of the Lease Term after the time of award exceeds the amount of such rental loss that Tenant proves could be reasonably avoided; and
(iv) Any other amount necessary to compensate Landlord for all the detriment proximately caused by Xxxxxx’s failure to perform its obligations under the Lease or which in the ordinary course of things would be likely to result therefrom.
(v) The “worth at the time of award” of the amounts referred to in Sections 18.2(c)(i) and 18.2(c)(ii) is computed by allowing interest at the maximum rate then allowable by Applicable Law. The worth at the time of award of the amount referred to in Section 18.2(c)(iii) is computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
Right to Terminate Lease. The Landlord may terminate the Lease if:
(a) all or part of the Rent or other money due to the Landlord under the Lease remains unpaid for 14 days after it is due, whether formally demanded or not;
(b) the Tenant breaches the Lease, or any rule or regulation made under the Lease;
(c) defects notified under clause 7.1(a) are not remedied within the time specified in the notice;
(d) if the Tenant requires approval from the Local Authority and any other relevant authority for the Permitted Use, and:
(i) the Tenant fails to obtain the approval; or
(ii) the approval is cancelled;
(e) the Tenant is a company that:
(i) stops or threatens to stop carrying on its business;
(ii) goes into liquidation, whether voluntary or not;
(iii) is subject to an order or resolution for its winding up, unless it is for reconstruction or amalgamation;
(iv) is placed under the control of a liquidator or receiver (in both cases whether provisional or otherwise);
(v) is placed under official management under the Corporations Act; or
(vi) enters into a composition or scheme of arrangement;
(f) the interest of the Tenant under the Lease is taken in execution;
(g) a judgment in the amount of $20,000 or more is made against the Tenant and remains wholly or partly unsatisfied after 30 days following the date of judgment; or
(h) the Tenant or any person claiming through the Tenant conducts any business from the Leased Area after the Tenant has committed an act of bankruptcy.
Right to Terminate Lease. Lessors or Lessee may terminate this agreement at any time by written notice 60 days prior to termination. Any individual tract owner at any time will have the right to cancel the lease on part or all of his property by constructing fencing that meets local standards and specifications for fencing in Xxxxxxx County and then giving Lessee thirty (30) days advance written notice that DocuSign Envelope ID: 98E98D85-D4BA-4217-8959-3072D44580AF DocuSign Envelope ID: 98E98D85-D4BA-4217-8959-3072D44580AF the owner wishes to withdraw his property from this lease.
Right to Terminate Lease. If Lessee is not satisfied as to any of the above items or any other item related to the Leased Premises or if Lessee determines in its sole discretion that the Leased Premises is unacceptable for Lessee’s purposes on or before the expiration of the Inspection Period, then Lessee may terminate the Lease by providing written notice of the same to Lessee on or before the date the Inspection Period expires. In the event of such termination, Lessor shall refund the Xxxxxxx Money (as defined below) to Lessee.
Right to Terminate Lease. Lessors or Lessee may terminate this agreement at any time by written notice 60 days prior to termination. Any individual tract owner at any time will have the right to cancel the lease on part or all of his property by DocuSign Envelope ID: 9190C1AC-9EE7-416C-B833-2E6D84673B77 DocuSign Envelope ID: 9190C1AC-9EE7-416C-B833-2E6D84673B77 constructing fencing that meets local standards and specifications for fencing in Xxxxxxx/Xxxxxx County and then giving Lessee thirty (30) days advance written notice that the owner wishes to withdraw his property from this lease.
Right to Terminate Lease. Tenant shall have a one-time right to terminate and cancel this Lease effective upon the expiration of the 60th month of the Lease subject to the following conditions:
(a) Notice of intention to exercise this termination shall be given by Tenant to Landlord in writing at least nine (9) months prior to the effective date of termination.
(b) Tenant shall pay a termination fee at the time the notice to terminate is delivered equal to the unamortized leasing commissions, the Expansion Tenant Finish Allowance, if any, and Tenant Finish Allowance plus two (2) months Rent as of the effective date of termination, as calculated by Landlord. Upon termination and cancellation of this Lease in accordance with this Section, Landlord and Tenant shall execute a lease termination agreement. Upon execution of such lease termination agreement and payment of the termination fee, Landlord and Tenant shall be relieved of their obligations under this Lease, except for those obligations accruing prior to the termination date. Tenant’s exercise of this right of termination shall be null and void and of no force and effect, at Landlord’s option, if there is any Event of Default existing on the date of the purported exercise of such right, unless Tenant is proceeding diligently to cure such Event of Default and the cure is achieved within thirty (30) days beyond such date. Should Tenant elect to exercise this termination right, Landlord shall have the ongoing right to show the Leased Premises during the period beginning on the first day of the 51st month of the Lease term for purposes of leasing the Leased Premises. Landlord shall give Tenant at least 24 hours prior notice of Landlord’s or Landlord’s agent(s) intent to show the Lease Premises. Landlord agrees to use reasonable efforts to minimize disruptions to Tenant’s business during said showings.
Right to Terminate Lease. 13.1 With the exception of alterations to the sign in terms of clause 8, should the right to display advertisements on the sign be refused, prohibited, restricted or curtailed by any legislation, bylaw, court order or decision of any statutory planning or other authority, the company shall have the right to terminate this agreement, by giving 1 (one) month’s written notice of such intent.
13.2 Notwithstanding clause 3.3, should the company be unable to rent out advertising space on the sign for a consecutive period of 6 (six) months, then the company in its sole discretion shall have the right to terminate this agreement, by giving 1 (one) month’s written notice of such intent.
