Tenant’s Cancellation Right Sample Clauses

Tenant’s Cancellation Right. Provided no event of default exists when Tenant delivers the Cancellation Notice or on the Cancellation Date (as such terms are hereinafter defined), Tenant may cancel the Lease effective as of July 31, 2014 (the “Cancellation Date”), by delivering to Landlord at least 12 full calendar months before the Cancellation Date (a) written notice thereof (the “Cancellation Notice”) and (b) the Cancellation Fee (defined below). The “Cancellation Fee” shall equal the sum of (1) $351,975 (equal to six months of Base Rent) and (2) the amount that would be outstanding on a hypothetical loan on the Cancellation Date assuming (A) an original principal balance equal to the Leasing Costs (defined below), (B) an interest rate of 8.5% per annum, (C) the loan is payable in 120 equal monthly installments of principal and interest, beginning on the Renewal Commencement Date, and (D) all payments were made before the Cancellation Date. The term “Leasing Costs” means all costs incurred by Landlord in leasing the space to Tenant under this Amendment (including leasing commissions, Allowances other tenant inducements and attorneys’ fees). As a condition to the effectiveness of Tenant’s cancellation right, Tenant shall pay to Landlord prior to the Cancellation Date any past-due amounts then outstanding under the Lease. If Tenant fails timely to deliver the Cancellation Fee or the Cancellation Notice or is otherwise unable to exercise this cancellation option, then Tenant’s right to cancel the Lease under this Section 4 shall expire; time is of the essence with respect thereto.
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Tenant’s Cancellation Right. Upon any damage to or destruction of the premises or the Building (if such Building damage materially and adversely affects Tenant's use of the premises), Landlord shall, within thirty (30) days following such casualty, advise Tenant in writing of the estimated period required to complete Landlord's repair and restoration obligations under this Paragraph 15. Such estimate shall be reasonably made by Landlord in good faith following consultation with Landlord's architect or contractor. If the estimated period required to complete Landlord's repair or restoration obligations set forth in such notice exceeds one hundred eighty (180) days from the date of such casualty, Tenant shall have the right, by delivery of written notice to Landlord within fifteen (15) business days following Tenant's receipt of such notice, to cancel this Lease. Such cancellation shall be effective upon delivery of such notice to Landlord. Notwithstanding anything to the contrary contained in this Paragraph 15.10, if the damage to or destruction of the premises or the Building was caused by the negligence or willful misconduct of, or a breach of this Lease by, Tenant, its agents, contractors, or invitees, Tenant shall not have the right to cancel this Lease and all repair or restoration obligations, less any amounts received under applicable insurance policies, shall be paid by Tenant at its sole cost and expense. It shall be a condition to any cancellation of this Lease by Tenant under this Paragraph 15.10 that Tenant fully pay any outstanding amounts due under the Tenant Improvement Loan.
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Tenant’s Cancellation Right. Tenant shall have only the cancellation right set forth below and no further cancellation rights. Accordingly, Section 26.2 of the Original Lease is hereby deleted.
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Tenant’s Cancellation Right. Tenant shall have the right ("Tenant's Cancellation Right") to cancel the Lease, as amended by this Third Amendment, with respect to Suite 500 only, effective upon a date (the "Cancellation Date") which occurs between February 1, 2002 and July 30, 2002 (i.e., the commencement of the thirty-seventh (37th) month of the Extended Term through the last day of the forty-second (42nd) month of the Extended Term), provided that (i) Landlord receives written notice from Tenant (the "Cancellation Notice") at least fourteen (14) months prior to the Cancellation Date that Tenant intends to cancel and terminate the Lease, as amended by this Third Amendment, effective upon the Cancellation Date, pursuant to the terms and conditions of this Section 8.1, (ii) as of the date of delivery of the Cancellation Notice and as of the Cancellation Date, Tenant is not in monetary or material non-monetary default under the Lease, as amended by this Third Amendment, beyond the expiration of any applicable cure period, and (iii) on or before the date which is six (6) months prior to the applicable Cancellation Date, Landlord receives from Tenant a check in the amount of the applicable "Termination Fee," as that term is defined below, as consideration for such early termination right. In the event that Tenant elects to cancel the Lease, as amended by this Third Amendment, as set forth above in this Section 8.1, the Lease, as amended by this Third Amendment, with respect to Suite 500, shall automatically terminate and be of no further force or effect and Landlord and Tenant shall be relieved of their respective obligations under the Lease, as amended by this Third Amendment, as of the Cancellation Date, except those obligations set forth in the Lease, as amended by this Third Amendment, which specifically survive the expiration or earlier termination of the Lease, as amended by this Third Amendment, including, without limitation, the payment by Tenant of all amounts owed by Tenant under the Lease, as amended by this Third Amendment, up to and including the Cancellation Date. The rights contained in this Section 8.1 shall be personal to the Tenant named on page 1 of this Third Amendment (the "Original Tenant") and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of Tenant's interest in the Lease, as amended by this Third Amendment). For purposes of this Section 8, the "Termination Fee" shall be (a) [***]* if the Cancellation Date occurs du...
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Tenant’s Cancellation Right. Except as expressly provided in Sections 14 (Condemnation) or 15 (Fire or Other Casualty) of the Original Lease, Tenant shall have no further cancellation rights under the Lease.
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Tenant’s Cancellation Right. Notwithstanding anything to the contrary contained herein. Tenant may cancel this lease by written notice to Landlord in the event Landlord fails to obtain fee simple We to the property described on Exhibit B on or before April 1 1997. in which event thereafter neither parry shall have any further rights or obligations hereunder. LANDLORD: THE SIGMA JOINT VENTURE TENANT: PERFORMANCE PACKAGING /S/ABRAXXX XXXXXXX/X/ /S/JOHN X. XXXXX /X/ --------------------------------- -------------------------------------- By [Signature]: By [Signature]: Name: ABRAXXX XXXXXXX Name: John X. Xxxxx ---------------------------- --------------------------------- Title: Partner Title: President --------------------------- -------------------------------- Date of Execution: 4/16/97 Date of Execution: 4/10/97 --------------- -------------------- PRINCIPAL BROKER PRINCIPAL BROKER /S/THOMXX X. XXXX /X/ /S/MATTXXX X. XXXXXXXXXX /X/ --------------------------------- -------------------------------------- Name: Thomxx X. Xxxx Name: Mattxxx X. Xxxxxxxxxx --------------------------------- ----------------------------- Title: President Title: Associate --------------------------- ----------------------------- Date of Execution: 4/17/97 Date of Execution: 4/17/97 --------------- --------------------- Copyright Notice: This form is provided for the use of members of the North Texas Commercial Association of Realtors, Inc permission is hereby granted to make limited copies of this form for use in a particular Texas real estate transaction. Contact the NTCAR office to confirm that you are using the current version of this form 10 11 ADDENDUM A TO LEASE EXPENSE REIMBURSEMENT Demised Premises and Address: 999 Xxxxx Xxx [Xheck all boxes which apply. Boxes not checked do not apply to this Lease.]
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Tenant’s Cancellation Right. Tenant shall have the right ("Tenant's Cancellation Right") to cancel the Lease, as amended by this Third Amendment, with respect to Suite 500 only, effective upon a date (the "Cancellation Date") which occurs between February 1, 2002 and July 30, 2002 (I.E., the commencement of the thirty-seventh (37th) month of the Extended Term through the last day of the forty-second (42nd) month of the Extended Term), provided that (i) Landlord receives written notice from Tenant (the "Cancellation
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Tenant’s Cancellation Right. Except for the termination rights afforded to Tenant with respect to the Second Expansion Premises, Tenant shall have no further cancellation rights under the Lease. Accordingly, Section 12 of Amendment No. 1 is hereby deleted. However, should Tenant terminate the Lease with respect to the Second Expansion Premises pursuant to this Amendment, Section 12 of Amendment No. 1 shall thereafter be reinstated, and Tenant’s cancellation right with respect to the Existing Premises shall thereafter be governed by such Section 12 of Amendment No. 1.
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Tenant’s Cancellation Right. Tenant may cancel this Lease effective as of the last day of the 156th Lease Month by delivering to Landlord at least 18 full calendar months before the cancellation date written notice thereof. No penalty or termination cost, fee or expense, nor any reimbursement of any unamortized tenant improvement allowance shall be payable by Tenant in connection with such cancellation. As a condition to the effectiveness of Tenant’s cancellation right, Tenant shall pay to Landlord on or prior to the cancellation date any past-due amounts then outstanding under the Lease. Tenant’s rights under this Section 26.6 shall terminate, at Landlord’s option, if (a) an Event of Default exists when Tenant delivers the cancellation notice or on the cancellation date, (b)Tenant assigns its interest in this Lease other than to a Permitted Transferee, or (c) Tenant fails timely to deliver the cancellation notice or is otherwise unable to exercise this cancellation right, time being of the essence with respect thereto. If Tenant delivers the cancellation notice to Landlord, Tenant shall have no further rights to extend or renew the Term under this Lease, and shall have no option to lease additional space in the Project or related complex or any rights of first offer, rights of first opportunity or rights of first refusal with respect to space in the Project or related complex; accordingly any provision of this Lease granting Tenant an extension or renewal option or any option to lease additional space in the Project or related complex or any rights of first offer, rights of first opportunity or rights of first refusal with respect to space in the Project or related complex shall be automatically deleted in their entirety as of the date of Tenant’s delivery of the cancellation notice to Landlord, without the need for any additional documentation.
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Related to Tenant’s Cancellation Right

  • 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.

  • Cancellation Rights If the offer of a place and its acceptance are both made entirely at distance by means of post, fax or electronic communication without either parent meeting face to face with a member of the School staff during the contractual process the Parents may cancel this agreement at any time within 14 days of the date of the acceptance form. In such circumstances the Acceptance Deposit and the Additional Deposit, if paid, will be refunded together with any Fees paid pro-rated if the School has provided any educational services under this agreement.

  • Tenant’s Termination Right If the part of the Buildings or the Real Property so acquired or condemned contains a substantial part of the total area of the portion of the Premises located in such Building immediately prior to such acquisition or condemnation, or if, by reason of such acquisition or condemnation, Tenant no longer has reasonable means of access to the Premises, Tenant may terminate this Lease as to such portion of the Premises by notice to Landlord given within 60 days following the date upon which Tenant received notice of such acquisition or condemnation; provided, however, that if the portion of the Premises so affected shall be the Music Hall, then Tenant’s right of termination shall apply to the whole of the Premises. Furthermore, if by virtue of the nature of the space in the Music Hall which is acquired or condemned, the space remaining in the Music Hall after giving effect to such acquisition or condemnation cannot economically be used for its intended purpose, following the date upon which Tenant received notice of such acquisition or condemnation, Tenant may terminate this Lease by notice to Landlord. If Tenant so notifies Landlord, this Lease shall terminate and the Term shall end and expire upon the date set forth in the notice as to the portion of the Premises covered thereby, which date shall not be more than 30 days following the giving of such notice. If a part of the Premises shall be so acquired or condemned and this Lease and the Term shall not be terminated in accordance with this Section, Landlord, at Landlord’s expense but without requiring Landlord to spend more than it collects as an award, shall, subject to the provisions of any Mortgage or Superior Lease, restore such portion of the Premises not so acquired or condemned to a self-contained unit substantially equivalent (with respect to character, quality, appearance and services) to that which existed immediately prior to such acquisition or condemnation, to the extent commercially practicable to do so, in which case Tenant shall be obligated to restore Tenant’s Property relating to such portion of the Premises to the condition which existed immediately prior to such acquisition or condemnation.

  • Cancellation/Termination EY may terminate this Purchase Order in whole or in part, with or without cause, at any time and without liability, upon written notice to Supplier. In the event of any termination, Supplier shall promptly refund to EY any fees paid for Services or Work Product(s) that have not been provided as at the effective date of termination, and no further fees shall be due from EY in respect of the Services or Work Product(s). Termination or expiry of this Purchase Order for any reason shall not affect the accrued rights and obligations of the parties at the date of termination or expiry (as applicable).

  • Cancellation Terms The contract is concluded between the member and the Caisse two (2) business days following the member's receipt of this agreement (the "Effective Date"). The member is deemed to have received this agreement five (5) business days after it has been mailed or after the date of receipt in AccèsD, as applicable. Unless the member notifies the Caisse in writing within three (3) business days of the contract's Effective Date (the "Cancellation Deadline"): (i) that the information shown on the agreement is not in accordance with his/her request, or (ii) that he/she does not accept all of the terms and conditions applicable to this agreement the member shall be deemed to have provided the instructions indicated in this agreement and to have accepted all conditions described herein. If the member cancels the agreement before the Cancellation Deadline, the initial deposit invested by the member will be returned to him/her in full and without fees or interest.

  • Termination/Cancellation/Rejection The State specifically reserves the right upon written notice to immediately terminate the contract or any portion thereof at no additional cost to the State, providing, in the opinion of its Commissioner of Buildings and General Services, the products supplied by Contractor are not satisfactory or are not consistent with the terms of this Contract. The State also specifically reserves the right upon written notice, and at no additional cost to the State, to immediately terminate the contract for convenience and/or to immediately reject or cancel any order for convenience at any time prior to shipping notification.

  • TERMINATION/CANCELLATION Cancellation of orders once placed with or accepted by Seller can be made only with Seller’s consent. Should Buyer, due to good cause, desire to affect the cancellation of an accepted order, Seller will accept such cancellation on the following basis: (a) For all made-to-order Goods: Buyer shall pay the purchase price in full for all items completed and ready for delivery; Buyer shall pay a percentage of the purchase price on such items as shall not be completed, equivalent to the percentage of completion; and Buyer shall pay in full the cost of all raw materials, consumable materials, manufacturing dies, tools, patterns and fixtures acquired exclusively for the order, and will take ownership and possession of all such items and will be responsible for labor or other documenting expenses incurred in connection therewith. (b) For all made-to-stock Goods: Buyer shall pay (i) all costs and expenses of placing the cancelled Goods in a saleable condition (restocking charge), (ii) any outgoing and incoming freight charges incurred by Seller in connection with the delivery and return of such Goods, if applicable, and (iii) all reasonable and necessary expenses incurred by Seller directly incident to the order up to the date of cancellation. Invoices covering said costs shall be due and payable immediately upon Seller’s acceptance of cancellation. A stop work order will be deemed a cancellation and the provisions of this paragraph shall apply. If Buyer purchases Goods pursuant to an order for use in a contract with the U.S. Government and the U.S. Government terminates Buyer’s prime contract or a portion thereof for convenience, Buyer shall have the right to terminate only that portion of its contract with Seller which has been terminated by the U.S. Government in its prime contract. In such case, Buyer shall be responsible for those costs set forth above.

  • Vacation Cancellation ‌ Should the Employer be required to cancel scheduled vacation leave because of an emergency or exceptional business needs, affected employees may select new vacation leave from available dates. In the event the affected employee has incurred non-refundable, out-of-pocket vacation expense, the employee will normally be reimbursed by the Employer, if the Employer had previously approved the employee’s vacation leave request and if the employee has an adequate leave balance at the time of the vacation to take the vacation.

  • Contract Cancellation DCF may cancel this Contract after providing the Contractor with thirty (30) calendar days written notice of the Contractor’s right to cure a failure of the Contractor to perform under the terms of this Contract. The following are examples of contractor failure that would warrant cancellation: • Breaches or defaults an obligation under the Contract as follows: • Fails to follow the sales and use tax certification requirements of s. 77.66 of the Wisconsin Statutes; • Incurs a delinquent Wisconsin tax liability; • Fails to submit a non-discrimination or affirmative action plan as required here in; • Fails to follow the non-discrimination or affirmative action requirements of subch. II, Chapter 111 of the Wisconsin Statutes (Wisconsin’s Fair Employment Law); • Becomes a Federally debarred Contractor; • Is excluded from Federal procurement and non-procurement contracts; • Fails to maintain and keep in force all required insurance, permits and licenses as provided in this Contract; • Fails to maintain the confidentiality of DCF’s information that is considered to be Confidential Information, proprietary, or containing Personally Identifiable Information; • Contractor violates other state laws; or • Contractor performance threatens the health or safety of a State employee or State customer. The Contractor may cancel this Contract after providing DCF one hundred and twenty (120) calendar days’ notice of the State’s right to cure a failure of the State to perform under the terms of this Contract. Upon cancellation of this Contract for any reason, or upon Contract expiration, each party shall be released from all obligations to the other party arising after the date of cancellation or expiration, except for those that by their terms survive such cancellation or expiration.

  • Termination Right The Representative shall have the right to terminate this Agreement at any time prior to any Closing Date, (i) if any domestic or international event or act or occurrence has materially disrupted, or in its opinion will in the immediate future materially disrupt, general securities markets in the United States; or (ii) if trading on any Trading Market shall have been suspended or materially limited, or minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for securities shall have been required by FINRA or by order of the Commission or any other government authority having jurisdiction, or (iii) if the United States shall have become involved in a new war or an increase in major hostilities, or (iv) if a banking moratorium has been declared by a New York State or federal authority, or (v) if a moratorium on foreign exchange trading has been declared which materially adversely impacts the United States securities markets, or (vi) if the Company shall have sustained a material loss by fire, flood, accident, hurricane, earthquake, theft, sabotage or other calamity or malicious act which, whether or not such loss shall have been insured, will, in the Representative’s opinion, make it inadvisable to proceed with the delivery of the Securities, or (vii) if the Company is in material breach of any of its representations, warranties or covenants hereunder, or (viii) if the Representative shall have become aware after the date hereof of such a material adverse change in the conditions or prospects of the Company, or such adverse material change in general market conditions as in the Representative’s judgment would make it impracticable to proceed with the offering, sale and/or delivery of the Securities or to enforce contracts made by the Underwriters for the sale of the Securities.

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