Tenant’s Early Termination Right. Notwithstanding anything to the contrary contained in the Lease, the originally named Tenant under this Lease may terminate this Lease effective as of January 31, 2020 (the “Early Termination Date”) by giving Landlord notice (the “Termination Notice”) of Tenant’s election to terminate this Lease not less than (9) months prior to the Early Termination Date. In connection with such termination, Tenant shall pay to Landlord, in addition to all Rent due through the later of the Early Termination Date or the date Tenant actually vacates the Premises, a termination fee (the “Termination Fee”) equal to the sum of (a) the unamortized cost of (i) the Tenant Improvements, (ii) all leasing commissions and legal fees incurred by Landlord in connection with this Lease, and (iii) the initial two months of free rent (i.e., $42,688.00), amortized with interest at 8% per annum over the Term, and (b) One Hundred Twenty Thousand Six Hundred Thirteen and No/100 Dollars ($120,613.00), which Termination Fee shall be due and payable by Tenant to Landlord concurrently with Tenant’s delivery of the Termination Notice to Landlord. The amount of the Termination Fee shall be confirmed in a notice to Tenant following the Commencement Date. Failure to timely exercise such option or pay such Termination Fee shall result in such option expiring and being of no further force or effect. If Tenant properly exercises its option to terminate in accordance with the provisions hereof, this Lease shall be terminated on the Early Termination Date without further liability of Tenant hereunder, except for such liability that has accrued on or prior to the Early Termination Date and such liability that survives termination of the Lease by the terms hereof.
Tenant’s Early Termination Right. Tenant shall have the right to terminate this Lease with such termination effective at any time on or after the second (2nd) anniversary of the Commencement Date by delivering written notice of termination to Landlord. Such notice shall be effective only if it specifies the termination date for the Lease, which must be not less than three (3) months following Landlord’s receipt of such notice and is accompanied by Tenant’s payment of one-half of the Termination Payment (as defined below). The remaining one-half of the Termination Payment shall be paid on or before the termination date. As used herein, “Termination Payment” means: (i) the unamortized portion of the Tenant Improvement Cost and the Brokerage Commission, each of which shall be amortized monthly over the Initial Term of the Lease, together with interest on the amounts thereof at the rate of eight percent (8%) per annum; plus (ii) the amount of $14,056.00 representing the free rent granted to Tenant under Section 1(G) hereof.
Tenant’s Early Termination Right. Notwithstanding anything to the contrary contained in this Amendment (but subject to the terms of this Section 3), Tenant shall have a one-time right to terminate this Lease (“
Tenant’s Early Termination Right is personal to the undersigned (named) Tenant. If a Transfer occurs (other than to a Permitted Transferee), Tenant’s Early Termination Right shall thereupon be deemed null and void.
Tenant’s Early Termination Right. Tenant shall have the right to terminate this Lease upon not less than sixty (60) days advance Notice to Landlord at any time after any of the following events occur:
Tenant’s Early Termination Right. Tenant shall have the right, subject to the provisions of this Section 34, to terminate this Lease (the “Tenant Early Termination Right”) effective on the last day of the 36th full calendar month after the Commencement Date (the “Tenant Early Termination Date”) so long as Tenant delivers written notice to Landlord of its election to exercise the Tenant Early Termination Right no less than 12 months in advance of the Tenant Early Termination Date. If Tenant timely and properly exercises the Tenant Early Termination Right, Tenant shall vacate the Premises and deliver possession thereof to Landlord in the condition required by the terms of this Lease on or before the Tenant Early Termination Date and neither Landlord nor Tenant shall have any further obligations under this Lease after the Tenant Early Termination Date except for those accruing prior to the Tenant Early Termination Date and those which, pursuant to the terms of this Lease, survive the expiration or early termination of this Lease.
Tenant’s Early Termination Right. The Lease shall be amended by inserting the following in addition to all other provisions: "TENANT'
Tenant’s Early Termination Right. Tenant shall have the right on one occasion to terminate the Lease as to all or a portion of the Premises and its remaining term (the “TERMINATION OPTION”), which termination, if properly exercised, only shall be effective on a date (the “TERMINATION DATE”) that is between the seventh (7th) and eighth (8th) anniversaries of the Complete Delivery Date.
Tenant’s Early Termination Right for any reason or no reason, effective as of the last day of the twenty-fourth (24th) full calendar month of the 2A Extension Term (“TETR Termination Date”). Landlord and Tenant agree that Tenant’s Early Termination Right is subject to (and limited by) the following terms and conditions:
Tenant’s Early Termination Right. Tenant shall have the right to cancel the Lease in its entirety by giving not less than twelve (12) months prior written notice (the “Cancellation Notice”) to Landlord at any time after the first twelve (12) months of the Lease Term in the event that: (a) Tenant reasonably determines that sufficient state and/or federal funding does not or will not exist, nor will be available to Tenant, so as to permit Tenant to meet and make payments specified in this Lease; or (b) due to insufficient State and/or federal funding, the State of Rhode Island reasonably determines that it is necessary to consolidate any or all of the offices of the departments or agencies occupying eighty percent (80%) or more of the Leased Premises into centralized or regional locations owned by the State or any of its agencies. Tenant shall vacate the Leased Premises on the date specified in Tenant’s Cancellation Notice, and the Term shall then end. In the event of an early termination of this Lease under this Section, in order to compensate Landlord for the Landlord’s Work Tenant shall pay to Landlord as liquidated damages the unamortized cost of such Landlord’s Work, which the parties agree shall be an amount equal to $ multiplied by the number of months in the originally scheduled (_) year Lease Term remaining after the effective date of the early termination of this Lease. There shall be no early termination payment due from Tenant to Landlord in the event that the Lease is cancelled by Tenant after the initial (_) years of the Term.
