Common use of Tenant’s Liability for Early Termination Clause in Contracts

Tenant’s Liability for Early Termination. If Tenant terminates this Sublease other than for cause or of right as provided in this Sublease, in addition to Rent paid under this Sublease, Tenant shall also pay to Landlord as liquidated damages for early termination, 150% of the annual rent for the year in which Tenant terminates, unless Tenant terminates during the last year of any Term under Section 4 and Tenant has paid the annual rental for that year.

Appears in 1 contract

Samples: Site Sublease Agreement

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Tenant’s Liability for Early Termination. If Tenant terminates this Sublease other than for cause or of right as provided in this Sublease, in addition to Rent paid under this Sublease, Tenant shall also pay to Landlord as liquidated damages for early termination, 150% one hundred twenty percent (120%) of the annual rent for the year in which Tenant terminates, unless Tenant terminates during the last year of any Term term under Section 4 and Tenant has paid the annual rental rent for that year.

Appears in 1 contract

Samples: Site Sublease Agreement

Tenant’s Liability for Early Termination. If Tenant terminates this Sublease Lease other than for cause or of right as provided in this Sublease, in addition to Rent paid under this SubleaseLease, Tenant shall also pay to Landlord as liquidated damages for early termination, 150% of the annual rent for the year in which Tenant terminates, unless Tenant terminates during the last year of any Term under Section 4 Paragraph 3 and Tenant has paid the annual rental for that year.

Appears in 1 contract

Samples: Site Lease Agreement

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Tenant’s Liability for Early Termination. If Tenant terminates this Sublease Lease other than for cause or of right as provided in this Sublease, in addition to Rent paid under this SubleaseLease, Tenant shall also pay to Landlord as liquidated damages for early termination, one hundred fifty percent (150% %) of the annual rent for the year in which Tenant terminates, unless Tenant terminates during the last year of any Term under Section 4 and Tenant has paid the annual rental rent for that year.

Appears in 1 contract

Samples: Site Lease Agreement

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