Common use of TENANT’S OPTION TO BREAK Clause in Contracts

TENANT’S OPTION TO BREAK. 8.1 Subject to Clause 8.2, if the Tenant gives to the Landlord not less than 12 months' prior written notice before a Break Date then this Lease and the Contractual Term shall come to an end on the next relevant Break Date without prejudice to the parties' subsisting rights of action. 8.2 This Lease and the Contractual Term shall not come to an end on a Break Date unless at the relevant Break Date: (i) the rents reserved by this Lease and all other undisputed amounts payable under it have been paid up to and including the Break Date in cleared funds, provided that the Landlord has notified the Tenant of all such sums due as at the Break Date not later than 30 days prior to the relevant Break Date; and (ii) the Tenant yields up the whole of the Premises with vacant possession provided that the Tenant will not be in breach of this requirement if there remains on the Premises any of the Tenant's loose chattels fixtures or fittings of a minor or inconsequential nature. 8.3 Time shall be of the essence for Clauses 8.1 and 8.2 but this shall not make time of the essence for any other clause or paragraph of this Lease.

TENANT’S OPTION TO BREAK. 8.1 Subject to Clause 8.2, if the Tenant gives to the Landlord not less than 12 months' ’ prior written notice before a Break Date then this Lease and the Contractual Term shall come to an end on the next relevant Break Date without prejudice to the parties' ’ subsisting rights of action. 8.2 This Lease and the Contractual Term shall not come to an end on a Break Date unless at the relevant Break Date: (i) the rents reserved by this Lease and all other undisputed amounts payable under it have been paid up to and including the Break Date in cleared funds, provided that the Landlord has notified the Tenant of all such sums due as at the Break Date not later than 30 days prior to the relevant Break Date; and (ii) the Tenant yields up the whole of the Premises with vacant possession provided that the Tenant will not be in breach of this requirement if there remains on the Premises any of the Tenant's ’s loose chattels fixtures or fittings of a minor or inconsequential nature. 8.3 Time shall be of the essence for Clauses 8.1 and 8.2 but this shall not make time of the essence for any other clause or paragraph of this Lease.