Termination by the Lessee. Notwithstanding anything contained in this Lease or under the Law, if it becomes impossible or unprofitable for the Lessee to continue running the business on the Lease Premises, the Lessee may terminate the Lease and vacate the Lease Premises after giving a ninety (90) days’ notice to the Lessor, and in such a case:- The Lessee shall pay all rent arrears if any up to the expiry of the termination notice; The Lessee shall be at liberty to remove all movable assets, equipment and machinery on the Premises on or before the expiry of the termination notice.
Appears in 12 contracts
Samples: Commercial Lease Agreement, Commercial Lease Agreement, Commercial Lease Agreement
