Common use of Termination for Convenience by Licensee Clause in Contracts

Termination for Convenience by Licensee. 15.1 The Licensee may terminate this Agreement at any time for convenience by providing at least 15 days’ written notice to Northlands. In the event of termination for convenience by the Licensee: (a) If the effective date of termination specified in the notice falls more than 90 days prior to the Event, Northlands shall be entitled to the Costs and the Deposit, and shall refund to the Licensee the balance of the Rent paid by the Licensee, if any; or (c) If the effective date of termination specified in the notice falls 90 days or less prior to the Event, Northlands shall be entitled to the Costs and the Rent; and the Licensee shall have no further claims against Northlands. For clarity, in no event shall the effective date of termination be during the Event.

Termination for Convenience by Licensee. 15.1 The Licensee may terminate this Agreement at any time for convenience by providing at least 15 days’ written notice to Northlands. In the event of termination for convenience by the Licensee: (a) If the effective date of termination specified in the notice falls more than 90 days prior to the Event, Northlands shall be entitled to the Costs and the Deposit, and shall refund to the Licensee the balance of the Rent paid by the Licensee, if any; or (cb) If the effective date of termination specified in the notice falls 90 days or less prior to the Event, Northlands shall be entitled to the Costs and the Rent; and the Licensee shall have no further claims against Northlands. For clarity, in no event shall the effective date of termination be during the Event.