Termination of Head Lease at Option of Head Lessee Sample Clauses

Termination of Head Lease at Option of Head Lessee. At any time on or following (a) termination of the Facility Lease pursuant to Section 18.2 thereof, or (b) the expiration of the Facility Lease Term in circumstances under which the Facility Lessee is required to deliver possession of the Facility to the Owner Lessor in accordance with Section 5 of the Facility Lease, the Head Lessee may elect to terminate this Head Lease upon written notice to the Head Lessor, in each case without any obligation or liability to the Head Lessor. In connection with any termination of this Head Lease pursuant to this Section 6.2, the Head Lessee shall return the Facility to the Head Lessor in accordance with Section 6.3.
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Termination of Head Lease at Option of Head Lessee. At any time within eighteen months following the expiration or early termination of the Network Lease Term if (i) the Head Lease Term shall not have been terminated pursuant to Section 6.1 of this Head Lease, and (ii) the Head Lessee shall not have exercised its option to purchase the Owner Lessor’s Interest pursuant to Section 5.1 of this Head Lease, the Head Lessee may terminate this Head Lease. In connection with any termination of this Head Lease pursuant to this Section 6.2, the Head Lessee shall return the Owner Lessor’s Interest to the Head Lessor in accordance with Section 6.3.

Related to Termination of Head Lease at Option of Head Lessee

  • Termination for Convenience TIPS may, by written notice to Vendor, terminate this Agreement for convenience, in whole or in part, at any time by giving thirty (30) days’ written notice to Vendor of such termination, and specifying the effective date thereof.

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