Termination of Lease Agreement. The Company shall not terminate the Lease Agreement pursuant to Section 3(b) of said Agreement without receiving the prior written consent of the holders of at least 66 2/3% in aggregate principal amount of all IT Notes at the time outstanding.
Termination of Lease Agreement. Without the written consent of the Lessor, the Lessee shall not terminate the Lease Agreement during the lease term otherwise the Lessor shall be entitled to forfeit the Deposit. Without the consent of the Lessee, the Lessor shall not terminate the Lease Agreement during the lease term except that force majeure occurs.
Termination of Lease Agreement. (a) Pursuant to Section 6.2 hereof, the Agency shall deliver to the Company all necessary documents to reflect termination or amendment ofthis Lease Agreement, subject only to the following:
Termination of Lease Agreement. If Lessor elects to terminate this Lease Agreement pursuant to the terms of Section 11.A., then, notwithstanding such termination, Lessee shall be liable for and shall pay to Lessor the sum of all Royalties (including, without limitation, all Minimum Royalty) and other indebtedness accrued to the date of such termination, plus, as damages, an amount equal to the total of (1) the cost of recovering the Leased Premises, (2) the cost of removing and storing Lessee’s and other occupant’s property located therein, (3) the cost of collecting such amounts from Lessee hereunder, and (4) any other sums of money or damages that may be owed to Lessor as the result of default by Lessee or the exercise of Lessor’s rights at law or in equity. For clarification purposes, Lessee does not have an option to terminate the Lease Agreement during the Primary Term and regardless of when the Lease Agreement is terminated, Lessee will owe, at a minimum, the Minimum Royalty payment for each year during the Primary Term, subject to Lessor’s compliance with its obligations under this Lease.
Termination of Lease Agreement. This Agreement shall terminate at the end of the term provided herein, and the Lessee shall have no further right or interest in this Lease Agreement or in the designated premises. Default in the payment of any of the rents or fees reserved herein to the Airport shall give the Airport the right to terminate this agreement and such termination shall be effective seven (7) days after written notice to the Lessee, unless within said time the Lessee has paid the amounts due under this Agreement. The Airport shall have the right to terminate this Agreement for a violation of any other condition or provision of the Agreement and such termination shall be effective seven (7) days after written notice to the Lessee, unless within said time the Lessee has remedied such violation. The Airport shall have the right to terminate this Agreement in the event the Lessee abandons the premises. Upon termination or expiration of this Lease, the Lessee shall peacefully surrender and vacate the Leased Premises in as good condition as when taken, ordinary wear and tear excepted. In such instance, the Lessee shall immediately remove its airplane and other personal property from the T- Hangar. In the event the Lessee fails to remove its property, the Airport may do so and store it at the sole expense of the Lessee. The Airport shall have the right to terminate this Agreement should the Airport development necessitate that action. The Airport is under no obligation to relocate the Lessee to an area similar to that occupied at the time of relocation and /or to negotiate another Lease Agreement to occupy the new area.
Termination of Lease Agreement. Upon the termination of the Lease Agreement for any reason whatsoever, and at the sole cost and expense of the Company, the Mortgagee shall prepare, execute and deliver to the Agency and the Company, and the Agency and the Company shall execute, any documents necessary to amend the Mortgage to remove the Agency as a party thereto. EXHIBIT E FORM OF SALES TAX AGENT AUTHORIZATION LETTER SALES TAX AGENT AUTHORIZATION LETTER EXPIRATION DATE: DECEMBER 31, 2022 ELIGIBLE LOCATION: 000-000 Xxxxxxxx Xxxx, Xxxx xx XxXxxxxx, Xxx Xxxx 00000 , 20 TO WHOM IT MAY CONCERN Re: Dutchess County Industrial Development Agency (000 Xxxxxxxx Xxxx, LLC 2018 Facility) Ladies and Gentlemen: The Dutchess County Industrial Development Agency (the “Agency”), by this notice, hereby advises you as follows:
Termination of Lease Agreement. A Termination of the Lease Agreement duly executed and delivered by Seller and County.
Termination of Lease Agreement a. Any notice sent by the District to the Tenant is effective on the date it is sent, and may be sent via email, USPS, or delivered (a) to Tenant at the address stated in paragraph 2 of this lease agreement.
Termination of Lease Agreement. This Agreement shall automatically terminate upon the occurrence of any default or termination of the Lease Agreement.
Termination of Lease Agreement. 5.1 Any termination of the Lease Agreement must be in writing. The receipt of the notice of termination and not the dispatch of the notice of termination determines the timeliness of the termination.
