Common use of Termination of the Term Clause in Contracts

Termination of the Term. 24.1. The Term shall terminate upon the earliest of the following events to occur: 24.1.1. expiration of the Term; 24.1.2. in connection with a transaction contemplated by section 16 of this Agreement, the later of (a) the vesting of the acquiring party’s right to possession or (b) the Tenant’s vacating the Leased Premises; 24.1.3. under the circumstances contemplated by subsection 15.1 of this Agreement, upon the Tenant’s giving prompt notice of the failure of the Landlord to give, on a timely basis, the notice contemplated by subsection 15.1.2 of this Agreement and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable and as of the date of the Tenant’s giving notice with respect to those portions of the Leased Premises which were not rendered untenantable); 24.1.4. under the circumstances contemplated by subsection 15.1 of this Agreement, upon the expiration of 45 additional days (without the Landlord’s completion of restoration in the interim) after the Tenant shall have given prompt notice that the Landlord has not restored the Leased Premises on a timely basis and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable and as of the date of the Tenant’s giving notice with respect to those portions of the Leased Premises which were not rendered untenantable); 24.1.5. the effective date of any election by the Landlord under subsection 17.3.3 of this Agreement in response to the Tenant’s notice of the Tenant’s desire to assign this Agreement or to sublet all or a portion of the Leased Premises; or 24.1.6. the effective date of any election by the Landlord to terminate the Term under subsection 23.1.1 of this Agreement. 24.2. No termination of the Term shall have the effect of releasing the Tenant from any obligation or liability theretofore or thereby incurred and, until the Tenant shall have surrendered the Leased Premises in accordance with section 21 of this Agreement, from any obligation or liability thereafter incurred.

Termination of the Term. 24.1. The Term shall terminate upon the earliest of the following events to occur: 24.1.1. expiration of the Term; 24.1.2. in connection with a transaction contemplated by section 16 of this Agreement, the later of (a) the vesting of the acquiring party’s 's right to possession or (b) the Tenant’s 's vacating the Leased Premises; 24.1.3. under the circumstances contemplated by subsection 15.1 of this Agreement, upon the Tenant’s 's giving prompt notice of the failure of the Landlord to give, on a timely basis, the notice contemplated by subsection 15.1.2 of this Agreement and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable and as of the date of the Tenant’s 's giving notice with respect to those portions of the Leased Premises which were not rendered untenantable); 24.1.4. under the circumstances contemplated by subsection 15.1 of this Agreement, upon the expiration of 45 additional days (without the Landlord’s 's completion of restoration in the interim) after the Tenant shall have given prompt notice that the Landlord has not restored the Leased Premises on a timely basis and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable and as of the date of the Tenant’s giving notice with respect to those portions of the Leased Premises which were not rendered untenantable); 24.1.5. the effective date of any election by the Landlord under subsection 17.3.3 of this Agreement in response to the Tenant’s notice of the Tenant’s desire to assign this Agreement or to sublet all or a portion of the Leased Premises; or 24.1.6. the effective date of any election by the Landlord to terminate the Term under subsection 23.1.1 of this Agreement. 24.2. No termination of the Term shall have the effect of releasing the Tenant from any obligation or liability theretofore or thereby incurred and, until the Tenant shall have surrendered the Leased Premises in accordance with section 21 of this Agreement, from any obligation or liability thereafter incurred.'s

Termination of the Term. 24.1. ​ 24.1 The Term shall terminate upon the earliest of the following events to occur:: ​ 24.1.1. 24.1.1 expiration of the Term;; ​ 24.1.2. 24.1.2 in connection with a transaction contemplated by section 16 of this Agreement, the later of (a) the vesting of the acquiring party’s 's right to possession or (b) the Tenant’s 's vacating the Leased Premises;; ​ 24.1.3. 24.1.3 under the circumstances contemplated by subsection 15.1 of this Agreement: ​ 24.1.3.1 upon the destruction of the Building or upon the Building's sustaining such degree of damage that the Landlord intends not to rebuild the Building (which termination shall be effective as of the date of the subject casualty); 24.1.3.2 upon the Landlord's giving timely and otherwise proper notice of its election to cancel this Agreement, as contemplated by subsection 15.1.1 or subsection 15.1.2 of this Agreement; ​ 24.1.3.3 upon the Tenant’s 's giving timely and otherwise proper notice of its election to cancel this Agreement, as contemplated by subsection 15.1.2 of this Agreement; ​ 24.1.3.4 upon the Tenant's giving prompt notice of the failure of the Landlord to give, on a timely basis, the either notice contemplated by subsection 15.1.2 15.1 of this Agreement and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable unus­able by the subject casualty and as of the date of the Tenant’s 's giving notice with respect to those portions of the Leased Premises which were not rendered untenantableunusable by the subject casual­ty);; or ​ 24.1.4. 24.1.3.5 under the circumstances contemplated by subsection 15.1 15.1.2 of this Agreement, upon the expiration of 45 forty five (45) additional days (without the Landlord’s 's completion of its restoration obligation in the interim) after the Tenant shall have given prompt notice that the Landlord has not restored the Leased Premises on a timely basis and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of ​ the Leased Premises rendered untenantable unusable by the subject casualty and as of the date of the Tenant’s 's giving notice with respect to those portions of the Leased Premises which were not rendered untenantableunusable by the subject casualty); 24.1.5. 24.1.4 the effective date of any election by the Landlord under subsection 17.3.3 of this Agreement in response to the Tenant’s 's notice of the Tenant’s 's desire to assign this Agreement or or, as to such portion proposed to be sublet, to sublet all or a portion of the Leased Premises; or 24.1.6. 24.1.5 the effective date of any election by the Landlord to terminate the Term under subsection 23.1.1 of this Agreement.. ​ 24.2. 24.2 No termination of the Term shall have the effect of releasing the Tenant from any obligation or liability theretofore or thereby incurred and, until the Tenant shall have surrendered the Leased Premises in accordance with section 21 of this Agreement, from any obligation or liability thereafter incurred.. ​

Termination of the Term. 24.1. 23.1 The Term shall terminate upon the earliest of the following events to occur: 24.1.123.1.1. expiration of the TermExpiration Date; 24.1.223.1.2. in connection with a transaction contemplated by section Section 16 of this Agreement, the later of (a) the vesting of the acquiring party’s right to possession or (b) the Tenant’s vacating the Leased Premisespossession; 24.1.323.1.3. under the circumstances contemplated by subsection 15.1 Section 15 of this Agreement, upon the Tenant’s giving prompt notice of the failure of the Landlord to give, on a timely basis, the notice contemplated by subsection 15.1.2 of this Agreement and that the Tenant desires termination of the Term Casualty Termination Notice (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable and as of the date of the Tenant’s giving notice the Casualty Termination Notice, with respect to those portions of the Leased Premises which were not rendered untenantable); 24.1.423.1.4. under the circumstances contemplated by subsection 15.1 Section 15 of this Agreement, upon the expiration of 45 forty-five (45) additional days beyond the time period the Landlord has to restore (without the Landlord’s completion of restoration in the interim) after the Tenant shall have given prompt notice that the Landlord has not restored the Leased Premises on a timely basis and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable and as of the date of the Tenant’s giving notice with respect to those portions of the Leased Premises which were not rendered untenantable); 24.1.523.1.5. the effective date of any election to recapture by the Landlord under subsection 17.3.3 Section 17 of this Agreement in response to the Tenant’s notice of the Tenant’s desire to assign this Agreement or to sublet all or a portion of the Leased Premises; or 24.1.623.1.6. the effective date of any election by the Landlord to terminate the Term under subsection 23.1.1 Section 22.1.1 of this Agreement. 24.2. No termination of the Term shall have the effect of releasing the Tenant from any obligation or liability theretofore or thereby incurred and, until the Tenant shall have surrendered the Leased Premises in accordance with section 21 of this Agreement, from any obligation or liability thereafter incurred.

Termination of the Term. 24.1. The Term shall terminate upon the earliest of the following events to occur: 24.1.1. expiration of the Term; 24.1.2. in connection with a transaction contemplated by section 16 of this Agreement, the later of (a) the vesting of the acquiring party’s 's right to possession or (b) the Tenant’s 's vacating the Leased Premises; 24.1.3. under the circumstances contemplated by subsection 15.1 of this Agreement, upon the Tenant’s 's giving prompt notice of the failure of the Landlord to give, on a timely basis, the notice contemplated by subsection 15.1.2 of this Agreement and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable and as of the date of the Tenant’s 's giving notice with respect to those portions of the Leased Premises which were not rendered untenantable); 24.1.4. under the circumstances contemplated by subsection 15.1 of this Agreement, upon the expiration of 45 additional days (without the Landlord’s 's completion of restoration in the interim) after the Tenant shall have given prompt notice that the Landlord has not restored the Leased Premises on a timely basis and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable and as of the date of the Tenant’s 's giving notice with respect to those portions of the Leased Premises which were not rendered untenantable); 24.1.5. the effective date of any election by the Landlord under subsection 17.3.3 of this Agreement in response to the Tenant’s 's notice of the Tenant’s 's desire to assign this Agreement or to sublet all or a portion of the Leased Premises; or 24.1.6. the effective date of any election by the Landlord to terminate the Term under subsection 23.1.1 of this Agreement. 24.2. No termination of the Term shall have the effect of releasing the Tenant from any obligation or liability theretofore or thereby incurred and, until the Tenant shall have surrendered the Leased Premises in accordance with section 21 of this Agreement, from any obligation or liability thereafter incurred.

Termination of the Term. 24.1. 24.1 The Term shall terminate upon the earliest of the following events to occur: 24.1.1. 24.1.1 expiration of the Term; 24.1.2. 24.1.2 in connection with a transaction contemplated by section 16 of this Agreement, the later of (a) the vesting of the acquiring party’s 's right to possession or (b) the Tenant’s 's vacating the Leased Premises; 24.1.3. 24.1.3 under the circumstances contemplated by subsection 15.1 of this Agreement, upon the Tenant’s 's giving prompt notice of the failure of the Landlord to give, on a timely basis, the notice contemplated by subsection 15.1.2 of this Agreement (within 30 days of the last date that the Landlord might timely have given timely notice under subsection 15.1.2 of this Agreement) and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable and as of the date of the Tenant’s 's giving notice with respect to those portions of the Leased Premises which were not rendered untenantable); 24.1.4. 24.1.4 under the circumstances contemplated by subsection 15.1 of this Agreement, upon the expiration of 45 30 additional days (without the Landlord’s 's completion of restoration in the interim) after the Tenant shall have given prompt Tenant's notice that the Landlord has not restored the Leased Premises on a timely basis and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable and as of the date of the Tenant’s 's giving notice with respect to those portions of the Leased Premises which were not rendered untenantable); 24.1.5. 24.1.5 the effective date of any election by the Landlord under subsection 17.3.3 of this Agreement in response to the Tenant’s 's notice of the Tenant’s 's desire to assign this Agreement or to sublet all or a portion of the Leased Premises; or 24.1.6. 24.1.6 the effective date of any election by the Landlord to terminate the Term under subsection 23.1.1 of this Agreement. 24.2. 24.2 No termination of the Term shall have the effect of releasing the Tenant from any obligation or liability theretofore or thereby incurred and, until the Tenant shall have surrendered the Leased Premises in accordance with section 21 of this Agreement, from any obligation or liability thereafter incurred.

Termination of the Term. 24.1. The Term shall terminate upon the earliest of the following events to occur: 24.1.1. expiration of the Term; 24.1.2. the effective date of an election by the Tenant under subsection 6.2 of this Agreement; 24.1.3. in connection with a transaction contemplated by section 16 of this Agreement, the later of (a) the vesting of the acquiring party’s right to possession or (b) the Tenant’s vacating the Leased Premises; 24.1.324.1.4. under the circumstances contemplated by subsection 15.1 of this Agreement, upon the Tenant’s giving prompt notice of the failure of the Landlord to give, on a timely basis, the notice contemplated by subsection 15.1.2 of this Agreement and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable and as of the date of the Tenant’s giving notice with respect to those portions of the Leased Premises which were not rendered untenantable); 24.1.424.1.5. under the circumstances contemplated by subsection 15.1 of this Agreement, upon the expiration of 45 thirty (30) additional days (without the Landlord’s completion of restoration in the interim) after the Tenant shall have given prompt notice that the Landlord has not restored the Leased Premises on a timely basis and that the Tenant desires termination of the Term (which termination shall be effective as of the date of the subject casualty with respect to those portions of the Leased Premises rendered untenantable and as of the date of the Tenant’s giving notice with respect to those portions of the Leased Premises which were not rendered untenantable); 24.1.524.1.6. the effective date of any election by the Landlord under subsection 17.3.3 of this Agreement in response to the Tenant’s notice of the Tenant’s desire to assign this Agreement or to sublet all or a portion of the Leased Premises; or 24.1.624.1.7. the effective date of any election by the Landlord to terminate the Term under subsection 23.1.1 of this Agreement. 24.2. No termination of the Term shall have the effect of releasing either the Tenant or the Landlord from any obligation or liability theretofore or thereby incurred and, in the case of the Tenant, until the Tenant shall have surrendered the Leased Premises in accordance with section 21 of this Agreement, from any obligation or liability thereafter incurred.