Common use of User’s Early Termination Option Clause in Contracts

User’s Early Termination Option. User may elect to terminate this Agreement by providing written notice to Tenant no less than 180 days’ prior to the date of intended early termination (“User Termination Notice”). The User Termination Notice shall advise Tenant of the date on which User will vacate the Property, said date being no earlier than 180 days from the date of the User Termination Notice (“User Termination Date”). Notwithstanding any early termination in accordance with the provisions of this Section 7.3, User will be liable for all rent accruing through the User Termination Date, regardless of whether or not User chooses to remain in physical possession of the Shared Space, User Office Space and/or Shared Assets. For purposes of clarity, in the Event that User delivers the User Termination Notice and provided that User timely vacates the Property in accordance with the terms of this Agreement, User will only be responsible for its obligations, including payment of Rent and other charges, under this Agreement accruing through the User Termination Date, but will not, however, be liable for Rent or other costs first accruing after the User Termination Date.

Appears in 14 contracts

Samples: Shared Warehouse Agreement, Shared Warehouse Agreement (Kraft Foods Group, Inc.), Shared Warehouse Agreement (Kraft Foods Group, Inc.)

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