A Termination Notice definition

A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the affected Property on a Payment Date not more than sixty (60) days after Lessor's receipt of such Termination Notice (the "Termination Date"); and (ii) a binding and irrevocable agreement of Lessee to pay the Termination Value for the applicable Property and purchase such Property on such Termination Date.
A Termination Notice shall contain notice of Tenant's intention to terminate this Lease as to the Affected Premises thirty (30) days after delivery of the Termination Notice (the "Termination Date") and any amounts prepaid by Tenant and attributable to the Affected Premises for any period after the Termination Date shall be refunded to Tenant.
A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the Property or the affected portion thereof on a date that is no later than forty-five (45) days after the occurrence of the applicable event described in CLAUSE (i), (ii) or (iii) of SECTION 16.1 (the "TERMINATION DATE"), such termination to be effective upon the Lessee's payment of the Asset Termination Value (or portion thereof representing the Property Cost of the affected portion of the Property); and (ii) a binding and irrevocable agreement of the Lessee to pay the Asset Termination Value and purchase the Property on the Termination Date.

Examples of A Termination Notice in a sentence

  • A Termination Notice and a Step-in Notice may each be revoked (in writing to the recipient) by the party giving them before the expiry of their respective notice periods.

  • A Termination Notice and a Step-in Notice may each be revoked (in writing to the recipient) by the Party giving them before the expiry of their respective notice periods.

  • A Termination Notice for a Termination for Good Reason shall indicate the specific provision in Section II(c) relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for Termination for Good Reason, and shall provide the Company a minimum of 30 days in which to remedy such facts or circumstances.

  • A Termination Notice shall be effective upon delivery to the other party and the termination shall be effective as of the date set forth in such Termination Notice (hereinafter, the “Termination Date”).

  • A Termination Notice shall be effective upon delivery to the other party and the termination shall be effective as of the date set forth in such Termination Notice (hereinafter, the "Termination Date").


More Definitions of A Termination Notice

A Termination Notice shall contain (i) notice of Tenant's intention to terminate this Lease with respect to the Affected Premises on the first Basic Rent Payment Date which occurs at least thirty (30) days after the date of the Condemnation Notice or thirty (30) days after the date of the Casualty (the "Termination Date"), and (ii) a binding and irrevocable offer of Tenant to pay to Landlord the Termination Amount for the Affected Premises.
A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the affected piece of Equipment on a date not more than thirty (30) days after Lessor's receipt of such Termination Notice (the "Termination Date"); (ii) a binding and irrevocable agreement of Lessee to pay the Termination Value and purchase such piece of Equipment on such Termination Date and (iii) the Officer's Certificate described in Section 16.1(b).
A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the Property or the affected portion thereof on a date that is no later than thirty (30) days after the occurrence of the applicable event described in clause (i), (ii), (iii) or (iv) of Section 16.1 (the "Termination Date"), such termination to be effective upon the Lessee's payment of the Asset Termination Value (or portion thereof representing the Property Cost of the affected portion of the Property) (offsetting against such amount the aggregate amount of the Cash Collateral, if any); and (ii) a binding and irrevocable agreement of the Lessee to pay the Asset Termination Value or a portion thereof (offsetting against such amount the aggregate amount of the Cash Collateral, if any), and purchase the Property on the Termination Date.
A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the affected Property on a Payment Date not more than sixty (60) days after Lessor's receipt of such Termination Notice (the "Termination Date"); and (ii) a binding and irrevocable agreement of Lessee to purchase or cause a third party to purchase the Property for a price equal to the Termination Value on such Termination Date. (b) On each Termination Date, Lessee shall purchase or cause a third party to purchase the Property for a price equal to the Termination Value for the applicable Property, and Lessor shall convey such Property or the remaining portion thereof, if any, to Lessee (or Lessee's designee), all in accordance with Section 20.2.
A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the affected Property on a Payment Date not more than sixty (60) days after Lessor's receipt of such Termination Notice (the "Termination Date"); and (ii) a binding and irrevocable agreement of Lessee to pay the Termination Value for the applicable Property (or, if applicable, for Lessor's leasehold interest and/or other rights existing under the Head Lease with respect to such Property) and purchase such Property (or, if applicable, Lessor's leasehold interest and/or other rights existing under the Head Lease with respect to such Property) on such Termination Date.
A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the affected Property on a date not more than thirty (30) days after Lessor's receipt of such Termination Notice (the "Termination Date"); (ii) a binding and irrevocable agreement of Lessee to pay the Termination Value and purchase such Property on such Termination Date and (iii) the Officer's Certificate described in Section 16.1(b). (a) On the Termination Date, Lessee shall pay to Lessor as Supplemental Rent the Termination Value for the applicable Property, plus all other amounts owing in respect of such Property (including Supplemental Rent) theretofore accruing and Lessor shall convey such Property to Lessee (or Lessee's designee) all in accordance with Section 19.
A Termination Notice shall contain: (i) notice of ---------- termination of this Lease with respect to the Property or the affected portion thereof on a date that is no later than thirty (30) days after the occurrence of the applicable event described in clause (i), (ii) or (iii) of Section 16.1 (the ---------- ---- ----- ------------ "Termination Date"), such termination to be effective upon the Lessee's payment ---------------- of the Asset Termination Value (or portion thereof representing the Property Cost of the affected portion of the Property) (offsetting against such amount the aggregate amount of the Defeasance Deposit Collateral and Cash Collateral, if any); and (ii) a binding and irrevocable agreement of the Lessee to pay the Asset Termination Value (offsetting against such amount the aggregate amount of the Defeasance Deposit Collateral and Cash Collateral, if any), and purchase the Property on the Termination Date.