break clause definition

break clause means a provision of a lease that gives a person a right to terminate it so that its term is shorter than it otherwise would be, and
break clause. Landlord shall have the right to serve seven months’ prior
break clause. Break Clause (Conditions 26A1 – 26A3) apply and the notice period is 2 hours instead of 10 Working School Days. The prices set out above apply. The Call-Off Contract Price is required to be shown as each trip. If a passenger assistant is required this cost must be shown separately to the vehicle cost. For the avoidance of doubt, Schedule 6 (Finance Schedule for Call-Off Contracts) applies with the following modifications: The Council shall give the Service Provider at least two (2) hours’ notice of cancellation of a route on particular days and the Service Provider shall not be entitled to be paid in respect of the route so cancelled (notwithstanding paragraph 2.14 of Schedule 6 of the DPS Agreement). Such notice may be provided solely by email notwithstanding Condition 25 of the DPS Agreement. This provision supersedes paragraph 2.13 of Schedule 6 of the DPS Agreement.]

More Definitions of break clause

break clause means a clause in a licence, other than a clause relating to continuation of the licence beyond its initially agreed or any subsequent term, which provides that, in the event of failure by the licensee on or before a date specified in that clause to take specified action or to undertake to complete specified work, the licence shall cease and determine;
break clause. As defined in the attached addendum.
break clause is a clause in the Tenancy agreement which enable either the Landlord or Tenant (or both) to end the Tenancy early.
break clause. Both HREAL (as agent of HPI and LF) and Citistore HK shall have the right to serve two months’ prior notice during the term to terminate the tenancy.
break clause. Xiamen JV shall have the right to early terminate the New Tenancy Agreement without cause by providing Mingjia Lujiang Hotel a sum equivalent to two months’ rental for each remaining year of the term of the New Tenancy Agreement (calculated from the termination date up to the expiration of the New Tenancy Agreement, rounded up to a year even if less than a year) as liquidated damages.
break clause. The Client has a break clause exercisable no earlier than the 6-month anniversary of the Start Date. The Client can serve notice to exercise the break clause at any time up to 10 days before the 6-month anniversary. If no notice is received from the Client that it wishes to exercise the break clause on the 6-month anniversary, then the break clause lapses automatically, and the Client remains under contract until the end of the contract term. If notice is served by the Client, then this agreement is automatically dissolved on the 6-month anniversary and the [outstanding annual fees will not be invoiced / pre-paid fees for the unused portion the Subscription Term will be refunded by Tussell to the Client within 30 days.
break clause means a provision of a lease that gives a person 20