Lease Termination Fee definition

Lease Termination Fee shall have the meaning set forth in Section 6.6.1.

Lease Termination Fee means the receipt by Borrower or Operating Company of a fee, payment or other compensation from any Tenant relating to or in exchange for the termination or surrender of such Tenant’s Lease. During the continuance of a Monetary Default or an Event of Default, all Lease Termination Fees shall be deposited with Agent.

Lease Termination Fee is defined in Section 2.9.

Examples of Lease Termination Fee in a sentence

• In consideration for Tenant being relieved of further obligations under the Lease after the Termination Date, Tenant and Landlord agree that Tenant shall pay a Lease Termination Fee of Seventy Thousand Dollars ($70,000.00).

• If the damage noted in the inspection exceeds the Lease Termination Fee, a credit will be processed by LeasePlan by deducting the Lease Termination Fee and any Exclusions from the assessed chargeable damage, per Vehicle, to a maximum of the Maximum Cover.

• The Market Value shall then be reduced by a Lease Termination Fee of $500.00 plus all expenses incurred by Lessor in connection with the recovery and disposition of the Property.

• The Lease Termination Fee shall be in addition to all sums due and payable pursuant to the Lease through and including the Lease Termination Date.

• Within thirty (30) days after receiving the preliminary notice from Tenant, Landlord shall notify Tenant of the amount of the Lease Termination Fee based on the appropriate Lease Termination Date set forth in Tenant's notice.

More Definitions of Lease Termination Fee

Lease Termination Fee shall have the meaning set forth in Section 6.4.1. “Lease Termination Funds” shall have the meaning set forth in Section 6.4.1. “Lease Termination Reserve Account” shall have the meaning set forth in Section 6.4.1. “Leasing Agent” shall mean (as the context may require) (i) Leasing Agent (Newmark), (ii) Leasing Agent (Xxxxxxx), (iii) Leasing Agent (Xxxxxxx), and (iv) or any other leasing agent engaged by Borrower in accordance with the terms and conditions of the Loan Documents. “Leasing Agent (Cushman)” shall mean Xxxxxxx & Xxxxxxxxx, Inc., a New York corporation. “Leasing Agent (Newmark)” shall mean Newmark & Company Real Estate, Inc. d/b/a Newmark Xxxxx Xxxxxx & Xxxxx, a New York corporation. “Leasing Agent (Savanna)” shall mean Savanna Commercial Services LLC, a Delaware limited liability company. “Leasing Agreement” shall mean (as the context may require) (i) the Leasing Agreement (Newmark), (ii) the Leasing Agreement (Savanna) (Office), (iii) Leasing Agreement (Savanna) (Retail), (iv) Leasing Agreement (Xxxxxxx) or (v) any Replacement Leasing Agreement entered into by and between Borrower or Manager and a Leasing Agent in accordance with the terms of the Loan Documents, in each case, pursuant to which the Leasing Agent is to provide leasing services with respect to the Property. “Leasing Agreement (Xxxxxxx)” shall mean that certain Rental Agency Agreement dated as of July 24, 2019 between Borrower and Leasing Agent (Xxxxxxx).

Lease Termination Fee calculated as follows: If the Early Termination Date occurs in January, 2014, the Lease Termination Fee shall be Three Millions Dollars ($3,000,000.00). For each month after January, 2014 until the month that the Early Termination Date occurs, the Lease Termination Fee shall be reduced by Twenty-Two Thousand Dollars ($22,000.00). Tenant shall not be entitled to receive a Lease Termination Fee if the Lease is lawfully terminated by Landlord following a default of Tenant under the Lease (i.e., a default which under the terms of the Lease or under applicable law, would legally permit Landlord to declare a termination of the Lease, e.g., Tenant’s failure to pay rent, application of Lease provisions providing for termination rights following a damage or destruction of the Premises or following a governmental agency’s exercise of the right of eminent domain with respect to the Leased Premises, etc.). Notwithstanding the foregoing, if Landlord has delivered to Tenant a Lease Termination Notice specifying a Lease Termination Date that will occur on or after March 13, 2016 and Tenant has not timely exercised its right to extend the term of the Lease in accordance with Article 15 of the Lease, the Lease Termination Fee shall be equal to the product of Fifty Thousand Dollars ($50,000.00) and the number of months in the original Lease term that follows the Lease Termination Date (partial months to be prorated).”

Lease Termination Fee has the meaning given it in the Lease Agreement.

Lease Termination Fee means:

Lease Termination Fee shall have the meaning set forth in Section 2.9.

Lease Termination Fee means $120,000.

Lease Termination Fee means any payment, fee or penalty paid by a Tenant in connection with the cancellation or termination of such Tenant's Lease, whether by reason of such Tenant's default or pursuant to the terms of such Lease.