Lease Termination Option definition

Lease Termination Option means the option of an Eligible Lessee to have the
Sample 1Sample 2Sample 3
Lease Termination Option shall have the meaning set forth in Section 2.9.
Sample 1

Examples of Lease Termination Option in a sentence

  • In respect of new units/major expansions, the interest paid/payable on borrowing funds, attributable to construction of building and acquisition/erection of Plant and machinery is capitalized up to the date of construction/acquisition/erection of aforesaid assets all other borrowing costs are charged to the statement of profit and loss.

  • Eligible Lessees who have an active lease and who choose the Lease Termination Option shall receive a Lease Termination and Lessee Restitution.

  • Notwithstanding the foregoing, in the event Tenant does not achieve Gross Sales (as hereinafter defined) of at least One Million Four Hundred Sixty-Five Thousand and 00/100ths Dollars ($1,465,000.00) during the third (3rd) full Lease Year of the Term hereof, then Landlord, for a period of sixty (60) days following the end of the third (3rd) full Lease Year, shall have the option, upon one hundred eighty (180) days prior written notice to Tenant, of terminating this Lease ("Termination Option").

  • Generation Two Eligible Lessees who have an active lease and who choose the Lease Termination Option shall receive a Lease Termination and Lessee Restitution.

  • In the event (y) Cadiz does not exercise the Cadiz Lease Termination Option prior to its expiration, or (z) Xxxxx Fargo declares an event of default under Cadiz Inc.’s senior secured indebtedness and accelerates the indebtedness due and owing thereunder by Cadiz Inc.

  • This Lease Termination Option is personal to the Tenant and, unless Landlord shall otherwise specifically agree in writing, shall automatically lapse and terminate upon the occurrence of an assignment of the Tenant's interest in the Lease or a sublet of all or part of Premises.

  • Claimants who have elected the Buyback or Lease Termination Option will be able to schedule online, or by telephone, an appointment with Volkswagen to take their Eligible Vehicles to their preferred Volkswagen or Audi Dealer for the settlement.

  • If, in accordance with the terms of the recognition, subordination and non-disturbance agreement with Xxxxx Fargo, Xxxxx Fargo exercises certain rights on behalf of Cadiz (including the Cadiz Lease Termination Option or the Repurchase Right), FVF shall be entitled to comply with the exercise of any such rights by Xxxxx Fargo, and the Company shall indemnify, defend and hold FVF harmless from its compliance with the exercise of any such rights by Xxxxx Fargo.

  • The Lease Termination Option contained in Paragraph 7 of the Eleventh Modification, is hereby deleted in its entirety.

  • So long as Tenant is not in default at either the time of exercise or at the time of termination, Tenant shall have the option to terminate this Lease ("Termination Option"), effective as of the day preceding the fourth (4th) anniversary of the Commencement Date (the "Early Termination Date").

Related to Lease Termination Option

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Renewal Option has the meaning set forth in §12.1.

  • Lease Termination Date means the last day of the Lease Term.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Recapture Period means the period commencing on the Effective Date and ending on the fifth anniversary of the last date that a Project owned by the Company is Placed in Service.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Compensation Options has the meaning ascribed in Section 8.1.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • Option to Extend has the meaning given that term in Section 2.13.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.