Termination by Tenant. In the event that the destruction to the Premises cannot be restored as required herein under applicable laws and regulations within two hundred seventy (270) days of the damage or casualty, notwithstanding the availability of insurance proceeds, Tenant shall have the right to terminate this Lease by giving the Landlord notice thereof within thirty (30) days of date of the occurrence of such casualty specifying the date of termination which shall not be less than thirty (30) days nor more than sixty (60) days following the date on which such notice of termination is given. In the event of the giving of such notice of termination, this Lease shall expire and all interest of Tenant in the Premises shall terminate on the date so specified in such notice and the Rent, reduced by any proportionate reduction in Rent as provided for in Section 18.1 above, shall be paid to the date of such termination.
Termination by Tenant. If Landlord elects to repair or is required to repair the damage and any such repair (a) is not commenced by Landlord within one hundred twenty (120) days after the occurrence of such damage or destruction (or in the case of damage occurring in the last twelve (12) months of the Term, within sixty (60) days), or (b) is not or cannot practicably be substantially completed by Landlord within twelve (12) months after the occurrence of such damage or destruction (or in the case of damage occurring in the last twelve (12) months of the Term, within ninety (90) days), then in either such event Tenant may, at its option, upon written notice to Landlord to be delivered within fifteen (15) days after receipt of Landlord’s notice or the expiration of the 120-day commencement period, elect to terminate this Lease as of the date of the occurrence of such damage or destruction.
Termination by Tenant. In the event that the Premises or any part of the Building required for the conduct of Tenant's business at the Premises shall be taken by any public authority or for any public use or shall be condemned by the action of any public authority, then the term of this Lease may be terminated at the election of Tenant by the giving of notice to Landlord within sixty (60) days after the date of the taking. In the event any material part of the Premises or any part of the Building necessary for the conduct of Tenant's business at the Premises shall be destroyed or damaged by fire or other casualty (and Landlord has not elected to terminate the term of this Lease pursuant to Section 7.1.1), then as soon as practicable after the occurrence of such damage, Landlord shall give Tenant a notice (the "Restoration Notice") advising Tenant whether or not Landlord intends to restore the Premises (excluding any alterations made by Tenant) or such other portion of the Building to a condition substantially the same as existed immediately prior to such damage, and if Landlord intends to so restore, the time required to substantially complete such work, as reasonably estimated by an architect or a qualified general contractor selected by Landlord. If the Restoration Notice indicates either that (a) Landlord shall not restore the Premises or Building as provided above, or (b) the estimated time required for Landlord to substantially complete such restoration work shall exceed two hundred ten (210) days from the occurrence of such casualty damage, then Tenant may elect to terminate the term of this Lease by giving notice to Landlord not later than thirty (30) days after the date on which Landlord gives Tenant the Restoration Notice. Tenant may also elect to terminate the term of this Lease if the Lease is not terminated and Landlord shall fail to complete such restoration of the Premises or Building as described in the Restoration Notice within the estimated repair period, as such period is extended for delays not within Landlord's reasonable control (but not to exceed an additional thirty (30) days). Any election by Tenant to terminate the term of this Lease pursuant to the preceding sentence shall be made by notice given to Landlord not later than thirty (30) days after the expiration of the estimated repair period (as it may have been extended for delays beyond Landlord's reasonable control). Notwithstanding the foregoing, Tenant shall have no right to terminate the term of th...
Termination by Tenant. Tenant may apply to terminate this Agreement as set forth below prior to the Termination Date, however, Tenant understands that a termination under this provision is subject to all of the following terms and conditions:
Termination by Tenant. Tenant(s) may terminate this Agreement by submitting an online Termination Notice at least 30 days in advance of the date of termination. The Tenant(s) is responsible for the full 30 days’ rent and electricity charges from the date of such notice. Once notice is given, Tenant(s) may not hold over from the date of termination. If Xxxxxx(s) fails to vacate as indicated in the notice, Tenant(s) is liable for all damages associated to the failure to vacate.
Termination by Tenant. The TENANT, in addition to any other rights to which it may be entitled by law or otherwise, may terminate this Agreement by giving LANDLORD written notice in the event of default by LANDLORD under this Agreement continuing for more than sixty (60) calendar days after the LANDLORD’s receipt of written notice of such event of default and opportunity to cure from the TENANT, upon or after the happening of any one of the following events:
1) Issuance by any court of competent jurisdiction of a permanent injunction in any way preventing or restraining the use of the Airport or any major part thereof for aeronautical purposes and the remaining in full force of such permanent injunction for a period of at least one hundred and eighty (180) calendar days.
2) Inability of the TENANT to use, for a period in excess of one hundred and eighty (180) calendar days, the Airport or any part of the facility because of any law, order, rule, regulation or other action or non-action of the Federal Aviation Administration or any other governmental authority, or because of fire, earthquake, other casualties or acts of God or the public enemy.
3) LANDLORD shall fail to perform, keep and observe any of the obligations, terms, warranties or conditions contained in this Agreement that on the part of LANDLORD are to be performed, kept or observed, then:
i. TENANT may give LANDLORD written notice to correct such condition or cure such default, and if any such condition or default shall continue for sixty (60) calendar days after receipt of such notice by LANDLORD, TENANT may terminate this Agreement and the Term hereof shall cease and expire at the end of such sixty calendar (60) days in the same manner and to the same effect as if it were the expiration of the Term, unless such condition or default cannot reasonably be corrected within the sixty (60) calendar day period and LANDLORD has demonstrated due diligence with respect to curing said default, then such cure period may be extended for consecutive periods of thirty (30) calendar days, as long as diligent progress is made toward cure, with a reasonably foreseeable resolution date. Under such circumstances, default may be treated as cured until cured. Should diligent progress cease, or the reason for default become apparent as insoluble, then the Term shall cease and expire at the end of the thirty (30) calendar day extension then in effect;
4) Assumption by the United States Government or any other authorized agency thereof of t...
Termination by Tenant. As long as any Superior Lease or Mortgage shall exist, Tenant shall not seek to terminate this Lease by reason of any act or omission of Landlord (i) until Tenant shall have given notice of such act or omission to all Lessors and/or Mortgagees (of which Tenant has received notice) and shall state in such notice in BOLDFACE TYPE that within 45 days of receipt thereof, such Lessor or Mortgagee must provide Tenant a notice of its intention to seek to cure such default to preserve such Lessor’s or such Mortgagee’s rights under this Section 11.2, and (ii) provided such Lessor and/or Mortgagee shall, within 45 days of receipt of Tenant’s notice, notify Tenant of its intention to seek to cure such default, until a reasonable period of time shall have elapsed following the giving of notice of such default and the expiration of any applicable notice or grace periods (unless such act or omission is not capable of being remedied within a reasonable period of time) during which period such Lessors and/or Mortgagees shall have the right, but not the obligation, to remedy such act or omission. If any Lessor or Mortgagee elects to remedy such act or omission of Landlord, Tenant shall not seek to terminate this Lease so long as such Lessor or Mortgagee is proceeding with reasonable diligence to effect such remedy.
Termination by Tenant. If the Premises are damaged, Landlord shall provide to Tenant as soon as reasonably practicable, but in no event later than thirty (30) days after the occurrence of such damage, a reasonable estimate of Landlord’s architect or contractor, setting forth the estimated time required to complete the requisite repairs. If the Premises are damaged to the extent that it would take, according to such estimate, in excess of nine (9) months after the date on which such damage occurs, or three (3) months after the date on which such damage occurs if such damage occurs within the last twelve (12) months of the Term, to complete the requisite repairs, and the Premises would be untenantable for such nine (9)-month or three (3)-month period, respectively, Tenant may elect to terminate this Lease by notice of termination given by Tenant to Landlord within ten (10) business days after Landlord provides to Tenant such estimate. If Tenant has the right to, but does not, terminate this Lease pursuant to the immediately preceding sentence, but, subject to force majeure, Landlord fails to repair or restore the Building and Premises within thirty (30) days after the later of (a) the date set forth in such estimate, or (b) the expiration of such nine (9)-month or three (3)-month period, respectively, then Tenant may terminate this Lease as of the date of such damage by giving notice of such termination to Landlord within ten (10) business days after the expiration of such thirty (30)-day period.
Termination by Tenant. In the event of a breach by Landlord of any of its obligations, covenants, or agreements under this Agreement which continues for a period of days after receiving written notice of the breach from Tenant, Tenant has the right to terminate this Agreement, upon written notice to Landlord, without penalty. Landlord shall return to Tenant any prepaid or prorated rent if Tenant terminates this Agreement pursuant to this section.
Termination by Tenant. Tenant shall have the right to cancel this Lease, for any reason whatsoever including no reason, upon giving one hundred eighty (180) days’ notice of such cancellation in writing to Landlord without penalty or liability for rent or costs. Upon Tenant ’s cancellation, Landlord and Tenant shall be relieved of any further respective obligation under the Lease arising from and after the early termination date; provided that, such termination shall not, however, terminate those obligations set forth in the Lease which specifically survive after expiration or earlier termination thereof.
(a) Tenant may terminate this Lease immediately without penalty or liability for rent or costs for the following reasons: (i) if directed to do so by statute; (ii) if Landlord has made an assignment of the Lease for the benefit of creditors, or has admitted in writing its inability to pay debts as they mature, or has ceased operating in the normal course of business; (iii) if a trustee or receiver of Landlord or of any substantial part of Landlord’s assets has been appointed by any court; (iv) for fraud, misappropriation embezzlement, malfeasance, misfeasance, or illegal conduct by Landlord, its employees, officers, directors, or shareholders in connection with the execution of this Lease or the performance of Landlord’s obligations under the terms of this Lease; (v) if an involuntary proceeding has been commenced against Landlord under any one of the chapters of Title 11 of the United States Code and (a) the involuntary proceeding has been pending for at least sixty (60) days; or (b) Landlord has consented, either expressly or by operation of law, to the entry of an order for relief; or (c) Landlord has been decreed or adjudged a debtor; (f) A voluntary petition has been filed by Landlord under any of the chapters of Title 11 of the United States Code. Except to the extent that any of the circumstances referred to herein interferes with the Tenant ’s use of the Demised Premises, the Tenant shall remain liable for the payment of rent until it has vacated the premises.
(b) Tenant may terminate this Lease, in whole or in part, without penalty or liability for rent or costs if Landlord fails to perform its obligations under this Lease in a timely and proper manner. Tenant shall provide a written notice of default to Landlord and allow Landlord to cure a failure or breach of this Lease within a period of thirty (30) days. If the breach is not cured within thirty days, the Tenant may...
