Common use of CANCELLATION OF THE CONTRACT Clause in Contracts

CANCELLATION OF THE CONTRACT. 5.1. The Lessor has the right to unilaterally cancel the present Contract by a written warning to the Tenant not later than 7-60 calendar days, according to the rules specified in Appendix No. 1 to the present Contract. 5.2. In case if the Tenant terminates the Contract prior to the term specified in Paragraph 3.2 or 3.3. of this Contract, The Lessor is entitled to recalculate the fixed payment mentioned in Paragraph 4.5 of this Agreement and calculate penalty fees according the contractual provisions referred in Annex 1 (p. 8.2, 8.2.1). 5.3. The Contract shall be terminated if the Tenant do not transfers to the Lessor Deposit payment, stipulated in Paragraph 4.2. of this Contract