Common use of CANCELLATION FOR DELAY Clause in Contracts

CANCELLATION FOR DELAY. Promptly after LESSOR becomes aware that a delay will cause Delivery to be delayed beyond , LESSOR will notify LESSEE. By written notice given to the other party within 10 Business Days after LESSEE’s receipt of such LESSOR notice, either party may terminate this Lease and this Lease will terminate on the date of receipt of such notice. In the event of such termination, neither party will have any further liability to the other party except that LESSOR will return to LESSEE the Security Deposit in accordance with Article 5.1.3 and any prepaid Rent. If neither party gives notice of termination within such 10 Business Days, both parties lose all right to terminate under this Article 3.6 unless otherwise agreed in writing by the parties.

CANCELLATION FOR DELAY. Promptly after LESSOR becomes aware that If a delay will cause delay, not caused by LESSEE's or LESSOR's breach of this Lease, causes Delivery to be delayed beyond September 20, 1996, LESSEE will have the right to terminate this Lease by giving LESSOR will notify LESSEE. By written notice given to the other party within 10 ten (10) Business Days after LESSEE’s receipt of such LESSOR notice, either party may terminate this Lease date and this Lease will terminate on the date of receipt of such notice. In the event of such termination, neither party will have any further liability to the other party except that LESSOR will return to LESSEE the Security Deposit in accordance with Article 5.1.3 Deposit, the Transaction Fee and any prepaid Rent. If neither party gives LESSEE does not give notice of termination within such 10 ten (10) Business Days, both parties LESSEE shall lose all right rights to terminate under this Article 3.6 3.5, unless otherwise agreed in writing by the parties.