Common use of Cancellation Provision Clause in Contracts

Cancellation Provision. The Lease shall contain a provision whereby Tenant may cancel the Lease at any time after the 18th month on the Lease by giving Landlord ninety (90) days written notice, and by paying four (4) months' extra rent and the unamortized portion of Landlord's contribution to Tenant's Improvements ($15.00 per square foot) based on a sixty (60) month term commencing from the date of April 1, 1998. The four (4) month rental amount shall decline on a prorata basis over the period of the remaining thirty-six (36) months.

Appears in 1 contract

Sources: Lease Agreement (CNB Holdings Inc /Ga/)

Cancellation Provision. The Lease shall contain a provision whereby Tenant may cancel the Lease at any time after the 18th 16th month on the Lease by giving Landlord ninety (90) days written notice, and by paying four (4) months' extra rent and the unamortized portion of Landlord's ’s contribution to Tenant's Improvements ’s improvements ($15.00 per square foot) based on a sixty (60) month term commencing from the date of April 1, 1998. The four (4) month rental amount shall decline on a prorata pro rata basis over the period of the remaining thirty-six (36) months.

Appears in 1 contract

Sources: Lease Agreement (CNB Holdings Inc /Ga/)