Common use of OPTION TO DETERMINE Clause in Contracts

OPTION TO DETERMINE. 6.8.1 If the Tenant 6.8.1.1 wishes to determine the Term on the Early Termination Date; 6.8.1.2 gives to the Landlord prior written notice of not less than twelve months and one day to that effect; 6.8.1.3 shall up to the Early Termination Date have paid the rents hereby reserved and there shall not be subsisting either at the time the notice is served or at the Early Termination Date any material breach by the Tenant of the covenants and obligations on the part of the Tenant contained in this lease, and 6.8.1.4 gives vacant possession of the Demised Premises to the Landlord then at 11.59 pm on the Early Termination Date this lease and everything contained in it shall cease and be void____ 6.8.2 The determination of the Term in accordance with sub-clause 6. 8.1 shall not cancel or restrict the rights and remedies of either party against the other in respect of any antecedent claim or breach of covenant____ 6.8.3 For the purposes of this sub-clause 6.8 time shall be of the essence____ IN WITNESS whereof this deed has been executed by the parties and has been delivered on the date written at the start of the document____ FIRST SCHEDULE "The Demised Premises"

OPTION TO DETERMINE. 6.8.1 If the Tenant 6.8.1.1 wishes to determine the Term on the Early Termination Date; 6.8.1.2 gives to the Landlord prior written notice of not less than twelve months and one day to that effect; 6.8.1.3 shall up to the Early Termination Date have paid the rents hereby reserved and there shall not be subsisting either at the time the notice is served or at the Early Termination Date any material breach by the Tenant of the covenants and obligations on the part of the Tenant contained in this lease, and 6.8.1.4 gives vacant possession of the Demised Premises to the Landlord then at 11.59 pm on the Early Termination Date this lease and everything contained in it shall cease and be void____ 6.8.2 The determination of the Term in accordance with sub-clause 6. 8.1 shall not cancel or restrict the rights and remedies of either party against the other in respect of any antecedent claim or breach of covenant_____ 6.8.3 For the purposes of this sub-clause 6.8 time shall be of the essence____ IN WITNESS whereof this deed has been executed by the parties and has been delivered on the date written at the start of the document____ FIRST SCHEDULE "The Demised Premises"