Termination of the Lease Contract Clause Samples

Termination of the Lease Contract. In the event of termination of this contract by its fault, Tenant must bear all costs, disbursements and expenses of any kind resulting from its default and the termination of this contract, including all court costs and attorneys’ fees incurred by Landlord, and will also pay the rent, common charges and taxes and dues to be borne by Tenant under this contract until the end of the quarter in which this contract is terminated, and a relocation allowance equivalent to nine (9) months of rent, the above without prejudice to any other damages and indemnities Tenant may be obligated to pay in order to restore the Leased Premises and all other damages attributable to Tenant. It is specified that only Landlord may exercise the right, in case of fault of Tenant, to request the cancellation for fault and the payment of said indemnity, whereby Tenant cannot use its own fault in order to impose a termination by its faults with payment of a termination indemnity; consequently, this article may not give grounds to Tenant, in any case, to terminate the lease contract against payment of the aforementioned indemnity above.
View SourceView Similar (2)
Termination of the Lease Contract. 1. Party A and Party B agree that this Contract shall terminate without either party bearing liability in the event of any of the following circumstances during the lease term: 1.1 The land use rights for the Premises are legally reclaimed in advance; 1.2 The Premises are lawfully expropriated for public interest purposes; 1.3 The Premises are included in a legally permitted urban demolition and relocation plan due to urban construction needs; 1.4 The Premises are damaged, destroyed, or deemed hazardous due to reasons not attributable to either Party A or Party B. 2. Conditions Under Which Party B May Terminate the Contract: 2.1 Party A fails to deliver the Premises as stipulated in this Contract despite Party B having strictly performed its contractual obligations herein, and Party A still fails to deliver the Premises within seven (7) working days after receiving a written demand from Party B; 2.2 The Premises delivered by Party A do not conform to the contractual terms herein, thereby preventing Party B from achieving the intended purpose of the lease; 2.3 Party A subleases the Premises to a third party during the lease term herein without obtaining Party B’s prior written consent; 2.4 Upon termination of this Contract by Party B, Party B shall have the right to request Party A to refund the rent for the remaining lease term and the security deposit. 3. Conditions Under Which Party A May Terminate the Contract: 3.1 Party B’s business operations violate relevant national laws, regulations, or the applicable regulations of Wuhan Municipality (including the service requirements for “Three Responsibilities Agreement” (sanitation, order, and greenery maintenance)); 3.2 Party B alters the structure of the Premises; 3.3 Party B’s business activities interfere with other occupants, and Party B fails to rectify the issue within the correction period prescribed by Party A, or despite rectification, the interference persists; 3.4 Party B changes the intended use of the Premises; 3.5 Party B fails to pay rent or any other contractual fees agreed herein for a cumulative period exceeding fifteen (15) days or fails to maintain the required security deposit in full for a cumulative period exceeding fifteen (15) days; 3.6 Party B vacates the Premises prematurely during the lease term in violation of this Contract; 3.7 Party B fails to make the initial rent and security deposit payments as stipulated in this Contract; 3.8 Party B fails to complete all necessary industria...
View SourceView Similar (2)
Termination of the Lease Contract. 13.1. a) A lease contract concluded for a specific term of lease can- not be ordinarily terminated by either party.
View SourceView Similar (2)
Termination of the Lease Contract. 5.1 For contracts with a definite term, the Contract shall end upon expiration, without a requirement that the Customer terminate the Contract. 5.2 For contracts with a minimum term of 12 months, the Lease Contract may only be terminated with three month's written notice prior to the end of the contract period. If no timely notice is given to terminate the Contract, the Contract shall be extended for successive periods of an additional 12 months each.
View Source
Termination of the Lease Contract. 1. The Lease Contract is made for an indefinite time. The Lessee can cancel the Lease Contract in writing for the first time at the end of the month indicated on the obverse, after the beginning of the lease and thereafter at six-month intervals. The cancellation notice period is three months. 2. In case of cancellation, the final payments agreed on the obverse as a percentage of the net purchase price for each cancellation time will fall due. The legal sales tax is to be paid on the final payment. 3. 90% of the proceeds obtained from salvaging the object leased will be applied to the final payment up to the amount owed. If the Lessee executes a new Lease Contract of the same type with GEFA at the latest one month after the end of the Lease Contract, the proceeds from the salvage will be credited fully to the final payment period. Any additional amount due is to be paid within two weeks after written notice.
View Source

Related to Termination of the Lease Contract

  • Termination of the Lease The parties agree that the Management Agreement and the rights and benefits of Manager thereunder shall not be terminated or disturbed in any respect except in accordance with the terms of the Management Agreement, and not as a result of any termination of the Lease. Accordingly, if the Lease is terminated for any reason, including, without limitation, expiration of the term thereof or the "rejection" thereof following Bankruptcy (a) shall recognize Manager's rights under the Management Agreement, (b) agrees that Manager shall not be named as a party in any eviction or other possessory action or proceeding, and that Manager shall not be disturbed in its right to manage the Inn pursuant to the Management Agreement, and (c) shall at the time of or prior to such Lease Termination either (i) elect not to take either of the actions described in clause (c)(ii) below, in which case all of "Lessee's" rights, benefits, privileges and obligations under the Management Agreement with respect to periods after the Lease Termination shall be assumed directly by Lessor, or (ii) cause an "Approved Lessee" (as defined below) to (x) succeed to and assume Lessee's rights and obligations under the Lease, the Management Agreement, and this Agreement, or (y) enter into a new lease with Lessor in substantially the same form as the Lease, and assume the rights and obligations of the Lessee under the Management Agreement and this Agreement, the intent being that the relationship between any successor Lessee, Lessor and Manager be under the same terms and conditions as the relationship between Lessee, Lessor and Manager hereunder and under the Management Agreement and the Lease. Any successor to Lessee under clause (c)(ii) above shall be subject to Manager's prior written approval, which approval shall not be withheld or delayed if such successor to Lessee is (i) a direct or indirect wholly-owned subsidiary of Lessor, (ii) a person or entity to whom a Sale of the Inn is permitted under Section 10.02.A. of the Management Agreement, or (iii) a person or entity who otherwise is approved by Manager in its sole discretion (an "Approved Lessee").

  • Lease Termination Notwithstanding any other provisions in this Lease, this Lease will terminate and the Tenant must immediately vacate the Leased Premises upon: (i) The date on which the Tenant is no longer enrolled as a student in a course of full-time study at the University of Toronto Mississauga, provided that the Tenant shall be deemed to be enrolled as a student in a course of full-time study to the last day of the summer recess immediately following the completion by the Tenant of a scholastic year of full-time study. (ii) The Landlord and the Tenant agree that, once the Tenant ceases to be enrolled as a student in a course of full-time study at the University of Toronto Mississauga, the Tenant’s continued occupation of the Leased Premises constitutes a substantial interference with the Landlord’s lawful rights, privileges, and interests, and this is grounds for the Landlord to terminate the Lease. (iii) The provisions of this subparagraph 7(k) are strictly for the benefit of the Landlord. The Landlord may, in its sole discretion, elect to waive any or all provision(s) of this subparagraph 7(k) and require the Tenant to remain in occupation of the Leased Premises to the end of the term of the Lease. Alternatively, if the Landlord (at its sole discretion) elects to waive any or all provision(s) of this subparagraph 7(k), the Landlord and the Tenant may mutually agree to change the term of the Lease to require or allow the Tenant to remain in occupation of the Leased Premises until a mutually agreed upon date prior to the end of the term of the Lease. (iv) If either party has given notice to terminate this Lease pursuant to any provision herein, the Leased Premises may be shown to prospective Tenants between the hours of 8:00 am and 8:00 pm by the Landlord. Should the Tenant effectively deny the Landlord reasonable viewing rights. (v) In the event that the Tenant is obliged to vacate the Leased Premises on or before a certain date, and the Landlord enters into a tenancy agreement with a third party to lease the Premises herein described for any period thereafter, and the Tenant fails to vacate the Leased Premises on or before the due date, thereby causing the Landlord to be liable to such third party, then the Tenant will indemnify the Landlord for all losses suffered thereby, including, without limiting the generality of the foregoing, all legal costs incurred by the Landlord, such legal costs to be computed on a full indemnity basis.

  • Termination of Lease Should Landlord elect to terminate this Lease pursuant to the provisions of Sections 24.1 (a) or (c) above, Landlord may recover from Tenant, as damages, the following: (a) The worth at the time of award of any unpaid rental which had been earned at the time of the termination, plus (b) the worth at the time of award of the amount by which the unpaid rental which would have been earned after termination until the time of award exceeds the amount of rental loss Tenant proves could have been reasonably avoided, plus (c) the worth at the time of award of the amount by which the unpaid rental for the balance of the Term after the time of award exceeds the amount of rental loss that Tenant proves could be reasonably avoided, plus (d) any other amounts necessary to compensate Landlord for all the detriment proximately caused by Tenant's failure to perform its obligations under this Lease or which, in the ordinary course of things, would be likely to result therefrom including, but not limited to, any costs or expenses incurred by Landlord in (i) retaking possession of the Premises, including reasonable attorneys' fees therefor, (ii) maintaining or preserving the Premises after any default, (iii) preparing the Premises for reletting to a new tenant, including repairs or alterations to the Premises, (iv) leasing commissions, or (v) any other costs necessary or appropriate to relet the Premises, plus (e) at Landlord's election, any other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by the laws of the State of Nevada. As used in subparagraphs (a) and (b) above, the "worth at the time of award" is computed by allowing interest at the maximum lawful rate. As used in subparagraph (c) above, the "worth at the time of award" is computed by discounting such amount at the discount rate of the Federal Reserve Bank situated nearest to the location of the Shopping Center at the time of award plus one percent (1%).

  • Termination of the Contract 1. The Contractor may terminate the contract if the Partner has inadequately discharged or failed to discharge any of the contractual obligations, insofar as this is not due to force majeure, after notification of the Partner by registered letter has remained without effect for one month. 2. The Partner shall immediately notify the Contractor, supplying all relevant information, of any event likely to prejudice the performance of this contract.

  • Lessor Termination Option If a Hazardous Substance Condition occurs during the term of this Lease, unless Lessee is legally responsible therefor (in which case Lessee shall make the investigation and remediation thereof required by the Applicable Requirements and this Lease shall continue in full force and effect, but subject to Lessor's rights under Paragraph 6.2(d) and Paragraph 13), Lessor may, at Lessor's option, either (i) investigate and remediate such Hazardous Substance Condition, if required, as soon as reasonably possible at Lessor's expense, in which event this Lease shall continue in full force and effect, or (ii) if the estimated cost to remediate such condition exceeds twelve (12) times the then monthly Base Rent or $100,000, whichever is greater, give written notice to Lessee, within thirty (30) days after receipt by Lessor of knowledge of the occurrence of such Hazardous Substance Condition, of Lessor's desire to terminate this Lease as of the date sixty (60) days following the date of such notice. In the event Lessor elects to give a termination notice, Lessee may, within ten (10) days thereafter, give written notice to Lessor of Lessee's commitment to pay the amount by which the cost of the remediation of such Hazardous Substance Condition exceeds an amount equal to twelve (12) times the then monthly Base Rent or $100,000, whichever is greater. Lessee shall provide Lessor with said funds or satisfactory assurance thereof within thirty (30) days following such commitment. In such event, this Lease shall continue in full force and effect, and Lessor shall proceed to make such remediation as soon as reasonably possible after the required funds are available. If Lessee does not give such notice and provide the required funds or assurance thereof within the time provided, this Lease shall terminate as of the date specified in Lessor's notice of termination.