Example ContractsClausesTermination Fee
Termination Fee
Termination Fee contract clause examples

Termination Fee. In consideration for Landlord’s agreement to terminate the Lease pursuant to this Amendment, and in full satisfaction of Tenant’s remaining financial obligations under Article 4 and Article 5 the Original Lease (as amended by the First Amendment), Tenant shall pay to Landlord, a termination fee (the “Termination Fee”) in the amount of Three Hundred Fifteen Thousand Dollars ($315,000.00) which shall be payable as set forth below. Tenant acknowledges that timely payment of the Termination Fee is a material term of this Amendment and is a condition precedent to the occurrence of the Termination Date.

Termination Fee. Borrower shall pay to each Lender in accordance with its respective Pro Rata Share, upon termination of this Agreement for any reason prior to the Term Loan Maturity Date, in addition to the payment of any other amounts then-owing, a termination fee (the “Termination Fee”) in an amount equal to # three percent (3.00%) of the original principal amount of each Term Loan made to Borrower if such termination occurs prior to the first anniversary of the Funding Date of such Term Loan or # two percent (2.00%) of the original principal amount of each Term Loan made to Borrower if such termination occurs on or after the first anniversary of the Funding Date of such Term Loan but prior to the Term Loan Maturity Date; provided that no termination fee shall be charged if the credit facilities hereunder are replaced with a new facility or facilities from the Lenders; and

Early Termination Fee. If this Agreement is terminated prior to the Revolving Maturity Date, a fee (the “Early Termination Fee”) in an amount equal to one percent (1.00%) of the Revolving Line.

Termination Fee. Upon termination of this Agreement or the termination of the Revolving Line for any reason prior to the Revolving Line Maturity Date, in addition to the payment of any other amounts then-owing, a termination fee in an amount equal to one percent (1.0%) of the Revolving Line (the “Termination Fee”); provided that no Termination Fee shall be charged if the credit facility hereunder is replaced with a new facility from Bank; and

Termination Fee. In consideration of Landlord’s agreement to allow the termination of the Lease, Tenant shall pay to Landlord the sum of # the cost to remove any internal stairwells (and close any slab opening) installed by or on behalf of Tenant (with respect to a Lease Termination, rather than a Single Floor Termination, it being agreed that Tenant is obligated to remove any internal stairwells and close any slab opening with respect to a Single Floor Termination pursuant to Rider [Section 8(g)] below), plus # the unamortized portion of all Landlord Lease Costs (as defined below) attributable to the negotiation, execution, and implementation of the Lease (with interest accruing on such Landlord Lease Costs at the rate of six percent (6%) per year) as may be reasonably calculated by Landlord (“Termination Fee”). Such Termination Fee shall be paid by Tenant to Landlord as follows: # 50% with the delivery of the Termination Notice, and # the remainder on or before the Termination Effective Date. “Landlord Lease Costs” shall mean legal fees, broker commissions, rent abatement, construction costs for Landlord’s Work (but not any Base Building Work described on Exhibit B-1), tenant finish allowance, concessions, and other amounts for Tenant’s benefit in connection with entering into this Lease. The Termination Fee shall not be deemed to be a penalty. In the event that Tenant exercises the Single Floor Termination, the Landlord Lease Costs shall be pro-rated accordingly. If any portion of the Termination Fee is not timely paid by Tenant to Landlord pursuant to the terms of this subclause (b), Landlord shall give Tenant notice of such non-payment, and if such portion of the Termination Fee in question is not paid by Tenant to Landlord within three (3) business days after such notice, then Landlord shall have the right, at Landlord’s option, to nullify Tenant’s exercise of the Termination Option and if Landlord exercises such option, # Tenant shall have no right to terminate as provided herein and the Lease shall continue in full force and effect in accordance with its terms, and # Landlord shall return to Tenant any amounts paid by Tenant towards the Termination Fee within thirty (30) days after Landlord shall have nullified Tenant’s exercise of the Termination Option. For the avoidance of doubt, Landlord’s election not to nullify Tenant’s exercise of the Termination Option pursuant to the preceding sentence shall in no way reduce or limit Landlord’s rights with respect to (or Tenant’s obligations to pay) any unpaid portions of the Termination Fee, all of which shall survive the Termination Effective Date.

Termination Fee. Upon termination of this Agreement for any reason prior to the Revolving Line Maturity Date, in addition to the payment of any other amounts then-owing, a termination fee in an amount equal to Eighty Thousand Dollars ($80,000) (the “Termination Fee”). Notwithstanding the foregoing, Bank agrees to waive the Termination Fee if Bank closes on the refinancing and re-documentation of the Revolving Line under this Agreement under another division of Bank (in its sole and exclusive discretion).

Termination Fee. For the Termination Notice to be effective, Tenant shall pay 50% of the Termination Fee (as defined below) to Landlord in certified funds concurrently with the delivery of the Termination Notice to Landlord. Tenant shall pay the remaining 50% of the Termination Fee to Landlord in certified funds at least 30 days before the Termination Date. For purposes of this Section, “Termination

Termination Fee. Upon termination of this Agreement or the termination of the Revolving Line for any reason prior to the Revolving Line Maturity Date, in addition to the payment of any other amounts then-owing, a termination fee in an amount equal to one percent (1.0%) of the Revolving Line (the “Termination Fee”); provided that no termination fee shall be charged if both # the credit facility hereunder is replaced with a new facility from Bank and # no Event of Default has occurred;

Termination Fee. If Landlord elects to purchase Tenant’s Interest pursuant to Section 19.1, it being understood that Tenant’s actual damages may be difficult to ascertain.

Termination Fee. As consideration for Tenant agreeing to terminate the Lease prior to the end of the Term, Landlord agrees to pay Tenant a termination fee in the amount of One Million Two Hundred Thousand Dollars ($1,200,000) (the “Termination Fee”), to be paid by Landlord on the Termination Effective Date.

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