We need to get on the phone or get on the plane and work out a lease termination.
Five of the original six parks originally purchased from Six Flags are also involved in the lease termination.
The latest year included $492,284 pre-tax income from a lease termination at the company's Fishkill property.
It attributed $5.1 million of the loss to severance payments and lease terminations and $22.8 million to the disposition of its retail brokerage business.
It framed the case as a simple lease termination, but the diner invoked the legal concept of "easement," which entitles a tenant to reasonable access to the property.
Within hours of being served, the New Jersey Sports and Exposition Authority went to court for a restraining order to prevent the lease termination and a move by the franchise to Nashville.
RadioShack, based in Fort Worth, recorded pretax charges of $21 million related to its overhaul, including lease terminations, store liquidations and other actions, and $8.5 million to settle wage-and-hour class-action lawsuits.
Representative Mario Biaggi called the lease termination "a disgrace" and added, "It isn't a question of legality; it's a question of morality."
Scott Rechler, the company's co-chief executive, said that lower occupancy rates, a major lease termination and generally weak market conditions were factors in the quarter's performance.
I am worried that I may receive a lease termination at short notice or that the renewal notice may include an exorbitant rent increase.