Building Substantially Damaged. Notwithstanding Section 11.2, if the Building is damaged or destroyed by casualty (regardless whether the Premises is affected) and either (a) fewer than 9 months remain in the Term (excluding any unexercised Extension Terms), or (b) the damage reduces the value of the improvements on the Property by more than 50% (as determined by Landlord in its sole but reasonable discretion), then, regardless of whether Landlord determines in its reasonable discretion that it can make the Building tenantable within 180 days after the date of the casualty, Landlord, at Landlord’s option, by notifying Tenant within 20 Business Days after the casualty, may terminate this Lease effective on the date of Landlord’s notice.
Building Substantially Damaged. 29 11.4 Insufficient Proceeds ..................................................................... 29 11.5 Landlord's Repair Obligations ............................................................. 29 11.6
Building Substantially Damaged. If the Building is damaged or destroyed by any Casualty (regardless whether the Premises is affected) and either (a) less than fifteen (15) months remain in the Term, or (b) the damage reduces the value of the improvements on the Project by more than fifty percent (50%) (as Master Lessor reasonably determines value before and after the Casualty), then regardless whether Master Lessor determines (in its reasonable discretion) that Master Lessor can make the Building tenantable within two hundred seventy (270) days after the date of the Casualty, Landlord may, at Landlord's option, by notifying Tenant within sixty (60) days after the Casualty, terminate this Lease effective sixty (60) days after the date of Landlord's termination notice. 0000 Xxxx Xxxxxx 11 9/29/04 Office Lease Agreement
Building Substantially Damaged. If the Building is damaged or destroyed by fire or other casualty (regardless whether the Premises is affected) and the damage reduces the value of the improvements on the Property by more than fifty percent (50%) (as Landlord reasonably determines value before and after the casualty), regardless whether Landlord expects that it could make the Building tenantable within one hundred twenty (120) days after the date of the casualty, then Landlord or Tenant may elect by notice to the other party within thirty (30) days after the casualty to terminate this Lease effective on the date thirty (30) days after the Delivery Date of the notice of termination.
Building Substantially Damaged. In the event that more than fifty percent (50%) of the value of the Building is damaged or destroyed by fire or other casualty, then Landlord shall notify Tenant thereof in writing promptly after the occurrence of such casualty, and irrespective of whether damage or destruction can be made tenantable within one hundred eighty (180) days thereafter, then at Landlord’s option, by written notice to Tenant, given within thirty (30) days from the date of such damage or destruction, Landlord may terminate this Lease effective upon a date within ninety (90) days from the date of such notice to Tenant.
Building Substantially Damaged. Notwithstanding the terms and conditions of Sections 11.1 and 11.2, if the Building is damaged or destroyed by fire or other casualty (regardless whether the Premises is affected) and either (a) fewer than 15 months remain in the Term (including any Renewal Term, if applicable), and Tenant shall not exercise any then unexercised Renewal Option within the applicable notice period described in Section 1.2.5, or (b) the damage reduces the value of the improvements on the Property by more than 50% (as Landlord reasonably determines value before and after the casualty), then, regardless whether Landlord determines that it can make the Building tenantable within 180 days after the date of the casualty, Landlord, at Landlord’s option, by notifying Tenant within 30 days after the casualty, may terminate this Lease effective on the date of Landlord’s notice. Landlord shall not have the right to terminate this Lease unless Landlord shall reasonably determine not to rebuild the Building and shall terminate all other leases affecting the Building. If Landlord terminates this Lease pursuant to this Section 11.3, Landlord covenants not to rebuild the Building within eighteen (18) months after the fire or other casualty event, and this covenant by Landlord shall survive the termination of this Lease; provided, however, this covenant not to rebuild within 18 months is personal to Landlord and its Affiliates and shall not run with the Land.
Building Substantially Damaged. In the event that more than fifty percent (50%) of the value of the Building is damaged or destroyed by fire or other casualty, and irrespective of whether damage or destruction can be made tenantable within one hundred twenty (120) days thereafter, then at Landlord's option, by written notice to Tenant, mailed within forty-five (45) days from the date of such damage or destruction, Landlord may terminate this Lease effective upon a date within ninety (90) days from the date of such notice to Tenant.
Building Substantially Damaged. Notwithstanding the terms and conditions of Section 11.1, if the Building is damaged or destroyed by fire or other casualty (regardless whether the Premises is affected) and either (a) fewer than eighteen (18) months remain in the Term (if Landlord cannot make the Building tenantable within 180 days after the date of the casualty), or (b) fewer than one (1) year remains in the Term, then, regardless whether Landlord’s engineer (which may be Opus A&E) determines (in its reasonable discretion) that it can make the Building tenantable within 180 days after the date of the casualty, then Landlord or Tenant, at either party’s option, by notifying the other party within thirty (30) days after the casualty (or after the determination by Landlord’s engineer at to subsection (i) of this Section 11.3), may terminate this Lease effective on the date of such party’s notice.
Building Substantially Damaged. If the Building is damaged or destroyed by fire or other casualty (regardless whether the Premises is affected) and the damage reduces the value of the improvements on the Property by more than 50% (as Landlord reasonably determines value before and after the casualty), regardless whether Landlord expects that it could make the Building tenantable within two hundred (200) days after the date of the casualty, then Landlord may, at Landlord's option, by notifying Tenant within thirty (30) days after the casualty, terminate this Lease effective on the date one hundred eighty (180) days after the date of Landlord's termination Notice.
Building Substantially Damaged. Notwithstanding the terms and conditions of Section 11.1, if the Building is damaged or destroyed by fire or other casualty (regardless whether the Premises is affected) and the damage reduces the value of the Building by more than 50% (as Landlord reasonably determines value before and after the casualty), regardless whether Landlord determines (in Landlord's reasonable discretion) that it can make the Premises tenantable within 270 days after the date of the casualty, then Landlord, at Landlord's option, by notifying Tenant within 30 days after the casualty, may terminate this Lease effective on the date of Landlord's notice. Basic Rent and Tenant's Share of Operating Expenses will xxxxx from the date of the casualty according to the formula set forth in Section 11.1.
