Common use of Conditions for Tenant’s Termination Clause in Contracts

Conditions for Tenant’s Termination. No act or failure to act on the part of Landlord which would entitle Tenant under the terms of this Lease, if any, or by law to be relieved of Tenant's obligations hereunder or to terminate this Lease shall result in a release or termination of such obligations or a termination of this Lease unless (a) Tenant shall have first given written notice of Landlord's act or failure to act to Landlord's mortgagees of record, if any, specifying the act or failure to act on the part of Landlord which could or would give basis to Tenant's rights; and (b) such mortgagees, after receipt of such notice, have failed or refused to correct or cure the condition complained of within a 60 day period thereafter; but nothing contained in this Section 22.3 shall be deemed to impose any obligation on any such mortgagee to correct or cure any such condition.

Appears in 2 contracts

Samples: Building Lease (Celerity Group Inc), Celerity Group Inc

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Conditions for Tenant’s Termination. No act or failure to act on the part of Landlord which would entitle Tenant under the terms of this Lease, if any, or by law to be relieved of Tenant's obligations hereunder or to terminate this Lease shall result in a release or termination of such obligations or a termination of this Lease unless (a) Tenant shall have first given written notice of Landlord's act or failure to act to Landlord's mortgagees of record, if any, specifying the act or failure to act on the part of Landlord which could or would give basis to Tenant's rights; and (b) such mortgagees, after receipt of such notice, have failed or refused to correct or cure the condition complained of within a 60 day period thereafter; but nothing contained in this Section 22.3 shall be deemed to impose any obligation on any such mortgagee to correct or cure any such condition.. ARTICLE 23

Appears in 1 contract

Samples: www.sec.gov

Conditions for Tenant’s Termination. No act or failure to act on the ----------------------------------- part of Landlord which would entitle Tenant under the terms of this Lease, if any, or by law law, to be relieved of Tenant's obligations hereunder or to terminate this Lease Lease, shall result in a release or termination of such obligations or a termination of this Lease unless (a) Tenant shall have first given written notice of Landlord's act or failure to act to Landlord's mortgagees First Mortgagee of record, record if any, specifying the act or failure to act on the part of Landlord which could or would give basis to Tenant's rights; rights and (b) such mortgageesFirst Mortgagee, after receipt of such notice, have has failed or refused to correct or cure the condition complained of within a 60 day period "reasonable time" thereafter; but nothing contained in this Section 22.3 29.22 shall be deemed to impose any obligation on any such mortgagee First Mortgagee to correct or cure any such condition.

Appears in 1 contract

Samples: Office Lease (Anchor Pacific Underwriters Inc)

Conditions for Tenant’s Termination. No act or failure to act on the ------------------------------------ part of Landlord which would entitle Tenant under the terms of this Lease, if any, or by law law, to be relieved of Tenant's obligations hereunder or to terminate this Lease Lease, shall result in a release or termination of such obligations or a termination of this Lease unless (a) Tenant shall have first given written notice of Landlord's act or failure to act to Landlord's mortgagees First Mortgagee of record, record if any, specifying the act or failure to act on the part of Landlord which could or would give basis to Tenant's rights; rights and (b) such mortgageesFirst Mortgagee, after receipt of such notice, have has failed or refused to correct or cure the condition complained of within a 60 day period "reasonable time" thereafter; but nothing contained in this Section 22.3 29.22 shall be deemed to impose any obligation on any such mortgagee First Mortgagee to correct or cure any such condition.

Appears in 1 contract

Samples: Office Lease (Anchor Pacific Underwriters Inc)

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Conditions for Tenant’s Termination. No act or failure to act on the part of Landlord which would entitle Tenant under the terms of this Lease, if any, or by law law, to be relieved of Tenant's ’s obligations hereunder or to terminate this Lease Lease, shall result in a release or termination of such obligations or a termination of this Lease unless unless: (a) Tenant shall have first given written notice of Landlord's ’s act or failure to act to Landlord's ’s mortgagees of record, if any, specifying the act or failure to act on the part of Landlord which could or would give basis to Tenant's ’s rights; and (b) such mortgagees, after receipt of such notice, have failed or refused to correct or cure the condition complained of within a 60 day period “reasonable time” thereafter; but nothing contained in this Section 22.3 18.3 shall be deemed to impose any obligation on any such mortgagee to correct or cure any such condition.

Appears in 1 contract

Samples: Office Lease (TrueCar, Inc.)

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