Common use of Failure to Complete Repairs; Rights of Termination Clause in Contracts

Failure to Complete Repairs; Rights of Termination. If Landlord is obligated, or elects to repair the damage to the Premises and fails to substantially complete the repairs within the longer of the period of time required or permitted by this Section 10.1 or the time set forth in Landlord’s Estimate plus a contingency period equal to 10% of the time set forth in Landlord’s Estimate (as the same may be reasonably extended due to any delay caused by Force Majeure) (the “Reconstruction Period”) then, Tenant shall have the right to terminate this Lease by delivery of written notice to Landlord not later than twenty (20) days following the end of the Reconstruction Period.

Appears in 4 contracts

Samples: Lease Agreement (Codiak BioSciences, Inc.), Lease Agreement (Codiak BioSciences, Inc.), Lease Agreement (Codiak BioSciences, Inc.)

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Failure to Complete Repairs; Rights of Termination. If Landlord is obligated, or elects to repair the damage to the Premises and fails to substantially complete the repairs within the longer of the period of time required or permitted by this Section 10.1 or the time set forth in Landlord’s Estimate plus a contingency period equal to 10% of the time set forth in Landlord’s Estimate (as the same may be reasonably extended due to any delay caused by Force Majeure) (the “Reconstruction Period”) then, Tenant shall have the right to terminate this Lease by delivery of written notice to Landlord not later than twenty ten (2010) days following the end of the Reconstruction Period.

Appears in 2 contracts

Samples: Lease (Organogenesis Holdings Inc.), Lease (Datawatch Corp)

Failure to Complete Repairs; Rights of Termination. If Landlord is obligated, or elects elects, to repair perform the damage to the Premises restoration work and fails to substantially complete the repairs restoration work within the longer of the period of time required or permitted by this Section 10.1 or the time set forth in Landlord’s Estimate plus a contingency period equal to 10% of the time set forth in Landlord’s Estimate (as the same may be reasonably extended due to any delay caused by Force Majeure) (the “Reconstruction Period”) then, Tenant shall have the right to terminate this Lease by delivery of written notice to Landlord not later than twenty thirty (2030) days following the end of the Reconstruction Period.

Appears in 2 contracts

Samples: Lease (Kaleido Biosciences, Inc.), Lease (Kaleido Biosciences, Inc.)

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Failure to Complete Repairs; Rights of Termination. If Landlord is obligated, or elects to repair the damage to the Premises and fails to substantially complete the repairs within the longer of the period of time required or permitted by this Section 10.1 Subsection 10.1.2 or the time set forth in Landlord’s 's Estimate plus a contingency period equal to ten percent (10% %) of the time set forth in the Landlord’s 's Estimate (as the same may be reasonably extended due to any delay caused by Force Majeure) Majeure (the "Reconstruction Period”) then"), then Tenant shall have the right to terminate this Lease by delivery of written notice to Landlord not later than twenty (20ten ( I 0) days following the end of the Reconstruction Period.

Appears in 1 contract

Samples: Lease Agreement (Acumen Pharmaceuticals, Inc.)

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