Common use of Final 12 Months Clause in Contracts

Final 12 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 12 months of the Term renders the Premises wholly untenantable, either Landlord or Tenant may terminate this Lease by notice to the other party within 30 days after the occurrence of such damage and this Lease shall expire on the 30th day after the date of such notice. For purposes of this Section 11.6, the Premises shall be deemed wholly untenantable if Tenant shall be precluded from using more than 50% of the Premises for the conduct of its business and Tenant’s inability to so use the Premises is reasonably expected to continue for more than 90 days.

Appears in 2 contracts

Samples: Lease Agreement, Lease (Omrix Biopharmaceuticals, Inc.)

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Final 12 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 12 months of the Term renders the Premises wholly untenantable, either Landlord or Tenant may terminate this Lease by notice to the other party within 30 thirty (30) days after the occurrence of such damage and this Lease shall expire on the 30th thirtieth (30th) day after the date of such notice. For purposes of this Section 11.6, the Premises shall be deemed wholly untenantable if Tenant shall be precluded from using more than fifty percent (50% %) of the Premises for the conduct of its business and Tenant’s inability to so use the Premises is reasonably expected to continue for more than 90 ninety (90) days.

Appears in 1 contract

Samples: Lease (Mindspeed Technologies, Inc)

Final 12 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 12 months of the Term renders the Premises wholly untenantable, either Landlord or Tenant may terminate this Lease by notice to the other party within 30 days after the occurrence of such damage and this Lease shall expire on the 30th day after the date of such notice. For purposes of this Section SECTION 11.6, the Premises shall be deemed wholly untenantable if Tenant shall be precluded from using more than 50% of the Premises for the conduct of its business and Tenant’s 's inability to so use the Premises is reasonably expected to continue for more than 90 days.

Appears in 1 contract

Samples: Lease (Franklin Resources Inc)

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Final 12 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 12 months of the Term (including extensions thereof) renders the Premises wholly untenantable, either Landlord or Tenant may terminate this Lease by notice to the other party within 30 days after the occurrence of such damage and this Lease shall expire on the 30th day after the date of such notice. For purposes of this Section 11.6, the Premises shall be deemed wholly untenantable if Tenant shall be precluded from using more than 50% of the Premises for the conduct of its business and Tenant’s 's inability to so use the Premises is reasonably expected to continue for more than 90 days.

Appears in 1 contract

Samples: Lease (PMC Sierra Inc)

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