Common use of Final 18 Months Clause in Contracts

Final 18 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 18 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 4 contracts

Samples: Lease (Achieve Life Sciences, Inc.), Lease (Inphi Corp), Lease (Xstelos Holdings, Inc.)

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Final 18 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 18 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 's inability to so use the Premises is reasonably expected to continue for more than 90 days.

Appears in 3 contracts

Samples: Lease (Engage Technologies Inc), Disturbance and Attornment Agreement (Philadelphia Consolidated Holding Corp), Lease (Cmgi Inc)

Final 18 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 18 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 2 contracts

Samples: Lease (ChromaDex Corp.), Lease (Cereplast Inc)

Final 18 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 18 eighteen (18) months of the Term renders the Premises wholly untenantablematerially damaged, 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 day after the date of such notice. For purposes of this Section 11.611.9, the Premises shall be deemed wholly untenantable materially damaged if Tenant shall be precluded from using more than 50% any material portion of the Premises for the conduct of its business and or Tenant’s inability access to so use the Premises is reasonably expected to continue for more substantially impaired and there will be less than 90 dayssix (6) months remaining in the Term after the estimated completion date of the required restoration.

Appears in 2 contracts

Samples: Lease (Pegasystems Inc), Lease (Pegasystems Inc)

Final 18 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 18 months of the Term renders the Premises wholly untenantable, either Landlord or Tenant may terminate this Amended and Restated Lease by notice to the other party within 30 days after the occurrence of such damage and this Amended and Restated 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 (Marchex Inc), Lease (Marchex Inc)

Final 18 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 18 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 11.611.7, 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 1 contract

Samples: Lease (Larimar Therapeutics, Inc.)

Final 18 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 18 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 11.6Article, 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 1 contract

Samples: Sublease Agreement (K12 Inc)

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Final 18 Months. Notwithstanding anything to the contrary in this Article 11Article, if any damage during the final 18 eighteen (18) 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 11.6Section, 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 (Convio, Inc.)

Final 18 Months. Notwithstanding anything to the contrary in this Article ARTICLE 11, if any damage during the final 18 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 1 contract

Samples: Lease (BTHC VII Inc)

Final 18 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 18 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 11.611.5, 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 for the Permitted Uses and Tenant’s inability to so use the Premises is reasonably expected to continue for more than 90 days.

Appears in 1 contract

Samples: Lease (Boston Private Financial Holdings Inc)

Final 18 Months. Notwithstanding anything to the contrary in this Article 11, if any damage during the final 18 eighteen (18) months of the Term renders the Premises wholly untenantableUntenantable, 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 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 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 ninety (90) days.. Section 11.7

Appears in 1 contract

Samples: Office Lease (1stdibs.com, Inc.)

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