Landlord Right to Terminate Sample Clauses

Landlord Right to Terminate. (a) In the event that there is any Premises Damage to any portion of the Improvements during the Term which is not an Insured Loss under circumstances where the Restoration Cost of such damage to the Improvements (not otherwise covered by insurance proceeds or funds provided by Tenant) exceeds (a "Restoration Cost Deficiency") Five Hundred Thousand Dollars ($500,000.00), which amount shall be reduced to $250,000.00 in the last two years of the Term (the "Damage Threshold"), Landlord shall have the right, exercisable by delivery to Tenant of written notice of termination within seventy-five (75) days of Landlord's discovery of the Premises Damage in question, to terminate this Lease effective upon the date sixty (60) days following delivery to Tenant of such notice of termination (which notice shall describe in reasonable detail the grounds for such termination (and attach reasonable supporting documentation therefor)); provided, however, that in the event Tenant shall receive any such notice of termination, (i) Tenant shall have the right (but not the obligation) to render such termination of this Lease void and ineffective (and to reinstate this Lease in full force and effect) by delivering to Landlord, within thirty (30) days of Tenant's receipt of Landlord's notice of termination, Tenant's written agreement to contribute (together with evidence of the security for such payment if reasonably required by Landlord), at Tenant's expense, the funds required to reduce the applicable Restoration Cost Deficiency to an amount equal to the Damage Threshold, and (ii) in any case, Tenant shall have the right to extend the effective date of any such termination for up to sixty (60) additional days (as selected by Tenant) by delivery of written notice to Landlord within thirty (30) days of Tenant's receipt of Landlord's notice of termination. (b) If, at any time during the last two (2) years of the Term (which shall include any Option Term for previously exercised Options to Extend; provided, that Tenant may exercise any remaining unexercised Option to Extend (in accordance with Paragraph 47 hereof) within thirty (30) days of receipt of Landlord's notice under this Paragraph 9.3(b) and in such case, the Option Term with respect thereto shall also be included), there is any Premises Damage, rendering at least twenty-five percent (25%) of the Improvements untenantable and its repair or restoration requires more than one hundred twenty-(120) days to complete, then Landl...
Sample 1
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Landlord Right to Terminate. Notwithstanding anything to the contrary contained herein, if there is a destruction of the Building that exceeds twenty-five percent (25%) of the replacement value of the Building from any risk, whether or not the Premises are damaged or destroyed, Landlord shall have the right to terminate this Lease by written notice to Tenant.
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Landlord Right to Terminate. Notwithstanding the terms of --------------------------- Section 11.1 of this Lease, Landlord may elect not to rebuild and/or restore the Premises and/or Building and/or Real Property and instead terminate this Lease by notifying Tenant in writing (the "Landlord Termination Notice") of such termination within sixty (60) days after the date of Landlord's discovery of damage (the "Damage Date"), such notice to include a termination date giving Tenant ninety (90) days to vacate the Premises, but Landlord may so elect only if the Premises, Building and/or Real Property shall be damaged by fire or other casualty or cause, whether or not the Premises are affected, and one or more of the following conditions is present: (i) repairs cannot reasonably be completed within two hundred forty (240) days of the Damage Date (when such repairs are made without the payment of overtime or other premiums); (ii) over One Million Dollars ($1,000,000.00) of the cost of the damage is not covered, excluding deductible amounts, by Landlord's insurance policies (which One Million Dollar ($1,000,000.00) amount shall decline, on a straight line basis, over the seven (7) years of the term of this Lease, each year reducing such amount by One Hundred Forty-Three Thousand Dollars ($143,000.00)),or (iii) the holder of any mortgage on the Building or Real Property shall require (based on such holders legal right to so require) that the insurance proceeds or any portion thereof be used to retire the mortgage debt and the remaining proceeds are more than Two Hundred Fifty Thousand and 00/100 Dollars ($250,000) less than the amount required to repair the damage.
Sample 1
Landlord Right to Terminate. If the Premises shall be totally damaged or rendered wholly untenantable by fire or other casualty or if the Building shall be so damaged by fire or other casualty that substantial alteration or reconstruction of the Building shall, in Landlord's sole opinion, be required (whether or not the Premises shall have been damaged by such fire or other casualty) or the insurance proceeds available to Landlord, in Landlord's sole opinion, shall not be reasonably sufficient to repair the damage, then in any such event Landlord may, at its option, terminate this Lease by giving Tenant thirty (30) days' notice of such termination at any time within one hundred twenty (120) davs after the date of such fire or other casualty. If such notice of termination shall be given, this Lease shall terminate as of the date provided in such notice (whether or not the Term shall have commenced) with the same effect as if that date were the Expiration Date. If at any time prior to the giving of the notice of termination or the commencement of repairs pursuant to SECTION 20.01, there shall be a Successor Landlord (as hereinafter defined), such Successor Landlord shall have a further period of sixty), (60) days from the date of its taking possession or from the expiration of the one hundred twenty (120) day period established above, whichever is earlier, to terminate this Lease by thirty (30) days' notice to Tenant, in which event this Lease shall terminate as of the date provided in such notice (whether or not the Term shall have commenced) with the same effect as if that date were the Expiration Date.
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Landlord Right to Terminate. Unless a transfer is part of a transaction involving the transfer of the Premises and at least ten (10) other retail store locations of Tenant, if Tenant submits a written request to sublease or assign all or a portion of the Premises or this Lease, then Landlord may terminate this Lease and regain possession of the Premises. If Landlord elects to terminate this Lease pursuant to this section, it shall do so within thirty (30) days after it receives Tenant's written request. Landlord's notice shall state the date this Lease shall terminate, which shall be between thirty (30) and ninety (90) days after Landlord's notice. However, Tenant may, within fifteen (15) days after Landlord's termination notice, vitiate Landlord's termination notice by notifying Landlord in writing that it withdraws its request to assign or sublease. After termination, Landlord may lease the Premises on any terms and conditions as Landlord determines appropriate in its sole and absolute discretion. Tenant shall be responsible for any brokerage or similar fees incurred by Landlord in releasing the Premises.
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Landlord Right to Terminate. For greater certainty, Landlord's right to terminate contained in Section 3 of the Seventh Amendment to Lease Agreement dated as of November 21, 2013 shall remain in full force and effect during the Eighth Extension Period.
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Landlord Right to Terminate. Notwithstanding any provision to the contrary contained in this Lease, Landlord and Tenant specially stipulate and agree that if Landlord, in Landlord’s sole discretion, determines the Premises are needed for educational purposes, then Landlord may terminate this Lease without penalty or charge by providing Tenant with - 1 year’s advance written notice of termination. In such event this Lease and all subleases, if any, shall terminate on the date set by Landlord in Landlord’s notice of termination. Tenant shall be solely responsible for providing and shall provide corresponding notice of termination to all subtenants, if any.
Sample 1
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Related to Landlord Right to Terminate

  • Tenant’s Right to Terminate Tenant shall have the right to terminate this Lease following a Casualty if any of the following occurs: (i) Landlord’s Architect determines (which determination shall be made and forwarded to Tenant promptly after such Casualty) that the Premises cannot, with reasonable diligence, be repaired by Landlord to a substantially similar condition as existed prior to such Casualty (or cannot be safely repaired because of the presence of hazardous factors, including, but not limited to, Hazardous Materials, earthquake faults and other similar dangers) within 360 days after the date of such Casualty and the Casualty materially adversely impacts Tenant’s use of a material portion of the Premises, or (ii) the Premises is destroyed or materially damaged during the last twelve (12) months of the Lease Term and Landlord’s Architect determines (which determination shall be made and forwarded to Tenant promptly after such Casualty) that such damage will require more than sixty (60) days to repair, or (iii) the Premises are not actually repaired by Landlord to a substantially similar condition as existed prior to such Casualty within 380 days following such Casualty and the Casualty materially adversely impacts Tenant’s use of a material portion of the Premises. If Tenant elects to terminate this Lease following a Casualty pursuant to this Section 7.3, Tenant shall give Landlord written notice of its election to terminate within thirty (30) days after receipt of Landlord’s Architect’s determination (or within 30 days of the applicable restoration period should Landlord fail to complete repairs during such period), and this Lease shall terminate as of the date of such notice of election to terminate.

  • Landlord’s Right to Terminate Landlord shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised by delivery to Tenant of a written notice of election to terminate within forty-five (45) days after the date of such damage: A. The Project is damaged by an Insured Peril to such an extent that the estimated cost to restore exceeds ten percent (10%) of the then actual replacement cost thereof, or the Building in which the Premises is located is damaged to such an extent that the estimated cost to restore exceeds twenty-five percent (25%) of the then actual replacement cost thereof; B. Either the Project or the Building is damaged by an Uninsured Peril to such an extent that the estimated cost to restore exceeds two percent (2%) of the then actual replacement cost of the Building; C. The Premises are damaged by any peril within twelve (12) months of the last day of the Lease Term to such an extent that the estimated cost to restore equals or exceeds an amount equal to six (6) times the Base Monthly Rent then due; or D. Either the Project or the Building is damaged by any peril and, because of the Laws then in force, (i) cannot be restored at reasonable cost to substantially the same condition in which it was prior to such damage, or (ii) cannot be used for the same use being made thereof before such damage if restored as required by this Article. E. As used herein, the following terms shall have the following meanings: (i) the term “Insured Peril” shall mean a peril actually insured against for which the insurance proceeds actually received by Landlord (and which are not required to be paid to any Lender) are sufficient (except for any “deductible” amount specified by such insurance) to restore the Project under then existing Laws to the condition existing immediately prior to the damage; and (ii) the term “Uninsured Peril” shall mean any peril which is not an Insured Peril. Notwithstanding the foregoing, if the “deductible” for earthquake or flood insurance exceeds two percent (2%) of the replacement cost of the improvements insured, such peril shall, at Landlord’s election, be deemed an “Uninsured Peril” for purposes of this Lease.

  • Our Right to Terminate We may terminate this Agreement and close your account at any time by giving you 30 days’ written notice; this right is in addition to any other rights to terminate this Agreement or close your account that we may have under this Agreement.

  • Licensee’s Right to Terminate Licensee may, at its option, without prejudice to any other remedies it may have, terminate this agreement by giving written notice of such termination to Licensor as follows: (a) immediately, in the event that Licensor abandons the Licensed Marks or otherwise ceases to support the Licensed Marks in Licensor's business; or (b) immediately in the event of the occurrence of a Bankruptcy with respect to Licensor; or (c) immediately in the event of an occurrence of termination pursuant to Section 13.2(d).

  • Right to Terminate Either Party may unilaterally terminate this Annex by providing thirty (30) calendar days written notice to the other Party.

  • Your Right to Terminate You may also terminate this Client Agreement or close your Account at any time by giving us written notice. Your Account will be closed as soon as reasonably practicable after we have received notice, all open Positions are closed, Orders are cancelled, and all of your obligations are discharged.

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

  • Right to Terminate Sale In the event that the property as stated in the Proclamation of Sale is not the property as described under the security documents executed by the Assignor/Borrower or otherwise different from such property as assigned to the Assignee/Bank by the Assignor/Borrower, the Assignee/Bank shall be entitled to terminate the sale and the bidding deposit paid shall be refunded to the Successful Purchaser(s). The Successful Purchaser(s) shall have no claims whatsoever against the Assignee/Bank, their Solicitors or the Auctioneer or any compensation in respect thereof.

  • Option to Terminate The Client and Contractor shall: (check one)

  • Landlord’s Termination Right Whether or not the Premises are affected, Landlord may, by notice to Tenant, within 60 days following the date upon which Landlord receives notice of the Taking of all or a portion of the Real Property, the Building or the Premises, terminate this Lease, provided that Landlord elects to terminate leases (including this Lease) affecting at least 50% of the rentable area of the Building.

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