Landlord Right to Terminate Sample Clauses

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 eighty (180) days 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 ninety (90) days from the date of its taking possession or from the expiration of the one hundred eighty (180) 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. 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 Xxxxxx.
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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 Five Hundred Thousand Dollars ($1,500,000.00) of the cost of the damage is not covered, excluding deductible amounts, by Landlord's insurance policies (which One Million Five Hundred Thousand Dollar ($1,500,000.00) 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 Two Hundred Fourteen Thousand Dollars ($214,000.00)),or (iii) the holder of any mortgage on the Building or Real Property shall require (based on such holder's legal right to so
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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.
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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.
Sample 1
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.
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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.
Sample 1
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Related to Landlord Right to Terminate

  • Tenant’s Right to Terminate If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord's architect or construction consultant as to when the restoration work required of Landlord may be complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

  • Landlord’s Right to Terminate Landlord shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Tenant of a written notice of election to terminate within thirty days after the date of such damage or destruction:

  • 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.

  • Purchaser’s Right to Terminate Anything in any of the Transaction Documents to the contrary notwithstanding, each Purchaser has the right to demand and receive back from the Company such Purchaser’s Subscription Amount at any time until a Closing takes place in connection with such Subscription Amount. UNDER NO CIRCUMSTANCES WILL THE PURCHASER’S SUBSCRIPTION AMOUNT BE DELIVERED TO OR UNDER THE CONTROL OR AUTHORITY OF ANY PLACEMENT AGENT OR BROKER.

  • 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:

  • Reservation of Right to Terminate Relationship Nothing contained in this Agreement shall restrict the right of the Company to terminate the relationship of the Optionee at any time, with or without cause. The termination of the relationship of the Optionee by the Company, regardless of the reason therefor, shall have the results provided for in Sections 3 and 4 of this Agreement.

  • Option to Terminate The Client and Contractor shall: (check one) ☐ - Have the option to terminate this Agreement at any time by providing days’ written notice. ☐ - Not have the option to terminate this Agreement unless there is reasonable cause, as defined in Section VII.

  • 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.

  • Company’s Right to Terminate Notwithstanding the provisions of Section 3.1, Company shall have the right to terminate Executive’s employment under this Agreement at any time for any of the following reasons:

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