Landlord Termination Right. Landlord shall have a right to terminate the Lease upon three (3) years prior written notice to the Tenant and payment of Tenant's unamortized initial construction costs of the Tenant Work as of the actual lease termination date.
Landlord Termination Right. If, at any time during the Term (and any extensions thereof), Landlord determines, in its sole but good faith discretion, that exclusive use of the Storage Space by Landlord is necessary in connection with the operation, maintenance or repair of the Building elevator systems, Landlord shall have the right, in its sole and absolute discretion, to terminate the Lease with respect to the Storage Space by giving Tenant at least sixty (60) days prior written notice of the termination date. If the Lease is terminated with respect to the Storage Space pursuant to this Paragraph, then the Storage Space Rent shall be apportioned and paid to the date of termination. If terminated, Landlord shall use commercially reasonable efforts to identify alternative storage space in the Building to lease to Tenant.
Landlord Termination Right. Notwithstanding anything contained in the Existing Lease to the contrary and without limiting any of Landlord’s rights under Section 6.3(e) of the Lease as amended hereby, Landlord shall have the right to terminate the Lease upon thirty (30) days' prior written notice to Tenant (the “Early Termination Notice”) specifying the effective date for such termination (the “Early Termination Date”), provided, however, that (a) the Early Termination Date shall not be earlier than January 30, 2018 (as the same may be extended by Tenant as provided in the following clause (b), the “Inside Early Termination Date”) and (b) Tenant shall have the right, exercisable by notice delivered to Landlord on or before October 31, 2017, to extend the Inside Early Termination Date to February 28, 2018. In the event that Tenant timely delivers such notice and Landlord has previously delivered an Early Termination Notice specifying an effective date of termination which is prior to February 28, 2018, then the effective date of termination hereunder shall be extended to February 28, 2018. In the event Landlord exercises the termination right set forth in this Section 4, then, notwithstanding anything contained in the Existing Lease to the contrary, the Lease shall terminate and expire on the Early Termination Date set forth in the Early Termination Notice as if such date were the Expiration Date for all purposes under the Lease, without penalty or fee to Tenant. Notwithstanding anything contained in this Section 4 to the contrary, in the event Landlord exercises its termination right hereunder, Landlord shall be bound by the terms of any sublease of a portion of the Premises hereafter consented to in writing by Landlord, subject to and in accordance with its terms.
Landlord Termination Right. Notwithstanding anything contained in Section 12 to the contrary, in the event Tenant (i) fails to use the Leased Premises for the Permitted Use at any time during the Term of the Lease; or (ii) fails to complete the Improvements in accordance with Exhibit “C” on or before December 31, 2011, Landlord may, upon sixty (60) days written notice to Tenant, terminate this Lease and re-enter the Leased Premises whereupon this Lease shall be null and void and of no further force and effect. In addition, upon such termination, title to the Improvements shall automatically transfer to the Landlord and, upon request, Tenant shall promptly provide a deed, assignment or other conveyance document to Landlord reflecting such transfer. Landlord shall thereafter be permitted to operate the Improvements on account of Tenant. Alternatively, Landlord may correct such violations caused by Tenant and/or complete construction of the Improvements on behalf of and at the expense of Tenant and Tenant shall reimburse Landlord its actual out of pocket expenses for such work plus interest at the Delinquency Rate within ten (10) days after receipt of an invoice from the Landlord. Tenant’s obligations pursuant to this Section 2.5 shall survive expiration or sooner termination of this Lease.
Landlord Termination Right. If Tenant has not started construction of the Initial Improvements within two (2) years following Lease Commencement Date, then Landlord shall have the right to terminate this Agreement by delivery of sixty (60) days prior written notice to Tenant, and this Agreement shall automatically terminate six (6) month thereafter (the “Termination Date”) unless Tenant fulfills all conditions needed to obtain the Notice to Proceed with the Initial Improvements and actually begins construction of the Initial Improvements before the Termination Date (subject to any extension that may be agreed to by Landlord in its sole discretion). On the Lease Commencement Date, the Interim Sublease shall automatically terminate without further action by either party. Nothing in this Lease impacts Landlord’s rights under the Interim Lease before the Lease Commencement Date, including the right to terminate for default in accordance with its terms.
Landlord Termination Right. If Tenant has not started construction of the Initial Improvements by December 31, 2020, then Landlord shall have the right to terminate this Lease by delivery of sixty (60) days’ prior written notice to Tenant, and this Agreement shall automatically terminate on the expiration of such 60 day period (the “Termination Date”) unless Tenant fulfills all conditions needed to obtain the Notice to Proceed with the Initial Improvements and actually begins construction of the Initial Improvements before the Termination Date. On the Termination Date, Landlord shall also have the right to terminate the Interim Sublease.
Landlord Termination Right. If the Premises or Building are damaged by fire or other casualty (a “Casualty”) and the time needed to repair the damage caused thereby is more than ninety (90) days in Landlord’s reasonable estimation, Landlord shall have the right to terminate this Lease upon notice to Tenant given within ninety (90) days after such Casualty. If a Casualty damages a material portion of the Building or Premises (as reasonably determined by Landlord), and Landlord makes a good faith determination that restoring the Premises or Building would be uneconomical, impractical or unfeasible, or if Landlord is required to pay any insurance proceeds arising out of the Casualty to Landlord's mortgagee or if the Casualty results from a risk which is not fully covered by insurance maintained by Landlord, then Landlord may terminate this Lease by giving written notice of its election to terminate within thirty ninety (90) days after the Damage Notice has been delivered to Tenant. To the extent Tenant is prevented from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Casualty, rent shall be equitably abated as of the date of the Casualty through the date of termination as set forth in Landlord’s notice.
Landlord Termination Right. Notwithstanding anything to the contrary contained in the Lease, as hereby amended, Landlord shall have the right to terminate this Lease at any time during the Extended Term by providing not less than one hundred and twenty (120) days’ prior written notice of termination (the “Landlord Termination Notice”) to Tenant, in which event, this Lease shall terminate, and the “Lease Expiration Date” shall be the date which is specified as the Lease Expiration Date in the Landlord Termination Notice (which such date shall be no less than one hundred and twenty (120) days after the delivery of the Landlord Termination Notice (the period comprised of the actual number of days commencing on the date Tenant receives the Landlord Termination Notice and ending on the Lease Expiration Date being referred to herein as the “Landlord Termination Notice Period”)).
Landlord Termination Right. Notwithstanding any other terms or conditions of this Lease, the continued effectiveness of this Lease is contingent upon Landlord’s successful acquisition of all necessary entitlements, permits and approvals (and the expiration of all applicable appeal periods) from the City and any other governmental authorities with jurisdiction to construct the Building on terms acceptable to Landlord in its sole discretion. Landlord shall diligently prosecute the design, approval and construction of the Base Building Work and use commercially reasonable efforts to achieve Substantial Completion of the Base Building Work as quickly as reasonably practicable, subject to Landlord’s Unavoidable Delays (as defined in Exhibit D). Landlord shall have the right to terminate this Lease upon written notice to Tenant if, despite Landlord’s commercially reasonable efforts, Landlord determines by March 1, 2016 that the City will cause the design of the Building to be materially altered from the Preliminary Plan (as defined in Exhibit D), or if Landlord determines that the Project will be cost-prohibitive.
Landlord Termination Right. The following new Paragraph 44 is added to the Lease:
