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, computed in accordance with GAAP.
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. Landlord and Tenant have agreed that the Landlord shall have a right to terminate the Lease by giving written notice to Tenant twelve months (12) months prior to such desired termination (the "LANDLORD TERMINATION RIGHT"). Landlord may elect to exercise such Landlord Termination Right by giving such written notice anytime after December 15, 2002 and no sooner.
Landlord Termination Right. Notwithstanding anything contrary set forth in the Lease, Landlord shall have the right (the “Landlord Termination Right”), in its sole and absolute discretion, to terminate the Lease (the “Landlord Termination Notice”) upon written notice to Tenant to be delivered not earlier than January 1, 2018 and not later than June 30, 2018, and which Landlord Termination Notice shall set forth the termination date of the Lease (the “Landlord Early Termination Date”), which Landlord Early Termination Date shall not be sooner than the date which is twelve (12) months following the date upon which Landlord delivers the Landlord Termination Notice. At any time prior to June 30, 2018 Landlord may agree to waive the Landlord Termination Right set forth in this Section 2.3 upon written notice to Tenant. To the extent Landlord exercises its right to terminate the Lease pursuant to the terms of this Section 2.3, then the Lease shall terminate effective as of the Landlord Early Termination Date with the same force and effect as if the Lease were scheduled to expire in accordance with its terms as of such Landlord Early Termination Date, subject to the provisions of the Lease which expressly survive the expiration or earlier termination of the Lease.
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. Any right of Landlord to cancel the Development Lease pursuant to the provisions of Section 38-511 of the Arizona Revised Statutes has expired.
Landlord Termination Right. A new Section 4.03 is added to the Lease as follows:
Landlord Termination Right. Notwithstanding anything to the contrary herein, this Amendment is subject to and conditioned upon the consummation of the sale of the Building by Landlord to Harvest Properties, Inc., a California corporation (“Harvest”), or its assignee, pursuant to that certain Purchase and Sale Agreement and Joint Escrow Instructions, dated February 18, 2014, by and among Landlord, 1450 Mariners Island LLC, a Delaware limited liability company and Harvest (the “Purchase Agreement”). Tenant agrees that if the transactions contemplated by the Purchase Agreement fail to close for any reason on or before April 15, 2014, Landlord shall have the right to terminate this Amendment at any time prior to the expiration of the Additional Premises Term by delivering written notice to Tenant (the “Termination Notice”) in accordance with Article 30 of the Lease. Tenant agrees to vacate the Additional Premises no later than fifteen (15) days after the receipt of the Termination Notice. If Tenant fails to vacate the Additional Premises as provided in this Paragraph 7, then the hold-over provisions of Paragraph 5 above shall apply.
Landlord Termination Right. If the Business Management Shared Services Agreement between Reit Management & Research LLC and Tenant shall terminate or shall expire and not be renewed or otherwise shall cease to remain in full force and effect throughout the term of this Lease, or if there shall occur a Change in Control, as hereinafter defined, Landlord may elect to terminate the term of this Lease as of a date (the “Termination Date”) set forth in a notice to Tenant which date shall be not less than one hundred eighty (180) days after such notice. If Landlord shall exercise such right, it shall, on or before the Termination Date, pay to Tenant all unamortized costs, as of the Termination Date, of leasehold improvements made by Tenant to the Premises at its expense, discounted at 8% per annum.
Landlord Termination Right. During the continuance of the Landlord Termination Right Period (as defined in the Brookdale Guaranty), subject to the terms, conditions and restrictions of Section 16 of the Brookdale Guaranty, Landlord will have the right to terminate this Lease with respect to any or all of the Facilities, in which case the provisions of Section 7.4.12 shall pertain. Upon such termination, Minimum Rent shall be reduced by the then applicable Proportionate Share of such Minimum Rent applicable to the terminated Facilities.
