Landlord Termination Rights. If the Premises or the portion of the Building or the Project necessary for Tenant’s occupancy is damaged by fire, earthquake, terrorism, act of war, act of God, the elements or other casualty, then Landlord may terminate this Lease upon notice given to Tenant within sixty (60) days after the date of such casualty, effective as of the date of the casualty if (a) in Landlord’s opinion, repairs necessary for Tenant’s occupancy cannot be completed within ninety (90) days; (b) any other portion of the Building or the Project is damaged to the extent that, in Landlord’s opinion, repair thereof cannot be completed within ninety (90) days; (c) the Premises or the portion of the Building or the Project necessary for Tenant’s occupancy is damaged during the final twelve (12) months of the Term, unless Tenant shall exercise its next available renewal option (if any) within ten (10) days following receipt of Landlord’s termination notice, or unless both parties agree on an extension of this Lease within such ten (10) day period; (d) the insurance proceeds available to Landlord are not sufficient to complete repair or restoration; (e) Landlord’s lender does not elect to make insurance proceeds available to Landlord for repair and restoration; or (f) Tenant has vacated the Premises or is in Default under this Lease.
Landlord Termination Rights. (a) Landlord shall have the right, by Notice to Tenant, to terminate this Lease in the event Tenant fails to achieve any of the following requirements, which Notice shall be given by Landlord, if at all, not later than ninety (90) business days following the date on which the applicable requirement was to have been satisfied:
Landlord Termination Rights. Notwithstanding the foregoing to the contrary, Landlord shall have the right to terminate this Lease (i) at any time on or before March 31, 2023, if Tenant does not have, by August 1, 2022, a fully executed letter of intent for a new lease for new space to relocate Tenant's business from the Premises to such new space prior to the Lease Expiration Date, or (ii) at any time on or before June 30, 2023, if Tenant does not have, by October 1, 2022, a fully executed lease for new space to relocate Tenant's business from the Premises to such new space prior to the Lease Expiration Date by providing not less than five (5) 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 five (5) business days after the delivery of the Landlord Termination Notice). Each of the foregoing termination rights are separate and independent from the other, and Landlord's failure to exercise its right under item (i) above shall not waive Landlord right to exercise its right under item (ii) above. Tenant acknowledges and agrees that the foregoing termination rights are necessary to ensure Tenant's timely surrender of possession of the Premises on or before the Lease Expiration Date, which timely surrender is of the upmost importance to Landlord, and Tenant agrees to the foregoing termination rights by Landlord based on the terms and conditions contained in this Section 5.3.1. If neither Tenant nor Landlord has delivered the Tenant Termination Notice or the Landlord Termination Notice, respectively, then this Lease shall terminate, and the "Lease Expiration Date" shall be, December 31, 2023, unless sooner terminated pursuant to the terms of this Lease.
Landlord Termination Rights. If the Premises are damaged by fire, earthquake, terrorism, act of war, act of God, the elements or other casualty, then Landlord may terminate this Lease upon notice given to Tenant within thirty (30) days after the date of such casualty, effective as of the date of the casualty if a) in Landlord’s opinion, repairs necessary for Tenant’s occupancy cannot be completed within one hundred twenty (120) days after the date of the casualty; b) the Premises are damaged during the final twelve (12) months of the Term, unless both parties agree on an extension of this Lease within ten (10) days following Tenant’s receipt of Landlord’s termination notice; c) the insurance proceeds available to Landlord are not sufficient to complete repair or restoration; d) Landlord’s lender does not elect to make insurance proceeds available to Landlord for repair and restoration; or e) Tenant has vacated the Premises or is in Default under this Lease.
Landlord Termination Rights. If the Premises, the Building or the Project is physically damaged or destroyed by an event of casualty, this Lease will continue in full force and effect and Landlord will repair the damage unless (a) in Landlord’s contractor’s opinion, such damage cannot be repaired within ninety (90) days of the date of the casualty; (b) such damage occurs during the final twelve (12) months of the Term; (c) the insurance proceeds available to Landlord are not sufficient to complete repair or restoration; or (d) Landlord’s lender does not elect to make insurance proceeds available to Landlord for repair and restoration, in which case Landlord will have the right to terminate this Lease by delivering written notice thereof to Tenant within sixty (60) days after the casualty.
Landlord Termination Rights. (a) If by reason of a Casualty (i) the Building shall be totally damaged or destroyed or (ii) the Building shall be so damaged or destroyed (whether or not the Premises are damaged or destroyed) that Landlord shall elect to demolish the Building, then Landlord may terminate this Lease by giving Tenant notice thereof on or prior to the 60th day after such fire or other casualty; provided, that if the Premises are not substantially damaged or rendered substantially Untenantable by such fire or other casualty, then Landlord may not so terminate this Lease unless Landlord elects to terminate leases (including this Lease) affecting substantially all of the rentable area of the Building.
Landlord Termination Rights to the best of the Vendors’ knowledge, there are no circumstances which would now entitle the relevant landlord to terminate that Lease.
Landlord Termination Rights. Notwithstanding Sections 3 and 4 above, if and to the extent that Tenant’s remaining obligations under the Lease and this Amendment have not already been terminated pursuant to the terms of the Lease and this Amendment, at any time before the fifth (5th) anniversary of the Effective Date but subject to the following conditions, Landlord will have the right to terminate Tenant’s remaining obligations under the Lease and this Amendment with respect to all or any portion of the Remaining Rentable Area by delivering written notice to Tenant from time to time (an “Exercise Notice”). Landlord’s Exercise Notice will specify the amount of the Remaining Rentable Area as to which Landlord is exercising such termination right and the effective date of such termination (the “Exercise Date”).
Landlord Termination Rights. Notwithstanding anything to the contrary, Landlord may terminate this Lease with no further liability to Tenant if (i) fifty percent (50%) or more of the gross leasable area of the Project is taken or (ii) if following any material taking, the Holder elects to require Landlord to apply all or a material portion of such award to the outstanding indebtedness.
Landlord Termination Rights. In the event Tenant has defaulted on its Lease obligations, but subject to any notice and curative rights in favor of Tenant and any Recognized Mortgagee as provided hereunder, Landlord shall be entitled to terminate this Lease pursuant to its termination rights hereunder.
