Common use of Landlord's Alternatives Clause in Contracts

Landlord's Alternatives. At any time within thirty (30) days after the Landlord’s receipt of the information specified in Paragraph 21.C., Landlord shall, by written notice to Tenant, elect: (i) to consent to the Sublet by Tenant, which consent shall not be unreasonably withheld, unless Landlord has the right to elect to recapture the Premises (or portion thereof) under clause (iii) below and Landlord timely makes such election; (ii) to refuse its consent to the Sublet, but only on reasonable grounds as more particularly described in Section 21.B above, or (iii) in the event that the proposed Sublet is for more than 75% of the subject Premises for substantially the remainder of the Term, terminate this Lease in its entirety or only as to the portion of the Premises proposed to be Sublet. If Landlord consents to the Sublet, Tenant may thereafter enter into a valid Sublet of the Premises or portion thereof, upon the terms and conditions and with the proposed SubTenant set forth in the information furnished by Tenant to Landlord pursuant to Paragraph 21.B, subject, however, at Landlord’s election, to the condition that fifty percent (50%) of any excess of the Subrent over the Rent required to be paid by Tenant under this Lease shall be paid to Landlord, after Tenant deducts its direct expenses of reasonable real estate commissions, attorneys’ fees and tenant improvement costs in connection with the Sublet.

Landlord's Alternatives. At any time within Within thirty (30) days after the Landlord’s receipt of the information specified in Paragraph 21.C.24.B., Landlord shall, by written notice to Tenant, elect: (i) if the proposed Sublet is a sublease, then to terminate this Lease as of the commencement date stated in the proposed sublease with respect to all or any portion of the Premises Tenant proposes to sublease, or if the proposed Sublet is an assignment of Tenant’s interest in the Lease, then to terminate this Lease as of the commencement date stated in the proposed assignment; (ii) to consent to the Sublet by Tenant, which consent shall not be unreasonably withheld, unless Landlord has the right to elect to recapture the Premises (; or portion thereof) under clause (iii) below and Landlord timely makes such election; (ii) to refuse its consent to the Sublet, but only on reasonable grounds as more particularly described in Section 21.B above, or (iii) in the event that the proposed Sublet is for more than 75% of the subject Premises for substantially the remainder of the Term, terminate this Lease in its entirety or only as to the portion of the Premises proposed to be Sublet. If Landlord proceeds under Paragraph 24.C.(ii) and consents to the Sublet, Tenant may thereafter enter into a valid Sublet of the Premises or portion thereof, upon the terms and conditions and with the proposed SubTenant Subtenant set forth in the information furnished by Tenant to Landlord pursuant to Paragraph 21.B24.B., subject, however, at Landlord’s election, to the condition that fifty percent (50%) of any excess of the Subrent over the Rent required to be paid by Tenant under this Lease Lease, less reasonable attorneys’ fees and leasing commissions paid by Tenant on the Sublease, shall be paid to Landlord, after Tenant deducts its direct expenses of reasonable real estate commissions, attorneys’ fees and tenant improvement costs in connection with the Sublet.

Landlord's Alternatives. At any time within thirty (30) days after the Landlord’s receipt of all the information specified in Paragraph 21.C.27.B., Landlord shallmay, by written notice to Tenant, elect: (i) to lease for its own account the Premises or the portion thereof so proposed to be Sublet by Tenant, upon the same terms as those offered to the proposed Subtenant but on a form acceptable to Landlord; (ii) to terminate this Lease as it relates to the Premises or the portion thereof so proposed to be Sublet by Tenant as of the later of (x) the proposed effective date of such Sublet or (y) thirty (30) days after the date Landlord is in receipt of the information specified in Paragraph 27.B.; (iii) to consent to the Sublet by Tenant, which consent shall not be unreasonably withheld, unless Landlord has the right to elect to recapture the Premises ; or (or portion thereof) under clause (iii) below and Landlord timely makes such election; (iiiv) to refuse its consent to the Sublet, but only on reasonable grounds as more particularly described in Section 21.B above, or (iii) in the event that the proposed Sublet is for more than 75% of the subject Premises for substantially the remainder of the Term, terminate this Lease in its entirety or only as to the portion of the Premises proposed to be Sublet. If Landlord consents to the Sublet, Tenant may thereafter enter into a valid Sublet of the Premises or portion thereof, upon the terms and conditions and with the proposed SubTenant Subtenant set forth in the information furnished by Tenant to Landlord pursuant to Paragraph 21.B27.B., subject, however, at Landlord’s election, to the condition that fifty percent (50%) of any excess of the Subrent over the Rent required to be paid by Tenant under this Lease hereunder shall be paid to Landlord, after split evenly between Landlord and Tenant deducts its direct expenses of reasonable real estate commissions, attorneys’ fees as and tenant improvement costs in connection with the Subletwhen received by Tenant.

Landlord's Alternatives. At any time within thirty (30) days after the Landlord’s Landlord receipt of the information specified in Paragraph 21.C.Xxxxxxxxx 00.0, Landlord shallXxxxxxxx may, by written notice to Tenant, elect: ; (i) to lease for its own account the Premises or the portion thereof so proposed to be Sublet by Tenant, upon the same terms as those offered to the proposed Subtenant but on a form acceptable to Landlord; (ii) to lease for its own account the Premises or the portion thereof so proposed to be Sublet by Tenant to any person upon any terms desired by Landlord; (iii) to consent to the Sublet by Tenant, which consent shall not be unreasonably withheld, unless Landlord has the right to elect to recapture the Premises ; or (or portion thereof) under clause (iii) below and Landlord timely makes such election; (iiiv) to refuse its consent to the Sublet, but only on reasonable grounds as more particularly described in Section 21.B above, or (iii) in the event that the proposed Sublet is for more than 75% of the subject Premises for substantially the remainder of the Term, terminate this Lease in its entirety or only as to the portion of the Premises proposed to be Sublet. If Landlord consents to the Sublet, Tenant may thereafter enter into a valid Sublet of the Premises or portion thereof, upon the terms and conditions and with the proposed SubTenant Subtenant set forth in the information furnished by Tenant to Landlord pursuant to Paragraph 21.B24.3, subject, however, at Landlord’s 's election, to the condition that fifty percent (50%) of any excess of the Subrent over the Rent required to be paid by Tenant under this Lease Lease, less reasonable attorneys' fees and leasing commissions paid by Tenant on the Sublet, shall be paid to Landlord, after Tenant deducts its direct expenses of reasonable real estate commissions, attorneys’ fees and tenant improvement costs in connection with the Sublet.

Landlord's Alternatives. At any time within Within thirty (30) days after the Landlord’s 's ----------------------- receipt of the information specified in Paragraph 21.C.24.B., Landlord shall, by written notice to Tenant, elect: (i) to lease for its own account the Premises or the portion thereof so proposed to be Sublet by Tenant, upon the same terms as those offered to the proposed Subtenant but on a form acceptable to Landlord; (ii) to lease for its own account the Premises or the portion thereof so proposed to be Sublet by Tenant to any person upon any terms desired by Landlord; (iii) to consent to the Sublet by Tenant, which consent shall not be unreasonably withheld, unless Landlord has the right to elect to recapture the Premises ; or (or portion thereof) under clause (iii) below and Landlord timely makes such election; (iiiv) to refuse its consent to the Sublet, but only on reasonable grounds as more particularly described in Section 21.B above, or (iii) in the event that the proposed Sublet is for more than 75% of the subject Premises for substantially the remainder of the Term, terminate this Lease in its entirety or only as to the portion of the Premises proposed to be Sublet. If Landlord proceeds under Paragraph 24.C.(iii) and consents to the Sublet, Tenant may thereafter enter into a valid Sublet of the Premises or portion thereof, upon the terms and conditions and with the proposed SubTenant Subtenant set forth in the information furnished by Tenant to Landlord pursuant to Paragraph 21.B24.B., subject, however, at Landlord’s 's election, to the condition that fifty percent (50%) of any excess of the Subrent over the Rent required to be paid by Tenant under this Lease less reasonable attorneys' fees and leasing commissions paid by Tenant on the Sublease, shall be paid to Landlord, after Tenant deducts its direct expenses of reasonable real estate commissions, attorneys’ fees and tenant improvement costs in connection with the Sublet.