Common use of Landlord's Demolition Rights Clause in Contracts

Landlord's Demolition Rights. Despite any other provisions of this Lease, if the Landlord intends to demolish or renovate substantially the Building or a substantial portion of the Building, the Landlord may terminate this Lease on not less than 180 days’ notice to the Tenant. The Tenant shall on the date set out in the notice from the Landlord vacate the Premises in accordance with the terms of this Lease. Also on such date, the Term shall cease and be at an end and the Rent and all other payments for which the Tenant is liable under the terms of this Lease shall be apportioned and paid in full to the date of termination.

Appears in 2 contracts

Samples: Lease Agreement (Nevada Geothermal Power Inc), Lease Agreement (Argentex Mining Corp)

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Landlord's Demolition Rights. Despite any other provisions of this Lease, if the Landlord intends to demolish or renovate substantially the [●] Building or a substantial portion of the Buildingthereof, the Landlord may terminate this Lease on not less than 180 one hundred eighty (180) days’ notice to the Tenant. The Tenant shall on the date set out in the notice from the Landlord vacate the Premises in accordance with the terms of this Lease. Also on such date, the Term shall cease and be at an end and the Rent and all other payments for which the Tenant is liable under the terms of this Lease shall be apportioned and paid in full to the date of termination.

Appears in 1 contract

Samples: Lease Agreement

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Landlord's Demolition Rights. Despite any other provisions of this Lease, if the Landlord intends to demolish or renovate substantially the [●] Building or a substantial portion of the Buildingthereof, the Landlord may terminate this Lease on not less than 180 one hundred eighty (180) days’ notice to the Tenant. The Tenant shall on the date set out in the notice from the Landlord vacate the Premises in accordance with the terms of this Lease. Also on such date, the Term shall cease and be at an end and the Rent and all other payments for which the Tenant is liable under the terms of this Lease shall be apportioned and paid in full to the date of termination.

Appears in 1 contract

Samples: Lease Agreement

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