Common use of Landlord’s Estimates Clause in Contracts

Landlord’s Estimates. Landlord will assess the damage to the Project (but not the Leasehold Improvements) and notify Tenant of Landlord's reasonable estimate of the time required to substantially complete repairs and restoration of the Project ("Repair Estimate"). Landlord will also estimate the time that the Premises will be untenantable ("Interruption Estimate"). Within 30 days after the later of the casualty, issuance of the Repair Estimate, issuance of the Interruption Estimate, or receipt of any denial of coverage or reservation of rights from Landlord's insurer, each party may terminate the Lease by written notice to the other on the following conditions: (1) Landlord may elect to terminate this Lease if either: (A) The damage occurs during the last year of the Term and, or (B) The Repair Estimate exceeds 180 days, or (C) The repair and restoration is not fully covered by insurance maintained or required to be maintained by Landlord (subject only to those deductibles or retentions Landlord elected to maintain) or Landlord's insurer denies coverage or reserves its rights on coverage or any mortgagee of the Building requires that insurance proceeds be applied to the indebtedness secured by its mortgage. (2) Tenant may elect to terminate this Lease if the Interruption Estimate exceeds 180 days.

Landlord’s Estimates. As soon as reasonably practicable under the circumstances including the scope of the casualty, Landlord will assess the any damage to the Project Premises and Building (but not the Leasehold Improvements) and notify Tenant of Landlord's ’s reasonable estimate of the time required to substantially complete repairs and restoration of the Project Premises and Building ("but not the Leasehold Improvements) (“Repair Estimate"). Landlord will also estimate the time that the Premises will be untenantable ("Interruption Estimate"”). Within 30 thirty (30) days after the later of the casualty, issuance of the Repair Estimate, issuance of the Interruption Estimate, Estimate or receipt of any denial of coverage or reservation of rights from Landlord's ’s insurer, each party may terminate the Lease by written notice to the other on the following conditions: (1) Landlord may elect to terminate this Lease if either: (A) The damage occurs during the last year of the Term andTerm, or (B) The Repair Estimate exceeds 180 two hundred ten (210) days, or (C) The repair and restoration is not fully covered by insurance maintained or required to be maintained by Landlord (subject only to those deductibles or retentions Landlord elected to maintain) or Landlord's ’s insurer denies coverage or reserves its rights on coverage or any mortgagee of the Building requires that insurance proceeds be applied to the indebtedness secured by its mortgage. (2) Tenant may elect to terminate this Lease if the Interruption Repair Estimate exceeds 180 daystwo hundred ten (210) days or the damage occurs during the last year of the Term.

Landlord’s Estimates. Landlord will assess the damage to the Project (but not the Leasehold Improvements) and notify Tenant of Landlord's ’s reasonable estimate of the time required to substantially complete repairs and restoration of the Project ("“Repair Estimate"”). Landlord will also estimate the time that the Premises will be untenantable ("“Interruption Estimate"”). Within 30 days after the later of the casualty, issuance of the Repair Estimate, issuance of the Interruption Estimate, or receipt of any denial of coverage or reservation of rights from Landlord's ’s insurer, each party may terminate the Lease by written notice to the other on the following conditions: (1) Landlord may elect to terminate terminate, this Lease if either: (A) The damage occurs during the last year of the Term and, orand the Repair Estimate exceeds 20% of Rent for the remaining Term. (B) The Repair Estimate exceeds 180 days, or (C) The repair and restoration is not fully covered by insurance maintained or required to be maintained by Landlord (subject only to those deductibles or retentions Landlord elected to maintain) or Landlord's ’s insurer denies coverage or reserves its rights on coverage or any mortgagee of the Building requires that insurance proceeds be applied to the indebtedness secured by its mortgagecoverage. (2) Tenant may elect to terminate this Lease if the Interruption Estimate exceeds 180 days.

Landlord’s Estimates. Landlord will assess the damage to the Project (but not the Leasehold Improvements) and notify Tenant of Landlord's reasonable estimate of the time required to substantially complete repairs and restoration of the Project ("Repair Estimate"). Landlord will also estimate the time that the Premises will be untenantable ("Interruption Estimate"). Within 30 days after the later of the casualty, issuance of the Repair Estimate, issuance of the Interruption Estimate, or receipt of any denial of coverage or reservation of rights from Landlord's insurer, each party may terminate the Lease by written notice to the other on the following conditions: (1) Landlord may elect to terminate this Lease if either: (A) The damage occurs during the last year of the Term and, or (B) The Repair Estimate exceeds 180 days, or (C) The repair and restoration is not fully covered by insurance maintained or required to be maintained by Landlord (subject only to those deductibles or retentions Landlord elected to maintain) or Landlord's insurer denies coverage or reserves its rights on coverage or any Landlord's mortgagee of the Building requires that insurance proceeds be applied to the indebtedness secured by its mortgage. (2) Tenant may elect to terminate this Lease if the Interruption Estimate exceeds 180 days.