Landlord's Option to Recapture Premises. Landlord elects to recapture such portion of the Premises as Tenant proposes to sublease or assign as provided in paragraph (b) above, then this Lease shall terminate as to the portion of the Premises recaptured and for the period of time specified in Tenant's notice. In the event a portion only of the Premises is recaptured, the Rental payable under this Lease, the Security Deposit, and Tenant's Share shall be proportionately reduced based on the rentable square footage retained by Tenant and the rentable square footage leased by Tenant hereunder immediately prior to such recapture and termination, and Landlord and Tenant shall thereupon execute an amendment of this Lease in accordance therewith. If Landlord recaptures only a portion of the Premises, it shall construct and erect at its sole cost such partitions as may be required to sever the space retained by Tenant from the space recaptured by Landlord; provided, however, that said partitions need only be finished in Building Standard condition, Landlord may, without limitation, lease the recaptured portion of the Premises. If Landlord does not elect to recapture pursuant to this paragraph, Tenant may thereafter enter into a valid assignment or sublease with respect to the Premises, provided Landlord pursuant to this Article, consents thereto, and provided further that (i) such assignment or sublease executed within ninety (90) days after notification to Landlord of such proposal pursuant to Section 28(b) above, and (ii) the rental there is not less than that stated in such notification. Any termination as provided in this Article 28(c) should be subject to the written consent of any Mortgagee of Landlord. The effective date of any such termination shall be as specified in Landlord's notice of termination.
Landlord's Option to Recapture Premises. Tenant shall, together with any request for Landlord’s consent to assign this Lease or to sublet the Premises, or any part thereof, offer to Landlord the right to recapture all or any part of the Premises which Tenant desires to assign or sublet. Landlord shall have fifteen (15) thirty (30) days following receipt of Tenant’s notice to make an election to recapture under this Section 8.2. Landlord may require Tenant to assign or sublease to Landlord all or any portion of the Premises Tenant desires to assign or sublease. In the event Landlord shall elect to recapture all or any portion of the Premises, Base Rent shall be reduced by a fraction the numerator of which is the Net Rentable area of that portion of the Premises being recaptured by Landlord and the denominator of which is the total Net Rentable area of the Premises.
Landlord's Option to Recapture Premises. If Tenant proposes to make a Transfer requiring Landlord’s consent, Landlord may, at its option, upon notice to Tenant given within 30 days after its receipt of Tenant’s notice of the proposed Transfer (together with all other information required under Section 13.3), elect to recapture the Premises (or the portion of the Premises subject to the Transfer) and terminate the Lease (or terminate the Lease as to the portion of the Premises recaptured only). If a portion of the Premises is recaptured, the Rent payable under this Lease shall be proportionately reduced based on the Rentable Square Feet retained by Tenant and the Rentable Square Feet leased by Tenant immediately prior to such recapture and termination, and Landlord and Tenant shall execute an amendment to this Lease in order to reflect such recapture and termination. Upon any such termination, Landlord and Tenant shall have no further obligations or liabilities to each other under this Lease with respect to the recaptured portion of the Premises, except with respect to obligations or liabilities which accrue or have accrued hereunder as of the date of such termination (in the same manner as if the date of such termination were the date originally fixed for the expiration of the Term).
