Common use of Landlord's Option to Terminate Lease Clause in Contracts

Landlord's Option to Terminate Lease. If the Premises are (a) rendered wholly untenantable, or (b) damaged as a result of any cause which is not covered by Landlord's insurance or (c) damaged or destroyed in whole or in part during the last three (3) years of the Term, or if Landlord's Building is damaged to the extent of fifty percent (50%) or more of Landlord's Floor Area, then, in any of such events, Landlord may elect to terminate this Lease by giving to Tenant notice of such election within ninety (90) days after the occurrence of such event. If such notice is given, the rights and obligations of the parties shall cease as of the date of such notice, and Rental (other than any Additional Rental due Landlord by reason of Tenant's failure to perform any of its obligations hereunder) shall be adjusted as of the date of such termination.

Landlord's Option to Terminate Lease. If the Premises premises are (ai) rendered wholly untenantable, or (bii) damaged as a result of any cause which is not covered by Landlord's insurance insurance, or (ciii) damaged or destroyed in on whole or in part during the last three (3) years of the Termterm, or if Landlord's Building the building complex or the entire retail center is damaged to the extent of fifty thirty percent (5030%) or more of Landlord's Floor Areathe respective floor areas thereof, then, in any of such events, Landlord may elect to terminate this Lease lease by giving to Tenant notice of such election within ninety (90) days after the occurrence of such event. If such notice is given, the rights and obligations of the parties shall cease as of the date of such notice, and Rental rental (other than any Additional Rental additional rental due Landlord by reason of Tenant's failure to perform any of its obligations hereunder) shall be adjusted as of the date of such termination.

Landlord's Option to Terminate Lease. If the Premises are (ai) rendered wholly untenantable, or (bii) damaged as a result of any cause which is not covered by Landlord's insurance or (ciii) damaged or destroyed in whole or in part during the last three two (32) years of the Term, or (iv) if Landlord's Building the Property is damaged to the extent of fifty percent (50%) or more of Landlord's Floor Areathe floor area thereof, then, then in any of such events, Landlord may elect to terminate this Lease by giving to Tenant notice of such election within ninety (90) days after the occurrence of such event. If such notice is given, the rights and obligations of the parties shall cease as of the date of such notice, and Rental rent (other than any Additional Rental Rent due Landlord by reason of Tenant's failure to perform any of its obligations hereunder) shall be adjusted as of the date of such termination.

Landlord's Option to Terminate Lease. If (i) the Leased Premises are (a) rendered wholly untenantable, or (bii) damaged as a result of any cause which is not covered by Landlord's insurance or (c) damaged or destroyed in whole or in part during the last three (3) years of the Term, or if Landlord's Office Building is damaged to the extent of fifty percent (50%) or more of its gross leasable area, or (iii) for reasons beyond Landlord's Floor Area’s control, or by virtue of the terms of any financing of the Office Building, sufficient insurance proceeds are not available for any reconstruction or restoration of the Office Building or Leased Premises, then, in any of such events, event. Landlord may elect to terminate this Lease by giving to the Tenant notice of such election within ninety (90) days after the occurrence of such event. If such notice is given, the rights and obligations of the parties shall cease as of the date of such notice, and Rental the Basic Rent and Additional Rent (other than any Additional Rental Rent due Landlord by reason of Tenant's ’s failure to perform any of its obligations hereunderunder this Lease) shall be adjusted as of the date of such termination.

Landlord's Option to Terminate Lease. If the Premises are (a) rendered wholly untenantable, or (b) damaged as a result of any cause which is not covered by Landlord's insurance or (c) damaged or destroyed in whole or in part during the last three (3) two years of the Term, or if Landlord's Building is damaged to the extent of fifty percent (50%) or more of Landlord's Floor Area, then, in any of such events, Landlord may elect to terminate this Lease by giving to Tenant notice of such election within ninety (90) days after the occurrence of such event. If such notice is given, the rights and obligations of the parties shall cease as of the date of such noticecasualty event, and Rental (other than any Additional Rental due Landlord by reason of Tenant's failure to perform any of its obligations hereunder) shall be adjusted as of the date of such terminationcasualty event.

Landlord's Option to Terminate Lease. If the Premises are (ai) rendered wholly untenantable, untenantable or (bii) damaged as a result of any cause which is not covered by Tenant's or Landlord's insurance or (ciii) damaged or destroyed in whole or in part during the last three (3) years of the Term, or (iv) if Landlord's the Building is damaged to the extent of fifty percent (50%) or more of Landlord's Floor Areathe floor area thereof, then, then in any of such events, Landlord may elect to terminate this Lease by giving to Tenant notice of such election within ninety (90) days after the occurrence of such event. If such notice is given, the rights and obligations of the parties shall cease as of the that date of such notice, and Rental Rent (other than any Additional Rental Rent due Landlord by reason of Tenant's failure to perform any of its obligations hereunder) shall be adjusted as of the date of such termination.

Landlord's Option to Terminate Lease. If the Premises are (a) rendered wholly untenantable, or (b) damaged as a result of any cause which is not covered by Landlord's insurance or (c) damaged or destroyed in whole or in part during the last three (3) years of the Term, or if Landlord's Building is damaged to the extent of fifty percent (50%) or more of Landlord's Floor Area, then, ; in any of such events, Landlord may elect to terminate this Lease by giving to Tenant notice of such election within ninety (90) days after the occurrence of such event. If such notice is given, the rights and obligations of the parties shall cease as of the date of such notice, and Rental (other than any Additional Rental due Landlord by reason of Tenant's failure to perform any of its obligations hereunder) shall be adjusted as of the date of such termination.

Landlord's Option to Terminate Lease. If the Premises are (a) rendered wholly untenantable, or (b) damaged as a result of any arty cause which is not covered by Landlord's insurance or (c) damaged or destroyed in whole or in part during the last three one (31) years year of the Term, or if Landlord's Building is damaged to the extent of fifty twenty-five percent (5025%) or more of Landlord's Floor Areathe Gross Leasable Area thereof, then, then in any of such events, Landlord may elect to terminate this Lease by giving to Tenant notice of such election within ninety thirty (9030) days after the occurrence of such event. If such notice is given, the rights and obligations of the parties shall cease as of the date of such notice, and Rental Rent (other than any Additional Rental Rent due Landlord by reason of Tenant's failure to perform any of its obligations hereunder) shall be adjusted as of the date of such termination.