Common use of Landlord’s Recapture Right Clause in Contracts

Landlord’s Recapture Right. Notwithstanding any other provision of this Article 14 to the contrary, but subject to Section 14.7(b), if Tenant notifies Landlord that it desires to enter into a Transfer, then Landlord, in lieu of consenting to such Transfer, may elect, within ten Business Days after receipt of Tenant’s Transfer Consent Request and all of the required information specified in Section 14.2(a) to: (a) in the case of an assignment of this Lease, to terminate this Lease, or (b) in the case of a sublease of one or more entire Floors for all or substantially all of the then remaining Term of this Lease, to terminate this Lease as it relates to the space proposed to be subleased by Tenant. In such event, this Lease will terminate (or the space proposed to be subleased will be removed from the Premises subject to this Lease and the Base Rent and Tenant’s Share under this Lease shall be proportionately reduced) on the earlier of (x) 60 days after Landlord’s notice to Tenant making the election set forth in this Section 14.7, or (y) the date the Transfer was proposed to be effective, if such date is specified in Tenant’s notice to Landlord regarding the proposed Transfer, and Landlord may lease such space to any party, including the prospective Transferee identified by Tenant.

Landlord’s Recapture Right. Notwithstanding any other provision This Section 15.4 shall not apply to either Permitted Transfers or to subleases of this Article 14 to less than substantially all of the contrary, but subject to Section 14.7(b), if Tenant notifies Landlord that it desires to enter into a Transfer, then Premises. Within thirty (30) days after Landlord, in lieu of consenting to such Transfer, may elect, within ten Business Days after ’s receipt of Tenant’s Transfer Consent Request and all submission of Tenant’s written request for Landlord’s consent to a Transfer, Landlord shall have the required information specified in Section 14.2(a) to: option (a) in the case of an assignment of without limiting Landlord’s other rights under this Lease) of terminating this Lease (or, as to terminate this Leasea subletting or assignment, or (b) in the case of a sublease of one or more entire Floors for all or substantially all of the then remaining Term of this Lease, to terminate this Lease as it relates to the space portion of the Premises proposed to be subleased by Tenantsublet or assigned) as of the latter of either: upon thirty (30) days notice or the date the proposed Transfer was to be effective. In such event, If Landlord terminates this Lease will terminate (as to all or any portion of the space proposed to be subleased will be removed from the Premises subject to this Lease and the Base Rent and Tenant’s Share under Premises, then this Lease shall be proportionately reduced) on cease for such portion of the earlier of (x) 60 days after Landlord’s notice to Premises and Tenant making the election set forth in this Section 14.7, or (y) the date the Transfer was proposed to be effective, if such date is specified in Tenant’s notice shall pay to Landlord regarding all Rent accrued through the cancellation date relating to the portion of the Premises covered by the proposed Transfer. Thereafter, and Landlord may lease all or such space portion of the Premises to the prospective transferee (or to any party, including the prospective Transferee identified by other person or entity) without liability to Tenant.

Landlord’s Recapture Right. Notwithstanding any other provision of this Article 14 to the contrary, but subject to Section 14.7(b), if Tenant notifies Landlord that it desires to enter into a Transfer, then Landlord, in lieu of consenting to such Transfer, may elect, within ten (10) Business Days after receipt of Tenant’s Transfer Consent Request and all of the required information specified in Section 14.2(a) to: (ai) in the case of an assignment of this Lease, to terminate this Lease, or (bii) in the case of a sublease of one or more entire Floors for all or substantially all of the then remaining Term of this Lease, to terminate this Lease as it relates to the space proposed to be subleased by Tenant. In such event, this Lease will terminate (or the space proposed to be subleased will be removed from the Premises subject to this Lease and the Base Rent and Tenant’s Share under this Lease shall be proportionately reduced) on the earlier of (x) 60 sixty (60) days after Landlord’s notice to Tenant making the election set forth in this Section 14.7, or (y) the date the Transfer was proposed to be effective, if such date is specified in Tenant’s notice to Landlord regarding the proposed Transfer, and Landlord may lease such space to any party, including the prospective Transferee identified by Tenant.

Landlord’s Recapture Right. Notwithstanding any other provision of the above provisions of this Article 14 13 to the contrary, but subject to Section 14.7(b), if Tenant notifies Landlord that it desires to enter into a Transfer, then Landlord, in lieu of consenting to such Transfer, may elect, within ten Business Days after (10) business days of receipt of Tenant’s Transfer Consent Request and all of the required information specified 's notice, Landlord must advise Tenant in Section 14.2(a) to: writing as to whether it elects to (a) in the case of an assignment of this Leasethe Lease or a sublease of the entire Premises for the entirety (or substantially the entirety) of the remainder of the Term, to terminate this Lease, or (b) in the case of a sublease of one or more less than the entire Floors Premises, which sublease is for all the entirety (or substantially all the entirety) of the then remaining Term remainder of this Leasethe Term, to terminate this Lease as it relates to the space proposed to be subleased by Tenant. In such event, this Lease will terminate (or the space proposed to be subleased will be removed from the Premises subject to this Lease and the Base Rent and Tenant’s 's Share under this Lease shall be proportionately reducedreduced pro rata) on the earlier of (x) 60 days after Landlord’s notice to Tenant making the election set forth in this Section 14.7, or (y) the date the Transfer was proposed to be effective, if such date is specified in Tenant’s notice to Landlord regarding the proposed Transfer, and Landlord may thereafter lease such space to any party, including the prospective Transferee identified by Tenant.