Common use of Landlords Right of Termination Clause in Contracts

Landlords Right of Termination. If the Premises or the Building are substantially damaged by fire or casualty (the term “substantially damaged” meaning damage of such a character that the same cannot, in ordinary course, reasonably be expected to be repaired within sixty (60) days from the time that repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s entire interest in the Premises may have been divested) by giving notice of Landlord’s election so to do within 90 days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 days after the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 4 contracts

Samples: Sublease (Upstream Bio, Inc.), Sublease (Upstream Bio, Inc.), Assignment and Assumption

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Landlords Right of Termination. If the Premises or the Building are substantially damaged by fire or casualty (the term "substantially damaged" meaning damage of such a character that the same cannot, in ordinary course, reasonably be expected to be repaired within sixty (60) days from the time that repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s 's entire interest in the Premises may have been divested) by giving notice of Landlord’s 's election so to do within 90 days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 days after the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 2 contracts

Samples: Lease (Beacon Education Management Inc), Lease Agreement (SmartPros Ltd.)

Landlords Right of Termination. If the Premises or the Building are substantially damaged by fire or casualty (the term "substantially damaged" meaning damage of such a character that the same cannot, in ordinary course, reasonably be expected to be repaired within sixty ninety (6090) days from the time that repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s 's entire interest in the Premises may have been divested) by giving notice of Landlord’s 's election so to do within 90 ninety (90) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 thirty (30) days after the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 2 contracts

Samples: Lease Agreement (Firepond Inc), Lease Agreement (Firepond Inc)

Landlords Right of Termination. If the Premises or the Building are substantially damaged by fire or casualty (the term "substantially damaged" meaning damage of such a character that the same cannot, in ordinary course, reasonably be expected to be repaired within sixty (60) days from the time that the repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s 's entire interest in the Premises may have been divested) by giving notice of Landlord’s 's election so to do within 90 days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 thirty (30) days after the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 2 contracts

Samples: Lease (Voicetek Corp), Lease (Viking Systems Inc)

Landlords Right of Termination. If the Premises or the Building are substantially damaged by fire or casualty (the term "substantially damaged" meaning damage of such a character that the same cannot, in ordinary course, reasonably be expected to be repaired within sixty (60) days from the time that repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s 's entire interest in the Premises may have been divested) by giving notice of Landlord’s 's election so to do within 90 ninety (90) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 thirty (30) days after the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 1 contract

Samples: Lease Agreement (Atlantic Data Services Inc)

Landlords Right of Termination. If the Premises or the Building are ------------------------------- substantially damaged by fire or casualty (the term "substantially damaged" meaning damage of such a character that the same cannot, in ordinary course, reasonably be expected to be repaired within sixty (60) days from the time that repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s 's entire interest in the Premises may have been divested) by giving notice of Landlord’s 's election so to do within 90 days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 days after as of the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 1 contract

Samples: Lease (Peritus Software Services Inc)

Landlords Right of Termination. If the Premises or the Building are substantially damaged by fire or casualty (the term “substantially damaged” meaning damage of such a character that the same cannot, in ordinary course, reasonably be expected to be repaired within sixty ninety (6090) days from the time that the repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s entire interest in the Premises may have been divested) by giving notice of Landlord’s election so to do within 90 days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 thirty (30) days after the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 1 contract

Samples: Sublease (Salary. Com, Inc.)

Landlords Right of Termination. If the Premises or the Building are substantially damaged by fire or casualty (the term "substantially damaged" meaning damage of such a character that the same cannot, in ordinary course, reasonably be expected to be repaired within sixty one hundred twenty (60120) days from the time that the repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s 's entire interest in the Premises may have been divested) by giving notice of Landlord’s 's election so to do within 90 sixty (60) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 thirty (30) days after the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 1 contract

Samples: Lease Agreement (Zoom Technologies Inc)

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Landlords Right of Termination. If the Premises or the Building are substantially damaged by fire or casualty (the term “substantially damaged” meaning damage of such a character that the same cannot, in ordinary course, reasonably be expected to be repaired within sixty ninety (6090) days from the time that repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s entire interest in the Premises may have been divested) by giving notice of Landlord’s election so to do within 90 days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 days after the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 1 contract

Samples: Lease (Cerevel Therapeutics Holdings, Inc.)

Landlords Right of Termination. If if the Premises or the Building are substantially damaged by fire or casualty (the term "substantially damaged" meaning damage of such a character that the same cannot, in ordinary course, reasonably be expected to be repaired within sixty (60) days from the time that the repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s 's entire interest in the Premises may have been divested) by giving notice of Landlord’s 's election so to do within 90 days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 thirty (30) days after the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 1 contract

Samples: Lease Agreement (Implant Science Corp)

Landlords Right of Termination. If the Premises or the Building are substantially damaged by fire or casualty (the term "substantially damaged" meaning damage of such a character that the same cannot, in the ordinary course, reasonably be expected to be repaired within sixty (60) days from the time that repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s 's entire interest in the Premises may have been divested) by giving notice of Landlord’s 's election so to do within 90 ninety (90) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 thirty (30) days after the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 1 contract

Samples: Lease (Sonus Networks Inc)

Landlords Right of Termination. If the Premises or the Building are substantially damaged by fire or casualty (the term “substantially damaged” meaning damage of such a character that the same cannot, in the ordinary course, reasonably be expected to be repaired within sixty (60) days from the time that repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s entire interest in the Premises may have been divested) by giving notice of Landlord’s election so to do within 90 ninety (90) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 thirty (30) days after the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 1 contract

Samples: Lease Agreement (Ameresco, Inc.)

Landlords Right of Termination. If the Premises or the Building are substantially damaged by fire or casualty (the term "substantially damaged" meaning damage of such a character that the same cannot, in ordinary course, reasonably be expected to be repaired within sixty (60) days from the time that the repair work would commence), or if any part of the Building is taken by any exercise of the right of eminent domain, then Landlord shall have the right to terminate this Lease (even if Landlord’s 's entire interest in the Premises may have been divested) by giving notice of Landlord’s 's election so to do within 90 sixty (60) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 30 thirty (30) days after the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

Appears in 1 contract

Samples: Sublease (Genomic Solutions Inc)

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