Common use of Landlords Right of Termination Clause in Contracts

Landlords Right of Termination. If (a) 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 (b) the Premises or Building are damaged and all or a portion of such damage is uninsured, or (c) part of the Building or the Property 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 to Tenant of Landlord’s election so to do within ninety (90) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate on the earlier of (a) thirty (30) days after the date of such notice or (b) the effective date of such taking with the same force and effect as if such date were the date originally established as the expiration date hereof.

Landlords Right of Termination. If (a) the Premises or the Building are is 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 two hundred seventy (60270) days from the time that repair work would commence), ) or (b) the Premises or Building are damaged and all or a portion of such damage is uninsured, or (c) if any material part of the Building or the Property Premises is taken by any exercise of the right of eminent domaindomain thereby rendering the Premises unusable for Tenant's purposes, then each of Tenant and 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 to Tenant the other of Landlord’s its election so to do within ninety thirty (9030) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate on the earlier of (a) thirty (30) days after the date of such notice or (b) the effective date of such taking with the same force and effect as if such date were the date originally established as the expiration date hereof.

Landlords Right of Termination. If (a) 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 (b) the Premises or Building are damaged and all or a portion of such damage is uninsured, or (c) part of the Building or the Property 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 to Tenant of Landlord’s 's election so to do within ninety sixty (9060) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate on the earlier of (a) thirty forty-five (3045) days after the date of such notice or (b) the effective date of such taking with the same force and effect as if such date were the date originally established as the expiration date hereof.

Landlords Right of Termination. If (a) 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 Landlord's architect estimates that repair of such damage cannot, in the ordinary course, reasonably not be expected to be repaired completed within sixty (60) 180 days from the time that repair date such restoration work would commence), or (b) the Premises or Building are damaged and all or a portion of such damage is uninsured, or (c) if any part of the Building or the Property is taken by any exercise of the right of eminent domaindomain which would leave the remainder of the Building unsuitable or uneconomic for use as an office building comparable to its use on the Commencement Date, 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 to Tenant of Landlord’s 's election so to do within ninety sixty (9060) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate on the earlier of (a) thirty (30) 30 days after the date of such notice or (b) the effective date of such taking with the same force and effect as if such date were the date originally established as the expiration date hereof.

Landlords Right of Termination. If (a) 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 Landlord’s architect estimates that repair of such damage cannot, in the ordinary course, reasonably not be expected to be repaired completed within sixty (60) 180 days from the time that repair date such restoration work would commence), or (b) the Premises or Building are damaged and all or a portion of such damage is uninsured, or (c) if any part of the Building or the Property is taken by any exercise of the right of eminent domaindomain which would leave the remainder of the Building unsuitable or uneconomic for use as an office building comparable to its use on the Commencement Date, 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 to Tenant of Landlord’s election so to do within ninety sixty (9060) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate on the earlier of (a) thirty (30) 30 days after the date of such notice or (b) the effective date of such taking with the same force and effect as if such date were the date originally established as the expiration date hereof.