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 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 ninety (90) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 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 (PSW Technologies Inc), Lease (Telehublink Corp)

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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 the ordinary course, reasonably be expected to be repaired within sixty ninety (6090) days from the time that repair work would commencedate of the fire or casualty), 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 prior to the expiration of the said ninety (90) days after the occurrence of such casualty or the effective date of such takingdays, whereupon this Lease shall terminate 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 (Cytrx Corp), Lease (Rxi Pharmaceuticals 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 ninety (6090) days from the time that repair work would commence), or if any part of the Building Property or of the access thereto is taken by any exercise of the right of eminent domain, then the 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 to Landlord's ’s election so to do so within ninety thirty (9030) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 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 (RXi Pharmaceuticals 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 ninety (90) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 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.)

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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 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 ninety (90) 90 days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate thirty (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 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 ninety (90) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate 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)

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