Common use of Landlords Right of Termination Clause in Contracts

Landlords Right of Termination. If (a) the Building 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 two hundred seventy (270) days from the time that repair work would commence) or (b) if any material part of the Premises is taken by any exercise of the right of eminent domain 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 entire interest in the Premises may have been divested) by giving notice to the other of its election so to do within thirty (30) 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.

Landlords Right of Termination. If (a) the Premises or the Building is 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 two hundred seventy sixty (27060) days from the time that repair work would commence) ), or (b) if any material part of the Premises Building or the Property is taken by any exercise of the right of eminent domain thereby rendering the Premises unusable for Tenant's purposesdomain, then each of Tenant and 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 the other Tenant of its Landlord's election so to do within thirty sixty (3060) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate thirty on the earlier of (30a) forty-five (45) 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 is 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 two hundred seventy (270) 180 days from the time that repair date such restoration work would commence) ), or (b) if any material part of the Premises Building is taken by any exercise of the right of eminent domain thereby rendering which would leave the Premises unusable remainder of the Building unsuitable or uneconomic for Tenant's purposesuse as an office building comparable to its use on the Commencement Date, then each of Tenant and 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 the other of its Landlord's election so to do within thirty sixty (3060) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate thirty (30) 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.

Landlords Right of Termination. If (a) the Premises or the Building is 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 two hundred seventy (270) 180 days from the time that repair date such restoration work would commence) ), or (b) if any material part of the Premises Building is taken by any exercise of the right of eminent domain thereby rendering which would leave the Premises unusable remainder of the Building unsuitable or uneconomic for Tenant's purposesuse as an office building comparable to its use on the Commencement Date, 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 the other of its Landlord’s election so to do within thirty sixty (3060) days after the occurrence of such casualty or the effective date of such taking, whereupon this Lease shall terminate thirty (30) 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.