Common use of Landlord’s Termination of Lease Clause in Contracts

Landlord’s Termination of Lease. If only part of the Building or Premises is thus taken or sold, and if after such partial taking, in Landlord's reasonable judgment, alteration or reconstruction is not economically justified, then Landlord (whether or not the Premises are affected) may terminate this Lease by giving written notice to Tenant within 60 days after the taking.

Appears in 9 contracts

Samples: Office Lease Agreement (Quixote Corp), Lease Agreement (Tickets Com Inc), Office Lease Agreement (Xanodyne Pharmaceuticals Inc)

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Landlord’s Termination of Lease. If only part of the Building or Premises is thus taken or sold, and if after such partial taking, in Landlord's ’s reasonable judgment, alteration or reconstruction is not economically justified, then Landlord (whether or not the Premises are affected) may terminate this Lease by giving written notice to Tenant within 60 days after the taking.

Appears in 4 contracts

Samples: Lease Agreement (Solid Power, Inc.), Office Lease Agreement (Biovest International Inc), Office Lease Agreement (Intellon Corp)

Landlord’s Termination of Lease. If only part ten percent (10%) or more, but less than all, of the Building or Premises is thus taken or sold, and if after such partial taking, in Landlord's ’s reasonable judgment, alteration or reconstruction is not economically justifiedfeasible, then Landlord (whether or not the Premises are affected) may terminate this Lease by giving written notice to Tenant within 60 days after the taking.

Appears in 2 contracts

Samples: Lease Agreement (Adept Technology Inc), Lease Agreement (Adept Technology Inc)

Landlord’s Termination of Lease. If only part of the Building or Premises is thus taken or soldsold in lieu of condemnation, and if after such partial taking, in Landlord's ’s reasonable judgment, alteration or reconstruction is not economically justified, then Landlord (whether or not the Premises are affected) may terminate this Lease by giving written notice to Tenant within 60 sixty (60) days after the taking.

Appears in 2 contracts

Samples: Lease Agreement (GrubHub Inc.), Office Lease (Cra International, Inc.)

Landlord’s Termination of Lease. If only part of the Project, Building or Premises is thus taken or sold, and if after such partial taking, in Landlord's ’s reasonable judgment, alteration or reconstruction is not economically justified, then Landlord (whether or not the Premises are affected) may terminate this Lease by giving written notice to Tenant within 60 sixty (60) days after the taking.

Appears in 2 contracts

Samples: Lease Agreement (Ryland Group Inc), Lease Agreement (First California Financial Group, Inc.)

Landlord’s Termination of Lease. If only part of the Building or Premises is thus taken or sold, and if after such partial taking, in Landlord's reasonable judgment, alteration or reconstruction is not economically justified, then Landlord (whether or not the Premises are affected) may terminate this Lease by giving written notice to Tenant within 60 sixty (60) days after the taking.

Appears in 2 contracts

Samples: Lease Agreement (Glacier Corp), Lease Agreement (Pennaco Energy Inc)

Landlord’s Termination of Lease. If only part of the Project, Building or Premises is thus taken or sold, and if after such partial taking, in Landlord's ’s reasonable judgment, alteration or reconstruction is not economically justified, then Landlord (whether or not the Premises are affected) may terminate this Lease by giving written notice to Tenant within 60 days after the taking.. (b)

Appears in 1 contract

Samples: Lease Agreement (eHealth, Inc.)

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Landlord’s Termination of Lease. If only part of the Project, Building or Premises is thus taken or sold, and if after such partial taking, in Landlord's ’s reasonable judgment, alteration or reconstruction is not economically justified, then Landlord (whether or not the Premises are affected) may terminate this Lease by giving written notice to Tenant within 60 days after Landlord receives unequivocal written notice of the takingtaking of the Premises by the condemning authority.

Appears in 1 contract

Samples: Lease Agreement (Singulex Inc)

Landlord’s Termination of Lease. If only part of the Building or the Premises is thus taken or sold, and if after such partial taking, in Landlord's ’s reasonable judgment, alteration or reconstruction of any affected improvements necessary for Tenant’s use and enjoyment of the Premises is not economically justified, then Landlord (whether or not the Premises are affected) may terminate this Lease by giving written notice to Tenant within 60 45 days after the taking.

Appears in 1 contract

Samples: Lease Agreement (Encision Inc)

Landlord’s Termination of Lease. If only part of the Project, a Building or Premises is thus taken or sold, and such partial taking materially impairs Tenant’s use of the Premises, and if after such partial taking, in Landlord's ’s reasonable judgment, alteration or reconstruction is not economically justified, then Landlord (whether or not the Premises are affected) may terminate this Lease by giving written notice to Tenant within 60 days after the taking.

Appears in 1 contract

Samples: Lease Agreement (Exelixis, Inc.)

Landlord’s Termination of Lease. If only part of the Building Building- or Premises is thus taken or sold, and if after such partial taking, taking in Landlord's reasonable judgment, alteration or reconstruction of any affected improvements necessary for Tenant's use and enjoyment of the Premises is not economically justified, then Landlord (whether or not the Premises are Building is affected) may terminate this Lease by giving written notice to Tenant within 60 days after the taking.

Appears in 1 contract

Samples: Lease Agreement (Ilx Lightwave Corp)

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