Landlord’s Termination Option. Anything in subsection A of this Article 10 to the contrary notwithstanding, if the Premises are totally damaged or are rendered wholly untenantable, and if Landlord shall decide not to restore the Premises, or if the Building shall be so damaged by fire or other casualty that, in Landlord's opinion, either substantial alteration, demolition or reconstruction of the Building shall be required (whether or not the Premises shall have been damaged or rendered untenantable) or the Building, after its proposed repair, alteration or restoration shall not be economically viable as an office building, then in any of such events, Landlord, at Landlord's option, may, not later than ninety (90) days following the damage, give Tenant a notice in writing terminating this Lease. In addition, (i) if any damage shall occur to the Premises or the Building during the last two (2) years of the Term, Landlord shall have the option to terminate this Lease by thirty (30) days prior written notice to Tenant and (ii) Landlord shall not be obligated to repair or restore the Premises or the Building if a holder of a mortgage or underlying leasehold applies proceeds of insurance to the loan or lease payment balance, and the remaining proceeds, if any, available to Landlord are insufficient to pay for such repair or restoration. If Landlord elects to terminate this Lease, the Term shall expire upon the tenth (10th) day after such notice is given, and Tenant shall vacate the Premises and surrender the same to Landlord. If Tenant shall not be in default under this Lease, then upon the termination of this Lease under the conditions provided for in the next preceding sentence, Tenant's liability for Rent thereafter accruing shall cease as of the day following such damage.
Landlord’s Termination Option. If, at any time and for any reason, Tenant ceases to be the sole occupant of Building A, Landlord shall have the right to terminate the Lease with respect to the Lobby Expansion Space by providing written notice of termination to Tenant. Such termination shall be effective as of the termination date specified in Landlord’s termination notice (the “Accelerated Lobby Expiration Date”). If Landlord exercises such termination option, Tenant shall vacate the Lobby Expansion Space in accordance with the terms of the Lease, as amended hereby, on or prior to the Accelerated Lobby Expiration Date, and Sections 6.2, 6.3 and 6.4 below shall, effective as of the Accelerated Lobby Expiration Date, no longer apply to Building A. Such surrender obligations shall include, without limitation, the obligation to remove and restore, at Tenant’s sole cost and expense, any and all improvements to the Lobby Expansion Space and improvements or modifications made to Building A to accommodate Tenant as sole occupant thereof (including, without limitation, any security systems of Tenant and the Lobby Improvements (as defined in Exhibit B attached hereto)) that are designated by Landlord. Tenant shall remain liable for all obligations under the Lease with respect to the Lobby Expansion Space up to and including the Accelerated Lobby Expiration Date.
Landlord’s Termination Option. Landlord shall have the right at any time to cancel and terminate this Lease in the event Landlord shall decide to demolish or rehabilitate the Building (the "Termination Option"), provided that Landlord shall give notice to Tenant of Landlord's exercise of the Termination Option not later than six (6) months prior to the proposed termination date set forth in such notice. In the event Landlord shall give such notice of termination pursuant to the provisions of this Article 41, this Lease shall come to an end and expire on the termination date set forth in the notice of termination, with the same force and effect as though said date were the Expiration Date, unless sooner terminated pursuant to any other term, covenant or condition of this Lease, or pursuant to law.
Landlord’s Termination Option. Notwithstanding anything to the contrary contained herein, if the Office Complex is damaged or destroyed, whether or not the Premises are damaged or destroyed, from any cause to such an extent that the costs of repairing and restoring the Office Complex would exceed fifty percent (50%) of the replacement value of the Office Complex, Landlord shall have the right to terminate this Lease by written notice to Tenant, provided the leases with all other Tenants in the Office Complex are similarly terminated. This right of termination shall be in addition to any other right of termination provided in this Lease.
Landlord’s Termination Option. Prior to the end of each Lease Year, Landlord shall have the right to terminate this Lease effective as of the last day of such Lease Year by providing Tenant prior written notice no later than April 1 of such Lease Year.
Landlord’s Termination Option. As an alternative to Landlord's other rights under this Section 15.2, within ninety (90) days of Landlord's receipt of Tenant's notice that Tenant desires to assign this Lease or to sublease all or substantially all of the Demised Premises, except with respect to an sublease within the scope of Section 15.10 (Permitted Sublease) herein, Landlord may elect to terminate this Lease as to the entire Demised Premises or as to the relevant portion thereof (at Landlord's option) by delivering written notice of such election to Tenant. If Landlord shall have elected to terminate this Lease pursuant to this Section 15.2, such termination shall be effective as of the Effective Date and thereupon the Term of this Lease shall cease and come to an end on that day with the same force and effect as though that were the original date set forth as the Expiration Date, and Tenant shall deliver broom clean possession of the Demised Premises to Landlord, in accordance with the terms of this Lease. Thereafter, neither party shall have any obligation to the other hereunder, except for any Rent due and owing to the Landlord up to and including the termination of this Lease, any obligations that expressly survive hereunder, and as the parties hereto may have agreed otherwise in this Lease or by a separate writing.
Landlord’s Termination Option. If a Casualty damages the Premises or a material portion of the Building, and (1) Landlord estimates that the damage to the Premises cannot be repaired within the Repair Period, (2) the damage to the Premises exceeds fifty percent (50%) of the replacement cost thereof (excluding foundations and footings), as estimated by Landlord, and such damage occurs during the last two years of the Term, (3) regardless of the extent of damage to the Premises, Landlord makes a good faith determination that restoring the Building would be uneconomical, or (4) Landlord is required to pay any insurance proceeds arising out of the Casualty to a Landlord's Mortgagee, then Landlord may terminate this Lease by giving written notice of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant.
Landlord’s Termination Option. Landlord may terminate this Lease at any time, at its sole discretion, by delivering written notice of its election to terminate not less than one (1) year prior to the date Landlord wishes to terminate the Lease.
Landlord’s Termination Option. Landlord shall have a one-time option (“Landlord’s Termination Option”) to terminate the Amended Lease with respect to the entire Premises effective as of the third (3rd) anniversary of the Extension Term Commencement Date (i.e., May 22, 2017) (except for those provisions that expressly survive the expiration or earlier termination of the Amended Lease); provided, that Landlord provides Tenant with no less than nine (9) months prior written notice. If Landlord timely exercises Landlord’s Termination Option, then Tenant shall surrender the Premises to Landlord on the termination date in the condition required by the Amended Lease for surrendering Premises upon the expiration or earlier termination thereof. Time is of the essence with respect to the exercise of Landlord’s Termination Option.
Landlord’s Termination Option. Landlord shall have the option to terminate and cancel the Amended Lease (“Landlord’s Termination Option”) by delivering to Tenant written notice of Landlord’s exercise of Landlord’s Termination Option (the “Termination Notice”). The Amended Lease shall terminate effective as of the date that is sixty (60) days after Landlord’s delivery to Tenant of the Termination Notice (the “Termination Date”), and Tenant shall surrender the Retained Premises to Landlord on or before the Termination Date in accordance with Article 21 of the Lease. If Landlord exercises Landlord’s Termination Option, and Tenant timely and properly surrenders the Retained Premises to Landlord on or before the Termination Date, Tenant shall not be obligated to pay the monthly installments of Monthly Base Rent and Deferred Monthly Payments that are due after the Termination Date.
