Common use of Landlord’s Termination Right Clause in Contracts

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.3, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be so damaged that, in Landlord’s reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Premises are so damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 days following the date of the damage, terminate this Lease by notice to Tenant, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other tenants in the Building aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, (a) the Term shall expire upon the 30th day after such notice is given, (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s liability for Rent shall cease as of the date of the damage, and (d) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.3, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be so damaged that, in Landlord’s 's reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Premises are so damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 days following the date of the damage, terminate this Lease by notice to Tenant, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other tenants in the Building aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, (a) the Term shall expire upon the 30th day after such notice is given, (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s 's liability for Rent shall cease as of the date of the damage, and (d) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.313.1, if the Premises are totally damaged or and are thereby rendered wholly untenantable, or if the Building shall be so damaged that, that in Landlord’s reasonable 's opinion, either Tenant is deprived of reasonable access to the Premises or substantial alteration, demolition, demolition or reconstruction of the Building shall be required (whether or not the Premises are so shall have been damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 sixty (60) days following the date of the damage, terminate give Tenant a written notice terminating this Lease by notice to Tenant, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other tenants in the Building aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damageLease. If this Lease is so terminated, terminated (ai) the Term shall expire upon and the 30th day after such notice is given, (b) Tenant shall vacate the Premises and surrender the same to LandlordLandlord no later than the date set forth in the Notice, which date shall be not less than sixty (60) days after such notice is given, (cii) Tenant’s 's liability for Rent shall cease as of the date of the damage, and (diii) any prepaid Rent for any period after the date of the damage shall be promptly refunded by Landlord to Tenant, and (iv) Landlord shall collect and retain the insurance proceeds of policies obtained by Landlord providing coverage for damage to all or any part of the Real Property.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.3, (a) if the Premises are totally damaged or are rendered wholly untenantable, or (b) if the Building shall be so damaged that, in Landlord’s reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Premises are so damaged or rendered untenantable), (c) if any Mortgagee shall require that the insurance proceeds or any portion thereof be used to retire the Mortgage debt or any Lessor shall terminate the Superior Lease, as the case may be, or (d) if the damage is not fully covered, except for deductible amounts, by Landlord’s insurance policies, then in either any of such events, Landlord may, not later than 60 days following the date of the damage, terminate this Lease by notice to Tenant, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other tenants in the Building aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, (a) the Term shall expire upon the 30th day after such notice is given, (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s liability for Rent shall cease as of the date of the damage, and (d) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.3, (a) if the Premises are totally damaged or are rendered wholly untenantable, or (b) if the Building shall be so damaged that, in Landlord’s reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Premises are so damaged or rendered untenantable), (c) if any Mortgagee shall require that the insurance proceeds or any portion thereof be used to retire the Mortgage debt or any Lessor shall terminate the Superior Lease, as the case may be, or (d) if the damage is not fully covered, except for deductible amounts, by Landlord’s insurance policies, then in either any of such events, Landlord may, not later than 60 days following the date of the damage, terminate this Amended and Restated Lease by notice to Tenant, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other tenants in the Building aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Amended and Restated Lease is so terminated, (a) the Term shall expire upon the 30th day after such notice is given, (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s liability for Rent shall cease as of the date of the damage, and (d) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.313.1, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be so damaged that, in Landlord’s reasonable 's opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Premises are so damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 days following the date of the damage, terminate give Tenant a notice terminating this Lease by notice to TenantLease, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other office tenants in the Building aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, (a) the Term shall expire upon the 30th day after such notice is given, (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s 's liability for Rent shall cease as of the date of the damage, and (d) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.313.1, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be is so damaged that, that in Landlord’s reasonable 's opinion, substantial alteration, demolition, or reconstruction of the Building shall be is required (whether or not the Premises are so damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 days following the date of the damage, terminate give Tenant a notice terminating this Lease by notice to TenantLease, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other office tenants in the Building aggregating at least 50either (a) 33% of the portion of the Building occupied for office purposes immediately prior to such damagedamage or (b) 50% of the rentable area of the Building located in the elevator bank servicing the Premises. If this Lease is so terminated, (ai) the Term shall expire upon the 30th day date set forth in Landlord's notice, which shall not be less than 30 days after such notice is given, (b) and Tenant shall vacate the Premises and surrender the same to LandlordLandlord no later than the date set forth in the notice, (cii) Tenant’s 's liability for Rent shall cease as of the date of the damage, and (diii) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.3, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be so damaged that, in Landlord’s reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Premises are so damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 days following the date of the damage, terminate this Lease by notice to Tenant, provided that if the Premises are not totally damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other tenants in the Building aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, (a) the Term shall expire upon the 30th day after such notice is given, (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s liability for Rent shall cease as of the date of the damage, and (d) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.313.1, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be is so damaged that, that in Landlord’s reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be is required (whether or not the Premises are so damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 days following the date of the damage, terminate give Tenant a notice terminating this Lease by notice to TenantLease, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other office tenants in the Building aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, (ai) the Term shall expire upon the 30th day date set forth in Landlord’s notice, which shall not be less than 30 days after such notice is given, (b) and Tenant shall vacate the Premises and surrender the same to LandlordLandlord no later than the date set forth in the notice, (cii) Tenant’s liability for Rent shall cease as of the date of the damage, and (diii) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.313.1, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be is so damaged that, that in Landlord’s reasonable 's opinion, substantial alteration, demolition, or reconstruction of the Building shall be is required (whether or not the Premises are so damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 days following the date of the damage, terminate give Tenant a notice terminating this Lease by notice to TenantLease, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other office tenants in the Building aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, (ai) the Term shall expire upon the 30th day date set forth in Landlord's notice, which shall not be less than 30 days after such notice is given, (b) and Tenant shall vacate the Premises and surrender the same to LandlordLandlord no later than the date set forth in the notice, (cii) Tenant’s 's liability for Rent shall cease as of the date of the damage, and (diii) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the the. contrary contained in Section 11.3, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be so damaged that, in Landlord’s reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Premises are so damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 days following the date of the damage, terminate this Lease by notice to Tenant, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other tenants in the Building aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, (a) the Term shall expire upon the 30th day after such notice is given, (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s liability for Rent shall cease as of the date of the damage, and (d) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section SECTION 11.3, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be so damaged that, in Landlord’s 's reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Premises are so damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 days following the date of the damage, terminate this Lease by notice to Tenant, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other tenants in the Building aggregating at least 5080% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, (a) the Term shall expire upon the 30th 60th day after such notice is given, (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s 's liability for Rent shall cease as of the date of the damage, and (d) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.313.1, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be is so damaged that, in Landlord’s 's reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be is required (whether or not the Premises are so damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 120 days following the date of the damage, terminate give Tenant a notice terminating this Lease by notice to TenantLease, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other office tenants in the Building aggregating at least either (a) 50% of the portion of the Building occupied for office purposes immediately prior to such damagedamage or (b) 50% of the rentable area of the Building located in the elevator bank servicing the Premises. If this Lease is so terminated, (ai) the Term shall expire upon the 30th day date set forth in Landlord's notice, which shall not be less than 30 days after such notice is given, (b) and Tenant shall vacate the Premises and surrender the same to LandlordLandlord no later than the date set forth in the notice, (cii) Tenant’s 's liability for Rent shall cease as of the date of the damage, damage and (diii) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.3, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be so damaged that, in the reasonable opinion of Landlord’s reasonable opinion, architect and engineers the substantial alteration, demolition, or reconstruction of the Building shall be required to return it to a tenantable state (whether or not the Premises are so damaged or rendered untenantable)) will take more than 12 months, then in either of such events, Landlord may, not later than 60 sixty (60) days following the date of the damage, terminate this Lease by written notice to Tenant, provided that if the Premises are not materially damaged, Landlord may not terminate this Lease unless Landlord similarly terminates (as a result of such damage) the leases of other tenants in the Building aggregating at least fifty percent (50% %) of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, (a) the Term shall expire upon the 30th thirtieth (30th) day after such notice is given, (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s liability for Rent shall cease as of the date of the damage, and (d) any prepaid Rent for any period after the date of the damage shall be promptly refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.311.4, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be so damaged that, in Landlord’s reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Premises are so damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 days following the date of the damage, terminate this Lease by notice to Tenant, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord Landlord, similarly terminates the leases of other tenants in the Building aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, (a) the Term shall expire upon the 30th day after such notice is given, (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s liability for Rent shall cease as of the date of the damage, and (d) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.3, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be so materially damaged that, in Landlord’s reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Premises are so damaged materially damaged), and either (x) the Restoration Notice indicates that more than fifteen (15) months from the date of such damage is required to complete the restoration, or rendered untenantable)(y) the amount required to pay for the restoration of such damage exceeds the greater of (A) $5,000,000.00 or (B) the total insurance proceeds received by Landlord, then in either of any such events, event Landlord may, not later than 60 sixty (60) days following the date of the damage, terminate this Lease by notice to Tenant, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other tenants in the Building aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, then (ai) the Term shall expire upon the 30th day after date such notice is given, as if such date was the expiration date of the Term of this Lease, (bii) Tenant shall vacate the Premises and surrender the same to Landlord, (ciii) Tenant’s liability for Rent shall cease as of the date of the damage, and (div) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.313.1, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be is so damaged that, that in Landlord’s reasonable 's opinion, substantial alteration, demolition, or reconstruction of the Building shall be is required (whether or not the Premises are so damaged or rendered untenantable), then in either of such eventsevent, Landlord may, not later than 60 days following the date of the damage, terminate give Tenant a notice terminating this Lease by notice to TenantLease, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other office tenants in the Building aggregating at least 50either (a) 33% of the portion of the Building occupied for office purposes immediately prior to such damagedamage or (b) 50% of the rentable area of the Building located in the elevator bank servicing the Premises. If this Lease is so terminated, (ai) the Term shall expire upon the 30th day date set forth in Landlord's notice, which shall not be less than 30 days after such notice is given, (b) and Tenant shall vacate the Premises and surrender the same to LandlordLandlord no later than the date set forth in the notice, (cii) Tenant’s 's liability for Rent shall cease as of the date of the damage, and (diii) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant and the Security Deposit, if any, then held by Landlord shall be refunded to Tenant, provided there is then no default under this Lease.

Landlord’s Termination Right. Notwithstanding anything to ---------------------------- the contrary contained in Section 11.313.1, if the Premises are totally damaged or are rendered wholly untenantable, or if the Building shall be so damaged that, in Landlord’s reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Premises are so damaged or rendered untenantable), then in either of such events, Landlord may, not later than 60 sixty (60) days following the date of the damage, terminate this Lease by notice to Tenant, provided that if the Premises are not damaged, Landlord may not terminate this Lease unless Landlord similarly terminates the leases of other tenants in the Building (if any) aggregating at least 50% of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, (a) the Term shall expire upon the 30th thirtieth (30th) day after such notice is given, (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s 's liability for Rent shall cease as of the date of the damage, and (d) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.

Landlord’s Termination Right. Notwithstanding anything to the contrary contained in Section 11.3, (a) if the Premises are totally materially damaged or and are rendered wholly untenantableUntenantable, or (b) if the Building shall be so damaged that, in Landlord’s reasonable opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Premises are so damaged or rendered untenantableUntenantable), or (c) the insurance proceeds received by Landlord are not sufficient to pay for the restoration of such damage, then in either of any such events, event Landlord may, not later than 60 sixty (60) days following the date of the damage, terminate this Lease by notice to Tenant; provided, provided that however, if the Premises are not damaged, then Landlord may not terminate this Lease pursuant to this Section 11.4 unless Landlord similarly terminates the leases of other tenants in the Building aggregating at least fifty percent (50% %) of the portion of the Building occupied for office purposes immediately prior to such damage. If this Lease is so terminated, then (a) the Term shall expire upon the 30th day after date such notice is given, as if such date was the expiration date of the Term of this Lease, (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s liability for Rent shall cease as of the date of the damage, and (d) any prepaid Rent for any period after the date of the damage shall be refunded by Landlord to Tenant.