Landlord’s Termination Rights. Landlord may terminate this Lease upon thirty (30) days’ prior written notice to Tenant if:
Landlord’s Termination Rights. In any of the following circumstances, Landlord may elect to terminate this Lease:
Landlord’s Termination Rights. Landlord may terminate this Lease upon thirty (30) days’ prior written notice to Tenant if: (i) any material portion of the Building or all reasonable means of access thereto is taken; (ii) more than thirty-five percent (35%) of the Building is damaged by Casualty; (iii) if the estimated time to complete restoration, as provided to Tenant by Landlord within ninety (90) days following the occurrence of such Casualty (based on a good faith estimate by a qualified general contractor), exceeds twelve (12) months from the date of Casualty; or (iv) if the estimated cost of Landlord’s restoration obligations exceeds the amount of the insurance proceeds released by Landlord’s Mortgagee for such purpose by more than $1,000,000. Landlord shall not exercise its termination rights pursuant to this Section 15.2(a) unless Landlord is terminating the leases of all tenants at the Building.
Landlord’s Termination Rights. (a) If the Project or any portion thereof is substantially damaged by a fire, storm, wind, water, any act of nature or God, or any other matter beyond the control of Landlord (a "Casualty") not required to be insured against by Landlord hereunder or if the Project or any portion thereof is substantially damaged by Casualty required to be insured against by Landlord but the insurance company is insolvent and financially unable to pay the proceeds which are due (through no fault of Landlord), Landlord shall have the right to terminate this Lease by notice to Tenant given within ninety (90) days after the date of such Casualty (the "Damage Date"), provided, however, Landlord will not terminate this Lease pursuant to this subparagraph (a) unless Landlord terminates the leases of all tenants of the Building whose premises (or access thereto) are similarly affected by such Casualty. As used in this Article, the term "
Landlord’s Termination Rights. In the event Landlord should sell its interest in the building, and the purchaser does not desire to assume Tenants Lease, either Landlord or the purchaser may, upon six (6) months prior written notice to Tenant, elect to terminate the Lease notwithstanding the date of expiration of the Lease. Additionally, in the event Landlord should, in the exercise of its sole and absolute discretion, determine to close the building, Tenant agrees that Landlord may do so upon six (6) months prior written notice. All obligations of Tenant with respect to the surrender of the Premises shall apply in the event of the exercise of this early termination right. Approved: Landlord: Tenant:
Landlord’s Termination Rights. If all or any part of the Premises is damaged by fire or other casualty, Tenant shall immediately notify Landlord in writing. During any period of time that all or a material portion of the Premises is rendered untenantable as a result of a fire or other casualty, the Rent shall xxxxx for the portion of the Premises that is untenantable and not used by Tenant. Landlord shall have the right to terminate this Lease if:
Landlord’s Termination Rights. Landlord may terminate this Lease upon thirty (30) days’ prior written notice to Tenant if (i) any material portion of the Building or any material means of access thereto is subject to a Taking; or (ii) more than thirty-five percent (35%) of the Building is damaged by Casualty.
Landlord’s Termination Rights. 21.1.1 In the event that the entire Building or any portion thereof (including the Building Parking Facilities) is substantially damaged by a Casualty not required to be insured against by Landlord hereunder or in the event that the Building or any portion thereof (including the Building Parking Facilities) is substantially damaged by Casualty required to be insured against by Landlord, but the insurance company is insolvent and financially unable to pay the proceeds that are due (through no fault of Landlord), Landlord shall have the right to terminate this Lease (provided that Landlord terminates all other leases in the Building as of the same date) by written notice to Tenant given within ninety (90) days after the earlier of the dates that either (a) Landlord should have reasonably discovered the Casualty or (b) the date Tenant gives Landlord notice of the Casualty (the earlier of such dates being herein referred to as the “Damage Date”). As used in this Article 21, the terms “
Landlord’s Termination Rights. Notwithstanding the provisions of Sections 23(a), (b) and (c), above, if the Premises are damaged by an uninsured casualty, or if the proceeds of insurance are insufficient to pay for the repair of any damage to the Premises, or if the Casualty occurs during the last six (6) months of the Term, Landlord shall have the option to repair such damage or cancel this Lease as of the date of the damage by written notice to Tenant given on or before the sixtieth (60th) day following the occurrence of the damage.
Landlord’s Termination Rights. Except for transfers permitted by Section 15.1, notwithstanding anything contained in this Lease to the contrary, if Tenant desires to (a) assign its entire interest in this Lease, or its interest or estate in the entire Premises; (b) sublet the entire Premises; or (c) sublet any portion of the Premises for the entire then remaining portion of the Lease Term, Tenant shall give written notice of its intention to do so to Landlord 60 days or more before the effective date of such proposed assignment or subletting. Landlord may, at any time within 30 days after receiving such notice from Tenant, cancel this Lease or, in the case of (c), the portion of the Premises which Tenant wishes to sublet, by giving Tenant written notice of its intention to do so, in which event such cancellation shall become effective upon the date specified by Landlord, which date shall not be less than 30 days nor more than 90 days after its receipt by Tenant. Landlord may enter into a direct lease with the proposed sublessee or assignee or with any other persons without obligation or liability to Tenant, its assignees, sublessees or their respective successors, assigns, agents or brokers.
