Common use of Lessor's and Lessee's Rights Clause in Contracts

Lessor's and Lessee's Rights. If a material portion of the Leased Premises or the Building is damaged by Casualty such that Lessee is prevented from conducting its business in the Leased Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Lessor estimates that the damage caused thereby cannot be repaired within 180 days after the commencement of repair, then Lessor may, at its expense, relocate Lessee to office space reasonably comparable to the Leased Premises, provided that Lessor notifies Lessee of its intention to do so in the Damage Notice. Such relocation may be for a portion of the remaining term or the entire term. Lessor shall complete any such relocation within ninety (90) days after Lessor has delivered the Damage Notice to Lessee. If such relocation is not for the remaining term, Lessor agrees to pay for Lessee's relocation back to the Leased Premises. If Lessor does not elect to relocate Lessee following such Casualty, then Lessee may terminate this Lease by delivering written notice to Lessor of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Lessee. If Lessor does not relocate Lessee and Lessee does not terminate this Lease, then (subject to Lessor's rights under Section 7.3) Lessor shall repair the Building or the Leased Premises, as the case may be, as provided below, and Basic Rental for the portion of the Leased Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of the repair, unless Lessee caused such damage, in which case, Lessee shall continue to pay rent without abatement.

Lessor's and Lessee's Rights. If a material portion of the Leased Premises or the Building is damaged by Casualty such that Lessee is prevented from conducting its business in the Leased Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Lessor estimates that the damage caused thereby cannot be repaired within 180 120 days after the commencement of repair, then Lessor may, at its expense, relocate Lessee to office space reasonably comparable to the Leased Premises, provided that Lessor notifies Lessee of its intention to do so in the Damage Notice. Such relocation may be for a portion of the remaining term or the entire term. Lessor shall complete any such relocation within ninety (90) 120 days after Lessor has delivered the Damage Notice to Lessee. If such relocation is not for the remaining term, Lessor agrees to pay for Lessee's relocation back to the Leased Premises. If Lessor does not elect to relocate Lessee following such Casualty, then Lessee may terminate this Lease by delivering written notice to Lessor of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Lessee. If Lessor does not relocate Lessee and Lessee does not terminate this Lease, then (subject to Lessor's rights under Section 7.3) Lessor shall repair the Building or the Leased Premises, as the case may be, as provided below, and Basic Rental for the portion of the Leased Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of the repair, unless Lessee caused such damage, in which case, Lessee shall continue to pay rent without abatement.

Lessor's and Lessee's Rights. If a material portion of the Leased Premises or the Building is damaged by Casualty such that Lessee is prevented from conducting its business in the Leased Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Lessor estimates that the damage caused thereby cannot be repaired within 180 one hundred eighty (180) days after the commencement of repair, then Lessor may, at its expense, relocate Lessee to office space reasonably comparable to the Leased Premises, provided that Lessor notifies Lessee of its intention to do so in the Damage Notice. Such relocation may be for a portion of the remaining term or the entire termterm of the Lease. Lessor shall complete any such relocation within ninety one hundred eighty (90180) days after Lessor has delivered the Damage Notice to Lessee. If such relocation is not for the remaining term, Lessor agrees to pay for Lessee's relocation back to the Leased Premises. If Lessor does not elect to relocate Lessee following such Casualty, then Lessee may terminate this Lease by delivering written notice to Lessor of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Lessee. If Lessor does not relocate Lessee and Lessee does not terminate this Lease, then (subject to Lessor's ’s rights under Section 7.3) Lessor shall repair the Building or the Leased Premises, as the case may be, as provided below, and Basic Rental Base Rent for the portion of the Leased Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of the repair, unless Lessee caused such damage, in which case, Lessee shall continue to pay rent without abatement.