Common use of SUBSTANTIAL UNTENANTABILITY Clause in Contracts

SUBSTANTIAL UNTENANTABILITY. If either the Premises or the Building is rendered substantially untenantable by fire or other casualty, Landlord shall elect by giving Tenant written notice within sixty (60) days after the date of said fire or casualty, either to: (i) terminate this Lease as of the date of the fire or other casualty; or (ii) proceed to repair or restore the Premises or the Building (other than leasehold improvements and personal property installed by or on behalf of Tenant) to substantially the same condition as existed immediately prior to such fire or casualty. 19.1.1 If Landlord elects to proceed pursuant to subsection (2) above, Landlord's notice shall contain Landlord's reasonable estimate of the time required to substantially complete such repair or restoration. If such estimate indicates that the time so required will exceed 270 days from the date of the notice, then Tenant shall have the right to terminate this Lease as of the date of such casualty by giving written notice to Landlord not later than twenty (20) days after the date of Landlord's notice which termination shall be effective as of the later to occur of (i) the date of such casualty or (ii) the date Tenant vacates the Premises. Tenant shall vacate the Premises within ten (10) days of the date such notice of termination is given. If Landlord's estimate indicates that the repair or restoration can be substantially completed within 270 days, or if Tenant fails to exercise its said right to terminate this Lease within the twenty (20) days as provided immediately above, this Lease shall remain in force and effect.

Appears in 2 contracts

Samples: Lease (Williams Communications Group Inc), Lease (Williams Communications Group Inc)

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SUBSTANTIAL UNTENANTABILITY. If either the Premises or the Building is rendered substantially untenantable by fire or other casualty, Landlord shall may elect by giving Tenant written notice within sixty one hundred twenty (60120) days after the date of said fire or casualty, either to: : (i1) terminate this Lease as of the date of the fire or other casualty; or or (ii2) proceed to repair or restore the Premises or the Building (other than leasehold improvements and personal property installed by or on behalf of Tenant) to substantially the same condition as existed immediately prior to such fire or casualty. 19.1.1 . If Landlord elects to proceed pursuant to subsection (2) above, Landlord's ’s notice shall contain Landlord's ’s reasonable estimate of the time required to substantially complete such repair or restoration. If such estimate indicates that the time so required will exceed 270 one hundred eighty (180) days from the date of the noticefire or other casualty, then Tenant shall have the right to terminate this Lease as of the date of such casualty by giving written notice to Landlord not later than twenty (20) days after the date of the Landlord's notice ’s notice, in which termination event Tenant shall be effective have as of much time as is practicable under the later circumstances (not to occur of exceed thirty (i30) days from the date of such casualty or (iiTenant’s notice of termination) the date Tenant vacates the Premises. Tenant shall to vacate the Premises within ten (10) days provided that all of Tenant’s obligations under this Lease, other than the obligation to pay Rent, shall remain in effect, notwithstanding such termination of the date Lease, with respect to any such notice of termination period during which Tenant is givenvacating the Premises). If Landlord's ’s estimate indicates that the repair or restoration can be substantially completed within 270 daysone hundred eighty (180) days from the date of the fire or other casualty, or if Tenant fails to exercise its said right to terminate this Lease within the twenty (20) days as provided immediately aboveLease, this Lease shall remain in force and effect.

Appears in 2 contracts

Samples: Deed of Lease (Xenith Bankshares, Inc.), Deed of Lease (Xenith Bankshares, Inc.)

SUBSTANTIAL UNTENANTABILITY. If either the Premises or the Building is rendered substantially untenantable by fire or other casualty, Landlord shall may elect by giving Tenant written notice within sixty one hundred and twenty (60120) days after the date of said such fire or casualty, either to: (ia) terminate this Lease as of the date of the fire or other casualty; or (iib) proceed to repair or restore the Premises or the Building (other than leasehold improvements and personal property installed by or on behalf of Tenant) , to substantially the same condition as existed immediately prior to such fire or casualty. 19.1.1 . If Landlord elects to proceed pursuant to subsection (2b) above, Landlord's notice shall contain Landlord's reasonable estimate of the time required to substantially complete such repair or restorationrestoration of the Premises. If such estimate indicates that the time so required will exceed 270 two hundred seventy (270) days from the date of the noticeLandlord will be able to undertake repair and restoration, then Tenant shall have the right to terminate this Lease as of the date of such casualty by giving written notice to Landlord not later than twenty (20) days after the date of Landlord's notice which termination shall be effective as of the later to occur of (i) the date of such casualty or (ii) the date Tenant vacates the Premises. Tenant shall vacate the Premises within ten (10) days of the date such notice of termination is givennotice. If Landlord's estimate indicates that the repair or restoration can be substantially completed within 270 dayssuch two hundred seventy (270) day period, or if Tenant fails to exercise its said right to terminate this Lease within the twenty (20) days as provided immediately aboveLease, this Lease shall remain in force and effect.

Appears in 1 contract

Samples: Office Lease (Piranha Inc)

SUBSTANTIAL UNTENANTABILITY. If either the Premises Premises, the particular building in which it is located, or the Building Complex is rendered substantially untenantable by fire or other casualty, Landlord shall may elect by giving Tenant written notice ("Landlord's Casualty Notice") within sixty one hundred twenty (60120) days after the date of said fire or casualty, either to: (i) A. terminate this Lease lease as of the date of the fire or other casualty; or (ii) B. proceed to repair or restore the Premises Premises, the Buildings or the Building (Complex other than leasehold improvements and personal property installed by or on behalf of Tenant) , to substantially the same condition as existed immediately prior to such fire or casualty. 19.1.1 . If Landlord elects to proceed pursuant to subsection (2) B above, Landlord's notice shall contain Landlord's reasonable estimate of the time required to substantially complete such repair or restoration. If such estimate indicates that the time so required will exceed 270 one hundred eighty (180) days from the date of the noticeLandlord's Casualty Notice, then Tenant shall have the right to terminate this Lease as of the date of such casualty by giving written notice to Landlord not later than twenty (20) days after the date of Landlord's notice which termination shall be effective as of the later to occur of (i) the date of such casualty or (ii) the date Tenant vacates the Premises. Tenant shall vacate the Premises within ten (10) days of the date such notice of termination is givennotice. If Landlord's estimate indicates that the repair or restoration can be substantially completed within 270 180 days, or if Tenant fails to exercise its said right to terminate this Lease within the twenty (20) days as provided immediately aboveLease, this Lease shall remain in full force and effect.

Appears in 1 contract

Samples: Sublease (Maxxis Group Inc)

SUBSTANTIAL UNTENANTABILITY. If either the Premises or the Building is rendered substantially untenantable by fire or other casualty, Landlord shall elect by giving Tenant written notice within sixty (60) days after the date of said fire or casualty, either to: (i) terminate this Lease as of the date of the fire or other casualty; or (ii) proceed to repair or restore the Premises or the Building (other than leasehold improvements and personal property installed by or on behalf of Tenant) to substantially the same condition as existed immediately prior to such fire or casualty. 19.1.1 If Landlord elects to proceed pursuant to subsection (2) above, Landlord's notice shall contain Landlord's reasonable estimate of the time required to substantially complete such repair or restoration. If such estimate indicates that the time so required will exceed 270 27 28 days from the date of the notice, then Tenant shall have the right to terminate this Lease as of the date of such casualty by giving written notice to Landlord not later than twenty (20) days after the date of Landlord's notice which termination shall be effective as of the later to occur of (i) the date of such casualty or (ii) the date Tenant vacates the Premises. Tenant shall vacate the Premises within ten (10) days of the date such notice of termination is given. If Landlord's estimate indicates that the repair or restoration can be substantially completed within 270 days, or if Tenant fails to exercise its said right to terminate this Lease within the twenty (20) days as provided immediately above, this Lease shall remain in force and effect.

Appears in 1 contract

Samples: Lease (Williams Communications Group Inc)

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SUBSTANTIAL UNTENANTABILITY. If either the Premises or the Building particular building in which it is located, is rendered substantially untenantable by fire or other casualty, Landlord shall may elect by giving Tenant written notice ("Landlord's Casualty Notice") within sixty one hundred twenty (60120) days after the date of said fire or casualty, either to: (iA) terminate this Lease as of the date of the fire or other casualty; or (iiB) proceed to repair or restore the Premises Premises, the Buildings or the Building (Complex other than leasehold improvements and personal property installed by or on behalf of Tenant) , to substantially the same condition as existed immediately prior to such fire or casualty. 19.1.1 . If Landlord elects to proceed pursuant to subsection (2) B above, Landlord's notice Casualty Notice shall contain Landlord's reasonable estimate of the time required to substantially complete such repair or restoration. If such estimate indicates that the time so required expired will exceed 270 one hundred eighty (180) days from the date of the noticeLandlord's Casualty Notice, then Tenant shall have the right to terminate this Lease as of the date of such casualty by giving written notice to Landlord not later than twenty (20) days after the date of Landlord's notice which termination shall be effective as of the later to occur of (i) the date of such casualty or (ii) the date Tenant vacates the Premises. Tenant shall vacate the Premises within ten (10) days of the date such notice of termination is givenCasualty Notice. If Landlord's estimate indicates that the repair or restoration can be substantially completed within 270 180 days, or if Tenant fails to exercise its said right to terminate this Lease within the twenty (20) days as provided immediately aboveLease, this Lease shall remain in full force and effect.

Appears in 1 contract

Samples: Lease Agreement (Universal Access Inc)

SUBSTANTIAL UNTENANTABILITY. If either the Premises Premises, the Building or the Building Complex is rendered substantially untenantable by fire or other casualty, Landlord shall may elect by giving Tenant written notice within sixty ninety (6090) days after the date of said fire or casualty, either to: : (i1) terminate this Lease as of the date of the fire or other casualty; or or (ii2) proceed to repair or restore the Premises Premises, the Building or the Building Complex (other than leasehold improvements and personal property installed by or on behalf of Tenant) ), to substantially the same condition as existed immediately prior to such fire or casualty. 19.1.1 . If Landlord elects to proceed pursuant to subsection (2) above, Landlord's notice shall contain Landlord's reasonable estimate of the time required to substantially complete such repair or restoration. If such estimate indicates that the time so required will exceed 270 one hundred twenty (120) days from the date of the noticecasualty, then Tenant shall have the right to terminate this Lease as of the date of such casualty by giving written notice to Landlord not later than twenty thirty (2030) days after the date of the Landlord's notice which termination shall be effective as of the later to occur of (i) the date of such casualty or (ii) the date Tenant vacates the Premises. Tenant shall vacate the Premises within ten (10) days of the date such notice of termination is givennotice. If Landlord's estimate indicates that the repair or restoration can be substantially completed within 270 one hundred twenty (120) days, or if Tenant fails to exercise its said right to terminate this Lease within the twenty (20) days as provided immediately aboveLease, this Lease shall remain in force and effect.

Appears in 1 contract

Samples: Sublease Agreement (Youcentric Inc)

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