Tenant's Right of Termination. If, (a) within the last twelve (12) months of the Term, the Premises are damaged by fire or casualty and Tenant has not exercised the Option to Extend set forth in Section 13.13 of this Lease and if the amount of time normally required in the ordinary course to perform and substantially complete restoration of the damage in question, as set forth in the Estimate (as said term is hereinafter defined), exceeds sixty (60) days, or (b) the Premises are materially damaged by fire or casualty at any other time during the Term and if the amount of time normally required in the ordinary course to perform and substantially complete restoration of the damage in question as set forth in the Estimate exceeds one hundred eighty (180) days, then, in either case set forth in clauses (a) and (b) of Section 10.2.1, Tenant shall have the right to terminate the Lease, effective as of the date set forth in Tenant's Termination Notice (as said term is hereinafter defined), such right to be exercise, if at all, by written notice (the "Tenant's Termination Notice") to Landlord within fifteen (15) days after Tenant's receipt of the Estimate. Failure to exercise such right of termination by Tenant within such fifteen (15) day period, time being of the essence, shall constitute a waiver of any right of Tenant to terminate on account of the applicable fire or casualty. Any termination of this Lease by Tenant pursuant to this Section 10.2.1 shall have the same force and effect as if such date were the date originally established as the Expiration Date of this Lease. Landlord shall cause a contractor selected by it to make a written estimate (the "Estimate") of the amount of time normally required in the ordinary course to perform and substantially complete restoration of the damage to the Premises in question caused by any fire or casualty and a copy of such Estimate shall be furnished to both Landlord and Tenant within sixty (60) days after the applicable fire or casualty. If Tenant does not receive the Estimate within such sixty (60) day period, Tenant may deliver to Landlord a written request for the Estimate. If, on or before the date (the "Estimate Date") which is thirty (30) days after the delivery of such written request to Landlord, Tenant has not received the Estimate from Landlord, Tenant may terminate this Lease by written notice to Landlord within ten (10) days after the Estimate Date and such termination, if timely given, shall be deemed a termination of this Lease pursu...
Tenant's Right of Termination. Where the Tenant has not caused or contributed to the damage or destruction of the Premises and the payment of the insurance for the Premises is not refused due to the act or default of the Tenant, the Tenant may give written notice to the Council terminating this Lease where the Council does not:
21.3.1 give notice to the Tenant pursuant to clause 21.1; or
21.3.2 commence reinstatement within 12 months of the date of damage or destruction. Upon termination of this Lease, each party is released from all further obligations under this Lease except nothing in this clauses releases either party from any breach of this Lease arising prior to the date of termination.
Tenant's Right of Termination. The Tenant may give written notice to the Landlord terminating this Lease where:
19.3.1 the Landlord does not give notice to the Tenant pursuant to clause 19.2; or
19.3.2 the Landlord does not commence reinstatement within 6 months of the date of damage or destruction. The Landlord does not have to reinstate the Premises and will not be liable to pay the Tenant any compensation.
Tenant's Right of Termination. Tenant shall have the right to terminate the ----------------------------- Lease after twenty four (24) months with three months prior written notice, if Landlord is unable to provide written assurance by such time that it can provide an additional space of 6500 square feet within twenty four (24) months of the commencement of this Lease.
Tenant's Right of Termination. Tenant may terminate this Lease upon notice and payment of a termination fee (the "TERMINATION FEE") effective on the date(s) designated hereafter in accordance with the provisions set forth below. If Tenant elects to terminate this Lease, the applicable Termination Fees are as follows:
0.1 If Tenant elects to terminate this Lease effective on December 31, 1999 (the "First Determination Effective Date"), Tenant shall pay a Termination Fee in the sum of Three Million Five Hundred Thousand Dollars ($3,500,000.00) plus an amount equal to the unpaid Remainder Commission (as defined in EXHIBIT G) then due by Landlord to the Tenant's Broker pursuant to the terms of EXHIBIT Q hereof;
Tenant's Right of Termination. 36.1 Upon the pre-matured termination of this Tenancy, the Tenant shall give a written notice of the termination to the Landlord at least three (3) months in advance. The three (3) months shall start from the date on which the Landlord has received such notice. In the event the Tenant failed to give the notice of termination, the Landlord may apply the balance Security Deposit (less such appropriate deduction) to pay the outstanding Rent.
Tenant's Right of Termination. Notwithstanding anything to the contrary contained in this Lease, in the event the Premises is damaged by any casualty and based upon a reasonable estimate the Premises is not likely to be restored within two hundred and forty (240) days after the date of the casualty nor is New Premises as defined in Section 7.04 (B) likely to be provided to Tenant within two hundred forty (240) days after the date of the casualty, then Tenant shall have the right to terminate this Lease by notice to Landlord given within thirty (30) days after the date of the casualty.
Tenant's Right of Termination. If the Premises or the Building are damaged by fire or other casualty, and this Lease is not terminated pursuant to Section 12.1, Landlord shall thereafter use reasonable efforts to restore the Building and the Premises (excluding any Alterations made by Tenant pursuant to Section 5.2) to proper condition for Tenant's use and occupation, provided that Landlord's obligation shall be limited to the amount of insurance proceeds available therefor. If, for any reason, such restoration shall not be substantially completed within six months after the expiration of the ninety-day period referred to in Section 11.1 (which six-month period may be extended for such periods of time as Landlord is prevented from proceeding with or completing such restoration due to Force Majeure, but in no event for more than an additional three months), Tenant shall have the right to terminate this Lease by giving notice to Landlord thereof within thirty (30) days after the expiration of such period (as so extended) provided that such restoration is not completed within such period. This Lease shall cease and come to an end without further liability or obligation on the part of either party thirty (30) days after such giving of notice by Tenant unless, within such thirty-day period, Landlord substantially completes such restoration. Such right of termination shall be Tenant's sole and exclusive remedy at law or in equity for Landlord's failure so to complete such restoration, and time shall be of the essence with respect thereto.
Tenant's Right of Termination. In the event the Demised Premises is damaged by fire or other casualty, such damage is not caused by Tenant or by its employees, contractors or agents and such damage is not repaired within three hundred sixty-five (365) days after the date of the damage, then Tenant shall have the right, exercisable upon written notice to Landlord within ten (10) days after the expiration of such three hundred sixty-five (365) day period, to terminate this Lease. In the event that Tenant timely delivers such notice of termination to Landlord, then, unless Landlord, within thirty (30) days after its receipt of such termination notice, delivers the Demised Premises to Tenant in substantially the same condition (excluding Tenant's fixtures, equipment and furnishings) that existed immediately prior to such damage, then this Lease shall terminate and the parties shall be relieved of all further liability hereunder. In the event Tenant fails to timely exercise such termination right, Tenant shall be deemed to have irrevocably waived its right to terminate this Lease on account of such damage.
Tenant's Right of Termination. In the event that the Tenant despite its best efforts cannot obtain approval from the applicable regulatory agencies or permits from the local authority to operate a branch bank office on the premises, the Tenant shall have the right, in its unfettered discretion, to terminate this lease by giving the Tenant 30 days prior written notice, whereupon, this Lease shall terminate without any liability to either party and this Lease shall be of no further force or effect. Tenant's right to terminate this Lease shall expire and be of no further force or effect as of June 1, 2005. Tenant agrees that it shall, within 10 days of the execution of this Lease, submit all reasonably necessary applications and supporting documentation to the applicable regulatory authority for approval of a branch bank at the demised premises.
