Common use of Tenant's Right of Termination Clause in Contracts

Tenant's Right of Termination. (a) Within thirty (30) days after notice to Landlord of any damage described in Section 12.01 hereof, Landlord shall deliver to Tenant a statement prepared by a licensed, independent architect setting forth such architect's estimate (the "Estimate") as to the time required to repair such damage, exclusive of time required to repair any Tenant's Alterations. If the estimated time period exceeds twelve (12) months from the date of the Estimate or if the 50 Premises are totally damaged by casualty, Tenant may elect to terminate this Lease by notice to Landlord not later than ninety (90) days following receipt of the Estimate or the date of such casualty, as applicable. If Tenant makes such election, the Term shall expire upon the thirtieth (30th) day after notice of such election is given by Tenant, and Tenant shall vacate the Premises and surrender the same to Landlord in accordance with the provisions of Article 18 hereof. If Tenant shall not have elected to terminate this Lease pursuant to this Article 12 (or is not entitled to terminate this Lease pursuant to this Article 12), the damage shall be diligently repaired by and at the expense of Landlord as, and to the extent, required by Section 12.01(a) above, subject to Unavoidable Delays. If the estimated period of repair does not exceed twelve (12) months and, thereafter, Landlord fails to substantially complete such repairs within such twelve (12) month period, Tenant may terminate this Lease by notice to Landlord within thirty (30) days following the expiration of the twelve (12) month period.

Tenant's Right of Termination. In the event (ai) Within the Demised Premises is damaged by fire or other casualty, (ii) such damage was not caused by Tenant or any of its subtenants, assignees, contractors, agents or employees, and (iii) such damage is not capable of being repaired within three hundred sixty-five (365) days of the date of the damage, or 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 date that Tenant is notified by Landlord that the Demised Premises is not capable of being repaired within such three hundred sixty-five (365) day period, or within ten (10) days after the expiration of such three hundred sixty-five (365) day period, as applicable, 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 notice its receipt of such termination notice, delivers the Demised Premises (excluding those improvements that Tenant is responsible to Landlord of any damage described in restore pursuant to Section 12.01 hereof, Landlord shall deliver 20(a) above) to Tenant a statement prepared by a licensed, independent architect setting forth such architect's estimate (in substantially the "Estimate") as same condition that existed immediately prior to the time required to repair such damage, exclusive then this Lease shall terminate and the parties shall be relieved of time required all further liability hereunder. In the event Tenant fails to repair any Tenant's Alterations. If the estimated time period exceeds twelve (12) months from the date of the Estimate or if the 50 Premises are totally damaged by casualtytimely exercise such termination right, Tenant may elect shall be deemed to have irrevocably waived its right to terminate this Lease by notice to Landlord not later than ninety (90) days following receipt of the Estimate or the date on account of such casualty, as applicable. If Tenant makes such election, the Term shall expire upon the thirtieth (30th) day after notice of such election is given by Tenant, and Tenant shall vacate the Premises and surrender the same to Landlord in accordance with the provisions of Article 18 hereof. If Tenant shall not have elected to terminate this Lease pursuant to this Article 12 (or is not entitled to terminate this Lease pursuant to this Article 12), the damage shall be diligently repaired by and at the expense of Landlord as, and to the extent, required by Section 12.01(a) above, subject to Unavoidable Delays. If the estimated period of repair does not exceed twelve (12) months and, thereafter, Landlord fails to substantially complete such repairs within such twelve (12) month period, Tenant may terminate this Lease by notice to Landlord within thirty (30) days following the expiration of the twelve (12) month perioddamage.

Tenant's Right of Termination. (a) Within thirty sixty (3060) days after notice to Landlord of any damage described in Section 12.01 hereof15.1 herein, Landlord shall deliver to Tenant a statement prepared by a licensed, independent architect setting forth such architect's Landlord’s good faith estimate (the "“Estimate"”) as to the time required to repair such damage, exclusive of time required to repair any Tenant's Alterationsperform Long Lead Work. If the estimated time period exceeds twelve (12) months from the date of the Estimate or if the 50 Premises are totally damaged by casualtyEstimate, Tenant may elect to terminate this Lease by notice to Landlord not later than ninety thirty (9030) days following receipt of the Estimate or the date of such casualty, as applicableEstimate. If Tenant makes such election, the Term shall expire upon the thirtieth (30th) 30th day after notice of such election is given by Tenant, and Tenant shall vacate the Premises and surrender the same to Landlord in accordance with the provisions of Article 18 hereof21 (provided, that such obligation shall be subject to Tenant being reasonably and safely able to access the Premises for purposes of complying with such obligations in light of the casualty) and any prepaid portion of Rent shall be abated as of such date of damage or destruction and shall be refunded by Landlord to Tenant. If Tenant shall not have elected to terminate this Lease pursuant to this Article 12 (or is not entitled to terminate this Lease pursuant to this Article 12Article), the damage shall be diligently repaired by and at the expense of Landlord asLandlord, and to the extentas set forth in this Article provided, required by Section 12.01(a) above, subject to Unavoidable Delays. If the estimated period of repair does not exceed twelve (12) months and, thereafter, that if Landlord fails to substantially complete such repairs within such twelve (12) month periodthe repair on or prior to the 30th day after the expiration of the repair period set forth in the Estimate, then Tenant may shall have an additional right to terminate this Lease by notice to Landlord within thirty (30) days following and the expiration of Term shall expire upon the twelve (12) month period30th day after such notice.

Tenant's Right of Termination. (a) Within a)Within thirty (30) days after notice to Landlord of any damage described in Section 12.01 hereof, Landlord shall deliver to Tenant a statement prepared by a licensed, independent architect setting forth such architect's ’s estimate (the "“Estimate"”) as to the time required to repair such damage, exclusive of time required to repair any Tenant's ’s Alterations. If the estimated time period exceeds twelve (12) months from the date of the Estimate or if the 50 Premises are totally damaged by casualtyEstimate, Tenant may elect to terminate this Lease by notice to Landlord not later than ninety thirty (9030) days following receipt of the Estimate or the date of such casualty, as applicableEstimate. If Tenant Xxxxxx makes such election, the Term shall expire upon the thirtieth (30th) day after notice of such election is given by TenantXxxxxx, and Tenant shall vacate the Premises and surrender ​ the same to Landlord in accordance with the provisions of Article 18 hereof. If Tenant shall not have elected to terminate this Lease pursuant to this Article 12 (or is not entitled to terminate this Lease pursuant to this Article 12), the damage shall be diligently repaired by and at the expense of Landlord as, and to the extent, required by Section 12.01(a) above, subject to Unavoidable Delays. If the estimated period of repair does not exceed twelve (12) months and, thereafter, Landlord fails to substantially complete such repairs within such twelve (12) month period, Tenant may terminate this Lease by notice to Landlord within thirty (30) days following the expiration of the twelve (12) month period.