Common use of Tenant’s Termination of Lease Clause in Contracts

Tenant’s Termination of Lease. If over 20% of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if in Tenant's reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of the Premises.

Appears in 2 contracts

Samples: Flex Lease Agreement (Essex Corporation), Sublease Agreement (Xanodyne Pharmaceuticals Inc)

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Tenant’s Termination of Lease. If over 20% of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the BuildingBuilding or Project, Tenant may terminate this Lease if in Tenant's ’s reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of the Premises.

Appears in 2 contracts

Samples: Lease Agreement (eHealth, Inc.), Lease Agreement (Singulex Inc)

Tenant’s Termination of Lease. If over 20% any of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if if, in Tenant's ’s reasonable judgment judgment, the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of the Premises.

Appears in 1 contract

Samples: Office Lease Agreement (Intellon Corp)

Tenant’s Termination of Lease. If over 20% of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if in Tenant's reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 sixty (60) days after Tenant is notified of the taking of the Premises.

Appears in 1 contract

Samples: Sublease (Pennaco Energy Inc)

Tenant’s Termination of Lease. If over 20% of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if in Tenant's ’s reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of the Premises.

Appears in 1 contract

Samples: Office Lease Agreement (Biovest International Inc)

Tenant’s Termination of Lease. If any part of the Premises or if over 20% of the Premises Building is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Buildingsold, Tenant may terminate this Lease if in Tenant's ’s reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 45 days after Tenant is notified of the taking of the PremisesBuilding.

Appears in 1 contract

Samples: Lease Agreement (Encision Inc)

Tenant’s Termination of Lease. If over 20% of the Premises is thus taken or sold sold, and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if in Tenant's ’s reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of the PremisesBuilding.

Appears in 1 contract

Samples: Lease Agreement (Solid Power, Inc.)

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Tenant’s Termination of Lease. If over 20% of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if in Tenant's reasonable judgment the Premises cannot be operated by Tenant in is an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of the Premises.

Appears in 1 contract

Samples: Lease Agreement (Medibuy Com Inc)

Tenant’s Termination of Lease. If over 20% of the Premises Building- is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Buildingsold, Tenant may terminate this Lease if in Tenant's reasonable judgment the Premises Building cannot be operated by Tenant in an economically viable fashion because of such partial taking,. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of the PremisesBuilding.

Appears in 1 contract

Samples: Lease Agreement (Ilx Lightwave Corp)

Tenant’s Termination of Lease. If over 20% of the Premises 1801 Space and/or the 1851 Space is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the BuildingBuildings or Project, Tenant may terminate this Lease if in Tenant's ’s reasonable judgment such portion of the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of such portion of the Premises.

Appears in 1 contract

Samples: Lease Agreement (Exelixis, Inc.)

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