Common use of Tenant’s Termination Right Clause in Contracts

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises shall be substantially completed. If such date, as set forth the Restoration Notice, is more than 18 months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt of the Restoration Notice. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.2.

Appears in 2 contracts

Samples: Office Building Lease (Imanage Inc), Office Building Lease (Imanage Inc)

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Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 months from the date of such damage, then Tenant shall have the right to terminate this Amended and Restated Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Amended and Restated Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 2 contracts

Samples: Lease Agreement (Marchex Inc), Lease Agreement (Marchex Inc)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises shall be substantially completedSubstantially Completed. If such date, as set forth the Restoration Notice, is more than 18 15 months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt of the Restoration Notice. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.2.

Appears in 2 contracts

Samples: Lease (Greenhill & Co Inc), Lease (Greenhill & Co Inc)

Tenant’s Termination Right. If the Premises and/or the Building (as applicable) are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 sixty (60) days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 nine (9) months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "“Casualty Termination Notice") to Landlord not later than 30 thirty (30) days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Casualty Termination NoticeNotice within said thirty (30) day period, this Lease shall be deemed to have terminated as of the date of the giving of the Casualty Termination Notice, in the manner set forth in the second sentence of Section 13.211.7.

Appears in 2 contracts

Samples: Lease Agreement (Pegasystems Inc), Lease Agreement (Pegasystems Inc)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 15 months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (Omrix Biopharmaceuticals, Inc.)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 12 months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 1 contract

Samples: Lease (Cmgi Inc)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration NoticeRESTORATION NOTICE") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination NoticeTERMINATION NOTICE") to Landlord not later than 30 days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 1 contract

Samples: Lease Agreement (Philadelphia Consolidated Holding Corp)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 12 months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.5.

Appears in 1 contract

Samples: Lease Agreement (Larimar Therapeutics, Inc.)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the PremisesPremises pursuant to this Article 11, Landlord shall, within 60 sixty (60) days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Tenant-Insured Improvements) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 twelve (12) months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 thirty (30) days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.2.11.4. 789956.06/WLA 377061-00006/sb/sb Arboretum Courtyard [Catasys, Inc.]

Appears in 1 contract

Samples: Lease (Catasys, Inc.)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the core and shell of the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt of the Restoration Notice. If Tenant delivers a Termination Notice to Landlord a Termination Noticewithin said 30 day period, then this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner and subject to the conditions set forth in the second sentence of Section 13.214.2.

Appears in 1 contract

Samples: Lease (Sports Club Co Inc)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 sixty (60) days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 nine (9) months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 thirty (30) days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 1 contract

Samples: Lease Agreement (Cereplast Inc)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building or the Common Areas shall be so damaged that Tenant is deprived of reasonable access to or use of the Premises, and if Landlord elects or is otherwise obligated to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of any above-described damage to the Building and the Common Areas and any damage to the Premises (including any Tenant Improvements, provided that Tenant furnishes to Landlord Restoration Security pursuant to the terms of Section 11.3 above) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 nine (9) months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 1 contract

Samples: Sublease Agreement (Sunrun Inc.)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 9 months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 1 contract

Samples: Lease Agreement (DemandTec, Inc.)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 sixty (60) days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 twelve (12) months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 thirty (30) days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 1 contract

Samples: Lease Agreement (Convio, Inc.)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 12 months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 1 contract

Samples: Sublease Agreement (K12 Inc)

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Tenant’s Termination Right. If the Premises (or any portion -------------------------- thereof) are totally damaged and are thereby rendered wholly untenantable, or if the Building or Parking Garage shall be so damaged that Tenant is deprived of reasonable access to the Premisesthereto, and if Landlord elects does not terminate pursuant to restore the PremisesSection 13.2, Landlord shall, within 60 sixty (60) days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 eighteen (18) months from the date of such damagedamage (with no extension for force majeure), or if Landlord fails to timely provide the Restoration Notice, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 thirty (30) days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.2.

Appears in 1 contract

Samples: Deed of Lease (Verisign Inc/Ca)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to or use of the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 months one (1) year from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 1 contract

Samples: Lease Agreement (Inphi Corp)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more 6219070.4 than 18 15 months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 1 contract

Samples: Lease Agreement (Achieve Life Sciences, Inc.)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 12 months from the date of such damage, or if Landlord does not Substantially Complete Landlord’s restoration obligations with respect to the Premises within 12 months (subject to Unavoidable Delay), then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 1 contract

Samples: Sublease (K12 Inc)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 sixty (60) days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Tenant-Insured Improvements) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 twelve (12) months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 thirty (30) days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 1 contract

Samples: Lease Agreement (ChromaDex Corp.)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantableuntenantable thereby, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises shall be substantially completed. If such date, as set forth the Restoration Notice, is more than Notice estimates that the restoration shall not be substantially completed on or before a date ("Landlord's Restoration Date") which shall be 18 months from following the date of such damage, then Tenant shall have the right to terminate this Lease by giving written notice (the "Termination Notice") to Landlord not later than 30 10 days following Tenant's receipt of the Restoration Notice. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination NoticeNotice as if such date were the Expiration Date, in the manner set forth in the second sentence of Section 13.2.and Rent shall be apportioned and shall be paid or refunded, as the

Appears in 1 contract

Samples: Lease Agreement (Martha Stewart Living Omnimedia Inc)

Tenant’s Termination Right. If the Premises and/or the Building (as applicable) are totally materially damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the PremisesUntenantable, and if Landlord elects to repair and restore the Premises, Landlord shall, within 60 sixty (60) days following the date of the damage, cause a contractor or architect selected by Landlord to give deliver a notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises shall by Landlord will be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 twelve (12) months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "“Casualty Termination Notice") to Landlord not later than 30 thirty (30) days following Tenant's receipt delivery of the Restoration Notice to Tenant (time being of the essence of the delivery of said Casualty Termination Notice). If Tenant delivers to Landlord a Casualty Termination NoticeNotice within said thirty (30) day period, (a) then this Lease shall be deemed to have terminated as of the date of the giving of the Casualty Termination Notice, in as if such date was the manner set forth in expiration date of the second sentence Term of Section 13.2this Lease (b) Tenant shall vacate the Premises and surrender the same to Landlord, (c) Tenant’s liability for Rent shall cease as of the date of delivery of the Casualty Termination Notice, and (d) any prepaid Rent for any period after such termination shall be returned to Tenant.

Appears in 1 contract

Samples: Lease Agreement (Centessa Pharmaceuticals PLC)

Tenant’s Termination Right. If the Premises are totally damaged and are thereby rendered wholly untenantable, or if the Building shall be so damaged that Tenant is deprived of reasonable access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration NoticeRESTORATION NOTICE") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises (excluding any Above Building Standard Installations) shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 12 months from the date of such damage, then Tenant shall have the right to terminate this Lease by giving notice (the "Termination NoticeTERMINATION NOTICE") to Landlord not later than 30 days following Tenant's receipt delivery of the Restoration NoticeNotice to Tenant. If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.211.4.

Appears in 1 contract

Samples: Lease Agreement (Engage Technologies Inc)

Tenant’s Termination Right. If more than 50% of the Premises are is totally damaged and are thereby rendered wholly substantially untenantable, or if in the case of damage or destruction to the public portions of the Building shall be so damaged that Tenant is deprived of reasonable necessary for access to the Premises, and if Landlord elects to restore the Premises, Landlord shall, within 60 75 days following the date of the damage, cause a contractor or architect selected by Landlord to give notice (the "Restoration Notice") to Tenant of the date by which such contractor or architect estimates the restoration of the Premises shall be substantially completedSubstantially Completed. If such date, as set forth in the Restoration Notice, is more than 18 7 months from the date of such damagedamage (the "Outside Repair Date"), then Tenant shall have the right to terminate this Lease by giving notice (the "Termination Notice") to Landlord not later than 30 days following Tenant's receipt of the Restoration Notice. In addition, if Tenant elects not to terminate this Lease in the manner set forth above and the restoration of the Premises is not completed by the Outside Repair Date (as such date may be extended due to adjustment of insurance claims, Unavoidable Delay or Tenant Delay) and provided Landlord is not diligently proceeding with the restoration of the Premises, Tenant shall have the right to terminate this Lease by a Termination Notice given to Landlord not later than 30 days after the Outside Repair Date (as so extended). If Tenant delivers to Landlord a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice, in the manner set forth in the second sentence of Section 13.2.

Appears in 1 contract

Samples: Lease Agreement (Thestreet Com)

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