Common use of Tenant’s Termination Right Clause in Contracts

Tenant’s Termination Right. Tenant shall have the right, at Tenant’s sole election, to terminate this Lease upon two hundred seventy (270) days’ Notice to Landlord if Landlord fails (a) to complete the construction of the Tower within ten (10) years of the Commencement Date and/or (b) to achieve Seismic Compliance for the Improvements (including the Tower) on or before January 1, 2030.

Tenant’s Termination Right. ‌ . Tenant shall have the right, at Tenant’s sole election, to terminate this Lease upon two hundred seventy (270) days’ Notice to Landlord if Landlord fails (a) to complete the construction of the Tower within ten (10) years of the Commencement Date and/or (b) to achieve Seismic Compliance for the Improvements (including the Tower) on or before January 1, 2030.