Tenant’s Termination Right. If the part of the Real Property so Taken contains more than 20% of the total area of the Premises leased by Tenant immediately prior to such Taking, or if, by reason of such Taking, Tenant no longer has reasonable means of access to the Premises or any material Building amenities or services are materially impaired, Tenant may terminate this Lease by notice to Landlord given within 30 days following the date upon which Tenant is given notice of such Taking. If Tenant so notifies Landlord, this Lease shall end and expire upon the 30th day following the giving of such notice as if such day were the original Expiration Date under this Lease. If a part of the Premises shall be so Taken and this Lease is not terminated in accordance with this Section 12.1 Landlord, without being required to spend more than it collects as an award, shall, subject to the provisions of any Mortgage or Superior Lease, restore that part of the Premises not so Taken to a self-contained rental unit substantially equivalent (with respect to character, quality, appearance and services) to that which existed immediately prior to such Taking, excluding Tenant’s Property and Above Building Standard Installations.
Appears in 1 contract
Samples: Sublease (K12 Inc)
Tenant’s Termination Right. If the part of the Real -------------------------- Property so Taken contains acquired or condemned consists of more than 20% one (1) floor of the total area of the Premises leased by Tenant immediately prior to such TakingBuilding, or if, by reason of such Takingacquisition or condemnation, Tenant no longer has reasonable means of access to the Premises or any material Building amenities or services are materially impairedPremises, Tenant may terminate this Lease by notice to Landlord given within 30 thirty (30) days following the date upon which Tenant is given received notice of such Takingacquisition or condemnation. If Tenant so notifies Landlord, this Lease shall end and expire upon the 30th thirtieth (30th) day following the giving of such notice as if such day were the original Expiration Date under this Leasenotice. If a part of the Premises shall be so Taken acquired or condemned and this Lease is and the Term shall not be terminated in accordance with this Section 12.1 14.1 Landlord, at Landlord's expense, but without being required requiring Landlord to spend more than it collects as an award, shall, subject to the provisions of any Mortgage or Superior Lease, restore that part of the Premises not so Taken acquired or condemned to a self-contained rental unit substantially equivalent (with respect to character, quality, appearance and services) to that which existed immediately prior to such Takingacquisition or condemnation, excluding Tenant’s 's Property and Above Building Standard Installationsand/or Specialty Alterations.
Appears in 1 contract
Samples: Lease (Portal Software Inc)
Tenant’s Termination Right. If the part of the Real Property so Taken taken contains more than 20% twenty-five (25%) percent of the total area of the Premises leased by Tenant immediately prior to such Taking, or if, by reason of such Taking, Tenant no longer has reasonable means of access to the Premises or any material Building amenities or services are materially impaireduse of the Premises in a manner reasonably comparable to that conducted prior to such Taking, Tenant may terminate this Lease by notice to Landlord given within 30 thirty (30) days following the date upon which Tenant is given notice of such Taking. If Tenant so notifies Landlord, this Lease shall end and expire upon the 30th thirtieth (30th) day following the giving of such notice as if such day were the original Expiration Date under this Leasenotice. If a part of the Premises shall be so Taken taken and this Lease is not terminated in accordance with this Section 12.1 Landlord, without being required to spend more than it collects as an award, shall, subject to the provisions of any Mortgage or Superior Lease, shall restore that part of the Premises not so Taken taken to a self-contained rental unit substantially equivalent (with respect to character, quality, appearance and services) to that which existed immediately prior to such Taking, excluding Tenant’s Property and Above Building Standard Installations, provided, however, if Landlord is unable to perform the restoration required hereunder because the same would cost more than the award, Tenant shall have the right to terminate this Lease by notice to Landlord given within thirty (30) days following the date upon which Tenant is notified of such circumstance.
Appears in 1 contract
Samples: Lease Agreement (2U, Inc.)
Tenant’s Termination Right. If the part of the Real Property so Taken contains more than 20% of the total area of the Premises leased occupied by Tenant immediately prior to such Taking, or if, by reason of such Taking, Tenant no longer has reasonable means of access to the Premises or any material Building amenities or services are Tenant's use of the Premises is materially impairedand adversely affected thereby, Tenant may terminate this Lease by notice to Landlord given within 30 days following the date upon which Tenant is given notice of such Taking. If Tenant so notifies Landlord, this Lease shall end and expire upon the 30th day following the giving of such notice as if such day were the original Expiration Date under this Leasenotice. If a part of the Premises shall be so Taken and this Lease is not terminated in accordance with this Section 12.1 Landlord, without being required to spend more than it collects as an award, shall, subject to the provisions of any Mortgage or Superior Lease, restore that part of the Premises not so Taken to a self-contained rental unit substantially equivalent (with respect to character, quality, appearance and services) to that which existed immediately prior to such Taking, excluding Tenant’s 's Property and any Above Building Standard Installations.
Appears in 1 contract
Tenant’s Termination Right. If the part of the Real Property so Taken contains more than 20% of the total area of the Premises leased occupied by Tenant immediately prior to such Taking, or if, by reason of such Taking, Tenant no longer has reasonable means of access to the Premises or any material Building amenities or services are materially impairedthe remaining portion of the Premises is no longer reasonably suitable for the conduct of Tenant’s business therein, Tenant may terminate this Lease by notice to Landlord given within 30 60 days following the date upon which Tenant is given notice of such Taking. If Tenant so notifies Landlord, this Lease shall end and expire upon the 30th day following the giving of such notice as if such day were the original Expiration Date under this Leasenotice. If a part of the Premises shall be so Taken and this Lease is not terminated in accordance with this Section 12.1 Landlord, without being required to spend more than it collects as an award, shall, subject to the provisions of any Mortgage or Superior Lease, restore that part of the Premises not so Taken to a self-contained rental unit substantially equivalent (with respect to character, quality, appearance and services) to that which existed immediately prior to such Taking, excluding Tenant’s Property and any Above Building Standard Installations.
Appears in 1 contract
Samples: Lease Agreement (Affirmative Insurance Holdings Inc)
Tenant’s Termination Right. If the part of the Real Property so Taken contains more than twenty percent (20% %) of the total area of the Premises leased occupied by Tenant immediately prior to such Taking, or if, by reason of such Taking, Tenant no longer has reasonable means of access to the Premises or any material Building amenities or services are materially impairedequivalent parking rights, Tenant may terminate this Lease by notice to Landlord given within 30 thirty (30) days following the date upon which Tenant is given notice of such Taking. If Tenant so notifies Landlord, this Lease shall end and expire upon the 30th thirtieth (30th) day following the giving of such notice as if such day were the original Expiration Date under this Leasenotice. If a part of the Premises shall be so Taken and this Lease is not terminated in accordance with this Section 12.1 Section, Landlord, without being required to spend more than it collects as an award, shall, subject to the provisions of any Mortgage or Superior Lease, restore that part of the Premises not so Taken to a self-self- contained rental unit substantially equivalent (with respect to character, quality, appearance and services) to that which existed immediately prior to such Taking, excluding Tenant’s Property and Above Building Standard Installations.
Appears in 1 contract
Samples: Lease Agreement (Convio, Inc.)
Tenant’s Termination Right. If the part of the Real Property -------------------------- so Taken contains acquired or condemned consists of more than 20% one (1) floor of the total area of the Premises leased by Tenant immediately prior to such TakingBuilding, or if, by reason of such Takingacquisition or condemnation, Tenant no longer has reasonable means of access to the Premises or any material Building amenities or services are materially impairedPremises, Tenant may terminate this Lease by notice to Landlord given within 30 thirty (30) days following the date upon which Tenant is given received notice of such Takingacquisition or condemnation. If Tenant so notifies Landlord, this Lease shall end and expire upon the 30th thirtieth (30th) day following the giving of such notice as if such day were the original Expiration Date under this Leasenotice. If a part of the Premises shall be so Taken acquired or condemned and this Lease is and the Term shall not be terminated in accordance with this Section 12.1 14.1 Landlord, at Landlord's expense, but without being required requiring Landlord to spend more than it collects as an award, shall, subject to the provisions of any Mortgage or Superior Lease, restore that part of the Premises not so Taken acquired or condemned to a self-contained rental unit substantially equivalent (with respect to character, quality, appearance and services) to that which existed immediately prior to such Takingacquisition or condemnation, excluding Tenant’s 's Property and Above Building Standard Installationsand/or Specialty Alterations.
Appears in 1 contract
Samples: Lease (Portal Software Inc)
Tenant’s Termination Right. If the part of the Real Property so Taken contains more than twenty percent (20% %) of the total area of the Premises leased occupied by Tenant immediately prior to such Taking, or if, by reason of such Taking, Tenant no longer has reasonable means of access to the Premises or any material Building amenities or services are materially impairedPremises, Tenant may terminate this Lease by notice to Landlord given within 30 ninety (90) days following the date upon which Tenant is given notice of such Taking. If Tenant so notifies Landlord, this Lease shall end and expire upon the 30th 90th day following the giving of such notice notice, effective as if such day were of the original Expiration Date under this Leaseearlier of (i) the date possession is taken or (ii) the date of the vesting of title. If a part of the Premises shall be so Taken and this Lease is not terminated in accordance with this Section 12.1 12.1, Landlord, without being required to spend more than it collects as an award, shall, subject to the provisions of any Mortgage mortgage or Superior Lease, restore that part of the Premises not so Taken to a self-contained rental unit substantially equivalent (with respect to character, quality, appearance and services) to that which existed immediately prior to such Taking, excluding Tenant’s 's Property and Above Building Standard Installationsany Tenant-Insured Improvements.
Appears in 1 contract
Samples: Lease (Janux Therapeutics, Inc.)