Common use of Tenant’s Termination Rights Clause in Contracts

Tenant’s Termination Rights. (i) If (A) this Lease is not terminated and Landlord fails to complete restoration of the Premises, base Building systems serving the same, reasonable means of access to the Premises and the parking areas serving Tenant (collectively, the “Primary Areas”) within the time frames and subject to the conditions set forth in Section 15.1 above, or (B) if the estimated time to complete restoration of the Primary Areas (as provided pursuant to the immediately preceding paragraph) exceeds the timeframes set forth in Section 15.1 above, then Tenant may terminate this Lease upon thirty (30) days’ written notice to Landlord; provided, however, that if Landlord completes such restoration within thirty (30) days after receipt of any such termination notice, such termination notice shall be null and void and this Lease shall continue in full force and effect. (ii) In addition, if Xxxxxxxx’s Mortgagee does not release sufficient insurance proceeds to cover the cost of Landlord’s restoration obligations, then Landlord shall notify Tenant thereof. If such notice by Landlord does not include an agreement by Landlord to pay for the difference between the cost of such restoration and such released insurance proceeds, then Tenant may terminate this Lease by written notice to Landlord on or before the date that is thirty (30) days after such notice. (iii) The remedies set forth in this Section 15.2 are Tenant’s sole and exclusive rights and remedies based upon Landlord’s failure to complete the restoration of the Premises as set forth herein.

Tenant’s Termination Rights. (i) If (A) this Lease In the event that Landlord is not terminated and Landlord fails unable to complete restoration of --------------------------- provide Tenant with additional space in the Premises, base Building systems serving or other Buildings in the same, reasonable means of access to the Premises and the parking areas serving Tenant (collectively, the “Primary Areas”) within the time frames and subject to the conditions set forth in Section 15.1 above, or (B) if the estimated time to complete restoration of the Primary Areas (Silver Lake Executive Campus as provided pursuant in Sections 43 and 44 hereof, Tenant shall have the right and option to the immediately preceding paragraph) exceeds the timeframes set forth in Section 15.1 above, then Tenant may terminate this Lease upon thirty at any time following the sixtieth (3060th ) days’ Lease Month (the "Termination Date") of the initial Lease Term by giving Landlord not less than nine (9) months prior written notice thereof and paying to Landlord; provided, however, that if Landlord completes at the time of the giving of such restoration within thirty (30) days after receipt notice a termination fee equal to the unamortized portion of any such termination notice, such termination notice shall be null and void and this Lease shall continue in full force and effect. (ii) In addition, if Xxxxxxxx’s Mortgagee does not release sufficient insurance proceeds to cover the cost of Landlord’s restoration obligations's Work and brokerage commissions (the "Termination Fee"), then Landlord shall notify Tenant thereofcalculated at an interest rate of ten percent (10%) per annum. If such Tenant gives notice by Landlord does not include an agreement by Landlord of its election to pay for the difference between the cost of such restoration and such released insurance proceeds, then Tenant may terminate this Lease by written notice under this Section 42, but fails to Landlord pay the Termination Fee or fails to vacate the Leased Premises on or before the date that is thirty Termination Date, Landlord shall have the option of treating such failure as either (30a) days after such notice. Event of Default hereunder, (iiib) The remedies set forth in this a rescission of Tenant's notice of termination, or (c) a holdover under Section 15.2 are 4 hereof. In any event, notwithstanding anything herein to the contrary, Tenant shall pay Landlord, as Additional Rent hereunder, all damages, losses, costs and expenses (including reasonable legal fees and expenses) Landlord may have incurred by reason of Tenant’s sole and exclusive rights and remedies based upon Landlord’s 's failure to complete the restoration vacate, including without limitation, any costs or lost profits from any reletting or proposed reletting of the Leased Premises as set forth hereinand Landlord's efforts to regain possession of the Leased Premises.