Work in Last Three Years of Lease. Provided the Tenant has made all repairs to the Demised Premises, in a manner a prudent owner would make, during the term of this Lease, should the Tenant, be required to effect any Work during the last three (3) years of the Term, the economically useful life of which would extend beyond the expiry of the Term, the Landlord and the Tenant may agree to terminate this Lease, or require the Tenant to proceed with the repair or replacement and, only if this Lease is not renewed and upon expiry, any unamortized amount of such repair or replacement for the period beyond the expiry of the Term will be reimbursed to the Tenant. The calculation of the unamortized amount will be based on straight line amortization of the costs of such repair or replacement over the improvements’ economic life, in the opinion of the Landlord acting reasonably.
Work in Last Three Years of Lease. Provided the Subtenant has made all repairs to the Demised Premises, in a manner a prudent owner would make, during the term of this Sublease, should the Subtenant, be required to effect any Work during the last three (3) years of the Term, the economically useful life of which would extend beyond the expiry of the Term, the Sublandlord and the Subtenant may agree to terminate this Sublease, or require the Subtenant to proceed with the repair or replacement and, only if this Sublease is not renewed and upon expiry, the Sublandlord shall reimburse to the Subtenant any unamortized amount of such repair or replacement for the period beyond the expiry of the Term. The calculation of the unamortized amount will be based on straight line amortization of the costs of such repair or replacement over the improvements’ economic life, in the opinion of the Sublandlord acting reasonably.
