Landlord Option Sample Clauses

Landlord Option. (This paragraph deleted)
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Landlord Option. Notwithstanding any provision contained herein, at any time during the Lease Term where (or its Affiliate) is the Lessor hereunder, upon written notification to Lessee, Lessor may elect, in its sole discretion, to amend any of the Other Leases to include all (but not less than all) of the Properties in such Other Lease. In such event, Lessee shall cooperate with Lessor in executing an amendment to such Other Lease and any other related documents reasonably requested by Lessor to (a) modify the definition of “Properties” as defined in such Other Lease to include the Properties; (b) increase the Base Annual Rental as defined in such Other Lease to reflect the inclusion of the Properties; (c) terminate any and all obligations under this Lease from and after the date of such amendment of the Other Lease; and (d) make such other changes reasonably deemed necessary by Lessor to reflect the addition of the Properties to such Other Lease, so long as the collective rights and entitlements of Lessee after the effective date of such amendments are not less than, and the collective obligations of Lessee after the effective date of such amendments are not greater than, those contained within this Lease and such Other Lease prior to the effective date of such amendments. Lessor shall reimburse the reasonable third party out-of-pocket costs and expenses incurred by Lessee in connection with this Section 2.03 to the extent that such costs and expenses are in excess of the costs and expenses Lessee may otherwise incur in connection with the performance of its obligations under this Lease.
Landlord Option 

Related to Landlord Option

  • Landlord’s Options Landlord shall have the option, exercisable by written notice delivered to Tenant within thirty (30) days after Landlord's receipt of a Transfer Notice accompanied by the other information described in Section 12.01, to: (a) permit Tenant to Transfer the Premises; or (b) disapprove the Tenant's Transfer of the Premises and to continue the Lease in full force and effect as to the entire Premises. (c) if the Tenant proposes to sublease more than fifty (50%) percent of the rentable square footage, terminate the Lease as to the portion of the Premises affected by the Transfer as of the date set forth in Landlord's notice of exercise of such option, which date shall not be less than thirty (30) days nor more than ninety (90) days following the giving of such notice. If Landlord exercises its option to terminate this Lease (or in the case of a partial sublet to release Tenant with respect to a portion of the Premises), Tenant shall surrender possession of such Premises on the date set forth in Landlord's notice, and thereafter neither Landlord nor Tenant shall have any further liability with respect thereto. If this Lease shall be terminated as to a portion of the Premises only, Rent and Tenant's parking allocation shall be readjusted proportionately according to the ratio that the number of square feet and the portion of the space surrendered compares to the floor area of Tenant's Premises during the Term of the proposed sublet. The provisions of this section shall not apply to a sublease or assignment of all or any portion of the Premises to an entity affiliated with and under the common control of Tenant ("Affiliated Entity").

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