Landlord Options Sample Clauses
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Landlord Options. If a "Work Letter Draw Event" occurs, Landlord shall have the following rights and remedies, any of which Landlord may elect to pursue in Landlord's sole discretion at any time after such Draw Event (subject to the limitations set forth in (B) below):
(A) Landlord may, at Landlord's sole option and without any obligation to do so, and without waiving or releasing Tenant from any obligations of Tenant under this Work Letter or under the Lease, perform any of Tenant's obligations under this Work Letter, at Tenant's cost and expense. At any time after a Work Letter Draw Event occurs, Landlord or the Beneficiary, at its option, may present its written demand for payment of the entire face amount of the TI Letter of Credit and the funds so obtained shall become due and payable to the Beneficiary, and funds so obtained may be used, at Landlord's sole option, (A) to reimburse Landlord for costs incurred by Landlord in connection with performance of Tenant's obligations pursuant to this Paragraph 13(d)(ii)(A); and/or (B) to complete all, or such portion as Landlord may elect, of the Tenant Improvements and/or Warm Shell Improvements contemplated by this Work Letter or, in lieu of all or any portion thereof, any other improvements or alterations to the Premises; and/or (C) to compensate Landlord for damages incurred, or to reimburse Landlord as provided herein, in connection with or as a result of any Work Letter Draw Event. Landlord or the Beneficiary may make partial draws on the TI Letter of Credit as needed to pay for the Tenant Improvements and/or Warm Shell Improvements or any other improvements or alterations to the Premises, and/or to reimburse Landlord for costs incurred with respect to performance of Tenant's obligations under this Work Letter, and/or to compensate Landlord for damages incurred with respect to or as a result of any Work Letter Draw Event.
(B) Subsequent to, in addition to and/or in lieu of Landlord's remedy set forth in Paragraph 13(d)(ii)(A) above and any other remedies available to Landlord under this Work Letter, the Lease and/or applicable Laws, Landlord may terminate the Lease and this Work Letter, and present (or cause the Beneficiary to present) its written demand for payment of the entire face amount of the TI Letter of Credit at any time after either (I) a Work Letter Draw Event set forth in clause (I), (II), (III) or (IV) occurs; or (II) any other Work Letter Draw Event has occurred, Landlord has delivered written notice to Tena...
Landlord Options. In the event that Tenant fails to comply with the requirements of this Article 23, after notice to Tenant and the earlier of the expiration of any applicable cure period hereunder, or the expiration of the cure period permitted under the Relevant Environmental Laws, if any, or such earlier time if Landlord determines that life, person or property is in jeopardy, Landlord may, but shall not be obligated to, exercise its right to do one or more of the following: (a) declare that such failure constitutes a default; and/or (b) take any and all actions, at Tenant’s expense, that Landlord reasonably deems necessary or desirable to cure said failure of compliance. Any costs incurred pursuant to this Section 23.04 shall become immediately due and payable by Tenant together with the applicable Administrative Fee, and shall be paid or reimbursed to Landlord promptly upon written notice from Landlord.
Landlord Options. Upon the occurrence of an event of default, Landlord shall have the option to do and perform any one or more of the following, in addition to, and not in limitation of, any other right or remedy available to Landlord at law or in equity or elsewhere under the Lease.
Landlord Options. The Option to Terminate as specified in the 4th Amendment is deleted in its entirety and replaced with the following: Option to Terminate: Landlord shall have the option to terminate the Lease. In the event that Landlord elects to exercise this Option to Terminate, Landlord shall provide eleven (11) months advance written notice to Tenant. Tenant shall vacate the Leased Premises on or before the end of the eleven (11) month period. Tenant shall be responsible for leaving the Leased Premises in good order, condition and repair subject to normal wear and tear; but shall not be responsible for preparing the Leased Premises for subsequent tenants use such as recarpeting or repainting of the Leased Premises. The lease shall terminate as of the date Tenant vacates the Leased Premises. In the event that Landlord exercises this Option to Terminate, Landlord will grant to Tenant a rental abatement of the Basic Annual Rent for the last two (2) months of the term of the Lease.
Landlord Options. Landlord (ý does) (o does not) hold an option to purchase; the leasehold estate or to cancel the lease upon the happening of certain events or by giving the Tenant notice of cancellation.
Landlord Options. If the Premises are destroyed in whole or in part from any cause, Landlord may, at its sole option:
13.1.1. Rebuild or restore the Premises to their condition prior to the damage or destruction; or
13.1.2. Terminate the Lease, provided Landlord terminates all other leases of the Building.
Landlord Options. Upon the occurrence of an Event of Default, Landlord may, at its option, consecutively or simultaneously without notice or demand, do and perform any one or more of the following, in addition to and not in limitation of, any other right or remedy available to Landlord at law or in equity or elsewhere under the Lease.
(a) Bring Suit for Damages: Landlord may bring suit for damages or specific performance for the collection of unpaid Rent or the performance of any of Tenant’s obligations, all either with or without entering into possession or Page 12 of 27 LL Initials: T Initials: terminating this Lease.
(b) Terminate: Landlord may, at its option, give Tenant written notice terminating this Lease on a date not less than three (3) business days after Landlord gives such notice, and upon such date, this Lease shall terminate, and all rights of Tenant shall cease without further notice or lapse of time, Tenant hereby waiving all statutory rights, including rights of redemption, if any. Upon termination of this Lease, ▇▇▇▇▇▇ shall immediately surrender the Premises to the Landlord in accordance with the terms of this Lease. Tenant’s liability hereunder shall survive such termination, and ▇▇▇▇▇▇ shall indemnify and hold Landlord harmless from all claims, losses, costs, expenses, damages, or liabilities arising out of or in connection with such termination.
(c) Enter: Subject to compliance with applicable laws, Landlord may re-enter and take possession of the Premises or any part thereof in the name of the whole and repossess the same as of the Landlord’s former estate and expel the Tenant and those claiming through or under the Tenant and remove the effects of both or either (forcibly, if necessary) without being deemed guilty or any manner of trespass and without prejudice to any remedies for arrears of rent or preceding breach of covenants.