Common use of Landlord's and Tenant's Rights Clause in Contracts

Landlord's and Tenant's Rights. Xx x material portion of the Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred eighty (180) days after the date of casualty, then Landlord may, at its expense, relocate Tenant to similar office space within any Comparable Building owned or under the control of Landlord. Landlord shall notify Tenant of its intention to do so in the Damage Notice. Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until relocation. Such relocation may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) days after Landlord has delivered the Damage Notice to Tenant. If Landlord does not elect to relocate Tenant following such Casualty, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then (subject to Landlord's rights under Section 14.(c)) Landlord shall repair the Building or the Premises, as the case may be, as provided below. Upon the occurrence of a Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of the repair or until such termination.

Appears in 2 contracts

Samples: Lease Agreement (Catalog Com Inc), Lease Agreement (Catalog Com Inc)

AutoNDA by SimpleDocs

Landlord's and Tenant's Rights. Xx x If a material portion of the Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred eighty fifty (180150) days after the date of casualty, then Landlord may, upon Tenant's written consent, which consent is in Tenant's sole discretion and shall be deemed denied if not given within ten business days of Landlord's written election, at its Landlord's expense, relocate Tenant to similar office space which is comparable in size (but in no event less Rentable Square Feet than the Premises), utility and condition to the Premises within any Comparable Building owned or under the control of Landlord. Landlord shall notify Tenant of its intention to do so in the Damage Notice. Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until relocation. Such relocation may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty twenty (180120) days after Landlord has delivered the Damage Notice to Tenant. If Landlord does not elect to relocate Tenant following such CasualtyCasualty or Tenant does not consent to such relocation, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then (subject to Landlord's rights under Section 14.(c)) Landlord shall repair the Building or the Premises, as the case may be, as provided below. Upon the occurrence of a Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of the repair or until such termination. Notwithstanding the forgoing, Tenant shall not be entitled to any abatement of rent or terminate the Lease if said Casualty is caused by the gross negligence or willful misconduct of Tenant.

Appears in 1 contract

Samples: Lease Agreement (Nucentrix Broadband Networks Inc)

Landlord's and Tenant's Rights. Xx x If a material portion of the Premises Premises, the Retail Parcel, any New Parcels, or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Casualty Casualty, and Landlord estimates that the damage caused thereby cannot be repaired within one two hundred eighty seventy (180270) days after the date of casualty, then Landlord may, at its expense, relocate Tenant to similar office space within any Comparable Building owned or under the control of Landlord. Landlord shall notify Tenant of its intention to do so in the Damage Notice. Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until relocation. Such relocation may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) days after Landlord has delivered the Damage Notice to Tenant. If Landlord does not elect to relocate Tenant following such Casualty, then either Tenant or Landlord may terminate this Lease by delivering written notice to Landlord the other of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant. If Landlord does not relocate Tenant and Tenant does not so timely terminate this Lease, then (subject to Landlord's rights under Section 14.(c)13.3) Landlord shall repair (or cause the repair of) to a similar condition existing immediately prior to the date of such damage to the Retail Parcel, the Premises or any New Parcels and exercise its best efforts to cause the repair of the other portions of the Building or (to the Premisesextent permitted), as the case may be, as provided below. Upon the occurrence of a Casualty, and Rent for the portion of the Premises rendered untenantable and not used by Tenant or inaccessible by the damage shall be abated on a reasonable basis prorata basis, in proportion to the amount of untenantable and not used by Tenant or inaccessible space, from the date of damage until the completion of the repair or until repair, unless Tenant caused such terminationdamage, in which case, Tenant shall continue to pay Rent, without abatement, to the extent Landlord does not receive rent loss insurance proceeds with respect thereto. Tenant shall have right to terminate if Landlord estimates it will take less than 270 days but Landlord's repairs take longer than 270 days; provided, however, that Tenant's termination right pursuant to this sentence shall terminate if not exercised by written notice to Landlord within thirty (30) days after the 300th day. Any such termination notice shall be void if Landlord completes the repairs within thirty (30) days after receipt thereof, unless Tenant has signed a long-term lease for other premises and has, after such 270th day, given Landlord at least fifteen (15) days written notice of its intent to execute such a lease in which case the termination notice will be effective upon Tenant's execution of such a long-term lease if the repairs are not complete before signing of such lease, but no sooner than the expiration of such fifteen (15) day period.

Appears in 1 contract

Samples: Lease Agreement (Privatebancorp Inc)

Landlord's and Tenant's Rights. Xx x If a material portion po11ion of the Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred eighty (180) days after the date commencement of casualtyrepair, then Landlord may, at its expense, relocate Tenant to similar office space within any Comparable Building owned or under reasonably comparable to the control of Landlord. Premises, provided that Landlord shall notify notifies Tenant of its intention to do so in the Damage Notice. Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until relocation. Such relocation may be for a portion po11ion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) days after Landlord has delivered the Damage Notice to Tenant. If Landlord does not elect to relocate Tenant following such Casualty, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then (subject to Landlord's rights under Section 14.(c15.(c)) Landlord shall repair the Building or the Premises, as the case may be, as provided below. Upon the occurrence of a Casualty, and Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of the repair or until repair, unless Tenant caused such terminationdamage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Lease Agreement (ClearSign Technologies Corp)

Landlord's and Tenant's Rights. Xx x If a material portion of the Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred eighty (180) 180 days after the date commencement of casualtyrepair, then Landlord may, at its expense, relocate Tenant to similar office space within any Comparable Building owned or under reasonably comparable to the control of Landlord. Premises and reasonably acceptable to Tenant, provided that Landlord shall notify notifies Tenant of its intention to do so in the Damage Notice. Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until relocation. Such relocation may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) 180 days after Landlord has delivered the Damage Notice to Tenant. If Landlord does not elect to relocate Tenant following such Casualty, or if the new premises is not reasonably acceptable to Tenant, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) 30 days after the Damage Notice has been delivered to TenantTenant and Rent shall be apportioned from the date of such Casualty. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then (subject to Landlord's rights under Section 14.(c)15.c) Landlord shall repair the Building or the Premises, as the case may be, as provided below. Upon the occurrence of a Casualty, and Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of the repair or until repair, unless Tenant caused such terminationdamage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Lease (Daleen Technologies Inc)

AutoNDA by SimpleDocs

Landlord's and Tenant's Rights. Xx x If a material portion of the Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred eighty (180) days after the date of casualty, then Landlord may, at its sole expense, relocate Tenant to similar office space within any Comparable Building owned or under the control of Landlord. Landlord shall notify Tenant of its intention to do so in the Damage Notice. Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until relocation. Such relocation may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) days after Landlord has delivered the Damage Notice to Tenant. If Landlord does not elect to relocate Tenant following such Casualty, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then (subject to Landlord's rights under Section 14.(c)) Landlord shall repair the Building or the Premises, as the case may be, as provided below. Upon the occurrence of a Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of the repair or until such termination.

Appears in 1 contract

Samples: Lease Agreement (ReachLocal Inc)

Landlord's and Tenant's Rights. Xx x If a material portion of the Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred eighty (180) days after the date of casualty, then Landlord may, at its sole expense, relocate Tenant to similar office space within any Comparable Building owned or under the control of Landlord. Landlord shall notify Tenant of its intention to do so in the Damage Notice. Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until relocation. Such relocation may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) days after Landlord has delivered the Damage Notice to Tenant. If Landlord does not elect to relocate Tenant following such Casualty, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then (subject to Landlord's ’s rights under Section 14.(c)) Landlord shall repair the Building or the Premises, as the case may be, as provided below. Upon the occurrence of a Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of the repair or until such termination.

Appears in 1 contract

Samples: Lease Agreement (ReachLocal Inc)

Landlord's and Tenant's Rights. Xx x If a material portion of the Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred eighty (180) 180 days after the date commencement of casualtyrepair, then Landlord may, at its expense, relocate Tenant to similar office space within any Comparable Building owned or under reasonably comparable to the control of Landlord. Premises, provided that Landlord shall notify notifies Tenant of its intention to do so in the Damage Notice. Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until relocation. Such relocation may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) 180 days after Landlord has delivered the Damage Notice to Tenant. If (i) Tenant is prevented from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Casualty, (ii) Landlord estimates that the damage caused thereby cannot be repaired within 180 days after the commencement of repair, and (iii) Landlord does not elect to relocate Tenant following such Casualty, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then (subject to Landlord's rights under Section 14.(c)15c.) Landlord shall repair the Building or the Premises, as the case may be, as provided below. Upon the occurrence of a Casualty, Rent and Basic Rental for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of the repair or until such termination.repair. c.

Appears in 1 contract

Samples: Office Lease Agreement (ReoStar Energy CORP)

Time is Money Join Law Insider Premium to draft better contracts faster.