Common use of Lessee’s Right to Terminate Lease Clause in Contracts

Lessee’s Right to Terminate Lease. The Lessee may terminate this Lease by notice to the Lessor if: (a) the Lessor notifies the Lessee under clause 20.1(b) that the estimated time to rebuild the Building exceeds three (3) months from the date of the damage; (b) the Lessor gives a notice under clause 20.1(b) and the strata company does not restore or reinstate the Building or make the Premises fit for use by the Lessee within the estimated time and continues to fail to restore or reinstate the Premises or the Building so as to make the Premises fit for use within one (1) month after the Lessee gives to the Lessor a notice of intention to terminate this Lease; (c) the Lessor does not comply with clause 20.1; or (d) the Premises remain unfit for occupation and use for a period of at least three (3) months.

Lessee’s Right to Terminate Lease. The Lessee may terminate this Lease by notice to the Lessor if: (a) the Lessor notifies the Lessee under clause 20.1(b20.1 (b) that the estimated time to rebuild the Building exceeds three (3) months from the date of the damage; (b) the Lessor gives a notice under clause 20.1(b) and the strata company does not restore or reinstate the Building or make the Premises fit for use by the Lessee within the estimated time and continues to fail to restore or reinstate the Premises or the Building so as to make the Premises fit for use within one (1) month after the Lessee gives to the Lessor a notice of intention to terminate this Lease; (c) the Lessor does not comply with clause 20.1; or20.1;or (d) the Premises remain unfit for occupation and use for a period of at least three (3) months.

Lessee’s Right to Terminate Lease. The Lessee may terminate this Lease by notice to the Lessor if: (a) the Lessor notifies the Lessee under clause 20.1(b) that the estimated time to rebuild the Building exceeds three (3) months from the date of the damage; (b) the Lessor gives a notice under clause 20.1(b) and the strata company does not restore or reinstate the Building or make the Premises fit for use by the Lessee within the estimated time and continues to fail to restore or reinstate the Premises or the Building so as to make the Premises fit for use within one (1) month after the Lessee gives to the Lessor a notice of intention to terminate this Lease; (c) the Lessor does not comply with clause 20.1; or (d) the Premises remain unfit for occupation and use for a period of at least three (3) months.