Right to Terminate Lease. Lessors or Lessee may terminate this agreement at any time by written notice 60 days prior to termination. Any individual tract owner at any time will have the right to cancel the lease on part or all of his property by constructing fencing that meets local standards and specifications for fencing in Xxxxxxx County and then giving Lessee thirty (30) days advance written notice that the owner wishes to withdraw his property from this lease.
Right to Terminate Lease. Tenant shall give immediate notice to Landlord in case of fire or other casualty in the Premises. If (a) so much of the Building is damaged or rendered untenantable (whether or not the Unit or the Premises or a portion thereof shall be damaged) by fire or other cause that the owners of the condominium units in the Condominium elect not to restore the Building or to demolish the remainder thereof; or (b) if the Unit or the Premises shall suffer damage or be rendered untenantable by fire or other casualty (i) such that such portion of the Unit or the Premises cannot (based on the report of an independent architect or engineer) be reasonably expected to be restored or rendered tenantable under a normal working schedule within a period of twelve (12) months after the occurrence of such damage or destruction or (ii) that each Overlandlord and Mortgagee will not permit Landlord or the Board to apply the net proceeds of Landlord’s insurance or the Board’s insurance, as applicable, to the restoration of the Unit, the Building or the Premises, as the case may be, then and in any such event Landlord shall have the right to terminate this Lease by notice to Tenant given within ninety (90) days of the occurrence of such fire or other casualty; provided that, in the event of either the foregoing clauses (b)(i) or (b)(ii) Landlord also terminates the leases of at least fifty percent (50%) of tenants similarly affected by the casualty. If either (y) the Premises shall be totally or substantially damaged or rendered wholly or substantially untenantable and/or Tenant reasonably determines that it cannot conduct its business in the remainder of the Premises in substantially the same manner as prior to such damage or destruction (whether or not any other portions of the Unit or the Building shall be damaged) or (z) the Unit or the Building shall be substantially damaged, so that Tenant’s access to and use and enjoyment of the Premises shall be rendered substantially impaired, whether or not the Premises shall be damaged, and in case of either (y) or (z) based on the report of an independent architect or engineer the same cannot reasonably be expected to be restored or rendered tenantable under a normal working schedule within a period of twelve (12) months after the occurrence of such damage or destruction, then Landlord shall promptly notify Tenant of such fact, and within thirty (30) days thereafter Tenant may terminate this Lease by notice to Landlord. If during the last ...
Right to Terminate Lease. If a substantial portion or all of the Premises or the Building is damaged as a result of fire or other casualty (a "Casualty"), and (i) the Premises are (a) rendered wholly untenantable, or (b) damaged as a result of any cause which is not covered by Landlord's insurance, or (c) damaged or destroyed in whole or in part during the last three (3) years of the term hereof, or (d) the cost of replacement of the Premises shall exceed fifty percent (50%) of the then insured value thereof; or (ii) the Building shall be so substantially damaged that it is reasonably necessary in Landlord's sole judgment to demolish the Building for the purpose of reconstruction; or (iii) the Building is damaged to the extent of fifty percent (50%) or more of Landlord's Floor Area or fifty percent (50%) of the then insured value of the Building, then, in any of such events, Landlord may elect to terminate this Lease by giving Tenant notice of such election within one hundred twenty (120) days after the occurrence of such event. If such notice is given, the rights and obligations of the parties shall cease as of the date of such notice, and all rental amounts (other than any Additional Rent due Landlord by reason of Tenant's failure to perform any of Tenant's obligations hereunder) shall be adjusted as of the date of such termination.
Right to Terminate Lease. Upon the occurrence of an Event of Default hereunder, Landlord may terminate Xxxxxx’s right to possession of the Premises by any lawful means in which case this Lease and the term hereof shall terminate and Tenant shall immediately surrender possession of the Premises to Landlord. In such event, Landlord shall be entitled to recover from Tenant all sums allowed under California Civil Code Section 1951.2, including, without limitation, the following:
Right to Terminate Lease. Lessors or Lessee may terminate this agreement at any time by written notice 60 days prior to termination. Any individual tract owner at any time will have the right to cancel the lease on part or all of his property by constructing fencing that meets local standards and specifications for fencing in Xxxxxxx County and then giving Lessee thirty (30) days advance written notice that DocuSign Envelope ID: 8D1E47C7-A9D0-4675-8AFA-7E7664DBED6C DocuSign Envelope ID: 8D1E47C7-A9D0-4675-8AFA-7E7664DBED6C the owner wishes to withdraw his property from this lease.
Right to Terminate Lease. Tenant shall have a one-time right to terminate and cancel this Lease effective upon the expiration of the 60th month of the Lease subject to the following conditions:
Right to Terminate Lease. The Landlord may terminate the Lease if:
Right to Terminate Lease. Lessors or Lessee may terminate this agreement at any time by written notice 60 days prior to termination. Any individual tract owner at any time will have the right to cancel the lease on part or all of his property by DocuSign Envelope ID: 9190C1AC-9EE7-416C-B833-2E6D84673B77 DocuSign Envelope ID: 9190C1AC-9EE7-416C-B833-2E6D84673B77 constructing fencing that meets local standards and specifications for fencing in Xxxxxxx/Xxxxxx County and then giving Lessee thirty (30) days advance written notice that the owner wishes to withdraw his property from this lease.
Right to Terminate Lease. Notwithstanding the terms of Paragraph 8(b) above, if possession of the Premises is not delivered to Tenant on or before December 31, 1997 ("TERMINATION OPTION DATE"), Tenant's sole remedy shall be the option to terminate this Lease by the delivery to Landlord of written notice within ten (10) days after the Termination Option Date. If Tenant fails to deliver such notice to Landlord in a timely manner as provided herein, Tenant's right to terminate this Lease shall be null and void and of no further force or effect. Tenant shall not be entitled to terminate or cancel this Lease for any delay in delivery of the Premises prior to the Termination Option Date.
Right to Terminate Lease. Tenant shall have the rights to terminate the Lease in the sixty-first (61st) month of the Lease Term upon the following terms and conditions: The termination right shall be effective if and only if (i) Tenant provides Landlord with not less than six months prior notice of its election to terminate the Lease which notice shall specify the exact date in the sixty-first (61st), month of the Lease Term on which the termination shall occur ("the Termination Date") and (ii) in addition to all other Rent due and payable hereunder to and including the Termination Date, Tenant pays to Landlord on or before the Termination Date a termination fee in the amount of (a) three hundred thousand dollars ($300,000) and (b) ninety-eight thousand, six hundred fifty-six dollars ($98,656) representing a portion of the leasing commissions paid by Landlord in connection with the Lease.
