Tenant Termination Rights Clause Samples

Tenant Termination Rights. If, by reason of an Eviction, 50,000 or more rentable square feet of the Premises are untenantable (A) for reasons other than Force Majeure for sixty (60) or more consecutive days after notice from Tenant to Landlord, (B) for reasons other than Force Majeure for ninety (90) or more days in any consecutive 12-month period (such reference to ninety (90) days being deemed to refer to the number of days that the applicable space is so untenantable after Tenant has given Landlord notice of each occurrence of such untenantability), or (C) as a result of Force Majeure for three hundred sixty five (365) or more consecutive days after notice from Tenant to Landlord (such sixty (60), ninety (90) and three hundred sixty five (365) day periods to be extended for up to an additional ninety (90) days during which time Landlord is diligently prosecuting to cure the cause of such untenantability), then in each such case Tenant may, by notice given to Landlord on or before the earlier to occur of (x) the date that the applicable portion of the Premises is rendered tenantable and (y) the date that is thirty (30) days after the end of such sixty (60), ninety (90) or three hundred sixty five (365) day period (as so extended), as applicable, terminate this Lease. If Tenant timely gives a termination notice in accordance with this Section 8.26, (time being of the essence in connection with such termination notice) this Lease shall terminate on the 20th day after such notice is given by ▇▇▇▇▇▇ and Tenant shall vacate the Premises and surrender the same to Landlord in the same manner required for surrender of the Premises on the Expiration Date in accordance with the terms of this Lease. Upon any such termination, Tenant’s liability for Fixed Rent and Additional Charges hereunder with respect to the Premises shall cease as of the date of such termination, and any prepaid portion of Rent with respect to the Premises for any period after such date shall be refunded by Landlord to Tenant within thirty (30) days after Landlord receives Tenant’s termination notice. In the event of any termination of this Lease under. this Section 8.26, Tenant shall pay to Landlord the amount, if any, due in accordance with Section 7.06 above. Any notice given by Tenant pursuant to this Section 8.26 as to the occurrence of an Eviction which renders all or a portion of the Premises untenantable shall not be effective unless such notice expressly states that such notice is being given pursuant to this Se...

Tenant Termination Rights. In the event a Lease Commencement Date as provided in Subsection 3.a.ii above does not occur within three months following the Lease Commencement Date specified in Subsection 1.e, Tenant may terminate this Lease by written notice to Landlord not later than ten (10) days following the end of such three-month period.

Tenant Termination Rights. In the event of such Casualty, Landlord shall endeavor to provide Tenant written notice of its estimated time to complete any necessary repair and restoration to the Leased Premises and the Common Areas of the Building within ninety (90) days following such Casualty. In such case, Tenant, by written notice to Landlord within thirty (30) days after receipt of such notice (provided, such period shall be extended for any delays in Landlord’s delivery of the repair and restoration estimate), shall have the right to terminate this Lease by written notice to Landlord if: (1) the Leased Premises have been materially damaged and there is less than two (2) years of the Lease Term remaining on the date of the Casualty; or (2) the Leased Premises are totally damaged or are rendered wholly untenantable, and Landlord’s estimated time to complete the repair and restoration of the Leased Premises and Common Areas is longer than two hundred ten (210) days from the date of such Casualty. In addition, Tenant, by written notice to Landlord prior to the date that Landlord actually completes the repair and restoration of the Leased Premises and Common Areas of the Building to an extent that same are tenantable by Tenant, shall have the right to terminate this Lease by written notice to Landlord if such repair and restoration is not completed within one hundred eighty (180) days following the date Landlord delivers its repair and restoration estimate (provided, such period shall be extended for any delays incurred due to Force Majeure Matters). If this Lease is so terminated, (a) the Lease Term shall expire upon the date set forth in Tenant’s notice, which shall not be less than thirty (30) days after such notice is given, and Tenant shall vacate the Leased Premises and surrender the same to Landlord no later than the date set forth in the notice, (b) Tenant’s liability for Rent shall cease as of the date of the Casualty, (c) any prepaid rental amounts for any period after the date of the Casualty shall be refunded by Landlord to Tenant, and (d) Landlord shall be entitled to collect all insurance proceeds of policies held by Landlord or Tenant providing coverage for alterations and other improvements to the Leased Premises. Landlord shall retain such proceeds from Tenant’s insurance only to the extent that Landlord performed or paid for covered alterations and improvements, whether by contribution, offset or otherwise, and the balance of such proceeds, if any, shall be paid to ...

Tenant Termination Rights. Notwithstanding the foregoing, in the event of a Long Term Restoration or a Short Term Casualty, Tenant may, at its option, elect to terminate this Lease upon written notice given to Landlord within ninety (90) days following discovery of such Casualty damage or destruction.

Tenant Termination Rights. If Landlord is unable to deliver possession of the Premises to Tenant on the Commencement Date as a result of causes beyond its reasonable control, Landlord shall not be liable for any damage caused by failing to deliver possession and this Lease shall not be void or voidable. Tenant shall not be liable for Rent until Landlord delivers possession of the Premises to Tenant. No delay in delivery of possession of the Premises to Tenant shall change the Expiration Date or operate to extend the Term. If Landlord does not deliver possession of the Premises to Tenant within thirty (30) days of the Commencement Date, then Tenant may elect to terminate this Lease by giving notice to Landlord within thirty (30) days following the end of such thirty (30) day period.

Tenant Termination Rights. If all of the Casualty Conditions are satisfied and either the repairs cannot, in the reasonable opinion of Landlord, be completed within one hundred eighty (180) days after being commenced or the damage occurs during the last twelve (12) months of the Lease Term, Tenant may elect, no earlier than sixty (60) days after the date of the damage and not later than ninety (90) days after the date of such damage, to terminate this Lease by written notice to Landlord effective as of the date specified in the notice, which date shall not be less than thirty (30) days nor more than sixty (60) days after the date such notice is given by ▇▇▇▇▇▇. In the event this Lease is terminated in accordance with the terms of this Section 11.3, Tenant shall assign to Landlord (or to any party designated by Landlord) all insurance proceeds payable to Tenant under Tenant’s insurance required under items (ii) and (iii) of Section 10.3.2 of this Lease.

Tenant Termination Rights. In the event the Premises are not ------------------------- ready for Tenant's occupancy within sixty (60) days after the Commencement Date specified in the Basic Lease Information, because of the holding over or retention of possession by any tenant, subtenant or occupant, or because of the fact that a temporary or permanent certificate of occupancy has not been procured, or because the Premises are not ready for occupancy for any other reason, Tenant may terminate this Lease by written notice if Tenant is not responsible for the delay; and provided, however, that such time period may at Landlord's sole option be extended by any period, not to exceed ninety (90) days after the Commencement Date specified in the Basic Lease Information for delays due to an occurrence of any of the events of force majeure described in Section 31.5, casualties, acts of God, strikes, shortages of labor or materials or other causes beyond the reasonable control of Landlord. If the Premises are not ready for Tenant's occupancy within such time period including any extension, this Lease shall be deemed null and void and all rights and obligations of the parties shall terminate, and Landlord shall not be subject to any liability therefor. Termination under this Section 30.3 shall be Tenant's sole remedy and Tenant shall have no other rights or claims hereunder at law or in equity except that Landlord shall return to Tenant promptly after any termination any Rent deposited previously with Landlord.

Tenant Termination Rights. Provided that there does not then exist any Event of Default and Tenant had then been operating a gaming facility on the Premises, Tenant shall have the right to terminate this Lease (the “Early Termination Right”) in the event that Tenant loses its right to lawfully operate a gaming facility on the Premises, other than as a result of the negligence or willful action of Tenant, ▇▇▇▇▇ or any of their affiliated entities. In order to exercise the Early Termination Right, Tenant must (i) provide written notice to Landlord within one (1) year of the date Tenant loses its right to operate the gaming facility, (ii) provide evidence of the express written consent of each Leasehold Mortgagee (as hereinafter defined) to such termination, and (iii) and pay to Landlord, along with a copy of the foregoing notice, a termination fee of [*****] ($[*****]) (the “Early Termination Fee”); whereupon, this Lease shall terminate on the date set forth in the foregoing notice.

Tenant Termination Rights. Notwithstanding anything to the contrary in this Lease, Tenant shall have the right to terminate this Lease before the end of the Term upon any one of the following occurrences: 25.3.1 If Tenant, despite its good faith efforts to secure permits for the Rehabilitation, is not issued all required permits for such project within five (5) years after the Commencement Date; 25.3.2 If, after Substantial Completion, there is an Unavoidable Delay other than a Loss on the Premises occurs which prevents Tenant from being able to use the Premises for the Permitted Use for a period of more than twenty-four (24) consecutive months; 25.3.3 If an Unavoidable Delay that is a Loss on the Premises occurs during the last five