Common use of Tenant’s Election Clause in Contracts

Tenant’s Election. Notwithstanding anything to the contrary contained in this Paragraph 15, Tenant may elect to terminate this Lease in the event the Premises are damaged or destroyed and, in the reasonable opinion of Landlord's architect or construction consultants, the restoration of the Premises cannot be substantially completed within one hundred eighty (180) days after the event of damage or destruction. Tenant's election shall be made by written notice to Landlord within twenty (20) days after Tenant receives from Landlord the estimate of the time needed to complete repair or restoration of the Premises. If Tenant does not deliver said notice within said twenty (20) day period, Tenant may not later terminate this Lease even if substantial completion of the rebuilding or restoration occurs subsequent to said one hundred eighty day period, provided that Landlord is proceeding with diligence to rebuild or restore the Premises. The preceding sentence to the contrary notwithstanding, if such rebuilding or restoration is not completed within two hundred forty (240) days following the event of damage or destruction, then Tenant shall be allowed to terminate this Lease (even if Landlord is proceeding with diligence to rebuild or restore the Premises) by delivering written notice to Landlord within twenty (20) days following such two hundred forty (240) day period. If Tenant delivers said notice within said twenty (20) day period, this Lease shall terminate as of the date of the event of damage or destruction.

Tenant’s Election. Notwithstanding anything to the contrary contained in this Paragraph 15Article 11, Tenant may elect to terminate this Lease in the event the Premises are damaged or destroyed and, in the reasonable opinion of Landlord's architect or construction consultantsconsultant, the repair or restoration of the Premises cannot be substantially completed within three hundred sixty (360) days, or cannot be commenced within one hundred eighty (180) days after following the event of damage or destruction. TenantXxxxxx's election shall be made by written notice to Landlord given within twenty ten (2010) days after Tenant receives following Xxxxxx's receipt from Landlord of the estimate of the time needed required to complete the repair or restoration of the PremisesPremises which Landlord shall deliver within thirty (30) days after the occurrence of the event of damage or destruction. If Tenant does not deliver said such notice within said twenty (20) such ten-day period, Tenant may not later terminate this Lease even if substantial completion of the rebuilding or restoration occurs subsequent to said one hundred eighty such 360-day period, provided that Landlord is proceeding with diligence to rebuild or restore the Premises. The preceding sentence to the contrary notwithstanding, if Premises and has commenced such rebuilding or and restoration is not completed within two hundred forty (240) days following the event of damage or destruction, then Tenant shall be allowed to terminate this Lease (even if Landlord is proceeding with diligence to rebuild or restore the Premises) by delivering written notice to Landlord within twenty (20) days following such two hundred forty (240) 180-day periodperiod provided for above. If Tenant delivers said such notice within said twenty (20) such ten-day period, this Lease shall terminate as of the date of occurrence of the event of damage or destruction.

Tenant’s Election. Notwithstanding anything to the contrary contained in this Paragraph 15, Tenant may elect to terminate this Lease in the event the Premises are damaged or destroyed and, in the reasonable opinion of Landlord's architect or construction consultants, the restoration of the Premises cannot be substantially completed within one hundred eighty (180) days after the event of damage or destruction. Tenant's election shall be made by written notice to Landlord within twenty (20) days after Tenant receives from Landlord the estimate of the time needed to complete repair or restoration of the Premises. If Tenant does not deliver said notice within said twenty (20) day period, Tenant may not later terminate this Lease even if substantial completion of the rebuilding or restoration occurs subsequent to said one hundred eighty (180) day period, provided that Landlord is proceeding with diligence to rebuild or restore the Premises. The preceding sentence to the contrary notwithstanding, if such rebuilding or restoration is not completed within two hundred forty (240) days following the event of damage or destruction, then Tenant shall be allowed to terminate this Lease (even if Landlord is proceeding with diligence to rebuild or restore the Premises) by delivering written notice to Landlord within twenty (20) days following such two hundred forty (240) day period. If Tenant delivers said notice within said twenty (20) day period, this Lease shall terminate as of the date of the event of damage or destruction.

Tenant’s Election. Notwithstanding anything to the contrary contained in this Paragraph 15, Tenant may elect to terminate this Lease in the event the Premises are damaged or destroyed and, in the reasonable opinion of Landlord's ’s architect or construction consultants, the restoration of the Premises cannot be substantially completed within one two hundred eighty ten (180210) days after the event of damage or destructiondestruction (and such notice shall provide the later date by which such architect or consultant estimates the restoration to be complete). Tenant's ’s election shall be made by written notice to Landlord within twenty (20) days after Tenant receives from Landlord the estimate of the time needed to complete repair or restoration of the Premises. If Tenant does not deliver said notice within said twenty (20) day period, Tenant may not later terminate this Lease even if substantial completion of the rebuilding or restoration occurs subsequent to said one two hundred eighty ten (210) day period, provided that Landlord is not proceeding with diligence to rebuild or restore the Premises. The preceding sentence to the contrary notwithstanding, if such rebuilding or restoration is not completed within two hundred forty (240) days following the event of damage or destruction, then Tenant shall be allowed to terminate this Lease (even if Landlord is proceeding with diligence to rebuild or restore the Premises) by delivering written notice to Landlord within twenty (20) days following such two hundred forty (240) day period. If Tenant delivers said termination notice within said twenty (20) day period, this Lease shall terminate as of the date of the event of damage or destruction.