Tenant's Right of Termination. (a) Within thirty (30) days after notice to Landlord of any damage described in Section 12.01 hereof, Landlord shall deliver to Tenant a statement prepared by a licensed, independent architect setting forth such architect's estimate (the "Estimate") as to the time required to repair such damage, exclusive of time required to repair any Tenant's Alterations. If the estimated time period exceeds twelve (12) months from the date of the Estimate or if the 50 Premises are totally damaged by casualty, Tenant may elect to terminate this Lease by notice to Landlord not later than ninety (90) days following receipt of the Estimate or the date of such casualty, as applicable. If Tenant makes such election, the Term shall expire upon the thirtieth (30th) day after notice of such election is given by Tenant, and Tenant shall vacate the Premises and surrender the same to Landlord in accordance with the provisions of Article 18 hereof. If Tenant shall not have elected to terminate this Lease pursuant to this Article 12 (or is not entitled to terminate this Lease pursuant to this Article 12), the damage shall be diligently repaired by and at the expense of Landlord as, and to the extent, required by Section 12.01(a) above, subject to Unavoidable Delays. If the estimated period of repair does not exceed twelve (12) months and, thereafter, Landlord fails to substantially complete such repairs within such twelve (12) month period, Tenant may terminate this Lease by notice to Landlord within thirty (30) days following the expiration of the twelve (12) month period.
Tenant's Right of Termination. Where the Tenant has not caused or contributed to the damage or destruction of the Premises and the payment of the insurance for the Premises is not refused due to the act or default of the Tenant, the Tenant may give written notice to the Council terminating this Lease where the Council does not:
Tenant's Right of Termination. (i) In the event the Demised Premises is damaged by fire or other casualty, such damage is not caused by the intentional acts of Tenant or its employees, contractors or agents, and such damage is not capable of being repaired within three hundred (300) days after the date of the damage, then, within ninety (90) days after the date of the casualty, Landlord shall deliver a written notice (the “Repair Estimate Notice”) to Tenant which advises Tenant that the Demised Premises cannot be repaired within three hundred (300) days after the date of the damage. Tenant shall have the right, exercisable by written notice to Landlord within twenty (20) days after the date of its receipt of the Repair Estimate Notice, to terminate this Lease. In the event Tenant timely delivers such notice of termination to Landlord, then this Lease shall terminate and the parties shall be released of all further liability hereunder. In the event Tenant fails to timely exercise such termination right, Tenant shall be deemed to have irrevocably waived its right to terminate this Lease on account of such damage.
Tenant's Right of Termination. Notwithstanding anything to the contrary contained in this Lease, in the event the Premises is damaged by any casualty and based upon a reasonable estimate the Premises is not likely to be restored within two hundred and forty (240) days after the date of the casualty nor is New Premises as defined in Section 7.04 (B) likely to be provided to Tenant within two hundred forty (240) days after the date of the casualty, then Tenant shall have the right to terminate this Lease by notice to Landlord given within thirty (30) days after the date of the casualty.
Tenant's Right of Termination. The Tenant may give written notice to the Landlord terminating this Lease where:
Tenant's Right of Termination. (i) In the event the Demised Premises is damaged by fire or other casualty, and the Estimate provides that the Estimated Restoration Date is more than three hundred (300) days after the date of the damage, then Tenant shall have the right, exercisable by written notice to Landlord within thirty (30) days after the date of its receipt of the Repair Estimate Notice, to terminate this Lease. In the event Tenant timely delivers such notice of termination to Landlord, then this Lease shall terminate and the parties shall be released of all further liability hereunder. In the event Tenant fails to timely exercise such termination right, Tenant shall be deemed to have irrevocably waived its right under this Section 20(d) (ii) to terminate this Lease on account of such damage.
Tenant's Right of Termination. 36.1 Upon the pre-matured termination of this Tenancy, the Tenant shall give a written notice of the termination to the Landlord at least three (3) months in advance. The three (3) months shall start from the date on which the Landlord has received such notice. In the event the Tenant failed to give the notice of termination, the Landlord may apply the balance Security Deposit (less such appropriate deduction) to pay the outstanding Rent.
Tenant's Right of Termination. Tenant may terminate this Lease upon notice and payment of a termination fee (the "TERMINATION FEE") effective on the date(s) designated hereafter in accordance with the provisions set forth below. If Tenant elects to terminate this Lease, the applicable Termination Fees are as follows:
Tenant's Right of Termination. In the event that the Tenant despite its best efforts cannot obtain approval from the applicable regulatory agencies or permits from the local authority to operate a branch bank office on the premises, the Tenant shall have the right, in its unfettered discretion, to terminate this lease by giving the Tenant 30 days prior written notice, whereupon, this Lease shall terminate without any liability to either party and this Lease shall be of no further force or effect. Tenant's right to terminate this Lease shall expire and be of no further force or effect as of June 1, 2005. Tenant agrees that it shall, within 10 days of the execution of this Lease, submit all reasonably necessary applications and supporting documentation to the applicable regulatory authority for approval of a branch bank at the demised premises.
Tenant's Right of Termination. Tenant shall have the right to terminate the ----------------------------- Lease after twenty four (24) months with three months prior written notice, if Landlord is unable to provide written assurance by such time that it can provide an additional space of 6500 square feet within twenty four (24) months of the commencement of this Lease.
