Common use of Tenant’s Right to Terminate Clause in Contracts

Tenant’s Right to Terminate. If the Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 6 contracts

Samples: NNN Office Lease (Aridis Pharmaceuticals, Inc.), Office Lease (Monolithic Power Systems Inc), Office Lease (Arteris, Inc.)

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Tenant’s Right to Terminate. If the Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) 7 days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 4 contracts

Samples: Lease Agreement, Acceptance Agreement (Miramar Labs, Inc.), Sublease Agreement

Tenant’s Right to Terminate. If the Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2¶11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) 7 days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 2 contracts

Samples: Lease (Tegal Corp /De/), Acceptance Agreement (Sirf Technology Holdings Inc)

Tenant’s Right to Terminate. If the Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) 15 days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 2 contracts

Samples: Acceptance Agreement (Nassda Corp), Lease (Concentric Medical Inc)

Tenant’s Right to Terminate. If the Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section §11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) 7 days after Tenant receives from Landlord the estimate of the time needed to complete such restoration or, as provided in subsection B below within 7 days following failure to timely complete the restoration.

Appears in 1 contract

Samples: Genesis Microchip Inc /De

Tenant’s Right to Terminate. If the Leased Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section paragraph 11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s 's architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right option to terminate this Lease in the event any of the following occurs, which right option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven ten (710) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.:

Appears in 1 contract

Samples: Lease (Bam Entertainment Inc)

Tenant’s Right to Terminate. If the Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s 's architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 1 contract

Samples: Lease (Vnus Medical Technologies Inc)

Tenant’s Right to Terminate. If the Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) 10 days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 1 contract

Samples: Acceptance Agreement (Omnicell Inc /Ca/)

Tenant’s Right to Terminate. If the Leased Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section Paragraph 11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s 's architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right option to terminate this Lease in the event any of the following occurs, which right option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 1 contract

Samples: Healthetech Inc

Tenant’s Right to Terminate. If the Premises are damaged by any --------------------------- peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s 's architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right option to terminate this Lease in the event any of the following occurs, which right option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.:

Appears in 1 contract

Samples: Lease Agreement (Pixtech Inc /De/)

Tenant’s Right to Terminate. If the Leased Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2paragraph 12.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right option to terminate this Lease in the event any of the following occurs, which right option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.:

Appears in 1 contract

Samples: Lease Agreement (Cinemark Holdings, Inc.)

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Tenant’s Right to Terminate. If the Premises are damaged by any peril --------------------------- and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2(P)11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s 's architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) 7 days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 1 contract

Samples: Acceptance Agreement (Sirf Technology Inc)

Tenant’s Right to Terminate. If the Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s 's architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) 7 days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 1 contract

Samples: Acceptance Agreement (Flonetwork Inc)

Tenant’s Right to Terminate. If the Premises are damaged by any --------------------------- peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s 's architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 1 contract

Samples: Lease (Borland Software Corp)

Tenant’s Right to Terminate. If the Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2paragraph 10.2, then as soon as reasonably practicablewithin thirty (30) days following the date of such damage, Landlord shall furnish Tenant with the written opinion of Landlord’s 's architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 1 contract

Samples: Handspring Inc

Tenant’s Right to Terminate. If the Premises are damaged by any peril --------------------------- and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s landlord's architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) days after Tenant Xxxxxx receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 1 contract

Samples: Office Lease (Netflix Com Inc)

Tenant’s Right to Terminate. If the Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section §11.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) 7 days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.

Appears in 1 contract

Samples: Silicon Motion Technology CORP

Tenant’s Right to Terminate. If the Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to Section 11.212.2, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s architect or construction consultant as to when the restoration work required of Landlord may be completed. Tenant shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised only by delivery to Landlord of a written notice of election to terminate within seven (7) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration.:

Appears in 1 contract

Samples: Lease (Jive Software, Inc.)

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