Common use of Tenant’s Termination Clause in Contracts

Tenant’s Termination. If over 20% of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if in Tenant's reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of the Premises.

Appears in 4 contracts

Samples: Office Lease Agreement (Quixote Corp), Lease Agreement (Signal Apparel Company Inc), Lease Agreement (Matria Healthcare Inc)

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Tenant’s Termination. If over twenty percent (20% %) of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if in Tenant's reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial takingLease. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 sixty (60) days after Tenant is notified of the taking of the Premises.

Appears in 1 contract

Samples: Lease Agreement (S1 Corp /De/)

Tenant’s Termination. If over 20% of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if in Tenant's ’s reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of the Premises.

Appears in 1 contract

Samples: Lease Agreement (Learning Tree International Inc)

Tenant’s Termination. If over 20% of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if in Tenant's reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is Tenaxx xx notified of the taking of the Premises.

Appears in 1 contract

Samples: Lease Agreement (Odyssey Re Holdings Corp)

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Tenant’s Termination. If over 20% twenty-five percent (25%) of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if in Tenant's ’s reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must shall be exercised by written notice to Landlord given not later than 60 sixty (60) days after Tenant is notified of the taking of the Premisestaking.

Appears in 1 contract

Samples: Office Lease (Cra International, Inc.)

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