Common use of Termination of Lease by Tenant Clause in Contracts

Termination of Lease by Tenant. Tenant shall have the option of terminating the Lease if: (i) the Premises is damaged in whole or in part during the last two years of the Term, (ii) the damage to the Premises cannot reasonably be repaired and restored within one hundred eighty (180) days; or (iii) Landlord has failed to substantially restore the damaged Building or Premises within one hundred eighty (180) days of the Casualty, as extended by force majeure. If Landlord is delayed by force majeure, then Landlord must provide Tenant with notice of the delays within fifteen (15) days of the force majeure event stating the reason for the delays and a good faith estimate of the length of the delays.

Appears in 4 contracts

Samples: Office Lease (Medquist Inc), Office Lease (CBaySystems Holdings LTD), Office Lease (CBaySystems Holdings LTD)

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Termination of Lease by Tenant. Tenant shall have the option option: of terminating the Lease if: (i) the Premises is damaged in whole or in part during the last two years of the Term, (ii) the damage to the Premises cannot reasonably be repaired and restored within one hundred eighty (180) days; or (iii) Landlord has failed to substantially restore the damaged Building or Premises within one hundred eighty (180) days of the Casualty, Casualty (“Restoration Period”); (ii) the Restoration Period has not been delayed by force majeure; and (iii) Tenant gives Landlord notice of the termination within fifteen (15) days after the end of the Restoration Period (as extended by any force majeuremajeure delays). If Landlord is delayed by force majeure, then Landlord must provide Tenant with notice of the delays within fifteen (15) days of the force majeure event stating the reason for the delays and a good faith estimate of the length of the delays.

Appears in 1 contract

Samples: Office Lease (Active Network Inc)

Termination of Lease by Tenant. Tenant shall have the option of terminating the Lease if: (i) the Premises is damaged in whole or in part during the last two years of the Term, (ii) the damage to the Premises cannot reasonably be repaired and restored within one hundred eighty (180) days; or (iii) Landlord has failed to substantially restore the damaged Building or Premises within one hundred eighty (180) 180 days of the Casualty, Casualty (“Restoration Period”); (ii) the Restoration Period has not been delayed by force majeure; and (iii) Tenant gives Landlord notice of the termination within 15 days after the end of the Restoration Period (as extended by any force majeuremajeure delays). If Landlord is delayed by force majeure, then Landlord must provide Tenant with notice of the delays within fifteen (15) 15 days of the force majeure event stating the reason for the delays and a good faith estimate of the length of the delays.

Appears in 1 contract

Samples: Office Lease (Comprehensive Care Corp)

Termination of Lease by Tenant. Tenant shall have the option of terminating the Lease if: (i) the Premises is damaged in whole or in part during the last two years of the Term, (ii) the damage to the Premises cannot reasonably be repaired and restored within one hundred eighty (180) days; or (iii) Landlord has failed to substantially restore the damaged Building or Premises within one hundred eighty (180) days of the Casualty, Casualty (“Restoration Period”); (ii) the Restoration Period has not been delayed by force majeure; and (iii) Tenant gives Landlord notice of the termination within fifteen (15) days after the end of the Restoration Period (as extended by any force majeuremajeure delays). If Landlord is delayed by force majeure, then Landlord must provide Tenant with notice of the delays within fifteen (15) days of the force majeure event stating the reason for the delays and a good faith estimate of the length of the delays.

Appears in 1 contract

Samples: Ground Sublease Agreement (Spherix Inc)

Termination of Lease by Tenant. Tenant shall have the option of terminating the Lease if: (i) the Premises is damaged in whole or in part during the last two years of the Term, (ii) the damage to the Premises cannot reasonably be repaired and restored within one hundred eighty (180) days; or (iii) Landlord has failed to substantially restore the damaged Building or Premises within one hundred eighty (180) days of the Casualty, Casualty (“Restoration Period”); (ii) the Restoration Period has not been delayed by force majeure; and (iii) Tenant gives Landlord notice of the termination within fifteen 15 days after the end of the Restoration Period (as extended by any force majeuremajeure delays). If Landlord is delayed by force majeure, then Landlord must provide Tenant with notice of the delays within fifteen (15) days of the force majeure event stating the reason for the delays and a good faith estimate of the length of the delays.

Appears in 1 contract

Samples: Commencement Agreement (Accentia Biopharmaceuticals Inc)

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Termination of Lease by Tenant. Tenant shall have the option of terminating the Lease if: (i) the Premises is damaged in whole or in part during the last two years of the Term, (ii) the damage to the Premises cannot reasonably be repaired and restored within one hundred eighty (180) days; or (iii) Landlord has failed to substantially restore the damaged Building or Premises within one hundred eighty (180) days of the CasualtyCasualty (the "Restoration Period"), the Restoration Period being subject to extension for any force majeure delays; and (ii) Tenant gives Landlord notice of the termination within fifteen (15) days after the end of the Restoration Period (as extended by any force majeuremajeure delays). If Landlord is delayed by force majeure, then Landlord must provide Tenant with notice of the delays within fifteen (15) days of the force majeure event stating the reason for the delays and a good faith estimate of the length of the delays.

Appears in 1 contract

Samples: Commencement Agreement (Autobytel Inc)

Termination of Lease by Tenant. Tenant shall have the option of terminating the Lease if: (i) the Premises is damaged in whole or in part during the last two years of the Term, (ii) the damage to the Premises cannot reasonably be repaired and restored within one hundred eighty (180) days; or (iii) Landlord has failed to substantially restore the damaged Building or Premises within one hundred eighty (180) days of the Casualty, as extended Casualty ("Restoration Period"); (ii) the Restoration Period has not been delayed by force majeure; and (iii) Tenant gives Landlord written notice of the termination within fifteen 15 days after the end of the Restoration Period (is extended by any force majeure delays). If Landlord is delayed by force majeure, then Landlord must provide Tenant with written notice of the delays within fifteen (15) days of the force majeure event stating the reason for the delays and a good faith estimate of the length of the delays.

Appears in 1 contract

Samples: Office Lease (California Software Corp)

Termination of Lease by Tenant. Tenant shall have the option of terminating the Lease if: (i) the Premises is damaged in whole or in part during the last two years of the Term, (ii) the damage to the Premises cannot reasonably be repaired and restored within one hundred eighty (180) days; or (iii) Landlord has failed to substantially restore the damaged Building or Premises within one hundred eighty (180) days of the Casualty, Casualty as extended by any force majeuremajeure in accordance with the following sentence (“Restoration Period”); and (ii) Tenant gives Landlord notice of the termination within fifteen 15 days after the end of the Restoration Period. If Landlord is delayed by force majeure, then Landlord must provide Tenant with notice of the delays within fifteen (15) days of the force majeure event stating the reason for the delays and a good faith estimate of the length of the delays.

Appears in 1 contract

Samples: Lease Agreement (Tengion Inc)

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