Common use of Landlord’s Election Clause in Contracts

Landlord’s Election. Notwithstanding anything herein to the contrary, if the Project or any portion thereof is taken by Condemnation and the portion taken does not, in Landlord’s reasonable judgment, feasibly permit the continuation of the operation of the Premises by Landlord in an economically viable fashion, then Landlord shall have the right to terminate this Lease by written notice given within thirty (30) days following the Date of Taking.

Appears in 2 contracts

Samples: Lease, Lease (Nlight, Inc.)

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Landlord’s Election. Notwithstanding anything herein to the contrary, if the Project Building or any portion thereof is taken by Condemnation and the portion taken does not, in Landlord’s 's reasonable judgment, feasibly permit the continuation of the operation of the Premises Building by Landlord in an economically viable fashionLandlord, then Landlord shall have hxxx the right to terminate this Lease by written notice given within thirty (30) days following the Date of Taking.

Appears in 2 contracts

Samples: Percon Inc, Percon Inc

Landlord’s Election. Notwithstanding anything herein to the contrary, if the Project or any portion thereof is taken by Condemnation and the portion taken does not, in Landlord’s reasonable 's sole judgment, feasibly feasiblely permit the continuation of the operation of the Premises Project by Landlord in an economically viable fashionXxxxxxxx, then Landlord landlord shall have the right to terminate this Lease by written notice given within thirty (30) days following the Date of Taking.. RIDER NO. 30

Appears in 2 contracts

Samples: Medicalogic Inc, Medicalogic Inc

Landlord’s Election. Notwithstanding anything herein to the contrary, if the Project or any portion thereof is taken by Condemnation and the portion taken does not, in Landlord’s reasonable 's sole judgment, feasibly feasiblely permit the continuation of the operation of the Premises Project by Landlord in an economically viable fashionLandlord, then Landlord txxx landlord shall have the right to terminate this Lease by written notice given within thirty (30) days following the Date of Taking.. RIDER NO. 30

Appears in 1 contract

Samples: Medicalogic Inc

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Landlord’s Election. Notwithstanding anything herein to the contrary, if the Project or any portion thereof is taken by Condemnation and the portion taken does not, in Landlord’s reasonable sole judgment, feasibly permit the continuation of the operation of the Premises by Landlord in an economically viable fashionLandlord, then Landlord shall have the right to terminate this Lease by written notice given within thirty (30) days following the Date of Taking.

Appears in 1 contract

Samples: Lease (Nlight, Inc.)

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