OPTION TO DETERMINE. 5.1 If the Premises (or any part) or any part of the Common Parts or External Areas required for the use of the Premises and the exercise of the rights granted to the Tenant in accordance with this Lease, are destroyed or damaged by an Insured Risk and the Landlord has not commenced rebuilding or reinstating the Premises and/or any such Common Parts and/or External Areas within two years of the damage or destruction occurring for any reason beyond the control of the Landlord either the Landlord or the Tenant may terminate this Lease with immediate effect by giving to the other written notice to that effect at any time after the expiry of the period of 2 years,
OPTION TO DETERMINE. If upon the expiry of a period of one (1) year commencing as from the date of the damage or destruction rebuilding or reinstatement shall not have been commenced either the Lessee or the Manager (as the case may be) may by notice served on the other at any time within twelve (12) months thereafter invoke the provisions of paragraph 8 but only: where the commencement of such rebuilding or reinstatement has been prevented by Supervening Events; where the Supervening Events still subsist; and where the Lessee or the Manager has used all reasonable efforts to remove the Supervening Events.
OPTION TO DETERMINE. 6.8.1 If the Tenant
OPTION TO DETERMINE. 6.10.1 In case of damage to or destruction of the Premises or any part thereof by an Insured Risk, Tenant will promptly give written notice thereof to Landlord. Within twenty (20) days after the date Tenant has knowledge of such damage or destruction by an Insured Risk, Tenant shall provide Landlord with a written certification of the time period within which the Premises can be restored (the "Repair Estimate"). The Repair Estimate shall be subject to Landlord's approval, which approval shall not be unreasonably withheld, conditioned or delayed. If Landlord and Tenant cannot agree on the Repair Estimate, they shall submit the dispute to arbitration in accordance with Schedule 3 ("Arbitration"). If the Premises can be restored within 365 days after the date of such fire or other casualty (as set forth in the Repair Estimate, if approved by Landlord), Tenant shall promptly restore the Property in accordance with this Lease. If such restoration is anticipated to take more than 365 days to complete after the date of such damage or destruction by an Insured Risk (as set forth in the Repair Estimate if approved by Landlord), Tenant may terminate this Lease by providing written notice thereof to Landlord within sixty (60) days after Landlord's approval of Tenant's Repair Estimate.
OPTION TO DETERMINE. If the Tenant shall desire to terminate the Term and to quit the Premises on the date 29th September 1998 and shall give to the Landlord not less than twelve months previous notice in writing to that effect (in respect of which notice time shall be of the essence) then upon the expiration of such notice the term of years created by this underlease shall forthwith cease and determine but without prejudice to any remedy of either party against the other in respect of any antecedent claims or breach of covenant contained in this Lease and the Tenant shall deliver up vacant possession of the Premises
OPTION TO DETERMINE. 8.1 The Landlord may in the event it identifies suitable alternative accommodation for the Tenant within the Lakes Estate area of Bletchley terminate this lease at any time by giving the Tenant not less than six (6) months prior written notice (“Break Notice”) to that effect provide always that termination will not affect any rights or remedies available to either party for any prior breach of any of the covenants of this lease by the other. THE COMMON SEAL of THE ) COUNCILOF THE BOROUGH ) OF XXXXXX XXXXXX ) was hereto affixed in the presence of:- ) Authorised Signatory EXECUTED as a DEED by ) BLETCHLEY AND FENNY STRATFORD TOWN COUNCIL ) acting by two Councillors in ) the presence of the Clerk :- ) ………………………………………………. Councillor ……………………………………………….. Councillor
OPTION TO DETERMINE. This Lease may be determined:-
OPTION TO DETERMINE. Either party may determine this Agreement at any time by giving to the other not less than six months prior written notice.
OPTION TO DETERMINE. 5.1 In this clause the following definitions apply:
OPTION TO DETERMINE. 27 THE FIRST SCHEDULE The Demised Premises .................................................. 28 THE SECOND SCHEDULE Rights Granted ........................................................ 30 THE THIRD SCHEDULE Rights Reserved ....................................................... 31 THE FOURTH SCHEDULE Service Charge ........................................................ 32 THIS UNDERLEASE is made the 3rd day of November 1999 [GRAPHIC] BETWEEN:
