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

Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty (30) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 4 contracts

Samples: Lease (Ultratech Stepper Inc), Lease (Digital Island Inc), Lease (Scientific Learning Corp)

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Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty ten (3010) business days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 4 contracts

Samples: Lease (Adept Technology Inc), Lease (Adept Technology Inc), Aviron

Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty (30) seven days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 3 contracts

Samples: Lease (Atheros Communications Inc), Sublease (Atheros Communications Inc), Lease (Silicon Image Inc)

Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area 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 this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised in the case of A or B below only by delivery to Landlord of a written notice of election to terminate within thirty (30) fifteen days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 2 contracts

Samples: Industrial Space Lease (Silicon Graphics International Corp), Acceptance Agreement (Rackable Systems, Inc.)

Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty (30) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 2 contracts

Samples: Lease (Cardium Therapeutics, Inc.), Lease (Redback Networks Inc)

Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty twenty-one (3021) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 2 contracts

Samples: Office Lease (Cortina Systems Inc), Office Lease (PMC Sierra Inc)

Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area 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 this Article¶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 completecompleted. Tenant shall have the option right to terminate this Lease in the event any of the following occurs, which option right may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty (30) 10 days after Tenant receives notice from Landlord that the estimate of the estimated time needed to complete such restoration:restoration is more than the applicable period set for in paragraphs A or B below.

Appears in 2 contracts

Samples: Lease (Neophotonics Corp), Lease (Neophotonics Corp)

Tenant’s Right to Terminate. If the Leased Premises, the Building 4 or the Outside Common Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty (30) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 1 contract

Samples: Non Disturbance and Attornment Agreement (Kodiak Sciences Inc.)

Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty (30) ten business days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 1 contract

Samples: Lease (Macromedia Inc)

Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area 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 this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised in the case of A or B below only by delivery to Landlord of a written notice of election to terminate within thirty ten (3010) business days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 1 contract

Samples: Lease (Universal Access Inc)

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Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area are damaged by any peril period and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty ten (3010) business days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 1 contract

Samples: Lease (Vivus Inc)

Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area are is damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty fifteen (3015) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 1 contract

Samples: Lease (LumiraDx LTD)

Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty seven (307) business days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 1 contract

Samples: By And (Equinix Inc)

Tenant’s Right to Terminate. If the Leased Premises, the Building or the Outside Area are is damaged by any peril --------------------------- and Landlord does not elect to terminate this Lease or is not entitled so to terminate this Lease pursuant to this ArticleParagraph 16.B, then as soon as reasonably practicable, . Landlord shall furnish Tenant with the written opinion of Landlord's architect architect, contractor or construction consultant as to when the restoration work required of Landlord may be completecompleted. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty fifteen (3015) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 1 contract

Samples: 'S Agreement (Pilot Network Services Inc)

Tenant’s Right to Terminate. If the Leased Premises, the Building 3 or the Outside Common Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, 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 complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within thirty (30) days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

Appears in 1 contract

Samples: By And (Kodiak Sciences Inc.)

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