Inability to Complete. Notwithstanding anything to the contrary contained in this Section 18, If Landlord is obligated or elects to repair, reconstruct and/or restore the damaged portion of the Premises pursuant to Section 18.1 above, but is delayed from completing such repair, reconstruction and/or restoration beyond the date which is two hundred ten (210) days after the date of the damage or destruction or the date specified in Landlord’s Election Notice, whichever is later, then any party who has not caused such delay may elect to terminate this Lease upon thirty (30) days’ prior written notice sent to the other, provided, however, if Tenant terminates this Lease, Landlord may rescind such termination by completing such work within twenty (20) days following Landlord’s receipt of Tenants written notice to terminate. In no event will Tenant have the right to terminate this Lease pursuant to this Section 18 4 to the extent Tenant has elected to perform the reconstruction and restoration of the Tenant Improvements pursuant to Section 18 1 above
Appears in 1 contract
Sources: Single Tenant Industrial Lease (Imcor Pharmaceutical Co)
Inability to Complete. Notwithstanding anything to the contrary contained in this Section 18, If if Landlord is obligated or elects to repair, reconstruct and/or restore the damaged portion of the Premises pursuant to Section 18.1 above, but is delayed from completing such repair, reconstruction and/or restoration beyond the date which is two hundred ten (210) days after the date of the damage or destruction or the date specified in Landlord’s 's Election Notice, whichever is later, then any party who has not caused such delay may elect to terminate this Lease upon thirty (30) days’ ' prior written notice sent to the other, ; provided, however, if Tenant terminates this Lease, Landlord may rescind such termination by completing such work within twenty (20) days following Landlord’s 's receipt of Tenants Tenant's written notice to terminate. In no event will Tenant have the right to terminate this Lease pursuant to this Section 18 4 18.4 to the extent Tenant has elected to perform the reconstruction and restoration of the Tenant Improvements pursuant to Section 18 1 18.1 above.
Appears in 1 contract
Sources: Single Tenant Industrial Lease (Alliance Pharmaceutical Corp)