Lessor's Option Clause Samples

Lessor's Option. At the option of the Lessor, which may be exercised at any time, the Lessee shall, upon written request of the Lessor, on the first day on the calendar month immediately following such request, and on the first day of each calendar month thereafter during the Term (each of which dates is referred to as a "Monthly Deposit Date"), pay to and deposit with the Lessor a sum equal to one-twelfth (1/12th) of the Impositions to be levied, charged, filed, assessed or imposed upon or against the Leased Property within one (1) year after said Monthly Deposit Date and a sum equal to one-twelfth (1/12th) of the premiums for the insurance policies required pursuant to Article 12 which are payable within one (1) year after said Monthly Deposit Date. If the amount of the Impositions to be levied, charged, assessed or imposed or insurance premiums to be paid within the ensuing one (1) year period shall not be fixed upon any Monthly Deposit Date, such amount for the purpose of computing the deposit to be made by the Lessee hereunder shall be estimated by the Lessor with an appropriate adjustment to be promptly made between the Lessor and the Lessee as soon as such amount becomes determinable. In addition, the Lessor may, at its option, from time to time require that any particular deposit be greater than one-twelfth (1/12th) of the estimated amount payable within one (1) year after said Monthly Deposit Date, if such additional deposit is required in order to provide to the Lessor a sufficient fund from which to make payment of all Impositions on or before the next due date of any installment thereof, or to make payment of any required insurance premiums not later than the due date thereof.

Lessor's Option. If the rents remain unpaid for twenty (20) days after the due date or if Lessee is in default of any of the terms or conditions stated herein, Lessor shall have the right to declare the Lease forfeited, and upon written notice, Lessor may re-enter and take possession of the Premises and remove all persons and property therefrom. Lessor, may at his option, re-let the Premises without prejudice to ▇▇▇▇▇▇'s remedies for collection of rents, or damages incurred by ▇▇▇▇▇▇. It is understood and agreed that each and all of the remedies given Lessor under this Lease are cumulative and that the exercise of one right or remedy by Lessor shall not impair its right to any other remedy.

Lessor's Option. Within thirty (30) days after ▇▇▇▇▇▇'s receipt of ▇▇▇▇▇▇'s Request for Transfer, Lessor may, in its sole discretion, exercise any one of the options described below by providing written notice to ▇▇▇▇▇▇ of Lessor's election. If for any reason, Lessor fails to give ▇▇▇▇▇▇ written notice of ▇▇▇▇▇▇'s election as authorized by this subparagraph 53.3 within the said thirty (30) day period, Lessor shall be deemed to have elected to consent to the Transfer. The options available to Lessor are as follows: (a) Consent to the requested Transfer (subject in all circumstances to the provisions of subparagraph 55.5, whether or not so expressly stated in the Notice to Lessee setting forth such consent); or (b) Withhold consent to the requested Transfer. If Lessor withholds consent, Lessor shall inform ▇▇▇▇▇▇ of the reasons therefor.

Lessor's Option. At the option of the Lessor, which may be exercised at any time after an Event of Default occurs, the Lessee shall, upon written request of the Lessor, on the first day on the calendar month, immediately following such request, and on the first day of each calendar month thereafter during the Term (each of which dates is referred to as a "Monthly Deposit Date"), pay to and deposit with the Lessor a sum equal to one-twelfth (1/12th) of the Impositions to be levied, charged, filed, assessed or imposed upon or against the Leased Property within one (1) year after said Monthly Deposit Date and a sum equal to one-twelfth (1/12th) of the premiums for the insurance policies required pursuant to Article 12 which are payable within one (1) year after said Monthly Deposit Date. If the amount of the Impositions to be levied, charged, assessed or imposed or insurance premiums to be paid within the ensuing one (1) year period shall not be fixed upon any Monthly Deposit Date, such amount for the purpose of computing the deposit to be made by the Lessee hereunder shall be reasonably estimated by the Lessor with an appropriate adjustment to be promptly made between the Lessor and the Lessee as soon as such amount becomes determinable. In addition, the Lessor may, at its option, from time to time require that any particular deposit be greater than one-twelfth (1/12th) of the estimated amount payable within one (1) year after .said Monthly Deposit Date, if such additional deposit is reasonably required in order to provide to the Lessor a sufficient fund from which to make payment of all Impositions on or before the next due date of any installment thereof, or to make payment of any required insurance premiums not later than the due date thereof.

Lessor's Option. The occurrence of any one or more of the following events shall constitute a material default and breach of this Lease by ▇▇▇▇▇▇: (A) The vacating or abandonment of the Premises by ▇▇▇▇▇▇ (which shall be conclusively presumed if ▇▇▇▇▇▇ leaves the Premises closed or unoccupied continuously for thirty (30) days). The failure by Lessee to make any payment of rent or any other payment required to be made by as and when due and after ten days written notice to Lessee by Lessor to pay same. The failure by ▇▇▇▇▇▇ to observe or perform any of the covenants, conditions, or provisions of this Lease to be observed or performed by ▇▇▇▇▇▇, other than described in subparagraph (A) and above, where such failure shall continue for a period of thirty (30) days after written notice thereof from Lessor to Lessee. In the event of any such material default or breach by Lessee, Lessor may at any time thereafter, with or without notice or demand and without limiting Lessor in the exercise of any right or remedy which Lessor may have by reason of such default or breach: Terminate ▇▇▇▇▇▇'s right of possession of the Premises by any lawful means, in which case this Lease shall terminate and ▇▇▇▇▇▇ shall immediately surrender possession of the Premises to Lessor. In such event, Lessor shall be entitled to recover from Lessee all damages incurred by Lessor by reason of ▇▇▇▇▇▇'s default, including, but not limited to expenses of reletting, reasonable attorneys' and any real estate commission actually paid; the worth at the time of award by a court having jurisdiction of the unpaid rent which had been earned after termination until the time of such award exceeds the amount of such rental loss that the Lessee proves could have been reasonably avoided; the worth at the time of such award of the amount by which the unpaid rent for the balance of the term after the time of such award exceeds the amount of such rental loss that the Lessee proves could be reasonably avoided; and the portion of any real estate commission payable by Lessor applicable County As Lessee - ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇

Lessor's Option. At the option of Lessor upon the occurrence of an event or circumstance which, with the giving of notice and/or the passage of time, would constitute a Lease Default, which may be exercised at any time thereafter, Lessee shall, upon written request of Lessor, on the first day on the calendar month immediately following such request, and on the first day of each calendar month thereafter during the Term (each 29

Lessor's Option. If Lessee is in default of any of the terms or conditions under this Lease, Lessor may demand performance in writing. If thirty (30) days elapse after such notice and no performance has occurred, then Lessor shall have the right to declare the Lease forfeited, and to re-let the Premises. It is understood and agreed that each and all of the remedies given Lessor under this Lease are cumulative and that the exercise of one right or remedy by Lessor shall not impair its right to any other remedy.

Lessor's Option. Lessor shall have the option to require Lessee to purchase the Leased Property from Lessor for the Put Price upon not less than ninety (90) days prior written notice ("Notice to Purchase") given at any time if an Event of Default has occurred under the Lease and is continuing.

Lessor's Option. Notwithstanding anything to the contrary contained herein and in addition to the rights provided Lessor in Paragraph 7.3, Lessor may at its option (but shall not be required to) enter upon the Premise at any time during the term hereof after ten (10) days' prior notice to Lessee and perform any maintenance, repairs or alterations which in Lessor's reasonable sole judgment are required, and Lessee shall pay Lessor Lessee's share of the cost of any such maintenance, repairs or alterations, as such share shall be equitably determined by Lessor, promptly upon Lessor's billing Lessee therefor. Lessor's reasonable determination thereof, in good faith, shall be conclusive.