Common use of Recapture Right Clause in Contracts

Recapture Right. In lieu of giving its consent a proposed assignment or subletting, affecting sixty percent (60%) or more of the Premises, Landlord may terminate the Lease as to the portion of the Premises affected by the action for which Landlord's consent is requested and recover possession thereof from Tenant within twenty (20) days following written notice thereof to Tenant. All costs incurred by Landlord in separating the remainder of the Premises from the area so retaken shall be paid by Tenant as Additional Rent.

Recapture Right. In lieu of giving its consent to a proposed assignment or subletting, affecting sixty percent (60%) or more of the Premises, Landlord may terminate the Lease as to the portion of the Premises affected by the action for which Landlord's consent is requested and recover possession thereof from Tenant within twenty (20) days following written notice thereof to Tenant. All costs incurred by Landlord in separating the remainder of the Premises from the area so retaken shall be paid by Tenant as Additional Rent.