Redevelopment. If at any time the Landlord shall decide to reconstruct, renovate, alter, remerchandise, sell and/or redevelop all or any part of the Shopping Centre to the extent that vacant possession of the Leased Premises is, in the discretion of the Landlord, required, or to demolish the building of which the Leased Premises form a part, the Landlord may terminate this Lease by giving not less than twelve (12) months notice in writing, to the Tenant without obligation or liability to the Tenant. The Tenant shall deliver up vacant possession of the Leased Premises in accordance with the provisions of the Lease and will execute all documents and other assurances as are reasonably required to give effect to the provisions of this Section. In the event that the Landlord proposes to renovate the Shopping Centre at any time during the Term, or any renewal thereof, and the Landlord does not elect to relocate the Tenant or terminate the Lease, the Tenant shall, at the Tenant's sole expense, undertake to upgrade the Leased Premises, which upgrading may include the renovation of the Tenant's storefront and signage, and painting and upgrading of interior fixtures, all in accordance with the Landlord's then current standard design criteria for refurbishment.
Appears in 2 contracts
Sources: Lease Agreement, Lease Agreement