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

Tenant’s Option to Terminate. If twenty percent (20%) or more of the Premises shall be so taken and the remaining area of the Premises shall not be reasonably sufficient for Tenant to continue feasible operation of its business, Tenant may terminate this Lease by giving Landlord notice to that effect within ninety (90) days after the Date of Taking.

Appears in 2 contracts

Sources: Lease Agreement (Ampio Pharmaceuticals, Inc.), Lease Agreement (Eschelon Telecom Inc)

Tenant’s Option to Terminate. If twenty ten percent (2010%) or more of the Premises shall be so taken and the remaining area of the Premises shall not be reasonably sufficient for Tenant to continue feasible operation of its business, Tenant may terminate this Lease by giving Landlord notice to that effect within ninety (90) days after the Date of Taking.

Appears in 1 contract

Sources: Office Lease Agreement (ACON S2 Acquisition Corp.)

Tenant’s Option to Terminate. If twenty percent (20%) or more of the Premises shall be so taken and or the remaining area of the Premises shall not be reasonably sufficient for Tenant to continue feasible operation of its business, Tenant may terminate this Lease by giving Landlord notice to that effect within ninety (90) days after the Date of Taking.

Appears in 1 contract

Sources: Lease Agreement (Twist Bioscience Corp)