Cancellation and Recapture. Notwithstanding Paragraph 10.1, Landlord may (but shall not be obligated to), within ten (10) business days after receipt of Tenants written request for Landlords consent to an assignment or subletting, cancel this Lease as to the portion of the Premises proposed to be sublet or subject to an assignment of this Lease as of the date such proposed Transfer is proposed to be effective and, thereafter, Landlord may lease such portion of the Premises to the prospective transferee (or to any other person or entity or not at all) without liability to Tenant. In the event Landlord does not elect to recapture the Premises, and instead approves the Tenants request for an assignment or sublease, any Rent to be charged to a subtenant greater than the Base Rent shall be immediately remitted to Landlord. In the event Landlord exercises the recapture rights, Landlord may also collect the pro-rata share of the unamortized Lease commission, Tenant Improvement and Rent Concession, if any, that relates to the Lease.
If Landlord shall not have accepted Tenants Recapture Offer and Recapture. Notwithstanding Paragraph 10.1, Landlord may (butshall not have terminated this Lease, as provided for in [Section 7.02] hereof, then Landlord will not unreasonably withhold, delay or condition its consent to Tenants request for consent to such specific assignment or subletting for the use permitted under this Lease, provided that any such assignment or subletting shall # have a net effective rental that shall not be obligated to), withinmore favorable to such assignee or subtenant by more than ten (10) business days after receiptpercent (10%) of the net effective rental contained in Tenants written request for Landlords consent to anRecapture Offer (taking into consideration all relevant terms of such assignment or subletting, cancel this Lease assublease), # be for a term expiring on or approximately the same date designated in Tenants Recapture Offer and upon all of the material terms and conditions set forth in Tenants Recapture Offer (including, without limitation, the terms in Tenants Recapture Offer regarding the condition in which the Premises (or the applicable portion thereof) shall be delivered by Tenant and the terms relating to alterations and the cost thereof (if any), in each case, required to separately demise a portion of the Premises in the case of a subletting of less than the entire Premises), and # comply with all other applicable provisions of this [Article 7] (and if the net effective rental and/or the term of such proposed to be subletsubletting or subject toassignment, as the case may be, vary from the net effective rental and/or the term contained in Tenants Recapture Offer beyond the variances set forth above, or if an assignment of this Lease as ofor sublease is not effected within twelve (12) months following the date such proposed Transferupon which Tenants Recapture Offer is proposedrejected (or deemed to be effective and, thereafter, Landlord may lease such portion of the Premises to the prospective transferee (or to any other person or entity or not at all) without liability to Tenant. In the event Landlord does not elect to recapture the Premises, and instead approves thehave been rejected) by Landlord, then Tenants request for an assignment or sublease, any Rent to be charged to a subtenant greater than the Base Rentconsent shall be immediately remitteddeemed to Landlord. Inconstitute a new Tenants Recapture Offer to Landlord under the event Landlord exercisesterms and conditions contained in the recapture rights, Landlord may also collect the pro-rata share of the unamortized Lease commission, Tenant Improvement and Rent Concession, if any, that relates to the Lease.
Recapture. In the event that Tenant desires to effectuate either # a full assignment of this Lease or # a sublease of all or a portion of the Premises for all or substantially all of the remainder of the Term, in each case other than to an Affiliate or Permitted Transferee, or if Tenant shall cease to conduct business in the Premises for a continuous period exceeding six (6) months (other than due to fire, casualty, eminent domain, force majeure event as described in [Section 25.21] hereof, or due to Alterations by Tenant) (a Cessation of Business), Landlord shall have the right in its sole and Recapture. Notwithstanding Paragraph 10.1, Landlord may (butabsolute discretion to # in the case of an assignment or Cessation of Business, terminate this Lease with respect to the entire Premises (it being understood and agreed that Tenants Cessation of Business shall not be obligated to), within ten (10) business days after receiptan Event of Tenants written request forDefault hereunder and that recapture of the Premises shall be Landlords consent to an assignmentsole and exclusive remedy in such event), or subletting, cancel# in the case of a sublease, terminate this Lease aswith respect to the portion of the Premises proposed to be sublet (as applicable, the Proposed Sublet Space), by sending Tenant written notice of such termination within twenty-one (21) days after either # in the case of a proposed assignment or subjectsubletting for which Landlord is entitled to an assignmentexercise termination rights hereunder, Landlords receipt of # Tenants Request Notice or # Tenants written notice describing the Proposed Sublet Space and a Proposed Sublease or Assignment Commencement Date (it being understood that no particular transaction or assignee/subtenant need be designated in such notice), or # in the case of a Cessation of Business, immediately after the same occurs. If the Proposed Sublet Space does not constitute the entire Premises and Landlord exercises its option to terminate this Lease with respect to the Proposed Sublet Space, then # Tenant shall tender the Proposed Sublet Space to Landlord on the Proposed Sublease Commencement Date (or such later date within ninety (90) days following the Proposed Sublease Commencement Date upon which Tenant surrenders the Premises to Landlord), and such space shall thereafter be deleted from the Premises, and # as of the date such proposed Transfer is proposed to be effective and, thereafter, Landlord may lease suchthat portion of the Premises towhich is not part of the prospective transferee (or to any other person or entity or not at all) without liability to Tenant.Proposed Sublet Space, this Lease shall remain in full force and effect except that Rent and additional rent shall be reduced pro rata. In the event of a termination by Landlord does not electdue to recapturea Cessation of Business, such termination shall take effect immediately. The cost of any Alterations required to permit the Premises,operation of the Proposed Sublet Space and instead approvesto separate the Tenants request forProposed Sublet Space from the balance of the Premises shall be paid by Tenant to Landlord as additional rent hereunder. In the case of an assignment or sublease, any Renta cessation of Tenants business in the Premises, or if the Proposed Sublet Space constitutes the entire Premises and Landlord elects to be chargedterminate this Lease, then Tenant shall tender the Proposed Sublet Space to Landlord, and this Lease shall terminate, on the Proposed Sublease Commencement Date (or such later date within ninety (90) days following the Proposed Sublease Commencement Date upon which Tenant surrenders the Premises to Landlord). If Tenants Request Notice does not specify a subtenant greater thanparticular Proposed Sublease Commencement Date, then the Base Renteffective date of the termination shall be immediately remitted to Landlord. In the eventspecified by Landlord exercises the recapture rights, Landlord may also collect the pro-rata sharein its notice of the unamortized Lease commission, Tenant Improvement and Rent Concession, if any, that relates to the Lease.termination.
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