Common use of Casualty at Expiration of Lease Clause in Contracts

Casualty at Expiration of Lease. If the Premises shall be damaged by fire or casualty in such a manner that the Premises cannot, in the ordinary course, reasonably be expected to be repaired within one hundred and twenty (120) days from the commencement of repair work and such damage occurs within the last eighteen (18) months of the Term (as the same may have been extended prior to such fire or casualty), either party shall have the right, by giving notice to the other not later than sixty (60) days after such damage, to terminate this Lease, whereupon this Lease shall terminate as of the date of such Casualty.

Appears in 6 contracts

Samples: Lease Agreement (Blueprint Medicines Corp), Lease (Voyager Therapeutics, Inc.), Lease (Voyager Therapeutics, Inc.)

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Casualty at Expiration of Lease. If the Premises shall be damaged by fire or casualty in such a manner that the Premises cannot, in the ordinary course, reasonably be expected to be repaired within one hundred and twenty (120) days from the commencement of repair work and such damage occurs within the last eighteen (18) months of the Term (as the same may have been extended prior to such fire or casualty), either party shall have the right, by giving notice to the other not later than sixty (60) days after such damage, to terminate this Lease, whereupon this Lease shall terminate as of the date of such Casualtynotice.

Appears in 2 contracts

Samples: Lease Agreement (Praecis Pharmaceuticals Inc), Lease Agreement (Praecis Pharmaceuticals Inc)

Casualty at Expiration of Lease. If the Premises shall be damaged by fire or casualty in such a manner that the Premises cannot, in the ordinary course, reasonably be expected to be repaired within one hundred and twenty sixty (12060) days from the commencement of repair work and such casualty or damage occurs within the last eighteen twelve (1812) months of the Term (as the same may have been extended prior to such fire casualty or casualtydamage), either party shall have the right, by giving notice to the other not later than sixty (60) days after such casualty or damage, to terminate this Lease, whereupon this Lease shall terminate as of the date of such Casualtynotice.

Appears in 2 contracts

Samples: Lease Agreement (Fulcrum Therapeutics, Inc.), Lease Agreement (Fulcrum Therapeutics, Inc.)

Casualty at Expiration of Lease. If the Premises shall be damaged by fire or casualty in such a manner that the Premises cannot, in the ordinary course, reasonably be expected to be repaired within one hundred and twenty (120) days from the commencement of repair work and such casualty or damage occurs within the last eighteen (18) months of the Term (as the same may have been extended prior to such fire casualty or casualtydamage), either party shall have the right, by giving notice to the other not later than sixty (60) days after such casualty or damage, to terminate this Lease, whereupon this Lease shall terminate as of the date of such Casualtycasualty.

Appears in 2 contracts

Samples: Lease (Agios Pharmaceuticals Inc), Lease Agreement (Agios Pharmaceuticals, Inc.)

Casualty at Expiration of Lease. If Notwithstanding anything to the contrary contained in this Lease, if the Premises shall be damaged by fire or casualty in such a manner that the Premises cannot, in the ordinary course, reasonably be expected to be repaired within one hundred and twenty seventy five (12075) days from the commencement of repair work and such damage occurs within the last eighteen twelve (1812) months of the Term (as the same may have been extended prior to such fire or casualty), either party shall have the right, by giving notice to the other not later than sixty (60) days after such damage, to terminate this Lease, whereupon this Lease shall terminate as of the date of such Casualtynotice.

Appears in 2 contracts

Samples: Sublease Agreement (TripAdvisor, Inc.), Sublease (Aspect Medical Systems Inc)

Casualty at Expiration of Lease. If Notwithstanding anything to the contrary contained in this Lease, if the Premises shall be damaged by fire or casualty in such a manner that the Premises cannot, in the ordinary course, reasonably be expected to be repaired within one hundred and twenty sixty (12060) days from the commencement of repair work and such damage occurs within the last eighteen twelve (1812) months of the Term (as the same may have been extended prior to such fire or casualty), either party shall have the right, by giving notice to the other not later than sixty forty-five (6045) days after such damage, to terminate this Lease, whereupon this Lease shall terminate as of the date of such Casualtynotice.

Appears in 1 contract

Samples: Assignment and Assumption of Lease Agreement (Tangoe Inc)

Casualty at Expiration of Lease. If the Premises shall be damaged by fire or casualty in such a manner that the Premises cannot, in the ordinary course, reasonably be expected to be repaired within one hundred and twenty (120) days from the commencement of repair work and such damage occurs within the last eighteen two (182) months years of the Term (as the same may have been extended prior to such fire or casualty), either party shall have the right, by giving notice to the other not later than sixty (60) days after such damage, to terminate this Lease, whereupon this Lease shall terminate as of the date of such Casualtynotice.

Appears in 1 contract

Samples: Lease Agreement (Vericel Corp)

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Casualty at Expiration of Lease. If the Premises shall be damaged by fire or other casualty in such a manner that the Premises cannot, in the ordinary course, reasonably be expected to be repaired within one hundred and twenty (120) days from the commencement of repair work and such damage fire or other casualty occurs within the last eighteen twelve (1812) months of the Term (as the same may have been extended prior to such fire or other casualty), either party shall have the right, by giving notice to the other not later than sixty (60) days after such damagefire or other casualty, to terminate this Lease, whereupon this Lease shall terminate as of the date of such Casualtynotice.

Appears in 1 contract

Samples: Lease Agreement (Beam Therapeutics Inc.)

Casualty at Expiration of Lease. If the Premises shall be damaged by fire or casualty in such a manner that the Premises cannot, in the ordinary course, reasonably be expected to be repaired within one hundred and twenty (120) days from the commencement of repair work and such casualty or damage occurs within the last eighteen twenty four (1824) months of the Term (as the same may have been extended prior to such fire casualty or casualtydamage), either party shall have the right, by giving notice to the other not later than sixty (60) days after such casualty or damage, to terminate this Lease, whereupon this Lease shall terminate as of the date of such Casualtynotice.

Appears in 1 contract

Samples: Lease (Exicure, Inc.)

Casualty at Expiration of Lease. If Notwithstanding anything to the contrary contained in this Lease, if the Premises shall be damaged by fire or casualty in such a manner that the Premises cannot, in the ordinary course, reasonably be expected to be repaired within one hundred and twenty seventy-five (12075) days from the commencement of repair work and such damage occurs within the last eighteen twelve (1812) months of the Term (as the same may have been extended prior to such fire or casualty), either party shall have the right, by giving notice to the other not later than sixty (60) days after such damage, to terminate this Lease, whereupon this Lease shall terminate as of the date of such Casualtynotice.

Appears in 1 contract

Samples: Lease Agreement (SBS Technologies Inc)

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