Common use of Damage; Condemnation Clause in Contracts

Damage; Condemnation. If the Premises or the Building, or any part thereof, are damaged due to any peril or condemned, Sublessee shall be entitled to an abatement of all Rent to the extent Sublessor is entitled to an abatement under the Master Lease. If the Premises are condemned or damaged by any peril and the damage resulting therefrom cannot be (or is not in fact) repaired so that the Subleased Premises will be reasonably suitable for Sublessee's intended use within ninety (90) days after the condemnation or damage, then Sublessee shall have the option to terminate this Agreement by delivery of written notice thereof to Sublessor.

Appears in 6 contracts

Samples: Space Sharing Agreement (Tn Technologies Holding Inc), Space Sharing Agreement (Tn Technologies Holding Inc), Space Sharing Agreement (Tn Technologies Holding Inc)

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