Common use of Damage, Destruction, Condemnation Clause in Contracts

Damage, Destruction, Condemnation. To the extent that the Master Lease gives Sublessor any rights following the occurrence of any damage, destruction or condemnation to terminate the Master Lease, to repair or restore the Sublease Premises, to contribute toward such repair or restoration costs to avoid termination, to obtain and utilize insurance or condemnation proceeds to repair or restore the Sublease Premises, or any similar rights, such rights shall be reserved to and exercisable solely by Sublessor, in its sole and absolute discretion, and not by Sublessee. The exercise of any such right by Sublessor shall under no circumstances constitute a default or breach under this Sublease or subject Sublessor to any liability therefor.

Appears in 5 contracts

Samples: Lease (Pc Tel Inc), Sublease Agreement (Conceptus Inc), Sublease Agreement (Home Director Inc)

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