Common use of Damage During Last Year of Lease Term Clause in Contracts

Damage During Last Year of Lease Term. Without limiting Landlord’s rights under Section 12.2, in the event the Building or Demised Premises shall be substantially damaged during the last year of the term of this Lease, either Tenant or Landlord may elect to terminate this Lease effective upon giving notice of such election, in writing, to the other within thirty (30) days after the happening of the fire or other casualty.

Appears in 2 contracts

Samples: Lease Agreement (G Iii Apparel Group LTD /De/), Lease Agreement (G Iii Apparel Group LTD /De/)

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Damage During Last Year of Lease Term. Without limiting ------------------------------------- Landlord’s 's rights under Section 12.211.2, in the event the Building or Demised Leased Premises shall be substantially damaged damaged, in Landlord's reasonable judgment, during the last year of the term of this LeaseTerm, either Tenant or Landlord may elect either to rebuild or repair the Leased Premises or to terminate this Lease effective upon giving notice of such election, in writing, to the other Tenant within thirty (30) 30 days after the happening of the fire or other casualty.

Appears in 1 contract

Samples: Bannock Center (Inflow Inc)

Damage During Last Year of Lease Term. Without limiting ------------------------------------- Landlord’s 's rights under Section 12.211.2, in the event the Building or Demised Leased Premises shall be substantially damaged damaged, in Landlord's reasonable judgment, during the last year of the term of this LeaseTerm, either Tenant or Landlord may elect either to rebuild or repair the Leased Premises or to terminate this Lease effective upon giving notice of such election, in writing, to the other Tenant within thirty (30) 30 days after the happening of the fire or other casualty.

Appears in 1 contract

Samples: Bannock Center (Inflow Inc)

Damage During Last Year of Lease Term. Without limiting Landlord’s 's rights under Section 12.2, in the event the Building or Demised Premises shall shall, in Landlord's reasonable judgment, be substantially damaged during the last year of the term of this Lease, either Tenant or Landlord may elect either to rebuild or repair the Demised Premises or to terminate this Lease effective upon giving notice of such election, in writing, to the other Tenant within thirty (30) days after the happening of the fire or other casualty.. ARTICLE 13

Appears in 1 contract

Samples: Lease Agreement (Heelys, Inc.)

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Damage During Last Year of Lease Term. Without limiting Landlord’s rights under Section 12.2, in the event the Building or Demised Premises shall shall, in Landlord’s reasonable judgment, be substantially damaged during the last year of the term of this Lease, either Tenant or Landlord may elect either to rebuild or repair the Demised Premises or to terminate this Lease effective upon giving notice of such election, in writing, to the other Tenant within thirty (30) days after the happening of the fire or other casualty.

Appears in 1 contract

Samples: Metropolitan Life (KMG America CORP)

Damage During Last Year of Lease Term. Without limiting Landlord’s 's rights under Section 12.2, in the event the Building or Demised Premises shall shall, in Landlord's reasonable judgment, be substantially damaged during the last year of the term of this Lease, either Tenant or Landlord may elect either to rebuild or repair the Demised Premises or to terminate this Lease effective upon giving notice of such election, in writing, to the other Tenant within thirty (30) days after the happening of the fire or other casualty.

Appears in 1 contract

Samples: Lease Agreement (Global Preferred Holdings Inc)

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