Common use of DAMAGE DURING LAST YEAR OF TERM Clause in Contracts

DAMAGE DURING LAST YEAR OF TERM. If the Building or the Premises or any portion thereof is destroyed by fire or other causes at any time during the last year of the Term, then either Landlord or Tenant shall have the right, at the option of either party, to terminate this Lease by giving written notice to the other within sixty (60) days after the date of such destruction.

DAMAGE DURING LAST YEAR OF TERM. If the Building or the Premises or any material portion thereof is destroyed by fire or other causes at any time during the last year of the Term, then either Landlord or Tenant shall have the right, at the option of either party, to terminate this Lease by giving written notice to the other within sixty (60) days after the date of such destruction.

DAMAGE DURING LAST YEAR OF TERM. If the Building or the Premises or any portion thereof The Property is substantially destroyed by fire or other causes at any time during the last year of the Termterm of this Lease, then either Landlord or Tenant shall have the right, at the option of either party, to may terminate this Lease by giving on written notice to the other party given within sixty (60) 60 days after of the date of such destruction. Termination shall be effective within 30 days after the notice is given, the rent shall xxxxx proportionately from the date of the destruction until the date of termination, and Tenant shall deliver up possession of The Property to Landlord on the date of termination.