Common use of Damage Near End of Lease Term Clause in Contracts

Damage Near End of Lease Term. If at any time during the last twelve months of the Lease Term there is damage, whether or not an Insured Loss, which falls within the classification of Leased Premises Partial Damage, Landlord or Tenant may at either party's option cancel and terminate this Lease as of the date of occurrence of such damage by giving written notice to the other of its election to do so within thirty (30) days after the date of occurrence of such damage.

Damage Near End of Lease Term. If at any time during the last twelve months of the Lease Term Terrn there is damage, whether or not an Insured Loss, which falls within the classification of Leased Premises Partial Damage, Landlord or Tenant may at either party's option cancel and terminate this Lease as of the date of occurrence of such damage by giving written notice to the other of its election to do so within thirty (30) days after the date of occurrence of such damage.