Damage Near End of the Term. If during the last year of the Term the improvements on the Premises are partially destroyed or damaged, City may at City’s option terminate this Lease as of the date of occurrence of such damage by giving written notice to Tenant of City’s election to do so within thirty (30) days after the date of occurrence of such damage. In the event City elects to terminate this Lease pursuant hereto, Tenant shall have the right within ten (10) days after receipt of the required notice to notify City in writing of Tenant’s intention to repair such damage at Tenant’s expense, without reimbursement from City, in which event this Lease shall continue in full force and effect and Tenant shall proceed to make such repairs as soon as reasonably possible.
Damage Near End of the Term. Notwithstanding anything to the contrary contained in this Section 23, Landlord shall not have any obligation whatsoever to repair, reconstruct or restore the Premises when the damage resulting from any casualty covered under this Section 23 occurs during the last twelve (12) months of the term of this Lease or any extension thereof.
Damage Near End of the Term. If the Premises are partially destroyed or damaged during the last six (6) months of the term of this Lease, Lessor may at Lessor's option cancel and terminate this Lease as of the date of occurrence of such damage by giving written notice to Lessee of Lessor's election to do so within thirty (30) days after the date of occurrence of such damage.
Damage Near End of the Term. If the Premises are partially destroyed or damaged during the last six (6) months of the term of this Lease, Landlord may at Landlord's option cancel and terminate this Lease as of the date of occurrence of such damage by giving written notice to Tenant of Landlord's election to do so within thirty (30) days after the date of occurrence of such damage.
Damage Near End of the Term. If during the last year of the Term the improvements on the Premises are partially destroyed or damaged, City may at City’s option terminate this Lease as of the date of occurrence of such damage by giving written notice to Tenant of City’s election to do so within thirty
Damage Near End of the Term. Notwithstanding anything to the contrary contained in Section 13, Lessor shall not have any obligation whatsoever to repair, reconstruct or restore the Premises when the damage resulting from any causality covered under this Section 13 occurs during the last twelve (12) months of the terms of this Lease or, any extension thereof.
Damage Near End of the Term. If the Premises are destroyed to the extent of ten percent (10%) or more of the then replacement cost thereof during the last six (6) months of the term of this Lease, and if Tenant shall not have exercised its option to extend this lease under Paragraph 20 herein prior to the date Landlord provides the notice next described, Landlord may, at Landlord's option, give written notice to Tenant of Landlord's intent to terminate this Lease within (30) days after the date of occurence of such damage.
Damage Near End of the Term. Notwithstanding anything to the contrary contained in this Lease, if the damage or destruction occurs during the last year of the term of this Lease to an extent greater than twenty five percent (25%) of the then replacement value of the improvements on the Premises, Tenant may elect not to restore, such election on the part of Tenant to be given by notice to Landlord within thirty (30) days after the date of damage or destruction. In the event Tenant so elects to terminate, then this Lease shall be terminated as of the later of the date of giving of such notice or the date Tenant completes its vacation from the premises. In the event of such termination, all proceeds of insurance carried in connection with the Premises shall be payable to the Landlord.
Damage Near End of the Term. If the Premises are partially destroyed or damaged during the last six (6) months of the term of this Lease, either party to this Lease may terminate this Lease as of the date of occurrence of such damage by giving written notice to the other of such election to do so within thirty (30) days after the date of occurrence of such damage.
Damage Near End of the Term. If the Premises are partially destroyed or damaged during the last 3 years of the term of this Lease or during the last three (3) years of the extension term, Landlord may at Landlord's option cancel and terminate this Lease as of the date of occurrence of such damage by giving written notice to Tenant of Landlord's election to do so within thirty (30) days after the date of occurrence of such damage; provided, however, that if twenty-five percent (25%) or less of the premises is damaged or destroyed and Tenant agrees in writing to exercise its option to extend the lease term pursuant to Article II, Landlord shall repair the Premises. Upon termination of this Lease pursuant hereto, any advance payments made by Tenant to Landlord shall be prorated on the basis of a thirty (30) day month as required.
