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

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. If during the last year of the Term the improvements on the Premises are partially destroyed or damaged, City may at City’s City‟s option terminate this Lease as of the date of occurrence of such damage by giving written notice to Tenant of City’s 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 Tenant‟s intention to repair such damage at Tenant’s 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. 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. If Tenant does not give such notice within the ten (10) day period, this Lease shall be terminated as of the date specified in City’s notice.

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 Operator 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 Operator shall have the right within ten (10) days after receipt of the required notice to notify City in writing of TenantOperator’s intention to repair such damage at TenantOperator’s expense, without reimbursement from City, in which event this Lease shall continue in full force and effect and Tenant Operator shall proceed to make such repairs as soon as reasonably possible.