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

Damage Near End of the Term. If the improvements on the Premises are partially destroyed or damaged during the last year 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 giving written notice to Tenant of Landlord’s election to do so within thirty (30) days after the date of occurrence of such damage.

Appears in 2 contracts

Samples: Lease Agreement, Sunpower Corp

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Damage Near End of the Term. If the improvements on the Premises are partially destroyed or damaged during the last year six (6) months of the term of this Lease, Landlord may at Landlord’s '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 's election to do so within thirty (30) days after the date of occurrence of such damage.

Appears in 2 contracts

Samples: Improvement Agreement (Leapfrog Enterprises Inc), Industrial Lease Agreement (Titan Motorcycle Co of America Inc)

Damage Near End of the Term. If the improvements on the Premises are partially destroyed or damaged during the last year six (6) months of the term of this Lease, Landlord may at Landlord’s '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 's election to do so within thirty sixty (3060) days after the date of occurrence of such damage.

Appears in 1 contract

Samples: Standard Lease Agreement (McMS Inc /De/)

Damage Near End of the Term. If the improvements on the Premises are partially destroyed or damaged during the last year six (6) months of the term of this Lease, Landlord may at Landlord’s '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 's election to do so within thirty (30) days after the date of occurrence of such damage.

Appears in 1 contract

Samples: Lease Agreement (Teltrust Inc)

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Damage Near End of the Term. If the improvements on the Premises are partially destroyed or damaged during the last year six (6) months of the term of this Lease, Landlord may at Landlord’s '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 's election to do so within thirty (30) days after the date of occurrence of such damage.. Tenant's obligation to pay rent shall cease on effective cancellation date. 14.5

Appears in 1 contract

Samples: Standard Lease Agreement (Intest Corp)

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