Common use of Damage or Destruction at End of Term Clause in Contracts

Damage or Destruction at End of Term. If the Building or the Premises is damaged or destroyed during the last six (6) months of the Term of the Lease, and the Building or the Premises cannot be fully repaired or restored by Landlord within thirty (30) days after the date of the damage or destruction, either Landlord or Tenant may terminate this Lease upon notice to the other, unless Tenant, within 30 days of the date of the fire or other casualty.

Appears in 2 contracts

Samples: Lease Agreement (Implant Sciences Corp), Lease (Implant Sciences Corp)

AutoNDA by SimpleDocs

Damage or Destruction at End of Term. If the Building or the Premises is damaged or destroyed during the last six twelve (612) months of the Term of the Lease, and the Building or the Premises cannot be fully repaired or restored by Landlord within thirty (30) days after the date of the damage or destruction, either Landlord or Tenant may terminate this Lease upon notice to the other, unless Tenant, within 30 days of the date of the fire or other casualty, elects to exercise its option to extend the Term.

Appears in 2 contracts

Samples: Lease (ConforMIS Inc), Lease Agreement (ConforMIS Inc)

Damage or Destruction at End of Term. If the Building or the Premises is damaged or destroyed during the last six twelve (612) months of the Term term of the Lease, and the Building Premises or the Premises Building cannot not, in Landlord's sole judgment, be fully repaired or restored by Landlord within thirty sixty (3060) days after the date of the damage or destruction, either Landlord or Tenant may terminate this Lease upon written notice to the other, unless Tenant, within 30 days of the date of the fire or other casualty.

Appears in 1 contract

Samples: Office Lease (Ebix Com Inc)

AutoNDA by SimpleDocs

Damage or Destruction at End of Term. If the Building or the Premises is damaged or destroyed during the last six twenty-four (624) months of the Term of the Lease, and the Premises or Building or the Premises cannot be fully repaired or restored by Landlord within thirty ninety (3090) days after the date of the damage or destruction, either Landlord or Tenant may terminate this Lease upon notice to the other, unless provided, that Tenant may prevent Landlord’s termination of this Lease under this Section 28.C by exercising Tenant, within 30 days of ’s right to extend the date of the fire or other casualtyLease Term as described in Section 37.

Appears in 1 contract

Samples: Lease Agreement (Western Digital Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!