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

Damage or Destruction Near End of Lease Term. Notwithstanding anything to the contrary contained in this Article 12, in the event the Premises are damaged or destroyed in whole in part (regardless of the extent of damage) from any cause during the last twelve (12) months of the Lease Term, Landlord or Tenant may, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other party of Landlord's election to do so within thirty (30) days after the event of such damage or destruction. For purposes of this

Appears in 3 contracts

Samples: Office Lease (Imanage Inc), Office Lease (Imanage Inc), Office Lease (Imanage Inc)

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Damage or Destruction Near End of Lease Term. Notwithstanding anything to the contrary contained in this Article 12Paragraph 14, in the event the Premises are materially damaged or destroyed in whole or in part (regardless of the extent of damage) from any cause during the last twelve ninety (1290) months days of the Lease Term, Landlord or Tenant may, at its option, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other party Landlord of Landlord's its election to do so within thirty (30) days after the event of such damage or destruction. For purposes of this.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Borland Software Corp)

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Damage or Destruction Near End of Lease Term. Notwithstanding anything to the contrary contained in this Article 12Paragraph 15, in the event the Premises are damaged or destroyed in whole or in part (regardless of the extent of damage) from any cause during the last twelve (12) months of the Lease Term, Landlord or Tenant may, at Landlord’s option, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other party Tenant of Landlord's ’s election to do so within thirty (30) days after the event of such damage or destruction. For purposes of this.

Appears in 1 contract

Samples: Lease Agreement (Daystar Technologies Inc)

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