Common use of Damage or Destruction to the Building Clause in Contracts

Damage or Destruction to the Building. The foregoing notwithstanding, in the event the Building is damaged or destroyed to the extent of more than thirty-three and one-third percent (33 1/3%) of the then replacement cost thereof, Landlord may elect to terminate this Lease, whether or not the Premises are injured.

Appears in 3 contracts

Samples: Improvement Agreement (Calix, Inc), Net Lease Agreement (Laserscope), That Certain Lease Agreement (Nhancement Technologies Inc)

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Damage or Destruction to the Building. The foregoing ------------------------------------- notwithstanding, in the event the Building is damaged or destroyed to the extent of more than thirtytwenty-three and one-third five percent (33 1/325%) of the then replacement cost thereof, Landlord may elect to terminate this Lease, whether or not the Premises are injured.

Appears in 1 contract

Samples: Net Lease Agreement (Navisite Inc)

Damage or Destruction to the Building. The foregoing notwithstanding, in the event the Building is damaged or destroyed to the extent of more than thirty-three and one-third percent (33 1/333%) of the then replacement cost thereof, Landlord may elect to terminate this Lease, whether or not the Premises are injureddamaged.

Appears in 1 contract

Samples: Agreement (Borland Software Corp)

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Damage or Destruction to the Building. The foregoing ------------------------------------- notwithstanding, in the event the Building is damaged or destroyed to the extent of more than thirty-three and one-third percent (33 1/3%) of the then replacement cost thereof, Landlord may elect to terminate this Lease, whether or not the Premises are injured.

Appears in 1 contract

Samples: Lease Agreement (Symphonix Devices Inc)

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