Common use of Damage Clause in Contracts

Damage. In the event of damage to the premises, so that Tenant is unable to conduct business on the premises, this lease may be terminated at the option of either party. Such termination shall be effected by notice of one party to the other within twenty days after such notice; and both parties shall thereafter be released from all future obligations hereunder.

Appears in 10 contracts

Samples: Commercial Lease Agreement, Lease Agreement With Option to Purchase (Country Maid Financial Inc), Lease Agreement

AutoNDA by SimpleDocs

Damage. In the event of damage to the premises, so that Tenant is unable to conduct business on the premises, this lease may be terminated at the option of either party. Such termination shall be effected by notice of one party to the other within twenty 20 days after such notice; and both parties shall thereafter be released from all future obligations hereunder.

Appears in 3 contracts

Samples: Campground Lease and Operating Agreement, Lease Agreement, Lease Agreement

Damage. In the event of damage to the premises, so that Tenant is unable to conduct business on the premises, this lease may be terminated at the option of either party. Such termination shall be effected by notice of one party to the other within twenty thirty days after such notice; and both parties shall thereafter be released from all future obligations hereunder.

Appears in 1 contract

Samples: Lease Agreement (Central Iowa Energy, LLC)

Damage. In the event of damage to the premises, so that Tenant is unable to conduct business on the premises, this lease may be terminated at the option of either party. Such termination shall be effected by notice of one party to the other within twenty days after such notice; and both . Both parties shall thereafter be released from all future obligations hereunderobligations; however Tenant shall pay rent pro rata to the date of damage.

Appears in 1 contract

Samples: Lease Agreement

AutoNDA by SimpleDocs

Damage. In the event of damage to the premises, so that Tenant is unable to conduct business on the premises, this lease Lease may be terminated at the option of either party. Such termination shall be effected by notice of one party to the other within twenty days after such notice; and both parties shall thereafter be released from all future obligations hereunder.

Appears in 1 contract

Samples: Lease Agreement (TVPage, Inc.)

Damage. In the event of damage to the premises, so that Tenant is unable to conduct business on the premises, this lease may be terminated at the option of either party. Such termination shall be effected by notice of one party to the other within twenty 30 days after such notice; and both parties shall thereafter be released from all future obligations hereunder.

Appears in 1 contract

Samples: Lease Agreement

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