Common use of Damages or Condemnation of Premises Clause in Contracts

Damages or Condemnation of Premises. In the event the Leased Premises are totally or substantially destroyed by fire, explosion, flood, windstorm, hail, earthquake, or other casualty or act of God, and the owner landlord of the Leased Premises decides not to repair or rebuild the Leased Premises, or in the event all or a substantial portion of the Leased Premises and the Facility are taken or are to be taken by condemnation or eminent domain proceeding, then either party may by written notice (sent within thirty (30) days of such event) to the other terminate this Agreement if suitable alternative premises cannot be secured within sixty (60) days. In the event the owner/landlord of the Leased Premises decides to repair or rebuild the Leased Premises to their original size and condition, the Management Fee and the duties and obligations of COMPANY and DOCTOR hereunder shall abatx xxxil such time as the Leased Premises are suitable for COMPANY and DOCTOR to resume their respective duties and obligations hereunder.

Damages or Condemnation of Premises. In the event the Leased Premises are totally or substantially destroyed by fire, explosion, flood, windstorm, hail, earthquake, or other casualty or act of God, and the owner landlord of the Leased Premises decides not to repair or rebuild the Leased Premises, or in the event all or a substantial portion of the Leased Premises and the Facility are taken or are to be taken by condemnation or eminent domain proceeding, then either party may by written notice (sent within thirty (30) days of such event) to the other terminate this Agreement if suitable alternative premises cannot be secured within sixty (60) days. In the event the owner/landlord of the Leased Premises decides to repair or rebuild the Leased Premises to their original size and condition, the Management Fee and the duties and obligations of COMPANY and DOCTOR FACILITY hereunder shall abatx xxxil such time as the Leased Premises are suitable for COMPANY and DOCTOR FACILITY to resume their respective duties and obligations hereunder.