Common use of Demolition of Landlord's Building Clause in Contracts

Demolition of Landlord's Building. If the Building shall be so substantially damaged that it is reasonably necessary, in Landlord's sole judgment, to demolish same for the purpose of reconstruction, Landlord may demolish the same, in which event Rent shall be abated to the same extent as if the Premises were rendered untenantable by a Casualty.

Appears in 2 contracts

Samples: Lease (Park N View Inc), Lease (Park N View Inc)

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Demolition of Landlord's Building. If the Landlord's Building shall be so substantially damaged that it is reasonably necessary, in Landlord's sole judgment, to demolish same for the purpose of reconstruction, Landlord may demolish the same, in which event Rent the Rental shall be abated to the same extent as if the Premises were rendered untenantable by a Casualty.

Appears in 2 contracts

Samples: Lease Agreement (Ciao Cucina Corp), Lease Agreement (Boston Restaurant Associates Inc)

Demolition of Landlord's Building. If the Landlord’s Building shall be so substantially damaged that it is reasonably necessary, in Landlord's sole ’s judgment, to demolish same such Building for the purpose of reconstruction, Landlord may demolish the same, in which event Rent the Lease shall be abated terminate and the Landlord shall return to the same extent as if Tenant all rents and/or security deposits, and/or other monies paid but unused for any part of the Premises were rendered untenantable by a Casualtyunused term.

Appears in 1 contract

Samples: Lease Agreement (Techniscan)

Demolition of Landlord's Building. If Landlord’s building comprising the Building demised Premises shall be so substantially damaged that it is reasonably necessary, in Landlord's ’s sole judgment, to demolish same such building for the purpose of reconstruction, Landlord may demolish the same, in which event Rent the rental shall be abated to the same extent as if the Premises were rendered untenantable by a Casualtycasualty.

Appears in 1 contract

Samples: Lease Agreement (First West Virginia Bancorp Inc)

Demolition of Landlord's Building. If the Landlord's Building shall be so substantially damaged that it is reasonably necessary, in Landlord's sole judgment, to demolish same such Building for the purpose of reconstruction, Landlord may demolish the same, same in which event the Rent shall be abated to the same extent as if the Premises were rendered untenantable by a Casualty.

Appears in 1 contract

Samples: Lease Agreement (Armitec Inc)

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Demolition of Landlord's Building. If the Landlord's Building shall be so substantially damaged that it is reasonably necessary, in Landlord's sole judgment, to demolish same such Building for the purpose of reconstruction, Landlord may demolish the same, same in which event Rent the Rental shall be abated to the same extent as if it the Premises were rendered untenantable by a CasualtyCasualty and Tenant's right to terminate stated in Section 14.1 shall apply.

Appears in 1 contract

Samples: Lease Agreement (Odyssey Marine Exploration Inc)

Demolition of Landlord's Building. If In addition to Landlord's termination rights described in Section 14.2, if Landlord's Building or the Building individual building in which the Premises are located shall be so substantially damaged that it is reasonably necessary, in Landlord's sole judgment, to demolish same for the purpose of reconstruction, Landlord may demolish the same, in which event Rent the Rental shall be abated to the same extent as if the Premises were rendered untenantable by a CasualtyCasualty .

Appears in 1 contract

Samples: Lease Agreement (Mego Financial Corp)

Demolition of Landlord's Building. If the Landlord's Building shall be so substantially damaged that it is reasonably necessary, in Landlord's sole judgment, to demolish same such Building for the purpose of reconstruction, Landlord may demolish the same, same in which event Rent the Rental shall be abated to the same extent as if the Premises were rendered untenantable by a Casualty.

Appears in 1 contract

Samples: Lease Agreement (Newriders Inc)

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