Common use of Demolition of the Building Clause in Contracts

Demolition of the Building. If the Building shall be so substantially damaged that it is reasonably necessary, in Landlord's judgment, to demolish the Building for the purpose of reconstruction, Landlord may demolish the same, in which event the Annual Basic Rent and Additional Rent (but not any Additional Rent due Landlord either by reason of Tenant's failure to perform any of its obligations hereunder or by reason of Landlord's having provided Tenant with additional services hereunder) shall be abated to the same extent as if the Premises were rendered wholly untenantable by a Casualty.

Appears in 7 contracts

Samples: Maryland Full Service Office Lease (Gp Strategies Corp), Office Lease (Diamond Resorts Corp), Full Service Office Lease (Physicians Quality Care Inc)

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Demolition of the Building. If the Building shall be so substantially damaged that it is reasonably necessary, in Landlord's ’s judgment, to demolish the Building for the purpose of reconstruction, Landlord may demolish the same, in which event the Annual Basic Rent and Additional Rent (but not any Additional Rent due Landlord either by reason of Tenant's ’s failure to perform any of its obligations hereunder or by reason of Landlord's ’s having provided Tenant with additional services hereunder) shall be abated to the same extent as if the Premises were rendered wholly untenantable by a Casualty.

Appears in 3 contracts

Samples: Office Lease (Marpai, Inc.), California Office Lease (Legalzoom Com Inc), Maryland Multi Tenant Industrial Lease (Inphonic Inc)

Demolition of the Building. If the Building individual building in which the -------------------------- Premises is located shall be so substantially damaged that it is reasonably necessary, in Landlord's judgment, to demolish the Building Area for the purpose of reconstruction, Landlord may demolish the same, in which event the Annual Basic Rent and Additional Rent (but not any Additional Rent due Landlord either by reason of Tenant's failure to perform any of its obligations hereunder or by reason of Landlord's having provided Tenant with additional services hereunder) shall be abated to the same extent as if the Premises were rendered wholly untenantable by a Casualty.

Appears in 1 contract

Samples: Massachusetts Full Service Office Lease (Harbor Global Co LTD)

Demolition of the Building. If the Building shall be so substantially damaged that it is reasonably necessary, in Landlord's ’s judgment, and after consultation with Landlord’s insurance carrier and adjuster to demolish the Office Building for the purpose of reconstruction, Landlord may demolish the sameit, in which event the Annual Basic Rent and Additional Rent (but not any Additional Rent due Landlord either by reason of Tenant's failure to perform any of its obligations hereunder or by reason of Landlord's having provided Tenant with additional services hereunder) shall be abated to the same extent as if the Leased Premises were rendered wholly untenantable by a Casualtycasualty.

Appears in 1 contract

Samples: Lease Agreement (Quality Systems Inc)

Demolition of the Building. If the Building shall be so substantially damaged that it is reasonably necessary, in Landlord's judgment, to demolish the Building for the purpose of reconstruction, Landlord may demolish the same, in which event the Annual Basic Rent and Additional Rent Tenant's Share of Increased Operating Costs (but not any Additional Rent amounts due Landlord either by reason of Tenant's failure to perform any of its obligations hereunder or by reason of Landlord's having provided Tenant with additional services hereunder) shall be abated to the same extent as if the Premises were rendered wholly untenantable by a Casualty. 18 17.4.

Appears in 1 contract

Samples: Office Lease (Quepasa Com Inc)

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Demolition of the Building. If the Building shall be so substantially damaged that it is reasonably necessary, in Landlord's judgment, to demolish the Office Building for the purpose of reconstruction, Landlord may demolish the sameit, in which event the Annual Basic Rent and Additional Rent (but not any Additional Rent due Landlord either by reason of Tenant's failure to perform any of its obligations hereunder or by reason of Landlord's having provided Tenant with additional services hereunder) shall be abated to the same extent as if the Leased Premises were rendered wholly untenantable by a Casualtycasualty.

Appears in 1 contract

Samples: Lease Agreement (Sideware Systems Inc)

Demolition of the Building. If the Building shall be so substantially damaged that it is reasonably necessary, in Landlord's ’s judgment, to demolish the Building for the purpose of reconstruction, Landlord may demolish the same, in which event the Annual Lease shall terminate and the Basic Rent and Additional Rent (but not any Additional Rent due Landlord either by reason of Tenant's failure to perform any of its obligations hereunder or by reason of Landlord's having provided Tenant with additional services hereunder) shall be abated to the same extent as if the Premises were rendered wholly untenantable by a Casualty.

Appears in 1 contract

Samples: Standard Office Lease Agreement (Costar Group Inc)

Demolition of the Building. If the Building shall be so -------------------------- substantially damaged that it is reasonably necessary, in Landlord's judgment, to demolish the Building for the purpose of reconstruction, Landlord may demolish the same, in which event the Annual Basic Rent and Additional Rent (but not any Additional Rent due Landlord either by reason of Tenant's failure to perform any of its obligations hereunder or by reason of Landlord's having provided Tenant with additional services hereunder) shall be abated to the same extent as if the Premises were rendered wholly untenantable by a Casualty.

Appears in 1 contract

Samples: Full Service Office Lease (RWD Technologies Inc)

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