Common use of DESTRUCTION DURING FINAL YEAR Clause in Contracts

DESTRUCTION DURING FINAL YEAR. Notwithstanding anything to the contrary contained in Sections 13.1 and 13.2, if the Premises or either Building is wholly or partially damaged or destroyed within the final twelve (12) months of the Term, or, if an applicable renewal option has been exercised, during the last year of any renewal Term, so that Tenant shall be prevented from using the Premises for thirty (30) consecutive days due to such damage or destruction, then either Landlord or Tenant may, at its option, by notice to the other party within sixty (60) days after the occurrence of such damage or destruction, elect to terminate this Lease.

Appears in 1 contract

Samples: Lease Agreement (Molina Healthcare Inc)

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DESTRUCTION DURING FINAL YEAR. Notwithstanding anything to the contrary contained in Sections 13.1 12.1 and 13.212.2 hereof, if the Premises or either the Building in which the Premises are located is wholly or partially damaged or destroyed within the final twelve (12) months of the Term, or, if an applicable renewal option has been exercised, during the last year Term of any renewal Termthis Lease, so that Tenant shall be prevented from using the Premises for thirty forty five (3045) consecutive days due to such damage or destruction, then either Landlord or Tenant may, at its option, by notice to the other party within sixty thirty (6030) days after the occurrence of such damage or destruction, elect to terminate this LeaseLease effective as of the date of casualty.

Appears in 1 contract

Samples: QRS Corp

DESTRUCTION DURING FINAL YEAR. Notwithstanding anything to the contrary contained in Sections 13.1 19.1 and 13.219.2, if the Premises or either the Building is are wholly or partially damaged or destroyed (to an extent which will require sixty (60) days or more to repair) within the final twelve (12) months of the Term, or, if an applicable renewal option Term of this Lease (including any Option Period with respect to which the Option to Extend has been or is concurrently therewith exercised), during the last year of any renewal Term, so that Tenant shall be prevented from using the Premises for thirty (30) consecutive days due to such damage or destruction, then either Landlord or Tenant may, at its their option, by notice to giving the other party notice within sixty (60) days after notice to Landlord of the occurrence of such damage or destruction, elect to terminate this Lease.

Appears in 1 contract

Samples: Letter Agreement (Lightspan Partnership Inc)

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DESTRUCTION DURING FINAL YEAR. Notwithstanding anything to the contrary contained in Sections Section 13.1 and 13.2, if the Premises or either the Building is wholly damaged or destroyed or if the Premises or the Building is partially damaged or destroyed within the final twelve (12) months Months of the TermTerm of this Lease, or, if an applicable renewal option has been exercised, during the last year of any renewal Term, so that Tenant shall be prevented term and repair of the damage would take more than sixty (60) days from using the Premises for thirty (30) consecutive days due to date of such damage or destructiondamage, then either Landlord or Tenant may, at its option, by notice to the other party within sixty thirty (6030) days after the occurrence of such damage or destruction, elect to terminate this the Lease.

Appears in 1 contract

Samples: Lease Agreement (Ikos Systems Inc)

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