DESTRUCTION OR DAMAGE TO PREMISES. 10.1 Should the PREMISES be destroyed or damaged to any extent which renders the PREMISES substantially untenantable, either party shall have the right within 14 (fourteen) days of the occurrence of the event causing such destruction or damage to declare this agreement cancelled, in which event the TENANT shall have no claim of whatever nature against the LANDLORD as a result of such destruction, damage, cancellation or termination. 10.2 Should a dispute arise between the LANDLORD and the TENANT in respect of any matter arising out of 10.1 including any dispute as to any interpretation or application of 10.1, then such dispute shall be settled by the LANDLORD's architect, acting as an expert and not as an arbitrator, whose decision shall be final and binding on both parties.
Appears in 4 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
