Common use of End of Term Casualty Clause in Contracts

End of Term Casualty. Anything herein to the contrary notwithstanding, if the Premises are destroyed or damaged during the last eighteen (18) months of the Lease Term, then Tenant shall have the right to terminate this Lease upon thirty (30) days prior written notice to the Landlord, which termination shall be effective on the thirtieth (30th) day after the Landlord’s receipt of such notice. In addition, if the Premises are destroyed or substantially damaged (which, for purposes of this Section 14.5 shall mean that the repair thereof can not, in accordance with the terms hereof, be completed within sixty (60) days after the date of such casualty) during the last ten (10) months of the Lease Term, and Tenant does not and has not timely exercised any Renewal Option pursuant to Section 51.1 hereof, then Landlord shall also have the right to terminate this Lease upon thirty (30) days prior written notice to the Tenant, which termination shall be effective on the thirtieth (30th) day after the Tenant’s receipt of such notice. In either case, such notice must be delivered within thirty (30) days after such casualty, or such termination rights shall be deemed waived.

End of Term Casualty. Anything herein to the contrary notwithstanding, if during the last twelve (12) months of the Lease Term the Premises are destroyed or damaged during to the last eighteen extent that at least thirty percent (1830%) months or more of the Lease Termrentable area is rendered untenantable, then either Landlord or Tenant shall have the right to terminate this Lease upon thirty (30) days prior written notice to the Landlordother, which termination shall be effective on the thirtieth (30th) day after the Landlord’s other party's receipt of such notice. In additionnotice (provided that if there is a renewal option which is still available to be exercised by Tenant under this Lease as of the date Landlord provides Tenant with a notice of such termination, if and Tenant validly exercises such option in the Premises are destroyed or substantially damaged manner required under this Lease within ten (which, for purposes of this Section 14.5 shall mean that the repair thereof can not, in accordance with the terms hereof, be completed within sixty (6010) days after the date of Landlord's termination notice to Tenant under this Section 14.5, then Landlord's termination notice shall thereupon be deemed rescinded, as if such casualty) casualty had not occurred during the last ten twelve (1012) months of the Lease TermTerm (but the same shall not affect Tenant's termination rights, and Tenant does not and has not timely exercised any Renewal Option pursuant to if applicable, under Section 51.1 hereof14.1.3, then Landlord shall also have the right to terminate this Lease upon thirty (30) days prior written above, nor Landlord's termination rights, if applicable, under Section 14.2, above). Such notice to the Tenant, which of termination shall be effective on the thirtieth (30th) day after the Tenant’s receipt of such notice. In either case, such notice must be delivered within thirty (30) days after such casualty, or such termination rights shall be deemed waived.

End of Term Casualty. Anything herein Notwithstanding anything to the contrary notwithstandingcontained herein, if in the event the Premises are destroyed or damaged during the last eighteen two (182) months years of the Lease TermTerm to an extent that the repairs would exceed $500,000 in the aggregate, or the period of time reasonably projected by Landlord for restoration of the damage (taking into account the time necessary to effectuate a satisfactory settlement with any insurance company involved) exceeds one-fourth (1/4) of the time remaining in the Term as of the date of the damage, then Landlord and Tenant shall each have the right to terminate this Lease upon thirty (30) days prior by written notice delivered to the Landlord, which termination shall be effective on the thirtieth other party within fifteen (30th) day after the Landlord’s receipt of such notice. In addition, if the Premises are destroyed or substantially damaged (which, for purposes of this Section 14.5 shall mean that the repair thereof can not, in accordance with the terms hereof, be completed within sixty (6015) days after Landlord notifies Tenant in writing of the date estimated cost and projected restoration period; provided, however, that if (i) Landlord exercises its right of termination under this Section 14.4, and (ii) at such casualtytime, Tenant has a right to renew or extend the Lease Term pursuant to any provision hereof that Tenant has not yet exercised, and (iii) during Tenant notifies Landlord in writing, within fifteen (15) days following the last ten (10) months delivery of a termination notice from Landlord under this Section 14.4 that Tenant is exercising such renewal option, then Landlord’s termination notice shall be deemed nullified and this Lease shall continue in full force and effect through the remainder of the Lease Term, and Tenant does not and has not timely exercised any Renewal Option pursuant to Section 51.1 hereof, then Landlord shall also have the right to terminate this Lease upon thirty Term (30) days prior written notice to the Tenant, which termination shall be effective on the thirtieth (30th) day after the Tenant’s receipt of such notice. In either case, such notice must be delivered within thirty (30) days after such casualty, or such termination rights shall be deemed waivedas thus renewed).

End of Term Casualty. Anything herein to the contrary notwithstanding, if the Premises are destroyed or damaged during the last eighteen (18) months of the Lease Term, then Tenant shall have the right to terminate this Lease upon thirty (30) days prior written notice to the Landlord, which termination shall be effective on the thirtieth (30th) day after the Landlord’s receipt of such notice. In addition, if the Premises are destroyed or substantially damaged (which, for purposes of this Section 14.5 13.5 shall mean that the repair thereof can cannot, in accordance with the terms term hereof, be completed within sixty (60) days after the date of such casualty) during the last ten (10) months of the Lease Term, and Tenant does not and has not timely exercised any Renewal Option pursuant to Section 51.1 1.21 hereof, then Landlord shall also have the right to terminate this Lease upon thirty (30) days prior written notice to the Tenant, which termination shall be effective on the thirtieth (30th) day after the Tenant’s receipt of such notice. In either case, such notice must be delivered within thirty (30) days after such casualty, or such termination rights shall be deemed waived.

End of Term Casualty. Anything herein to the contrary notwithstanding, if the Premises are destroyed or damaged to an extent greater than forty percent (40%) of the replacement cost thereof during the last eighteen twelve (1812) months of the Lease Term, then either Landlord or Tenant shall have the right to terminate this Lease upon thirty sixty (3060) days prior written notice to the Landlordother, which termination shall be effective on the thirtieth sixtieth (30th60th) day after the Landlord’s other party's receipt of such notice. In addition, if the Premises are destroyed or substantially damaged (which, for purposes of this Section 14.5 shall mean that the repair thereof can not, in accordance with the terms hereof, Such notice must be completed delivered within sixty (60) days after such casualty, or shall be deemed waived. For purposes of this provision, if Tenant has exercised any option to extend the Term prior to the date of such casualty such that the Lease Term (including such extension) exceeds such twelve (12) month period, then the foregoing termination option shall be inapplicable. In addition, if after such casualty) during , Landlord exercises the last option to terminate this Lease provided in this Section 14.5, above, and Tenant, within ten (10) months days after Landlord's exercise of such termination right, exercises any then valid right to extend the Lease Term, and Tenant does not and has not timely exercised any Renewal Option Term pursuant to Section 51.1 hereof49, below, then Landlord shall also have the right to terminate this Lease upon thirty (30) days prior written notice to the Tenant, which such termination shall be effective on the thirtieth (30th) day after the Tenant’s receipt of such notice. In either casedeemed rescinded and ineffective, such notice must be delivered within thirty (30) days after such casualty, or such termination rights and this Lease shall be deemed waivedcontinue in full force and effect.

End of Term Casualty. Anything herein to the contrary notwithstanding, if the Premises are destroyed or damaged during the last eighteen twelve (1812) months of the Lease TermTerm'land the cost of restoration (as reasonably estimated by Landlord) will exceed One Million and 00/100 Dollars ($1,000,000.00), then either Landlord or Tenant shall have the right to terminate this Lease upon thirty (30) days prior written notice to the Landlordother, which termination shall be effective effectivb on the thirtieth (30th) day after the Landlord’s other party's receipt of such notice. In addition, provided that, if Tenaltt has a renewal option which has not yet expired under this Lease as of the Premises are destroyed or substantially damaged date of Landlord's btice of termination, and Tenant exercises such renewal option in the manner required by Section 50, below, prior to that date which is ten (which, for purposes of this Section 14.5 shall mean that the repair thereof can not, in accordance with the terms hereof, be completed within sixty (6010) business days after the date of such casualty) during the last ten (10) months of the Lease Term, and Tenant does not and has not timely exercised any Renewal Option pursuant to Section 51.1 hereof, then Landlord shall also have the right to terminate this Lease upon thirty (30) days prior Landlord's written notice to the Tenant terminating this Lease pursuant to this Section 14.5, Tenant, which termination 's renewal option shall be effective on debmed to have been exercised, Landlord's notice of termination pursuant to this Section 14.5 shall be I eemed to have been rescinded, and the thirtieth (30th) day after the Tenant’s receipt provisions of Sections 14.1 and 14.4, above, shall apply to such noticerestoration. In either case, such The notice of termination contemplated under this Section 14.5 must be delivered within thirty (30) days after the date of such casualty, or such termination rights shall be deemed waived. 15.

End of Term Casualty. Anything herein to the contrary notwithstanding, if more than seventy-five percent (75%) of the Premises are destroyed or damaged during the last eighteen (18) months of the Lease Term, then either Landlord or Tenant shall have the right to terminate this Lease upon thirty (30) days prior written notice to the Landlordother, which termination shall be effective on the thirtieth (30th) day after the Landlord’s other party's receipt of such notice. In addition, provided that, if Tenant has an extension option which has not yet expired under this Lease as of the Premises are destroyed or substantially damaged date of Landlord's notice of termination, and Tenant exercises such extension option in the manner required by Section 51, below, prior to that date which is ten (which, for purposes of this Section 14.5 shall mean that the repair thereof can not, in accordance with the terms hereof, be completed within sixty (6010) business days after the date of such casualty) during the last ten (10) months of the Lease Term, and Tenant does not and has not timely exercised any Renewal Option pursuant to Section 51.1 hereof, then Landlord shall also have the right to terminate this Lease upon thirty (30) days prior Landlord's written notice to the Tenant terminating this Lease pursuant to this Section 14.5, Tenant, which termination 's extension option shall be effective on deemed to have been exercised, Landlord's notice of termination pursuant to this Section 14.5 shall be deemed to have been rescinded, and the thirtieth (30th) day after the Tenant’s receipt provisions of Sections 14.1 and 14.4, above, shall apply to such noticerestoration. In either case, such The notice of termination contemplated under this Section 14.5 must be delivered within thirty (30) days after the date of such casualty, or such termination rights shall be deemed waived.