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 either Landlord or Tenant shall have the right to terminate this Lease upon thirty (30) days prior written notice to the other, which termination shall be effective on the thirtieth (30th) day after the other party's receipt of such notice. Such notice must be delivered within thirty (30) days after such casualty, or shall be deemed waived.

Appears in 2 contracts

Samples: Lease (Marcam Solutions Inc), Lease (Arbor National Holdings Inc)

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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 either Landlord or Tenant shall have the right to terminate this Lease upon thirty (30) days prior written notice to the other, which termination shall be effective on the thirtieth (30th) day after the other party's ’s receipt of such notice. Such notice must be delivered within thirty (30) days after such casualty, or shall be deemed waived.

Appears in 2 contracts

Samples: Lease (Wave2Wave Communications, Inc.), Lease (Wave2Wave Communications, Inc.)

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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 either Landlord or Tenant shall have the right to terminate this Lease upon thirty (30) days prior written notice to the otherTenant, which termination shall be effective on the thirtieth (30th) day after the other party's Tenant’s receipt of such notice. Such notice must be delivered within thirty (30) days after such casualty, or shall be deemed waived.

Appears in 1 contract

Samples: Deed of Lease (Embarcadero Technologies Inc)

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