Common use of Excessive Damage or Destruction Clause in Contracts

Excessive Damage or Destruction. If the Building or the Premises is damaged or destroyed to the extent that it cannot within Landlord’s reasonable discretion, with reasonable diligence, be fully repaired or restored within the earlier of (i) one hundred twenty (120) days after the date of the damage or destruction, or (ii) the expiration of the Term hereof, Landlord may terminate this Lease by written notice to Tenant within thirty (30) days of the date of the damage or destruction. If Landlord does not terminate the Lease, this Lease shall remain in full force and effect.

Appears in 4 contracts

Samples: Triple Net Lease Agreement (Zoned Properties, Inc.), Lease Agreement (Zoned Properties, Inc.), Triple Net Lease Agreement (Zoned Properties, Inc.)

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Excessive Damage or Destruction. If the Building or the Premises is damaged or destroyed by reason arising other than through the neglect or act of Tenant to the extent that it cannot within Landlord’s 's reasonable discretion, with reasonable diligence, be fully repaired or restored by Landlord within the earlier of (i) one hundred twenty (120) days after the date of the damage or destruction, or (ii) the expiration of the Term hereof, Landlord may terminate this Lease by written notice to Tenant within thirty (30) days of the date of the damage or destruction. If Landlord does not terminate the Lease, this Lease shall remain in full force and effecteffect and Landlord shall diligently repair and restore the damage as soon as reasonably possible.

Appears in 3 contracts

Samples: NNN Lease Agreement (Zoned Properties, Inc.), NNN Lease Agreement (Zoned Properties, Inc.), NNN Lease Agreement (Zoned Properties, Inc.)

Excessive Damage or Destruction. If the Building or the Premises is damaged or destroyed to the extent that it cannot within Landlord’s reasonable discretion, with reasonable diligence, be fully repaired or restored within the earlier of (i) one hundred twenty eighty (120180) days after the date of the damage or destruction, or (ii) the expiration of the Term hereofTerm, Landlord may terminate this Lease by written notice to Tenant within thirty (30) days of the date of the damage or destruction. If Landlord does not terminate the Lease, this Lease shall remain in full force and effect.

Appears in 2 contracts

Samples: Absolute Net Ground Lease Agreement (Zoned Properties, Inc.), Absolute Net Lease Agreement (Zoned Properties, Inc.)

Excessive Damage or Destruction. If the Building or the Premises Relevant Space is damaged or destroyed to the extent that it cannot within Landlord’s 's reasonable discretion, with reasonable diligence, be fully repaired or restored by Landlord (using standard working methods and procedures) within the earlier of (i) one hundred twenty (120) days after the date of the damage or destruction, or (ii) the expiration of the Term hereof, Landlord may terminate this Lease by written notice to Tenant within thirty (30) days of the date of the damage or destruction. If Landlord does not terminate the Lease, this Lease shall remain in full force and effecteffect and Landlord shall diligently repair and restore the damage as soon as reasonably possible.

Appears in 2 contracts

Samples: Lease Agreement (Schnitzer Steel Industries Inc), Lease Agreement (Schnitzer Steel Industries Inc)

Excessive Damage or Destruction. If the Building or the Premises is damaged or destroyed to the extent that it cannot within Landlord’s reasonable discretion, with reasonable diligence, be fully repaired or restored by Landlord within the earlier of (i) one hundred twenty (120) days after the date of the damage or destruction, or (ii) the expiration of the Term hereof, Landlord may terminate this Lease by written notice to Tenant within thirty (30) days of the date of the damage or destruction. If Landlord does not terminate the Lease, this Lease shall remain in full force and effecteffect and Landlord shall diligently repair and restore the damage as soon as reasonably possible.

Appears in 1 contract

Samples: Lease Agreement (Lumera Corp)

Excessive Damage or Destruction. If the Building or the Premises is damaged or destroyed to the extent that it cannot within Landlord’s reasonable discretion, with reasonable diligence, be fully repaired or restored by Landlord within the earlier of (i) one hundred twenty (120) days after the date of the damage or destruction, or (ii) the expiration of the Term hereof, Landlord may terminate this Lease by written notice to Tenant within thirty (30) days of the date of the damage or destruction. If Landlord does not terminate the Lease, this Lease shall remain in full force and effecteffect and Landlord shall diligently repair and restore the damage as soon as reasonably possible (subject to Landlord other rights pursuant to this Article XI).

Appears in 1 contract

Samples: Lease Agreement (Solta Medical Inc)

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Excessive Damage or Destruction. If the Building or the Premises is damaged or destroyed to the extent that it cannot within Landlord’s reasonable discretion, with reasonable diligence, be fully repaired or restored by Landlord within the earlier of (i) one hundred twenty (120) days after the date of the damage or destruction, or (ii) the expiration of the Term hereof, Landlord may terminate this Lease by written notice to Tenant within thirty (30) days of the date of the damage or destruction. If Landlord does not terminate the Lease, this Lease shall remain in full force and effecteffect and Landlord shall diligently repair and restore the damage as soon as reasonably possible.

Appears in 1 contract

Samples: Lease Agreement (Eastside Distilling, Inc.)

Excessive Damage or Destruction. If the Building or the Premises is damaged or destroyed to the extent that the Landlord determines that it cannot within Landlord’s reasonable discretionnot, with reasonable diligence, be fully repaired or restored by Landlord within ninety (90) days after the date of the dama-e or destruction, Landlord may terminate this Lease. Notwithstanding the fact that the Premises have been damaged or destroyed, Landlord shall determine whether the Building can be fully repaired or restored within the earlier ninety (90) day period, and Landlord's determination shall be binding upon Tenant. Landlord shall notify Tenant of its determination, in writing, within fortv five (i) one hundred twenty (12045) days after the date of the damage or destruction, or (ii) the expiration of the Term hereof, Landlord may terminate this Lease by written notice to Tenant within thirty (30) days of the date of the damage or destruction. If Landlord does not terminate the Lease, this Lease shall remain in full force and effect.

Appears in 1 contract

Samples: Office Lease (Good Times Restaurants Inc)

Excessive Damage or Destruction. If the Building or the Premises is damaged or destroyed to the extent that it cannot within Landlord’s reasonable discretionnot, with reasonable diligence, be fully repaired or restored by Landlord within the earlier of (i) one hundred twenty (120) days after the date of the damage or destruction, or (ii) the expiration of the Term hereof, hereof Landlord may terminate this Lease by written notice to Tenant within thirty (30) days of the date of the damage or destruction. If Landlord does not elect to terminate the LeaseLease pursuant to the above provision, this Lease shall remain in full force and effecteffect and Landlord shall diligently repair and restore the damage as soon as reasonably possible.

Appears in 1 contract

Samples: Lease Agreement (Data Critical Corp)

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