Irreparable Destruction of Building. If the Building shall be damaged or destroyed to such an extent that Landlord in its discretion determines the Building to be irreparably destroyed, Landlord shall give Tenant notice of such determination within sixty (60) days after the date of such damage or destruction, and, in such event, this Lease shall terminate on the date specified in such notice, and Landlord shall not be obligated to repair or rebuild.
Appears in 3 contracts
Samples: Office Lease Agreement (Apellis Pharmaceuticals, Inc.), Office Lease Agreement (Apellis Pharmaceuticals, Inc.), Office Lease Agreement (Apellis Pharmaceuticals, Inc.)
Irreparable Destruction of Building. If the Building shall be damaged or destroyed to such an extent that Landlord in its discretion reasonable discretion, determines the Building to be irreparably destroyed, Landlord shall give Tenant notice of such determination within sixty (60) days after the date of such damage or destruction, and, in such event, this Lease shall terminate on the date specified in such notice, and Landlord shall not be obligated to repair or rebuild; provided, however, that Landlord may only terminate this Lease if it terminating leases constituting a 75% of the then leased rentable square footage of the Building (inclusive of this Lease).
Appears in 1 contract
Samples: Office Lease Agreement (Twinlab Consolidated Holdings, Inc.)
Irreparable Destruction of Building. If the Building shall be damaged or destroyed to such an extent that Landlord in its discretion sole and absolute discretion, determines the Building to be irreparably destroyed, . Landlord shall give Tenant notice of such determination within sixty (60) days after the date of such damage or destruction, and, in such event, this Lease shall terminate on the date specified in such notice, and Landlord shall not be obligated to repair or rebuild.
Appears in 1 contract
