Loss During Last Part of Term Sample Clauses

Loss During Last Part of Term. If destruction to the Premises occurs during the extension period of the Term and such destruction is from a risk not covered by insurance, Lessee can terminate this Agreement by giving notice to District not more than fifteen (15) days after the destruction.
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Loss During Last Part of Term. If destruction to the premises occurs during the last year of the term, either party can terminate this Lease by giving notice to the other party, not more than ninety (90) days after the destruction.
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Loss During Last Part of Term. If destruction to the Premises occurs during the last year of the Term, and the cost of restoration exceeds ten percent (10%) of the then replacement value of the Premises, either Landlord or Tenant can terminate this Lease by giving notice to the other not more than fifteen (15) days after the destruction.
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Loss During Last Part of Term. In the event material damage or destruction to the premises shall occur during the last six (6) months of the term of this lease or of any extended term, Lessor or Lessee may terminate this Lease by notice to the other given not more than fifteen (15) days after the damage or destruction, provided, however, in the event the damage or destruction shall occur during the last six (6) months of the term, and if Lessee is given by the terms hereof an option to extend this lease and exercises said option within fifteen (15) days following the damage or destruction, then Lessor shall repair, rebuild and/or restore the premises as provided in subparagraph (a) of this paragraph. Should this Lease not be terminated as provided in this subparagraph, then this Lease shall continue in full force and effect.
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Loss During Last Part of Term. If destruction to the Premises occurs during the last two hundred and forty (240) days of the relevant Term, and if the cost of restoration exceeds ten percent (10%) of the then replacement value of the Premises or Building that are destroyed, then either party can terminate this Lease by giving notice to the other party not more than thirty (30) days after the destruction.
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Loss During Last Part of Term. If destruction to the Premises occurs during the last year of the term, LANDLORD can terminate this Lease by giving notice to TENANT, not more than ninety (90) days after the destruction. E.
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Loss During Last Part of Term. If destruction to the Premises occurs during the last year of the term or of any extended term, and the cost or restoration exceeds five percent (5%) of the then replacement value of the Premises, either Landlord or Tenant can terminate this Lease by filing notice to the other not more than fifteen (15) days after the destruction, provided, however, that in the event Tenant has a n unexercised and exercisable option to extend pursuant to Section 2.2 hereof, and in the further event that Tenant irrevocably exercises such option to extend within five (5) days after Landlord's notice to Tenant of termination pursuant to this Section 2.2, then in such events this Lease shall not be terminated by reason of the destruction which was the subject of Landlord's notice to Tenant unless permitted pursuant to section 7.1 hereof.
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Loss During Last Part of Term. If the Demised Premises are destroyed or damaged during the last twenty-four (24) months of the lease Term and the estimated cost of repair exceeds ten percent (10%) of the Basic Rent payable during the remainder of the Lease Term, either party may at its option cancel and terminate this Lease as of the date of occurrence of such damage by giving written notice to the other party of its election to do so within fifteen (15) days after the date of occurrence of such damage; provided, however, that if Tenant has the Option to extend the then-current term pursuant to Article 5 hereof, Tenant shall have the right to exercise such Option for thirty (30) days after receipt of such notice from Landlord. If either party shall not so elect to terminate this Lease, the repair of such damage shall be governed by the provisions of this Article 14.
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Loss During Last Part of Term. If the Premises or the Building are damaged by fire or other casualty during the last one (1) year of the term of this Lease, either Landlord or Tenant may terminate this Lease by giving notice to the other within thirty (30) days after the occurrence of the fire or other casualty.
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Related to Loss During Last Part of Term

  • Allocations During Period of Liquidation During the period commencing on the first day of the Fiscal Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Unit Holders pursuant to Section 10.2 of this Agreement (the “Liquidation Period”), the Unit Holders shall continue to share Profits, Losses, gain, loss and other items of Company income, gain, loss or deduction in the manner provided in Article III of this Agreement.

  • Authority and Power During Employment Period The duties of the Employee shall be subject to the direction of the Company and the Employee shall perform all duties as shall be directed by the Company. The Employee shall devote full attention and render exclusive, full time services to the Company and shall be employed solely by the Company according to the terms of this Agreement. Employee's job title is subject to change by the Board of Directors.

  • Transfer of Collateral upon Occurrence of Termination Event Upon the occurrence of a Termination Event and the transfer to the Agent of the Preferred Securities, the appropriate Applicable Ownership Interest of the Treasury Portfolio or the Treasury Securities, as the case may be, underlying the Income PRIDES and the Growth PRIDES pursuant to the terms of the Pledge Agreement, the Agent shall request transfer instructions with respect to such Preferred Securities or the appropriate Applicable Ownership Interest of the Treasury Portfolio or Treasury Securities, as the case may be, from each Holder by written request mailed to such Holder at its address as it appears in the Income PRIDES Register or the Growth PRIDES Register, as the case may be. Upon book-entry transfer of the Income PRIDES or Growth PRIDES or delivery of an Income PRIDES Certificate or Growth PRIDES Certificate to the Agent with such transfer instructions, the Agent shall transfer the Preferred Securities, the Treasury Portfolio or Treasury Securities, as the case may be, underlying such Income PRIDES or Growth PRIDES, as the case may be, to such Holder by book-entry transfer, or other appropriate procedures, in accordance with such instructions. In the event a Holder of Income PRIDES or Growth PRIDES fails to effect such transfer or delivery, the Preferred Securities, the appropriate Applicable Ownership Interest of the Treasury Portfolio or Treasury Securities, as the case may be, underlying such Income PRIDES or Growth PRIDES, as the case may be, and any distributions thereon, shall be held in the name of the Agent or its nominee in trust for the benefit of such Holder, until such Income PRIDES or Growth PRIDES are transferred or the Income PRIDES Certificate or Growth PRIDES Certificate is surrendered or such Holder provides satisfactory evidence that such Income PRIDES Certificate or Growth PRIDES Certificate has been destroyed, lost or stolen, together with any indemnity that may be required by the Agent and the Company.

  • Allocations During the Revolving Period During the Revolving Period, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate to the Investor Certificateholders or the Holder of the Seller Interest and pay or deposit from the Collection Account the following amounts as set forth below:

  • Payment Permitted If No Default Nothing contained in this Article XII or elsewhere in this Indenture or in any of the Securities shall prevent (a) the Company, at any time, except during the pendency of the conditions described in paragraph (a) of Section 12.2 or of any Proceeding referred to in Section 12.2, from making payments at any time of principal of and any premium or interest (including any Additional Interest) on the Securities or (b) the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal of and any premium or interest (including any Additional Interest) on the Securities or the retention of such payment by the Holders, if, at the time of such application by the Trustee, it did not have knowledge (in accordance with Section 12.8) that such payment would have been prohibited by the provisions of this Article XII, except as provided in Section 12.8.

  • Replacement of Term SOFR or Successor Rate Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower) that the Borrower or Required Lenders (as applicable) have determined, that:

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