Common use of Major Damage or Destruction Clause in Contracts

Major Damage or Destruction. If all or part of the Property is substantially damaged or destroyed to the extent that, in the Licensor's opinion, it cannot be rebuilt or repaired within 120 days or the Licensed Premises cannot be used for the Permitted Use, the Licensor shall have the right to terminate this Agreement on Ten (10) days prior written notice to the Licensee.

Major Damage or Destruction. If all or part of the Property is substantially damaged or destroyed to the extent that, in the Licensor's ’s opinion, it cannot be rebuilt or repaired within 120 ten (10) days or the Licensed Premises cannot be used for the Permitted Use, the Licensor shall have the right to terminate this Agreement on Ten ten (10) days prior written notice to the Licensee.