Common use of Major Damage to Building Clause in Contracts

Major Damage to Building. If all or a substantial part (whether or not including the Premises) of the Building is rendered untenantable by damage from fire or other casualty to such a material extent that in the reasonable opinion of Landlord the Building must be totally or partially demolished, whether or not to be reconstructed in whole or in part, Landlord may elect to terminate this Lease as of the date of such casualty (or on the date of notice if the Premises are unaffected by such casualty) by written notice delivered to Tenant not more than sixty (60) days after the date of such casualty.

Appears in 3 contracts

Samples: Lease Agreement (Eschelon Telecom Inc), Lease of Office Space (Eschelon Telecom Inc), Lease Agreement (Imi International Medical Innovations Inc)

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Major Damage to Building. If all or a substantial part (whether or not including the Premises) of the Building is rendered untenantable by damage from fire or other casualty to such a material extent that in the reasonable opinion of Landlord the Building must be totally or partially demolished, whether or not to be reconstructed in whole or in part, Landlord may elect to terminate this Lease as of the date of such casualty (or on the date of notice if the Premises are unaffected by such casualty) by written notice delivered to Tenant not more than sixty (60) 60 days after the date of such casualty.

Appears in 2 contracts

Samples: Lease Agreement (Webgain Inc), Lease of Office Space (Webgain Inc)

Major Damage to Building. If all or a substantial part (whether or not including the Premises) of the Building is rendered untenantable by damage from fire or other casualty to such a material or substantial extent that that, in the reasonable opinion of Landlord Landlord, the Building must should be totally or partially demolished, whether or not to be reconstructed in whole or in part, either Landlord or Tenant may elect to terminate this Lease as of the date of such casualty (or on the date of notice if the Premises are unaffected by such casualty) by written notice delivered to Tenant the other not more than sixty (60) 60 days after the date of such casualty, and thereupon Tenant shall vacate the Premises expeditiously and as soon as is reasonably practicable.

Appears in 2 contracts

Samples: Lease Agreement, Lease (Tekmira Pharmaceuticals Corp)

Major Damage to Building. If all or a substantial part (whether or not including the Premises) of the Building is rendered untenantable by damage from fire or other casualty to such a material extent that in the reasonable opinion of the Landlord the Building must be totally or partially demolished, whether or not to be reconstructed in whole or in part, Landlord may elect to terminate this Lease as of the date of such casualty (or on the date of notice if the Premises are unaffected by such casualty) by written notice delivered to Tenant not more than sixty (60) 60 days after the date of such casualty.

Appears in 1 contract

Samples: Lease Agreement (I Stat Corporation /De/)

Major Damage to Building. If all or a substantial part (whether or not including the Premises) of the Building or the Project is rendered untenantable by damage from fire or other casualty to such a material or substantial extent that that, in the reasonable opinion of Landlord Landlord, the Building must should be totally or partially demolished, whether or not to be reconstructed in whole or in part, Landlord may elect to terminate this Lease as of the date of such casualty (or on the date of notice if the Premises are unaffected by such casualty) by written notice delivered to Tenant not more than sixty (60) 60 days after the date of such casualtycasualty and thereupon Tenant shall have 60 days within which to vacate the Premises.

Appears in 1 contract

Samples: Lease (Rabatco Inc)

Major Damage to Building. If all or a substantial part (whether or not including the Premises) of the Building is rendered untenantable by damage from fire or other casualty to such a material extent that in the reasonable opinion of Landlord the Building must be totally or partially demolished, whether or not to be reconstructed in whole or in part, Landlord may elect to terminate this Lease as of the date of such casualty (or on the date of notice if the Premises are unaffected by such casualty) by written notice delivered to Tenant not more than sixty (60) 60 days after the date of such casualty.

Appears in 1 contract

Samples: Lease of Office Space (Clark/Bardes Holdings Inc)

Major Damage to Building. If all or a substantial part (whether or not including the Premises) of the Building is rendered untenantable by damage from fire or other casualty to such a material extent that in the reasonable opinion of Landlord the Building must be totally or partially demolished, whether or not to be reconstructed in whole or in part, Landlord may elect to terminate this Lease as of the date of such casualty (or on the date of notice if the Premises are unaffected by such casualty) casualty by written notice delivered to Tenant not more than sixty (60) 60 days after the date of such casualty.

Appears in 1 contract

Samples: Commercial Lease (Speechlink Communications Corp)

Major Damage to Building. If all or a substantial part (whether or not including the Premises) of the Building is rendered untenantable by damage from fire or other casualty to such a material extent that in the reasonable opinion of Landlord the Building must be totally or partially demolisheddemolished or reconstructed, whether or not to be reconstructed in whole or in part, Landlord may elect to terminate this Lease as of the date of such casualty (or on the date of notice if the Premises are unaffected by such casualty) by written notice delivered to Tenant not more than sixty (60) 60 days after the date of such casualty.

Appears in 1 contract

Samples: Lease Agreement (Safety Insurance Group Inc)

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Major Damage to Building. If all or a substantial partial part (whether or not including the Premises) of the Building is rendered untenantable by damage from fire or other casualty to such a material extent that in the reasonable opinion of the Landlord the Building must be totally or partially demolished, whether or not to be reconstructed in whole or in part, the Landlord may elect to terminate this Lease as of the date of such casualty (or on the date of notice if the Premises are unaffected by such casualty) by written notice delivered to the Tenant not more than sixty (60) days after the date of such casualty.

Appears in 1 contract

Samples: Lease Agreement

Major Damage to Building. If all or a substantial part (whether or not including the Premises) of the a Building is rendered untenantable by damage from fire or other casualty to such a material extent that in the reasonable opinion of Landlord the Building must be totally or partially demolished, whether or not to be reconstructed in whole or in part, Landlord may elect to terminate this Lease as of the date of such casualty (or on the date of notice if the Premises are unaffected by such casualty) by written notice delivered to Tenant not more than sixty (60) days after the date of such casualty.

Appears in 1 contract

Samples: Lease Agreement (Eschelon Telecom Inc)

Major Damage to Building. If all or a substantial part (whether or not including the Premises) of the Building is rendered untenantable by damage from fire or other casualty to such a material extent that in the reasonable opinion of Landlord the Building must be totally or partially demolisheddemolished or reconstructed, whether or not to be reconstructed in whole or in partpart or, in the event restoration becomes economically unfeasible, Landlord may elect to terminate this Lease as of the date of such casualty (or on the date of notice if the Premises are unaffected by such casualty) by written notice delivered to Tenant not more than sixty (60) days after the date of such casualty.

Appears in 1 contract

Samples: Lease Agreement (Amr Research Inc)

Major Damage to Building. If all or a substantial part (whether or not including the Premises) of the Building is rendered untenantable maintainable by damage from fire or other casualty to such a material extent that in the reasonable opinion of Landlord the Building must be totally or partially demolished, whether or not to be reconstructed in whole or of in part, Landlord may elect to terminate this Lease as of the date of such casualty (or on the date of notice if the Premises are unaffected by such casualty) by written notice delivered to Tenant not more than sixty (60) days after the date of such casualty.

Appears in 1 contract

Samples: Office Lease (V2K International Inc)

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