Common use of NOT TENANTABLE WITHIN 240 DAYS Clause in Contracts

NOT TENANTABLE WITHIN 240 DAYS. If fire or other casualty shall render the whole or any material part of the Premises untenantable and the Premises cannot reasonably be expected to be made tenantable within two hundred forty (240) days from the date of such event, then either party, by notice in writing to the other mailed within thirty (30) days from the date of such damage or destruction, may terminate this Lease effective upon a date within thirty (30) days from the date of such notice.

NOT TENANTABLE WITHIN 240 DAYS. If fire or other casualty shall render the whole or any material part of the Premises untenantable and the Premises cannot reasonably be expected to be made tenantable within two hundred forty (240) days from the date of such event, then either party, by notice in writing to the other mailed within thirty (30) days from the date of such damage or destruction, may terminate this Lease effective upon the date of the damage or destruction or a date within thirty (30) days from the date of such notice.