Substantial Damage or Destruction Sample Clauses

Substantial Damage or Destruction. If the Premises or any part thereof is damaged or destroyed by fire, explosion, or any other casualty so as to render all or substantially all of the Premises untenable or unfit for Tenant's operation of the Premises hereunder, and, in Tenant's opinion, the Premises cannot be restored to its former condition within thirty (30) days after such damage or destruction, then Tenant may, in its sole discretion, terminate this Lease upon thirty (30) days’ notice to Library. If the Building is sufficiently damaged by fire, explosion or other casualty that substantial reconstruction of the Building is necessary and Library determines, in its sole discretion that reconstruction and restoration is not economically feasible within the Term, then Library may terminate this Lease upon thirty
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Substantial Damage or Destruction. In the event of Substantial Damage or Destruction of the Premises the Landlord may within sixty (60) days after such damage or destruction and on giving thirty (30) days written notice to the Tenant declare this Lease terminated forthwith and in such event, the Term shall be deemed to have expired and the Tenant shall deliver up possession of the Premises accordingly, rent shall be apportioned and shall be payable up to the date of termination stated in such notice and the Tenant shall be entitled to be repaid by the Landlord any rent paid in advance and unearned or an appropriate portion thereof.
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Substantial Damage or Destruction. In the event of Substantial Damage or Destruction of the Premises or of any other portion of the Building which shall be incapable of being rebuilt or repaired or restored with reasonable diligence within one hundred and eighty (180) days of the happening of such destruction and damage whether or not the Premises be affected thereby, the Landlord may within sixty (60) days after such Substantial Damage or Destruction and on giving thirty (30) days notice to the Tenant declare this Lease terminated forthwith and in such event the Term shall be deemed to have expired and the Tenant shall deliver up possession of the Premises accordingly, Rent shall be apportioned and shall be payable up to the date of termination stated in such notice and the Tenant shall be entitled to be repaid by the Landlord any rent paid in advance and unearned or an appropriate portion thereof.
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Substantial Damage or Destruction. In the event of Substantial Damage or Destruction of the Leased Premises, or of any other portion of the Building, whether or not the Leased Premises be affected thereby, the Town may within sixty (60) days after such damage or destruction and on giving reasonable written notice to the Service Operator as it can to allow the Service Operator to find alternate space, declare this Lease terminated forthwith and in such event, the Term shall be deemed to have expired and the Service Operator shall deliver up possession of the Leased Premises accordingly, rent all be apportioned and shall be payable up to the date of termination stated in such notice and the Service Operator shall be entitled to be repaid by the Town any rent paid in advance and unearned or an appropriate portion thereof.
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Substantial Damage or Destruction. In the event of substantial damage or destruction of the Premises, or of any other portion of the Building which comprises, in aggregate, an area equal to or greater than twenty-five percent (25%) of the Floor Area of those premises in the Building designated for lease (whether leased or not), whether or not the Premises be affected thereby, the Landlord may, within sixty (60) days after such damage or ·destruction and on giving thirty (30) days' written notice to the Tenant, declare this Lease terminated forthwith and, in such event, the Term shall be deemed to have expired and the Tenant shall deliver up possession of the Premises accordingly, Rent shall be apportioned and shall be payable up to the date of termination stated in such notice and the Tenant shall be entitled to be repaid by the landlord any Rent paid in advance and unearned or an appropriate portion thereof. "Substantial damage or destruction" means damage or destruction that, in the opinion of the Architect, requires repair, alteration or reconstruction of the Premises or of such other portion of the Building that cannot be completed within a period of one hundred eighty (180) days from the time of such damage or destruction.
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Substantial Damage or Destruction. 12 13.3 Rebuilding .................................................... 12 13.4 Expropriation ................................................. 12
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Substantial Damage or Destruction. If the Premises are damaged or destroyed, in either case to an extent that repair or replacement costs (as reasonably determined by Lessor) are 50% or more, but less that 90%, of the cost of replacement in the case of total destruction, Lessor may, at its option, (i) by notice to Lessee terminate this Lease as of the date of damage or destruction, in which case Lessor shall have the right to receive the proceeds of any insurance provided under this Lease with respect to that damage or destruction or (ii) require Lessee to repair the damage or replace the destroyed portion of the Premises on the same terms and conditions applicable to partial damage or destruction pursuant to Paragraph 8.1
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Substantial Damage or Destruction. In the event that the Facility is damaged or destroyed by any cause whatsoever (other than an intended demolition, as permitted or contemplated within this License), unless otherwise agreed to by the parties the CRCA shall promptly repair such damage to the limits of the proceeds of insurance that the CRCA is required to maintain pursuant to this License.
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Related to Substantial Damage or Destruction

  • Damage or Destruction A.- Total. In the event that the whole or a substantial part of the Leased Property is damaged or destroyed by fire, act of nature, or any other cause, so as to make COMPANY unable to continue the operation of its business, IAMSA shall, within fifteen (15) days from such destruction, determine whether the Leased Property can be restored within six (6) months. If IAMSA determines that the Leased Property cannot be restored within six (6) months, either IAMSA or COMPANY shall have the right and option to immediately terminate this Lease Agreement, by advising the other thereof by written notice. If this Lease Agreement is not terminated as provided in the preceding sentence, IAMSA shall proceed diligently to reconstruct the Leased Property, in that event the IAMSA will accept in lieu of the rent during this period the rental insurance or bond acquired by the COMPANY. During the period of reconstruction the COMPANY will not be obliged to pay the rent. In the event that the Leased Property is not reconstructed within six months after the date of destruction, then IAMSA will have a cure period of thirty days to finish the restoration of the Improvements of IAMSA, such cure period beginning on the last day of such six month period. Upon IAMSA’s failure to deliver the restored premises and Improvements prior to the expiration of such thirty (30) day cure period, COMPANY will have the right to terminate this Lease Agreement by the delivery of written notice to IAMSA, or COMPANY may elect to accept one day of free rent for each day of delay of the delivery of the Leased Property from and after the end of the sixth month (in addition to the abatement of rent during the period of restoration by IAMSA as provided above). COMPANY’s right to terminate this Agreement will be subject to the COMPANY forwarding to IAMSA any insurance proceeds paid to COMPANY for the loss of Improvements constructed by the LESSOR, in accordance with the Insurance that the COMPANY is obliged to acquire under Section VII of this Agreement. In the event total damage occurs and the reconstruction of the premises commences, IAMSA will exercise its best efforts to re-locate COMPANY to another IAMSA property that is acceptable to COMPANY and suitable for COMPANY’s operations, subject to availability, only for the reconstruction period, in order to help COMPANY with its continuing operations at no charge during such reconstruction.

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