Common use of Substantial Destruction of the Premises Clause in Contracts

Substantial Destruction of the Premises. If the Premises are --------------------------------------- substantially destroyed (which, as used herein, means destruction or damage to at least seventy-five percent (75%) of the Premises), or rendered wholly untenantable for the purpose for which they were leased, by fire or other casualty whether or not the Buildings are substantially destroyed as provided above, then the parties hereto shall have the following options:

Appears in 1 contract

Samples: Lease (Wam Net Inc)

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Substantial Destruction of the Premises. If the Premises are --------------------------------------- substantially destroyed (which, as used herein, means destruction or damage to at least seventy-five percent (75%) % of the Premises), or rendered wholly untenantable for the purpose for which they were leased, by fire or other casualty whether or not the Buildings are Development Building is substantially destroyed as provided above, then the parties hereto shall have the following options:

Appears in 1 contract

Samples: Development Building and Conference Center Lease Agreement (Cray Inc)

Substantial Destruction of the Premises. If the Premises are --------------------------------------- substantially destroyed (which, as used herein, means destruction or damage to at least seventy-five percent (75%) of the Premises), or rendered wholly untenantable for the purpose for which they were leased, by fire or other casualty whether or not the Buildings are Conference Center is substantially destroyed as provided above, then the parties hereto shall have the following options:

Appears in 1 contract

Samples: Conference Center Lease Agreement (Cray Inc)

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Substantial Destruction of the Premises. If the Premises are --------------------------------------- substantially destroyed (which, as used herein, means destruction or damage to at least seventy-five percent (75%) of the Premises), or rendered wholly untenantable for the purpose for which they were leased, by fire or other casualty whether or not the Buildings are Fab I Building is substantially destroyed as provided above, then the parties hereto shall have the following options:

Appears in 1 contract

Samples: Building Lease Agreement (Cray Inc)

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