Common use of Substantial Destruction Clause in Contracts

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be damaged so that rebuilding cannot reasonably be completed within ninety working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 4 contracts

Samples: Commercial Lease (Mathstar Inc), Standard Commercial Lease (Industrial Data Systems Corp), Standard Commercial Lease (Spacehab Inc \Wa\)

AutoNDA by SimpleDocs

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be damaged so that rebuilding cannot reasonably be completed within ninety working days after the date of for written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 2 contracts

Samples: Standard Office Lease (Vialog Corp), Standard Office Lease (Ptek Holdings Inc)

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be damaged so that rebuilding cannot reasonably be completed within ninety working one hundred twenty days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notificationcasualty.

Appears in 2 contracts

Samples: Commercial Lease (Intelect Communications Systems LTD), Commercial Lease (Teraforce Technology Corp)

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be damaged so that rebuilding cannot reasonably be completed within ninety working days after the date of written notification by Lessee Tenant to Lessor Landlord of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the R-186 date of the written notification.

Appears in 1 contract

Samples: Standard Retail Lease (Back Yard Burgers Inc)

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be damaged so that rebuilding cannot reasonably be completed within ninety (90) working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification. Notwithstanding the foregoing there shall be not abatement of rent in the event Tenant is responsible in whole or in part for the casualty or destruction.

Appears in 1 contract

Samples: Commercial Lease Agreement (Hathaway Corp)

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be damaged so that rebuilding cannot reasonably be completed within ninety [interlineated text] one hundred twenty working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 1 contract

Samples: Standard Commercial Lease (Microtune Inc)

Substantial Destruction. If the leased premises Leased Premises should be totally destroyed by fire or other casualty, or if the leased premises Leased Premises should be damaged so that rebuilding cannot reasonably be completed within ninety working days after the date of written notification modification by Lessee Tenant to Lessor Landlord of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 1 contract

Samples: Standard Commercial Lease (Gary Player Direct Inc)

Substantial Destruction. If the leased premises Leased Premises should be totally destroyed by fire or other casualty, or if the leased premises Leased Premises should be damaged so that rebuilding cannot reasonably be completed within ninety (90) working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent Lessee shall be abated for relieved of its obligation to pay base rent and additional rent during the unexpired portion of the Lease, effective as of the date of the written notificationsubstantial destruction.

Appears in 1 contract

Samples: Standard Commercial Lease (New Era of Networks Inc)

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased leases premises should be damaged so that rebuilding cannot reasonably be completed within ninety working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 1 contract

Samples: Commercial Lease (Performance Printing Corp)

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be so damaged so that Lessor determines in its sole discretion that rebuilding cannot reasonably be completed within ninety 120 working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 1 contract

Samples: Lease Agreement (SPR Inc)

Substantial Destruction. If the leased premises Leased Premises should be totally destroyed by fire or other casualty, or if the leased premises Leased Premises should be damaged so that rebuilding cannot reasonably be completed within ninety (90) working days after the date of written notification by Lessee to Lessor of the destruction, by mutual agreement this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 1 contract

Samples: Lease Agreement (Community Financial Group Inc)

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be damaged so that rebuilding cannot reasonably be completed within ninety working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notificationsuch destruction.

Appears in 1 contract

Samples: Standard Commercial Lease (Styrochem International LTD)

AutoNDA by SimpleDocs

Substantial Destruction. If the leased premises Leased Premises should be totally destroyed by fire or other casualty, or if the leased premises Leased Premises should be damaged so that rebuilding cannot reasonably be completed within ninety (90) working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent Lessee shall be abated for relieved of its obligation to pay base rent and additional rent during the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 1 contract

Samples: Commercial Lease (New Era of Networks Inc)

Substantial Destruction. If the leased premises should shall be totally destroyed by fire or other casualty, or if the leased premises should be damaged so that rebuilding cannot reasonably be completed within ninety working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 1 contract

Samples: Standard Commercial Lease (Paysys International Inc)

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be damaged so that rebuilding cannot reasonably be completed within ninety sixty working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 1 contract

Samples: Sublease Agreement (Interactive Entertainment LTD)

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be damaged so that rebuilding cannot reasonably be completed within ninety (90) working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 1 contract

Samples: Standard Office Showroom/Warehouse Commercial Lease (Bollinger Industries Inc)

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be damaged so that rebuilding cannot reasonably be completed within ninety working one hundred fifty days after the date of written notification by Lessee to Lessor of the destruction, or if the leased premises are part of a building which is substantially destroyed (even though the leased premises are not totally or substantially destroyed) this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 1 contract

Samples: Commercial Lease (Techdyne Inc)

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be so damaged so that rebuilding cannot reasonably be completed within ninety 120 working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 1 contract

Samples: Lease Agreement (Liquidmetal Technologies Inc)

Substantial Destruction. If the leased premises should be totally destroyed by fire or other casualty, or if the leased premises should be damaged so that rebuilding cannot reasonably be completed within ninety one hundred eighty working days after the date of written notification by Lessee to Lessor of the destruction, this Lease shall terminate and the rent shall be abated for the unexpired portion of the Lease, effective as of the date of the written notification.

Appears in 1 contract

Samples: Commercial Lease (Allstar Systems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!