Common use of Substantial Destruction Clause in Contracts

Substantial Destruction. If the Leased Premises or any part thereof are damaged by fire or other casualty, Tenant shall give prompt written notice thereof to Landlord: 1) If the Leased Premises are totally destroyed by fire or other casualty, 2) if the Leased Premises are damaged so that rebuilding cannot reasonably be completed within one hundred eighty (180) days after the date of written notification by Tenant to Landlord of the destruction, 3) if the Leased Premises are substantially destroyed (even though the Leased Premises are not totally or substantially destroyed), 4) if the Leased Premises are damaged by fire or other casualty and applicable law would prevent rebuilding to substantially the condition prior to such fire or casualty, 5) if any mortgagee requires the insurance proceeds payable as a result of such casualty to be applied to the payment of the mortgage debt, or 6) the Leased Premises are materially damaged and less than one (1) year remain on the Term on the date of such casualty, Landlord may at its option terminate this Lease by providing Tenant written notice thereof within sixty (60) days of such casualty and xxxxx Base Rent and Additional Rent for the unexpired portion of the Term effective as of the date of the casualty.

Substantial Destruction. If the Leased Premises or any part thereof are damaged by fire or other casualty, Tenant Lessee shall give prompt written notice thereof to Landlord: 1Lessor after Lessee’s actual knowledge of same, (i) If the Leased Premises are totally destroyed by fire or other casualty, 2(ii) if the Leased Premises are damaged so that rebuilding cannot reasonably be commenced within sixty (60) days and completed within one hundred eighty (180) days after the date of written notification by Tenant Lessee to Landlord Lessor of the destruction, 3(iii) if the Leased Premises are part of a building which is substantially destroyed (even though the Leased Premises are not totally or substantially destroyed), 4(iv) if the Leased Premises are or Building is damaged by fire or other casualty and applicable law would prevent rebuilding to substantially the condition prior to such fire or casualty, 5(v) if any mortgagee requires the insurance proceeds payable as a result of such casualty to be applied to the payment of the mortgage debt, debt or 6(vi) if the Leased Premises are materially damaged and less than one two (12) year years remain on the Term on the date of such casualty, Landlord Lessor or Lessee may at its option terminate this Lease by providing Tenant written notice thereof to the other party within sixty (60) days of notice of such casualty and xxxxx Base Rent and Additional Rent for the unexpired portion of the Term effective as of the date of the casualty.

Substantial Destruction. (a) If the Leased Premises or any part thereof are damaged by fire or other casualty, Tenant shall give prompt written notice thereof to Landlord: . 1) If the Leased Premises are totally destroyed by fire or other casualty, 2) if the Leased Premises are damaged so that rebuilding cannot reasonably be completed within one hundred eighty (180) days after the date of written notification by Tenant to Landlord of the destruction, 3) if the Leased Premises are part of a Building which is substantially destroyed (even though the Leased Premises are not totally or substantially destroyed), 4) if the Leased Premises are or Building is damaged by fire or other casualty and applicable law would prevent rebuilding to substantially the condition prior to such fire or casualty, 5) if any mortgagee requires the insurance proceeds payable as a result of such casualty to be applied to the payment of the mortgage debt, or 6) the Leased Premises are materially damaged and less than one two (12) year years remain on the Term on the date of such casualty, or 7) the insurance proceeds are insufficient to reconstruct the Leased Premises or Building to substantially the same condition prior to such fire or casualty, Landlord may at its option terminate this Lease by providing Tenant written notice thereof within sixty (60) days of such casualty and xxxxx Base Rent and Additional Rent for the unexpired portion of the Term effective as of the date of the casualtywritten notification.