Common use of Substantial or Total Destruction Clause in Contracts

Substantial or Total Destruction. If the Leased Premises is substantially or totally destroyed by any cause whatsoever (i.e., the damage to the Leased Premises is greater than partial damage as described above), and regardless of whether Landlord receives any insurance proceeds, this Lease shall terminate as of the date the destruction occurred. Notwithstanding the preceding sentence, if the Leased Premises can be rebuilt within six (6) months after the date of destruction, Landlord may elect to rebuild the Leased Premises at Landlord’s own expense, in which case this Lease shall remain in full force and effect Landlord shall notify Tenant of such election within thirty (30) days after Tenant’s notice of the occurrence of total or substantial destruction. If Landlord so elects, Landlord shall rebuild the Leased Premises at Landlord’s sole expense, except that if the destruction was caused by an act of neglect or willful omission of Tenant, Tenant shall pay Landlord the difference between the actual cost of rebuilding and any insurance proceeds received by Landlord.

Substantial or Total Destruction. If the Leased Premises Property is substantially or totally destroyed by any cause whatsoever (i.e., the damage to the Leased Premises Property is greater than partial damage as described abovein Section 7.01), and regardless of whether Landlord receives any insurance proceeds, this Lease shall terminate as of the date the destruction occurred. Notwithstanding the preceding sentence, if the Leased Premises Property can be rebuilt within six (6) months after the date of destruction, Landlord may elect to rebuild rebuilt the Leased Premises Property at Landlord’s 's own expense, in which case this Lease shall remain in full force and effect effect. Landlord shall notify Tenant of such election within thirty (30) days after Tenant’s notice Tenaxx'x xotice of the occurrence of total or substantial destruction. If repairs are not completed within six (6) months after the date of destruction, Tenant may terminate this Lease upon written notice to Landlord. If Landlord so elects, Landlord shall rebuild the Leased Premises Property at Landlord’s 's sole expense, except that if the destruction was caused by an act of neglect or willful omission of Tenant, Tenant shall pay Landlord the difference between the actual cost of rebuilding and any insurance proceeds received by Landlord.

Substantial or Total Destruction. If the Leased Premises Property is substantially or totally destroyed by any cause whatsoever (i.e., the damage to the Leased Premises Property is greater than partial damage as described abovein Section 7.01), and regardless of whether Landlord receives any insurance proceeds, this Lease shall terminate as of the date the destruction occurred. Notwithstanding the preceding sentence, if the Leased Premises Property can be rebuilt within six twelve (612) months after the date of destruction, Landlord Tenant may elect to rebuild the Leased Premises at Landlord’s own expenseProperty with the insurance proceeds which shall be assigned to Tenant, but such proceeds may be held by Landlord or mortgage lender and paid to Tenant as the work progresses, in which case this Lease shall remain in full force and effect Landlord effect. Tenant shall notify Tenant Landlord of such election within thirty (30) days after Tenant’s notice of the occurrence of total or substantial destruction. If Landlord so electselects except for the last three (3) years of the Lease term (as may have been extended), Landlord shall rebuild the Leased Premises Property at Landlord’s sole expense, except that if the destruction was caused by an act of neglect or willful omission of Tenant, Tenant shall pay Landlord the difference between the actual cost of rebuilding and any insurance proceeds received by Landlord.

Substantial or Total Destruction. If the Leased Premises is substantially or totally destroyed by any cause whatsoever (i.e.meaning, the damage to the Leased Premises is greater than partial damage as described abovein Section 7.01), and regardless of whether Landlord receives any insurance proceeds, this Lease shall terminate as of the date the destruction occurred. Notwithstanding the preceding sentence, if the Leased Premises can be rebuilt within six three (63) months after the date of destructiondestruction or if the destruction was caused by Tenant, Landlord may elect to rebuild the Leased Premises at Landlord’s own expense, in which case this Lease shall remain in full force and effect and Landlord shall rebuild the Premises within said three months if the destruction was not caused by Tenant or within a reasonable time period if the destruction was caused by Tenant. Landlord shall notify Tenant of such election within thirty (30) days after Tenant’s notice of the occurrence of total or substantial destruction. If Landlord so elects, Landlord shall rebuild the Leased Premises at Landlord’s sole expense, except that if the destruction was caused by an act of neglect or willful omission of Tenant, Tenant shall pay Landlord the difference between the actual cost of rebuilding and any insurance proceeds received by Landlord.