Common use of Substantial or Total Destruction Clause in Contracts

Substantial or Total Destruction. If the Premises are substantially or totally destroyed by any cause whatsoever (i.e., the damage to the Premises is greater than partial damage as described in Section 7.01), and regardless of whether Landlord receives any insurance proceeds, this Lease shall terminate the later of (i) the date the destruction occurred, or (ii) the date Tenant ceases to do business at the Premises.

Appears in 4 contracts

Samples: Industrial Real Estate Lease (Network Engines Inc), Purchase and Sale Agreement (Home Interiors & Gifts Inc), Industrial Real Estate Lease (Home Interiors & Gifts Inc)

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