Common use of Tenant's Right of Termination Clause in Contracts

Tenant's Right of Termination. Where the Tenant has not caused or contributed to the damage or destruction of the Premises and the payment of the insurance for the Premises is not refused due to the act or default of the Tenant, the Tenant may give written notice to the Council terminating this Lease where the Council does not: 21.3.1 give notice to the Tenant pursuant to clause 21.1; or 21.3.2 commence reinstatement within 12 months of the date of damage or destruction. Upon termination of this Lease, each party is released from all further obligations under this Lease except nothing in this clauses releases either party from any breach of this Lease arising prior to the date of termination.

Tenant's Right of Termination. Where the Tenant has not caused or contributed to the damage or destruction of the Premises and the payment of the insurance for the Premises is not refused due to the act or default of the Tenant, the Tenant may give written notice to the Council terminating this Lease where the Council does not: 21.3.1 give notice to the Tenant pursuant to clause 21.121.2; or 21.3.2 commence reinstatement within 12 months of the date of damage or destruction. Upon termination of this Lease, each party is released from all further obligations under this Lease except nothing in this clauses releases either party from any breach of this Lease arising prior to the date of termination.

Tenant's Right of Termination. Where the Tenant has not caused or contributed to the damage or destruction of the Premises and the payment of the insurance for the Premises is not refused due to the act or default of the Tenant, the Tenant may give written notice to the Council terminating this Lease where the Council does not: 21.3.1 give notice to the Tenant pursuant to clause 21.121.2; or 21.3.2 commence reinstatement within 12 months of the date of damage or destruction. Upon termination of this Lease, each party is released from all further obligations under this Lease except nothing in this clauses clause releases either party from any breach of this Lease arising prior to the date of termination.