Common use of Termination for Material or Uninsured Damages Clause in Contracts

Termination for Material or Uninsured Damages. If the Building shall be destroyed or damaged by fire or other casualty insured against under Landlord's fire and extended coverage insurance policy to the extent that more than ten percent (10%) thereof is rendered untenantable or in the case the Building shall be materially destroyed or damaged by any other casualty other than those covered by such Insurance policy, notwithstanding that the Tenant Premises may be unaffected directly by such destruction or damage, Landlord may at its election, with prior written consent of any first mortgagee, terminate this Lease by notice In writing to Tenant within sixty (60) days after such destruction or damage. Such notice shall be effective thirty (30) days after receipt thereof by Tenant.

Termination for Material or Uninsured Damages. If the Building shall be destroyed or damaged by fire or other casualty insured against under Landlord's fire and extended coverage insurance policy to the extent that more than ten twenty percent (1020%) thereof is rendered untenantable untenantable, or if the Building shall be materially destroyed or damaged to the extent that the restoration of such, in the case Landlord's sole discretion, is not economical or feasible, or if the Building shall be materially destroyed or damaged by any other casualty other than those covered by such Insurance insurance policy, notwithstanding that the Tenant Premises may be unaffected directly by such destruction or damage, Landlord may may, at its election, with prior written consent of any first mortgagee, terminate this Lease by notice In in writing to Tenant within sixty (60) days after such destruction or damage. Such notice shall be effective thirty (30) days after receipt thereof by Tenant.

Termination for Material or Uninsured Damages. If the Building --------------------------------------------- shall be destroyed or damaged by fire or other casualty insured against under Landlord's fire and extended coverage insurance policy to the extent that more than ten fifty percent (1050%) thereof is rendered untenantable untenantable, or in the case if the Building shall be materially destroyed or damaged by any other casualty other than those covered by such Insurance insurance policy, notwithstanding that the Tenant Premises may be unaffected directly by such destruction or damage, Landlord may may, at its election, with prior written consent of any first mortgagee, terminate this Lease by notice In in writing to Tenant within sixty (60) days after such destruction or damage. Such notice shall be effective thirty (30) days after receipt thereof by Tenant.

Termination for Material or Uninsured Damages. If the Building shall be destroyed or damaged by fire or other casualty insured against under Landlord's ’s fire and extended coverage insurance policy to the extent that more than ten fifty percent (1050%) thereof is rendered untenantable untenantable, or in the case if the Building shall be materially destroyed or damaged by any other casualty other than those covered by such Insurance insurance policy, notwithstanding that the Tenant Premises may be unaffected directly by such destruction or damage, Landlord may may, at its election, with prior written consent of any first mortgagee, terminate this Lease by notice In in writing to Tenant within sixty (60) days after such destruction or damage. Such notice shall be effective thirty (30) days after receipt thereof by Tenant.