Common use of Termination of Lease for Certain Losses Clause in Contracts

Termination of Lease for Certain Losses. Section 7.02. (a) Notwithstanding any other provision of this Lease, if any improvements located on the Premises are damaged or destroyed to such extent it will cost more than $100,000.00 to repair or replace them, and the damage or destruction is caused by a peril against which insurance is not required to be carried by this Lease, Lessor may terminate this Lease by giving Lessee written notice of the termination. The notice must be given within sixty (60) days after the occurrence of the damage or destruction.

Termination of Lease for Certain Losses. Section 7.02. (ai) Notwithstanding any other provision of this Lease, if any improvements located on the Premises are damaged or destroyed to such an extent it will cost more than $100,000.00 250,000.00 (as determined by Lessor in the exercise of its reasonable discretion) to repair or replace them, and the damage or destruction is caused by a peril against which insurance is not required to be carried by this Lease, Lessor may terminate this Lease by giving Lessee written notice of the termination. The notice must be given within sixty thirty (6030) days after the occurrence of the damage or destruction.

Termination of Lease for Certain Losses. Section 7.02. (a) Notwithstanding any other provision of this Lease, if any improvements Building located on the Premises are damaged or destroyed to such an extent it will cost more than Five Hundred Thousand Dollars ($100,000.00 500,000) to repair or replace them, and the damage or destruction is caused by a peril against which insurance is not required to be carried by this Lease, Lessor may terminate this Lease by giving Lessee written notice of the termination. The notice must be given within sixty thirty (6030) days after the occurrence of the damage or destruction.

Termination of Lease for Certain Losses. Section 7.02. 7.02 (a) Notwithstanding any other provision of this Lease, if any improvements located on the Premises are damaged or destroyed to such extent it will cost more than $100,000.00 to repair or replace them, and the damage or destruction is caused by a peril against which insurance is not required to be carried by this Lease, Lessor may terminate this Lease by giving Lessee written notice of the termination. The notice must be given within sixty (60) days after the occurrence of the damage or destruction.

Termination of Lease for Certain Losses. Section 7.028.02. (a) Notwithstanding any other provision of this Leaselease, if any improvements located on the Premises are damaged or destroyed to such extent it will cost more than $100,000.00 to repair or replace them, and the damage or destruction is caused by a peril against which insurance is not required to be carried by this Leaselease, Lessor may terminate this Lease lease by giving Lessee written notice of the termination. The notice must be given within sixty (60) days after the occurrence of the damage or destruction.

Termination of Lease for Certain Losses. Section 7.02. (a) Notwithstanding any other provision of this Lease, if any improvements located on the Premises are damaged or destroyed to such extent it will cost more than $100,000.00 to repair or replace them, and the damage or destruction is caused by a peril against which insurance is not required to be carried by this Lease, Lessor may terminate this Lease by giving Lessee written notice of the termination. The notice must be given within sixty slit/ (60) days after the occurrence of the damage or destruction.