Common use of TOTAL DESTRUCTION OF BUSINESS USE Clause in Contracts

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the Leased Premises including the parking area (if parking area is a part of this lease) so that Tenant is not able to conduct its business on the Premises or the then current legal use for which the Premises is being used and which damages cannot be repaired within one hundred eighty (180) days this lease may be terminated at the option of either the Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within thirty (30) days after such destruction. Tenant shall surrender possession within ten (10) days after such notice issues and each party shall be released from all future obligations, and Tenant shall pay rent pro rata only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may rebuild or not, at its discretion.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the Leased Premises leased premises including the parking area (if a parking area is a part of the subject matter of this lease) so that Tenant is not able to conduct its business on the Premises premises or the then current legal use for which the Premises is premises are being used and which damages cannot be repaired within one hundred eighty sixty (18060) _______________ days this lease may be terminated at the option of either the Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within thirty (30) 30 days after such destruction. Tenant shall surrender possession within ten (10) ____________ days after such notice issues issues, and each party shall be released from all future obligationsobligations hereunder, and Tenant shall pay rent paying rental pro rata only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may rebuild or not, at according to its discretionown wishes and needs.

Appears in 1 contract

Samples: Lease (McLeod Inc)

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the Leased Premises leased premises including the parking area (if parking area is a part of this lease) so that Tenant is not able to conduct its business on the Premises premises or the then current legal use for which the Premises is premises are being used and which damages cannot be repaired within one hundred eighty sixty (18060) days this lease may be terminated at the option of either the Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within thirty (30) days after such destruction. Tenant shall surrender possession within ten thirty (1030) days after such notice issues and each party shall be released from all future obligations, and Tenant shall pay rent pro rata only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may rebuild or not, at its sole discretion.

Appears in 1 contract

Samples: Cycle Country Accessories Corp

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the Leased Premises leased premises including the parking area (if a parking area is a part of the subject matter of this leaseLease) so that Tenant TENANT is not able to conduct its business on the Premises premises or the then current legal use for which the Premises is premises are being used and which damages cannot be repaired within one hundred eighty ninety (18090) days this lease Lease may be terminated at the option of either the Landlord LANDLORD or TenantTENANT. Such termination in such event shall be effected affected by written notice of one party to the other, within thirty twenty (3020) days after such destruction. Tenant TENANT shall surrender possession within ten (10) days after such notice issues issues, and each party shall be released from all future obligationsobligations hereunder, and Tenant shall pay rent TENANT paying rental pro rata only to the date of such destruction. In the event of such termination of this leaseLease, Landlord LANDLORD at its option, may rebuild or not, at according to its discretionwishes and needs.

Appears in 1 contract

Samples: Lease Agreement (Cardio Diagnostics Holdings, Inc.)

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the Leased Premises leased premises including the parking area (if a parking area is a part of the subject matter of this lease) so that Tenant is not able to conduct its business on the Premises premises or the then current legal use for which the Premises is premises are being used and which damages cannot be repaired within one hundred eighty sixty (18060) sixty days this lease may be terminated at the option of either the Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within thirty twenty (3020) twenty days after such destruction. Tenant shall surrender possession within ten (10) ten days after such notice issues issues, and each party shall be released from all future obligationsobligations hereunder, and Tenant shall pay rent paying rental pro rata only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, option may rebuild or not, at according to its discretionown wishes and needs.

Appears in 1 contract

Samples: Lease (Cycle Country Accessories Corp)

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the Leased Premises leased premises including the parking area (if parking area is a part of this lease) so that Tenant is not able to conduct its business on the Premises premises or the then current legal use for which the Premises is premises are being used and which damages cannot be repaired within one hundred eighty sixty (18060) days this lease may be terminated at the option of either the Landlord or Tenant. Such termination in such event shall be effected affected by written notice of one party to the other, within thirty 30 (30thirty) days after such destruction. Tenant shall surrender possession within ten (10) days after such notice issues and each party shall be released from all future obligations, and Tenant shall pay rent pro rata only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may rebuild or not, at its discretion.

Appears in 1 contract

Samples: Lease (Greenman Technologies Inc)

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the Leased Premises leased premises including the parking area (if a parking area is a part of the subject matter of this lease) so that Tenant is not able to conduct its business on the Premises premises or the then current legal use for which the Premises is premises are being used and which damages cannot be repaired within one hundred eighty sixty (18060) days this lease may be terminated at the option of either the Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within thirty twenty (3020) days after such destruction. Tenant shall surrender possession within ten (10) days after such notice issues issues, and each party shall be released from all future obligationsobligations hereunder, and Tenant shall pay rent paying rental pro rata only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, option may rebuild or not, at according to its discretionown wishes and needs.

Appears in 1 contract

Samples: Lease (Cycle Country Accessories Corp)

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TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the Leased Premises leased premises including the parking area (if parking area is a part of this lease) so that Tenant is not able to conduct its business on the Premises premises or the then current legal use for which the Premises is premises are being used and which damages cannot be repaired within one hundred eighty sixty (18060) days this lease may be terminated at the option of either the Landlord or the Tenant. Such termination in such event shall be effected affected by written notice of one party to the other, within thirty (30) 30 days after such destruction. Tenant shall surrender possession within ten (10) 10 days after such notice issues and each party shall be released from all future obligations, and Tenant shall pay rent pro rata only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may rebuild or not, at its discretion.

Appears in 1 contract

Samples: Lease Agreement (Greenman Technologies Inc)

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the Leased Premises leased premises including the parking area (if a parking area is a part of the subject matter of this lease) so that Tenant is not able to conduct its business on the Premises premises or the then current legal use for which the Premises is premises are being used and which damages cannot be repaired within one hundred eighty sixty (18060) days this lease may be terminated at the option of either the Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within thirty twenty (3020) days after such destruction. Tenant shall surrender possession within ten (10) days after such notice issues issues, and each party shall be released from all future obligationsobligations hereunder, and Tenant shall pay rent paying rental pro rata only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may rebuild or not, at according to its discretionown wishes and needs.

Appears in 1 contract

Samples: Lease Agreement (Papa Johns International Inc)

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the Leased Premises leased premises including the parking area (if a parking area is a part of the subject matter of this lease) so that Tenant is not able to conduct its business on the Premises premises or the then current legal use for which the Premises is premises are being used and which damages cannot be repaired within one hundred eighty sixty (18060) days this lease may be terminated at the option of either the Landlord or the Tenant. Such termination in such event shall be effected by written notice of one party to the other, within thirty twenty (3020) days after such destruction. Tenant shall surrender possession within ten (10) days after such notice issues issues, and each party shall be released from all future obligationsobligations hereunder, and Tenant shall pay rent paying rental pro rata rate only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may may, rebuild or not, at according to its discretionown wishes and needs.

Appears in 1 contract

Samples: Lease Agreement

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