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 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 and the damage cannot be repaired within sixty (60) 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 twenty (20) 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 hereunder, Tenant paying rent pro rate only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may rebuild or not, according to its own wishes and needs.

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the 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 or the then current legal use for which the premises are being used and the damage which damages cannot be repaired within sixty one hundred twenty (60120) days, 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 twenty thirty (2030) 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 hereunder, Tenant paying rent rental pro rate 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, according to its own wishes and needs.

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the leased premises 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 and the damage cannot be repaired within sixty (60) 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 twenty (20) 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 hereunder, Tenant paying rent pro rate only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may rebuild or not, according to its own wishes and needs.

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the 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 or the then current legal use for which the premises are being used and the damage which damages cannot be repaired within sixty (60) days, 60 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 twenty (20) 20 days after such destruction. Tenant shall surrender possession within ten (10) 10 days after such notice issues, issues and each party shall be released from all future obligations hereunderobligations, and Tenant paying shall pay rent pro rate 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, according to at its own wishes and needsdiscretion.

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the 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 or the then current legal use for which the premises are being used and the damage which damages cannot be repaired within sixty (60) days, 90 days this lease may be terminated at the option of either the Landlord Landlords or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within twenty (20) 20 days after such destruction. Tenant shall surrender possession within ten (10) 10 days after such notice issues, issues and each party shall be released from all future obligations hereunderfurther obligations, and Tenant paying shall pay rent pro rate rata only to the date of such destruction. In the event of such termination of this lease, Landlord Landlords at its their option, may rebuild or not, according to its own wishes and needsat their discretion.