Common use of TOTAL DESTRUCTION OF BUSINESS USE Clause in Contracts

TOTAL DESTRUCTION OF BUSINESS USE. In the event of destruction or damage of the Leased Area so that Tenant is not able to conduct its business on the premises for the then current legal use for which the premises are being used and which damages cannot be repaired within 60 days, this lease may be terminated at the option of either Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within 20 days after such destruction. Tenant shall surrender possession within 10 days after such notice issues, and each party shall be released from all future obligations hereunder, Tenant paying rental prorata 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 Area leased Premises so that Tenant is not able to conduct its business on the premises for and the then current legal use for which the premises are being used and which damages damage cannot be repaired within 60 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 20 twenty (20) days after such destruction. Tenant shall surrender possession within 10 ten (10) days after such notice issues, and each party shall be released from all future obligations hereunder, Tenant paying rental prorata rent pro rate 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, according to its own wishes and needs.

TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the Leased Area so that Tenant Premises, including the parking area, which damage is not able to conduct repairable within sixty (60) days after its business on the premises for the then current legal use for which the premises are being used and which damages cannot be repaired within 60 daysoccurrence, this lease Lease may be terminated at the option of either the Landlord or Tenant. Such termination Termination in such event shall be effected by written notice of one party to the other, within 20 thirty (30) days after such destruction. Tenant shall surrender possession within 10 thirty (30) days after such notice issues, is issued and each party shall be released from all future obligations hereunderobligations, and Tenant paying rental prorata shall pay rent pro rata only to the date of such destruction. In the event of such termination of this leaseLease, Landlord at its option discretion may rebuild or not, according to its own wishes and needs.