Common use of Total Loss Prior to Delivery Clause in Contracts

Total Loss Prior to Delivery. If a Total Loss occurs prior to Delivery, this Agreement shall immediately terminate, and except as expressly stated in this Agreement neither party will have any further obligation or liability under this Agreement, except that Sublessor will repay to Sublessee any prepaid Rent, the amount of Security Deposit, if paid, and return the Letter of Credit under this Agreement.

Total Loss Prior to Delivery. If a Total Loss occurs prior to Delivery, this Agreement shall immediately terminate, and except as expressly stated in this Agreement neither party will have any further obligation or liability under this Agreement, except that Sublessor Lessor will repay to Sublessee Lessee any prepaid Rent, the amount of Security Deposit, if paid, and return the Letter of Credit under this Agreement.