Common use of Total or Substantial Damage and Destruction Clause in Contracts

Total or Substantial Damage and Destruction. If the Premises or the Building should be damaged or destroyed by fire or other peril, Tenant shall immediately give written notice to Landlord of such damage or destruction. If the Premises or the Building should be totally destroyed by any peril covered by the insurance to be provided by Landlord under Paragraph 9A above, or if they should be so damaged thereby that, in Landlord's estimation, rebuilding or repairs cannot be completed within one hundred and fifty (150) days after the date of such damage or after such completion there is not enough time remaining under the terms of this Lease to fully amortize such rebuilding or repairs, then Landlord shall so notify Tenant in writing and this Lease shall terminate and the rent shall be abated during the unexpired portion of this Lease, effective upon the date of the occurrence of such damage.

Appears in 2 contracts

Samples: Lease Agreement (Advanced Energy Industries Inc), Lease Agreement (Advanced Energy Industries Inc)

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Total or Substantial Damage and Destruction. If the Premises or the Building should be damaged or destroyed by fire or other peril, Tenant shall immediately give written notice to Landlord of such damage or destruction. If the Premises or the Building should be totally destroyed by any peril covered by the insurance to be provided by Landlord under Paragraph 9A above, or if they should be so damaged thereby that, in Landlord's estimation, rebuilding or repairs cannot be completed within one hundred and fifty eighty (150180) days after the date of such damage or after such completion there is would not be enough time remaining under the terms of this Lease to fully amortize such rebuilding or repairs, then Landlord shall so notify Tenant in writing and this Lease shall terminate and the rent shall be abated during the unexpired portion of this Lease, effective upon the date of the occurrence of such damage.

Appears in 2 contracts

Samples: Lease Agreement (Tanisys Technology Inc), Lease Agreement (Infiniti Solutions LTD)

Total or Substantial Damage and Destruction. If the Premises or the ------------------------------------------- Building should be damaged or destroyed by fire or other peril, Tenant shall immediately give written notice to Landlord of such damage or destruction. If the Premises or the Building should be totally destroyed by any peril covered by the insurance to be provided by Landlord under Paragraph 9A above, or if they should be so damaged thereby that, in Landlord's estimation, rebuilding or repairs cannot be completed within one hundred and fifty eighty (150180) days after the date of such damage or after such completion there is would not be enough time remaining under the terms of this Lease to fully amortize such rebuilding or repairs, then Landlord shall so notify Tenant in writing and this Lease shall terminate and the rent shall be abated during the unexpired portion of this Lease, effective upon the date due of the occurrence of such damage.

Appears in 1 contract

Samples: Lease Agreement (Clearcommerce Corp)

Total or Substantial Damage and Destruction. If the Premises or the ------------------------------------------- Building should be damaged or destroyed by fire or other peril, Tenant shall immediately give written notice to Landlord of such damage or destruction. If the Premises or the Building should be totally destroyed by any peril covered by the insurance to be provided by Landlord under Paragraph 9A above, or if they should be so damaged thereby that, in Landlord's estimation, rebuilding or repairs cannot be completed within one hundred and fifty eighty (150180) days after the date of such damage or after such completion there is would not be enough time remaining under the terms of this Lease to fully amortize such rebuilding or repairs, then Landlord shall so notify Tenant in writing and this Lease shall terminate and the rent shall be abated during the unexpired portion of this Lease, effective upon the date of the occurrence of such damage.

Appears in 1 contract

Samples: Lease Agreement (Active Power Inc)

Total or Substantial Damage and Destruction. If the Premises or the Building should be damaged or destroyed by fire or other peril, Tenant shall immediately give written notice to Landlord of such damage or destruction. If the Premises or the Building should be totally destroyed by any peril covered by the insurance to be provided by Landlord under Paragraph 9A above, or if they should be so damaged thereby that, in Landlord's estimation, rebuilding or repairs cannot be completed within one hundred and fifty eighty (150180) days after the date of such damage or after such completion there is would not be enough time remaining under the terms term of this Lease to fully amortize such rebuilding or repairs, then Landlord shall so notify Tenant in writing and this Lease shall terminate and the rent shall be abated during the unexpired portion of this Lease, effective upon the date of the occurrence of such damage.

Appears in 1 contract

Samples: Lease Agreement (Photon Dynamics Inc)

Total or Substantial Damage and Destruction. If the Premises or the Building should be damaged or destroyed by fire or other perilpeel, Tenant shall immediately give written notice to Landlord of such damage or destruction. construction If the Premises or the Building should be totally destroyed by any peril covered by the insurance to be provided by Landlord under Paragraph 9A above, or if they should be so damaged thereby that, that in Landlord's estimation, rebuilding or repairs cannot be completed within one hundred and fifty eighty (150180) days after the date of such damage or after such completion there is would not be enough time lime remaining under the terms of this Lease to fully amortize such rebuilding or repairs, then Landlord shall so notify Tenant in writing and this Lease shall terminate and the rent shall be abated during the unexpired portion of this Lease, effective upon the date of dale xx the occurrence of such damage.

Appears in 1 contract

Samples: Lease Agreement (Cooperative Computing Inc /De/)

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Total or Substantial Damage and Destruction. If the Premises or the Building should be damaged or destroyed by fire or other peril, Tenant shall immediately give written notice to Landlord of such damage or destruction. If the Premises or the Building should be totally destroyed by any peril covered by the insurance to be provided by Landlord under Paragraph 9A above, or if they should be so damaged thereby that, in Landlord's ’s estimation, rebuilding or repairs cannot be completed within one hundred and fifty eighty (150180) days after the date of such damage or after such completion there is would not be enough time remaining under the terms of this Lease to fully amortize such rebuilding or repairs, then Landlord shall so notify Tenant in writing and this Lease shall terminate and the rent shall be abated during the unexpired portion of this Lease, effective upon the date of the occurrence of such damage.. B.

Appears in 1 contract

Samples: Lease Agreement Between Aetna Life (Tanisys Technology Inc)

Total or Substantial Damage and Destruction. If the Premises or the Building should be damaged or destroyed by fire or other peril, Tenant shall immediately give written notice to Landlord of such damage or destruction. If the Premises or the Building should be totally destroyed by any peril covered by the insurance to be provided by Landlord under Paragraph 9A above, or if they should be so damaged thereby that, in Landlord's ’s estimation, rebuilding or repairs cannot be completed within one hundred and fifty eighty (150180) days after the date of such damage or after such completion there is would not be enough time remaining under the terms of this Lease to fully amortize such rebuilding or repairs, then Landlord shall so notify Tenant in writing and this Lease shall terminate and the rent shall be abated during the unexpired portion of this Lease, effective upon the date of the occurrence of such damage.

Appears in 1 contract

Samples: Lease Agreement (Tangoe Inc)

Total or Substantial Damage and Destruction. If the Premises or the Building should be damaged or destroyed by fire or other peril, Tenant shall immediately give written notice to Landlord of such damage or destruction. If the Premises or the Building should be damaged or totally destroyed by any peril not covered by the insurance to be provided by Landlord under Paragraph 9A above, or if they should be so damaged thereby that, in Landlord's ’s estimation, rebuilding or repairs cannot be completed within one hundred and fifty eighty (150180) days after the date of such damage or after such completion there is not enough time remaining under the terms of this Lease to fully amortize such rebuilding or repairs, then Landlord shall so notify Tenant in writing and may terminate this Lease shall terminate and the rent shall be abated during the unexpired portion of this Lease, effective upon the date of the occurrence of such damage.

Appears in 1 contract

Samples: Lease Agreement (Rules-Based Medicine Inc)

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