Common use of UNTENANTABILITY Clause in Contracts

UNTENANTABILITY. (a) A “Total Loss” shall be deemed to have occurred if (i) the Building is so damaged by fire or other casualty that the estimated cost to repair same amounts to 50% or more of the total estimated construction cost of the entire Building or (ii) the Building is so damaged by fire or other casualty that Lessor, in its sole discretion, decides to demolish and not to immediately rebuild same, or (iii) the Leased Premises or Building is damaged by fire or other casualty during the last 12 months of the Term hereof. Any other casualty loss not amounting to a Total Loss shall be deemed a Partial Loss.

UNTENANTABILITY. (a) A “Total Loss” shall be deemed to have occurred if (i) the Building is so damaged by fire or other casualty that the estimated cost to repair same amounts to fifty percent (50% %) or more of the total estimated construction cost of the entire Building or Building; (ii) the Building is so damaged by fire or other casualty that LessorLandlord, in its sole discretion, decides to demolish and not to immediately rebuild same, ; or (iii) the Leased Premises or Building is damaged by fire or other casualty during the last 12 months of the Term hereof. hereof Any other casualty loss not amounting to a Total Loss shall be deemed a “Partial Loss”.