Common use of DAMAGE BY FIRE OR OTHER CAUSE Clause in Contracts

DAMAGE BY FIRE OR OTHER CAUSE. SECTION 15.1 If the Building or any portion thereof is damaged or destroyed by any casualty to the extent that, in Landlord's reasonable judgment, (a) repair of such damage or destruction would not be economically feasible, or (b) the damage or destruction to the Building cannot be repaired within three hundred sixty (360) days after the date of such damage or destruction, or if the proceeds from insurance remaining after any required payment to any mortgagee or lessor of Landlord are insufficient to repair such damage or destruction, then both Landlord and Tenant shall have the right to terminate this Lease by giving written notice of such termination to the other within sixty (60) days after the date of such damage or destruction.

DAMAGE BY FIRE OR OTHER CAUSE. SECTION 15.1 15.01 If the Building or any portion thereof is damaged or destroyed by any casualty to the extent that, in Landlord's reasonable judgment, (a) repair of such damage or destruction would not be economically feasible, or (b) the damage or destruction to the Building cannot be repaired within three hundred sixty (360) days after the date of such damage or destruction, or if the proceeds from Landlord's insurance remaining after any required payment to any mortgagee or lessor of Landlord are insufficient to repair such damage or destruction, then both Landlord and Tenant shall have the right right, at Landlord's option, to terminate this Lease by giving written Tenant notice of such termination to the other termination, within sixty (60) days after the date of such damage or destruction.

DAMAGE BY FIRE OR OTHER CAUSE. SECTION Section 15.1 If the Building or any portion thereof is damaged or destroyed by any casualty to the extent that, in Landlord's reasonable judgment, (ai) repair of such damage or destruction would not be economically feasible, or (b) the damage or destruction to the Building cannot be repaired within three hundred sixty (360) days after the date of such damage or destruction, or (ii) if the proceeds from insurance remaining after any required payment to any mortgagee or lessor of Landlord are insufficient to repair such damage or destruction, then both Landlord and Tenant shall have the right right, at Landlord's option, to terminate this Lease by giving written Tenant notice of such termination to the other termination, within sixty (60) days after the date of such damage or destruction.

DAMAGE BY FIRE OR OTHER CAUSE. SECTION 15.1 Section 15.01. If the Building or any portion thereof is damaged or destroyed by any casualty to the extent that, in Landlord's reasonable judgment, (a) repair of such damage or destruction would not be economically feasible, or (b) the damage or destruction to the Building cannot be repaired within three one hundred sixty eighty (360180) days after the date of such damage or destruction, or if the proceeds from insurance remaining after any required payment to any mortgagee or lessor of Landlord are insufficient to repair such damage or destruction, then both Landlord and Tenant shall have the right right, at Landlord's option, to terminate this Lease by giving written Tenant notice of such termination to the other termination, within sixty (60) days after the date of such damage or destruction.

DAMAGE BY FIRE OR OTHER CAUSE. SECTION Section 15.1 If the Building or any a portion thereof is damaged or destroyed by any casualty to the extent that, in Landlord's ’s reasonable judgment, (a) repair of such damage or destruction would not be economically feasible, or (b) the damage or destruction to the Building cannot be repaired within three hundred sixty (360) days after the date of such damage or destruction, or if the proceeds from insurance remaining after any required payment to any mortgagee or lessor of Landlord are insufficient to repair such damage or destruction, then both Landlord and Tenant shall have the right right, at Landlord’s option, to terminate this Lease by giving written Tenant notice of such termination to the other termination, within sixty (60) days after the date of such damage or destruction.