Common use of Damage or Destruction Near End of Lease Term Clause in Contracts

Damage or Destruction Near End of Lease Term. Notwithstanding anything to the contrary contained in this Paragraph 15, in the event the Premises are damaged or destroyed in whole or in part (regardless of the extent of damage) from any cause during the last twelve (12) months of the Lease Term, Landlord or Tenant may, at its option, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other of its election to do so within thirty (30) days after the event of such damage or destruction. For purposes of this Paragraph 15.5, if Tenant has been granted an option to extend or renew the Lease Term pursuant to another provision of this Lease, then the damage or destruction shall be deemed to have occurred during the last twelve (12) months of the Lease Term if Tenant fails to exercise its option to extend or renew within twenty (20) days after the event of damage or destruction.

Damage or Destruction Near End of Lease Term. Notwithstanding anything to the contrary contained in this Paragraph 15Article 12, in the event the Premises are damaged or destroyed in whole or in part (regardless of the extent of damage) from any cause during the last twelve (12) months of the Lease Term, Landlord or Tenant may, at its Landlord's option, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other Tenant of its Landlord's election to do so within thirty (30) days after the event of such damage or destruction. For purposes of this Paragraph 15.5Section 12.6, if Tenant has been granted an option to extend or renew the Lease Term pursuant to another provision of this Lease, then the damage or destruction shall be deemed to have occurred during the last twelve (12) months of the Lease Term if Tenant fails to exercise its option to extend or renew within twenty (20) days after the event of damage or destruction.if

Damage or Destruction Near End of Lease Term. Notwithstanding anything to the contrary contained in this Paragraph 15Article 12, in the event the Premises are damaged or destroyed in whole or in part (regardless of the extent of damage) from any cause during the last twelve (12) months of the Lease Term, Landlord or Tenant may, at its Landlord's option, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other Tenant of its Landlord's election to do so within thirty (30) days after the event of such damage or destruction. For purposes of this Paragraph 15.5Section 12.6, if Tenant has been granted an option to extend or renew the Lease Term pursuant to another provision of this Lease, then the damage or destruction shall be deemed to have occurred during the last twelve (12) months of the Lease Term if Tenant fails to exercise its option to extend or renew within twenty (20) days after of the event of damage or destruction.

Damage or Destruction Near End of Lease Term. Notwithstanding -------------------------------------------- anything to the contrary contained in this Paragraph 15, in the event the Premises are damaged or destroyed in whole or in part (regardless of the extent of damage) from any cause during the last twelve (12) months of the Lease Term, Landlord or Tenant may, at its option, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other of its election to do so within thirty (30) days after the event of such damage or destruction. For purposes of this Paragraph 15.5, if Tenant has been granted an option to extend or renew the Lease Term pursuant to another provision of this Lease, then the damage or destruction shall be deemed to have occurred during the last twelve (12) months of the Lease Term if Tenant fails to exercise its option to extend or renew within twenty (20) days after the event of damage or destruction.

Damage or Destruction Near End of Lease Term. Notwithstanding anything to the contrary contained in this Paragraph Article 15, in the event the Premises are damaged or destroyed in whole or in part (regardless of the extent of damage) from any cause during the last twelve (12) months of the Lease Term, Landlord or Tenant may, at its Landlord's option, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other Tenant of its Landlord's election to do so within thirty (30) days after the event of such damage or destruction. For purposes of this Paragraph 15.5Section 15.6, if Tenant has been granted an option to extend or renew the Lease Term pursuant to another provision of this Lease, then the damage or destruction shall be deemed to have occurred during the last twelve (12) months of the Lease Term if Tenant fails to exercise its option to extend or renew within twenty (20) days after of the event of damage or destruction.

Damage or Destruction Near End of Lease Term. Notwithstanding Not withstanding anything to the contrary contained in this Paragraph Article 15, in the event the Premises are damaged or destroyed in whole or in part (regardless of the extent of damage) from any cause during the last twelve (12) months of the Lease Term, Landlord or Tenant may, at its Landlord's option, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other Tenant of its Landlord's election to do so within thirty (30) days after the event of such damage or destruction. For purposes of this Paragraph 15.5Section 15.6, if Tenant has been granted an option to extend or renew the Lease Term pursuant to another provision of this Lease, then the damage or destruction shall be deemed to have occurred during the last twelve (12) months of the Lease Term if Tenant fails to exercise its option to extend or renew within twenty (20) days after of the event of damage or destruction.

Damage or Destruction Near End of Lease Term. Notwithstanding -------------------------------------------- anything to the contrary contained in this Paragraph 15, in the event the Premises are materially damaged or destroyed in whole or in part (regardless of the extent of damage) from any cause during the last twelve (12) months of the Lease Term, Landlord or Tenant may, at its option, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other of its election to do so within thirty (30) days after the event of such damage or destruction. For purposes of this Paragraph 15.5, if Tenant has been granted an option to extend or renew the Lease Term pursuant to another provision of this Lease, then the damage or destruction shall be deemed to have occurred during the last twelve (12) months of the Lease Term if Tenant fails to exercise its option to extend or renew within twenty (20) days after the event of damage or destruction.

Damage or Destruction Near End of Lease Term. Notwithstanding anything to the contrary contained in this Paragraph 1514, in the event the Premises are damaged or destroyed in whole or in part (regardless of the extent of damage) from any cause during the last twelve (12) months of the Lease Term, Landlord or Tenant may, at its Landlord's option, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other Tenant of its Landlord's election to do so within thirty (30) days after the event of such damage or destruction. For purposes of this Paragraph 15.514.5, if Tenant has been granted an option to extend or renew the Lease Term pursuant to another provision of this Lease, then the damage or destruction shall be deemed to have occurred during the last twelve (12) months of the Lease Term if Tenant fails falls to exercise its option to extend or renew within twenty (20) days after of the event of damage or destruction.

Damage or Destruction Near End of Lease Term. Notwithstanding anything to the contrary contained in this Paragraph 15, in the event the Premises are damaged or destroyed in whole or in part (regardless of the extent of damage) from any cause during the last twelve (12) months of the Lease Term, Landlord or Tenant may, at its Landlord’s option, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other Tenant of its Landlord’s election to do so within thirty (30) days after the event of such damage or destruction. For purposes of this Paragraph 15.5, if Tenant has been granted an option to extend or renew the Lease Term pursuant to another provision of this Lease, then the damage or destruction shall be deemed to have occurred during the last twelve (12) months of the Lease Term if Tenant fails to exercise its option to extend or renew within twenty (20) days after the event of damage or destruction.