Common use of Damage to Building Clause in Contracts

Damage to Building. If the Building or any portion thereof is damaged or destroyed by any cause whatsoever, to the extent that, (a) in Landlord's reasonable judgment, it would not be economically feasible to repair or restore such damage or destruction, or (b) in Landlord's reasonable judgment, the damage or destruction to the Building cannot be repaired or restored within three hundred sixty (360) days after such damage or destruction, either Landlord or Tenant may, at their option, terminate this Lease by giving notice of such termination to the other party within sixty (60) days after such damage or destruction.

Damage to Building. If the Building or any portion thereof is damaged or destroyed by any cause whatsoever, to the extent that, (a) in Landlord's reasonable judgment, it would not be economically feasible to repair or restore such damage or destruction, or (b) in Landlord's reasonable judgment, the damage or destruction to the Building cannot be repaired or restored within three hundred sixty (360) days after such damage or destruction, either Landlord or Tenant may, at their its option, terminate this Lease by giving Tenant notice of such termination to the other party within sixty (60) days after such damage or destruction.