Common use of Destruction by Fire or Other Casualty Clause in Contracts

Destruction by Fire or Other Casualty. In the event that the ------------------------------------- improvements to be constructed on the Property by Lessee shall be totally destroyed by fire or other casualty, Lessee shall not be required to rebuild. Instead, Lessee may elect, within ninety (90) days after the date of loss to terminate this Agreement. If the improvements constructed upon the Property by Lessee are only partially destroyed, Lessee shall promptly reconstruct the improvements to its condition immediately prior to the fire or other casualty. In the event of a complete loss and termination of this Agreement, the rent shall cease to be payable as of the date of loss. In the event of a partial loss, the rent shall be reduced the same percentage as the percentage of the building which is unusable.

Destruction by Fire or Other Casualty. In the event that the ------------------------------------- improvements to be constructed on the Property by Lessee shall be totally destroyed by fire or other casualty, Lessee shall not be required to rebuild. Instead, Lessee may elect, within ninety (90) days after the date of loss to terminate this Agreement. If the improvements constructed upon the Property by Lessee are only partially destroyed, Lessee shall promptly reconstruct the improvements to its condition immediately prior to the fire or other casualty. In the event of a complete loss and termination of this Agreement, the rent shall cease to be payable as of the date of loss. In the event of a partial loss, the rent shall be reduced the same percentage as the percentage of the building which is unusable.

Destruction by Fire or Other Casualty. In the event that the ------------------------------------- improvements to be constructed on the Property by Lessee shall be totally destroyed by fire or other casualty, Lessee shall not be required to rebuild. Instead, Lessee may elect, within ninety (90) days after the date of loss to terminate this Agreement. If the improvements constructed upon the Property by Lessee are only partially destroyed, Lessee shall promptly reconstruct the improvements to its condition immediately prior proper to the fire or other casualty. In the event of a complete loss and termination of this Agreement, the rent shall cease to be payable as of the date of loss. In the event of a partial loss, the rent shall be reduced the same percentage as the percentage of the building which is unusable.