Common use of FIRE AND CASUALTY DAMAGE Clause in Contracts

FIRE AND CASUALTY DAMAGE. A. If the Building, Improvements, or leased premises are rendered partially or wholly untenantable by fire or other casualty, and if such damage cannot, in Landlord's reasonable estimation, be materially restored within ninety (90) days of such damage, then Landlord or Tenant may, at its sole option, terminate this Lease as of the date of such fire or casualty. Landlord or Tenant shall exercise its option provided herein by written notice within sixty (60) days of such fire or other casualty. For purposes hereof, the Building or leased premises shall be deemed "materially restored" if they are in such condition as would not prevent or materially interfere with Tenant's use of the leased premises for the purpose for which it was then being used.

FIRE AND CASUALTY DAMAGE. A. If the Building, Improvementsimprovements, or leased premises Leased Premises are rendered partially or wholly untenantable by fire or other casualty, and if such damage cannot, in Landlord's reasonable estimation, be materially restored within ninety (90) days of such damage, then Landlord or Tenant may, at its sole option, terminate this Lease as of the date of such fire or casualty. Landlord or Tenant shall exercise its option provided herein by written notice within sixty (60) days of such fire or other casualty. For purposes hereof, the Building or leased premises Leased Premises shall be deemed "materially restored" if they are in such condition as would not prevent or materially interfere with Tenant's use of the leased premises Leased Premises for the purpose for which it was then being used.

FIRE AND CASUALTY DAMAGE. A. If the Building, Improvementsimprovements, or leased premises Leased Premises are rendered partially or wholly untenantable by fire or other casualty, and if such damage cannot, in Landlord's reasonable estimation, be materially restored within ninety (90) days of such damage, then Landlord or Tenant may, at its sole option, terminate this Lease as of the date of such fire or casualty. Landlord or Tenant shall exercise its option provided herein by written notice within sixty (60) days of such fire or other casualty. For purposes hereof, the Building or leased premises Leased Premises shall be deemed "“materially restored" ” if they are in such condition as would not prevent or materially interfere with Tenant's use of the leased premises Leased Premises for the purpose for which it was then being used.

FIRE AND CASUALTY DAMAGE. A. (a) If the Building, Improvementsimprovements, or leased premises Leased Premises are rendered partially or wholly untenantable by fire or other casualty, and if such damage cannot, in Landlord's reasonable estimation, be materially restored within ninety sixty (9060) days of such damage, then Landlord or Tenant may, at its sole option, terminate this Lease as of the date of such fire or casualty. Landlord or Tenant shall exercise its option provided herein by written notice to Tenant within sixty (60) days of such fire or other casualty. For purposes hereof, the Building Building, improvements, or leased premises Leased Premises shall be deemed "materially restored" if they are in such condition as would not prevent or materially interfere with Tenant's use of the leased premises Leased Premises for the purpose for which it was then being used.

FIRE AND CASUALTY DAMAGE. A. If the Building, Improvements, Building or leased premises are rendered partially or wholly untenantable by fire or other casualty, and if such damage cannot, in Landlord's ’s reasonable estimation, be materially restored within ninety (90) days of such damage, then Landlord or Tenant may, at its sole option, terminate this Lease lease as of the date of such fire or casualty. Landlord or Tenant shall exercise its option provided herein by written notice within sixty (60) days of such fire or other casualty. For purposes hereof, the Building or leased premises shall be deemed "“materially restored" ” if they are in such condition as would not prevent or materially interfere with Tenant's ’s use of the leased premises for the purpose for which it was then being used.