Common use of Major Casualty Clause in Contracts

Major Casualty. (a) If any loss, damage or destruction occurs, the cost of Restoration of which equals or exceeds Two Million Dollars ($2,000,000) in the aggregate, determined as provided in Section 8.04(b) (as such amount shall be adjusted on the fifth (5th) anniversary of the Commencement Date and on each fifth (5th) anniversary of the Commencement Date thereafter occurring during the Term, by the percent increase, if any, in the Consumer Price Index for the month in which the applicable anniversary date occurs over the Consumer Price Index for the month in which the Commencement Date occurs, in addition to the requirements set forth in this Article 8 with respect to Restoration, Tenant shall comply with the terms of Article 11 with respect to such Restoration.

Major Casualty. (a) If any loss, damage or destruction occurs, the cost of Restoration of which equals or exceeds Two Million Dollars ($2,000,000) in the aggregate, determined as provided in Section 8.04(b) (as such amount shall be is adjusted on the fifth (5th) anniversary of the Commencement Date and on each fifth (5th) anniversary of the Commencement Date thereafter occurring during the Term, by the percent increase, if any, in the Consumer Price Index for the month in which the applicable anniversary date occurs over the Consumer Price Index for the month in which the Commencement Date occurs, in addition to the requirements set forth in this Article 8 with respect to Restoration, Tenant shall comply with the terms of Article 11 Section 11.02 and Section 11.11 with respect to such Restoration.