Rebuild Last 24 Months Sample Clauses

Rebuild Last 24 Months. If the Premises are so damaged by fire or other casualty (whether or not insured) at any time during 9th extended term and the cost to repair such damage is reasonably estimated to exceed one-half of the total Annual Fixed Rent payable hereunder for the period from the estimated completion date of repair until the end of the Term, and Landlord determines not to repair such damage , then and in any event, this Lease and the term thereof may be terminated at the election of Landlord by a notice from the Landlord to Tenant within sixty (60) days following such fire or other casualty. In the event of any termination, this Lease and the Term hereof shall expire as of such effective termination date as though that were the date originally stipulated in Section 1.06 for the end of the Term and the fixed Rent shall be apportioned as of such date. Except for the final extended term, the Tenant, unless the lease is terminated, may extend the term if the loss occurs during any term but the final term so as to require Landlord to rebuild according to this Section 7.
Sample 1
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Rebuild Last 24 Months. If the premises are so damaged by fire or other casualty at any time during the last twenty-four months of any Term and the cost to repair such damage is reasonably estimated to exceed one-half of the total Annual Fixed Rent payable hereunder for the period from the estimated completion date of repair until the end of the Term, and Lessee determines not to repair such damage , then and in any event, this Lease and the term thereof may be terminated at the election of Lessee by a notice to the Lessor from the Lessee within sixty (60) days following such fire or other casualty. In the event of any termination, this Lease and the Term hereof shall expire as of such effective termination date as though that were the date originally stipulated in Section 1 for the end of the Term and the fixed rent shall be apportioned as of such date and the fire insurance proceeds less any Lessee expenditures shall be turned over to the lessor. Except for the final twenty-four months of the final extended term, the Lessee, unless the lease is terminated, may extend the term if the loss occurs during any term but the final term so as to allow the Lessee to rebuild according to this lease.
Sample 1

Related to Rebuild Last 24 Months

  • Cost of Repairs 54.1 Loss or damage to the Works or Materials to be incorporated in the Works between the Start Date and the end of the Defects Correction periods shall be remedied by the Contractor at the Contractor's cost if the loss or damage arises from the Contractor's acts or omissions.

  • Final Completion Date Final Completion for the Work as defined in Article 6.1.3 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by September 30, 2022.

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  • Substantial Completion Date Substantial Completion of the Work as defined in Article 6.1.2 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by July 31, 2022.

  • DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION § 3.1 The date of commencement of the Work shall be: (Check one of the following boxes.) [ « » ] The date of this Agreement. [ « » ] A date set forth in a notice to proceed issued by the Owner. [ « » ] Established as follows: (Insert a date or a means to determine the date of commencement of the Work.) « » If a date of commencement of the Work is not selected, then the date of commencement shall be the date of this Agreement.

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