Common use of Substantial Damage or Destruction Clause in Contracts

Substantial Damage or Destruction. In the event of Substantial Damage or Destruction of the Premises the Landlord may within sixty (60) days after such damage or destruction and on giving thirty (30) days written notice to the Tenant declare this Lease terminated forthwith and in such event, the Term shall be deemed to have expired and the Tenant shall deliver up possession of the Premises accordingly, rent shall be apportioned and shall be payable up to the date of termination stated in such notice and the Tenant shall be entitled to be repaid by the Landlord any rent paid in advance and unearned or an appropriate portion thereof.

Appears in 2 contracts

Samples: And (NACG Holdings Inc.), Renewal Lease Agreement (Nacg Finance LLC)

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Substantial Damage or Destruction. In the event of Substantial Damage or Destruction of the Premises Premises, the Landlord may within sixty (60) days after such damage or destruction and on giving thirty (30) days written notice to the Tenant declare this Lease terminated forthwith and in such event, the Term shall be deemed to have expired and the Tenant shall deliver up possession of the Premises accordingly, rent shall be apportioned and shall be payable up to the date of termination stated in such notice and the Tenant shall be entitled to be repaid by the Landlord any rent paid in advance and unearned or an appropriate portion thereof.

Appears in 2 contracts

Samples: NACG Holdings Inc., NACG Holdings Inc.

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Substantial Damage or Destruction. In the event of Substantial Damage or Destruction of the Premises Premises, the Landlord may within sixty (60) days after such damage or destruction and on giving thirty (30) days written notice to the Tenant declare this Lease terminated forthwith forthwith, and in such event, event the Term shall be deemed to have expired and the Tenant shall deliver up possession of the Premises accordingly, rent . Rent shall be apportioned and shall be payable payable, subject to any right of abatement under Section 13.1, up to the date of termination stated in such notice and the Tenant shall be entitled to be repaid by the Landlord any rent paid in advance and unearned or an appropriate portion thereof.. "

Appears in 1 contract

Samples: Lease (Onvia Com Inc)

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