Common use of Substantial Destruction Clause in Contracts

Substantial Destruction. Any damage or destruction to the Premises or the Building which Landlord is not obligated to repair pursuant to Subparagraph 20(a) above will be deemed a substantial destruction. In the event of a substantial destruction, Landlord may elect to either: (i) repair reconstruct and restore the portion of the Building or the Premises damaged by such casualty in which case this Lease will continue in full force and effect, subject to Tenant's termination right contained in Subparagraph 20(c) below; or (ii) terminate this Lease effective as of the date of Tenant's receipt of Landlord s election to so terminate. (c)

Substantial Destruction. Any damage or destruction to the Premises or the Building which Landlord is not obligated to repair pursuant to Subparagraph 20(a) above will be deemed a substantial destruction. In the event of a substantial destruction, Landlord may elect to either: either (i) repair repair, reconstruct and restore the portion of the Building or the Premises damaged by such casualty casualty, in which case this Lease will continue in full force and effect, subject to Tenant's termination right contained in Subparagraph 20(c20(d) below; or (ii) terminate this Lease effective as of the date of Tenant's receipt of Landlord s election to so terminate. (c)the casualty.

Substantial Destruction. Any damage or destruction to the Premises or the Building which Landlord is not obligated to repair pursuant to Subparagraph 20(a) above will be deemed a substantial destruction. In the event of a substantial destruction, Landlord may elect to either: (i) repair repair, reconstruct and restore the portion of the Building or the Premises damaged by such casualty casualty, in which case this Lease will continue in full force and effect, subject to Tenant's termination right contained in Subparagraph 20(c20(d) below; or (ii) terminate this Lease effective as of the date of Tenant's receipt of Landlord s election to so terminate. (c)such destruction.

Substantial Destruction. Any damage or destruction to the Premises or the Building which Landlord is not obligated to repair pursuant to Subparagraph 20(a) above will be deemed a substantial destruction. In the event of a substantial destruction, destruction Landlord may elect to either: (i) repair reconstruct and restore the portion of the Building or the Premises damaged by such casualty in which case this Lease will continue in full force and effect, effect subject to Tenant's Tenant s termination right contained in Subparagraph 20(c) below; or (ii) terminate this Lease effective as of the date of Tenant's receipt of Landlord s election to so terminate. (c).