Common use of Substantial or Total Destruction Clause in Contracts

Substantial or Total Destruction. If the Property is substantially or totally destroyed by any cause whatsoever (i.e., the damage to the Property is greater than partial damage as described in Section 7.02), and regardless of whether Landlord receives any insurance proceeds, this Lease shall terminate as of the date the destruction occurred. Notwithstanding the preceding sentence, if the Property can be rebuilt within six (6) months after the date of destruction, Landlord may elect to rebuild the Property at Landlord's own expense, in which case this Lease shall remain in full force and effect. Landlord shall notify Tenant of such election within thirty (30) days after Tenant's notice of the occurrence of total or substantial destruction. If Landlord so elects, Landlord shall rebuild the Property at Landlord's sole expense.

Substantial or Total Destruction. If the Property Premises is substantially or totally destroyed by any cause whatsoever (i.e.meaning, the damage to the Property Premises is greater than partial damage as described in Section 7.027.01), and regardless of whether Landlord receives any insurance proceeds, this Lease shall terminate as of the date the destruction occurred. Notwithstanding the preceding sentence, if the Property Premises can be rebuilt within six (6) months after the date of destruction, Landlord may elect to rebuild the Property Premises at Landlord's ’s own expense, in which case this Lease shall remain in full force and effect. Landlord shall notify Tenant of such election within thirty (30) days after Tenant's ’s notice of the occurrence of total or substantial destruction. If Landlord so elects, Landlord shall rebuild the Property Premises at Landlord's ’s sole expense.

Substantial or Total Destruction. If the Property Premises is substantially or totally destroyed by any cause whatsoever (i.e., the damage to the Property Premises is greater than partial damage as described in Section 7.027.01), and regardless of whether Landlord receives any insurance proceeds, this Lease shall terminate as of the date the destruction occurred. Notwithstanding the preceding sentence, if the Property Premises can be rebuilt within six one hundred twenty (6120) months days after the date of destruction, Landlord may elect to rebuild the Property Premises at Landlord's own expense, in which case this Lease shall remain in full force and effect. Landlord shall notify Tenant of such election within thirty fifteen (3015) business days after Tenant's notice of the occurrence of total or substantial destruction. If Landlord so elects, Landlord shall rebuild the Property at Landlord's sole expense.

Substantial or Total Destruction. If the Property is substantially or totally destroyed by any cause whatsoever (i.e., the damage to the Property is greater than partial damage as described in Section 7.027.01), and regardless of whether Landlord Tenant receives any insurance proceeds, this Lease shall terminate as of the date the destruction occurred. Notwithstanding the preceding sentence, if the Property can be rebuilt within six (6) months after the date of destruction, Landlord may elect (but is not required) to rebuild the Property at Landlord's own expenseProperty, but only if the insurance proceeds are in sufficient amounts, in which case this Lease shall remain in full force and effect. Landlord shall notify Tenant of such election within thirty (30) days after Tenant's notice of the occurrence of total or substantial destruction. If Whether or not this Lease terminates or Landlord so electselects to rebuild, Tenant shall pay to Landlord shall rebuild the Property at Landlord's sole expenseall available insurance proceeds.