Termination for Damage Sample Clauses

Termination for Damage. Notwithstanding the foregoing provisions of this Article XIV, if the Demised Premises shall be substantially damaged or destroyed by fire, windstorm or otherwise within the last three (3) years of the term of this Lease, Landlord shall have the right to terminate this Lease by giving written notice of Landlord's intention to terminate to Tenant not later than ninety (90) days after Landlord first receives written notice from Tenant of such damage or destruction. Further, in the event that such substantial damage to the Demised Premises occurs within the last two (2) years of the term of this Lease, Tenant may terminate this Lease, provided it gives notice to Landlord within sixty (60) days after such substantial damage or destruction and Landlord has not theretofore commenced repairs and rebuilding. In the event this Lease is terminated in accordance with this Section 14.3, Tenant shall, within thirty (30) days thereafter pay to Landlord the amount of insurance proceeds payable to Tenant under the insurance policies held by Tenant pursuant to Section 13.2 above less any such proceeds specifically allocable to Tenant's merchandise.

Termination for Damage. Abatement of Rent When Damage Interferes..................... 46 Section 14.5

Termination for Damage. Notwithstanding Section 11.1, if damage or destruction which has occurred to the Concession Area is of a material nature and such that, in the reasonable opinion of City or Concessionaire, such reconstruction or repair cannot be completed within three hundred and sixty five (365) days of the happening of the damage or destruction, City or Concessionaire may, at its sole option, terminate this Agreement on notice given within sixty (60) days after such damage or destruction.

Termination for Damage. Notwithstanding section 7.1, if damage or destruction which has occurred to the Premises or the Building is such that in the reasonable opinion of the Landlord such reconstruction or repair cannot be completed (as evidenced by a Certificate of Occupancy) within one hundred eighty (180) days of the happening of the damage or destruction, the Landlord may, at its option, terminate this Lease on notice to the Tenant given within thirty (30) days after such damage or destruction and the Tenant shall deliver vacant possession of the Premises in accordance with the terms of this Lease as soon as possible, but in no event more than thirty (30) days after such notice; provided, however, during the last year of the Lease or any renewal period, the Landlord shall have the right to terminate this Lease in the event of any casualty to the Premises constituting more than thirty (30%) percent of the prior value thereof.

Termination for Damage. Notwithstanding anything to the contrary contained herein, if fire or other damage occurs in the last five (5) years of the Initial Term or last five (5) years of the Renewal Term Option (if applicable), and the damage is to such an extent that the necessary repairs cannot reasonably be completed within six (6) months, then the Parties shall at that time meet and confer to determine whether LESSEE shall have the right to terminate this Agreement by written notice to ▇▇▇▇▇▇ delivered within ninety (90) days after the damage. In the event of such termination by ▇▇▇▇▇▇, the property insurance proceeds will belong to LESSOR.

Termination for Damage. Either party may terminate this Agreement AS provided in Section 7.A.(5), Damage to Detention Facility, by giving thirty (30) days notice of its intention not to rebuild, repair or restore the affected premises. Such termination shall be referred to herein as "Termination for Damage."

Termination for Damage. Notwithstanding anything to the contrary contained in this Article if fire or other casualty occurs in the last five (5) years of the Term and the damage is to such an extent that the necessary repairs cannot reasonably be completed within six (6) months, then the Parties shall at that time meet and confer to determine whether FEC shall have the right to terminate this Agreement by written notice to the County delivered within ninety (90) Days after the damage or destruction. In such event, the property insurance proceeds will belong to the County.