Termination for Damage Sample Clauses

Termination for Damage. Notwithstanding section 9.0, xx damage or destruction that should occur to the Premises or the Building is such that in the reasonable opinion of the Landlord such reconstruction or repair cannot be completed within one hundred twenty (120) days of the happening of the damage or destruction, then 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 immediately deliver vacant possession of the Premises in accordance with the terms of this Lease.
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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.
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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.
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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."
Sample 1
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.
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Related to Termination for Damage

  • Termination for Force Majeure In the event of a force majeure that lasts longer than thirty (30) days from the date that a Party claiming relief due to the force majeure event gives notice to the other Party, the Party not claiming relief under the force majeure event may terminate this Agreement upon written notice to the other Party. For the avoidance of doubt, the COVID-19 pandemic does not constitute a force majeure event.

  • Termination Damages If the Term of this Lease is terminated for default, unless and until Landlord elects lump sum liquidated damages described in the next paragraph, Tenant covenants, as an additional, cumulative obligation after any such termination, to pay punctually to Landlord all the sums and perform all of its obligations in the same manner as if the Term had not been terminated. In calculating such amounts Tenant will be credited with the net proceeds of any rent then actually received by Landlord from a reletting of the Premises after deducting all Rent that has not then been paid by Tenant, provided that Tenant shall never be entitled to receive any portion of the re-letting proceeds, even if the same exceed the Rent originally due hereunder.

  • Termination for Default 6.2.2.1. In the event that either party commits a material breach of its obligations under this Agreement and fails to cure that breach within ninety (90) days after receiving written notice thereof, the other party may terminate this Agreement immediately upon written notice to the party in breach.

  • Termination for Just Cause (a) The term “

  • Termination by Lessor Lessor may terminate the lease at any time if any of the following shall happen:

  • Termination by Tenant In the event that the destruction to the Premises cannot be restored as required herein under applicable laws and regulations within two hundred seventy (270) days of the damage or casualty, notwithstanding the availability of insurance proceeds, Tenant shall have the right to terminate this Lease by giving the Landlord notice thereof within thirty (30) days of date of the occurrence of such casualty specifying the date of termination which shall not be less than thirty (30) days nor more than sixty (60) days following the date on which such notice of termination is given. In the event of the giving of such notice of termination, this Lease shall expire and all interest of Tenant in the Premises shall terminate on the date so specified in such notice and the Rent, reduced by any proportionate reduction in Rent as provided for in Section 18.1 above, shall be paid to the date of such termination.

  • Termination by Customer Customer may terminate this Agreement:

  • Termination for Cause by Company Although the Company anticipates the continuation of a mutually rewarding employment relationship with Executive, the Company may terminate Executive’s employment immediately at any time for Cause. For purposes of this Agreement, “Cause” is defined as: (a) acts or omissions constituting gross negligence, recklessness or willful misconduct on the part of Executive with respect to Executive’s obligations or otherwise relating to the business of the Company; (b) Executive’s material breach of this Agreement, including, without limitation, any breach of Section 8, Section 9 or Section 11; (c) Executive’s breach of the Company’s Employee Nondisclosure and Assignment Agreement (a signed copy of which was delivered to the Company with the Original Agreement) (the “Nondisclosure Agreement”); (d) Executive’s conviction or entry of a plea of nolo contendere for fraud, misappropriation or embezzlement, or any felony or crime of moral turpitude; (e) Executive’s inability to perform the essential functions of Executive’s position, with or without reasonable accommodation, due to a mental or physical disability; (f) Executive’s willful neglect of duties as determined in the sole and exclusive discretion of the Board, provided that Executive has received written notice of the action or omission giving rise to such determination and has failed to remedy such situation to the satisfaction of the Board within thirty (30) days following receipt of such written notice, unless Executive’s action or omission is not subject to cure, in which case no such notice shall be required, or (g) Executive’s death. In the event Executive’s employment is terminated in accordance with this Section 7.1, Executive shall be entitled to receive only Executive’s Base Salary then in effect, prorated to the date of Executive’s termination of employment with the Company (the “Termination Date”), and all amounts and benefits earned or incurred pursuant to Sections 5 and 6 through the Termination Date. All other Company obligations to Executive pursuant to this Agreement will be automatically terminated and completely extinguished as of the Termination Date, but will be subject to the surviving provisions of this Agreement set forth in Section 14.8. Executive will not be entitled to receive the Severance Package described in Section 7.2. Any termination pursuant to this Section 7.1 shall be evidenced by a resolution or written consent of the Board, and the Company shall provide Executive with a copy of such resolution or written consent, certified by the Secretary of the Company, upon Executive’s written request.

  • Termination by Either Party This Agreement may be terminated upon 60 days written notice without cause or penalty by either the Company (acting through the Conflicts Committee) or the Advisor. The provisions of Articles 1, 10, 12, 13, 15 and 16 shall survive termination of this Agreement.

  • Termination for Cause The Company may terminate Executive’s employment for Cause, as defined below.

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