Examples of Destruction of the Premises in a sentence
Destruction of the Premises; Property Loss or Damage 28 Article 12.
In the event of a Major Destruction of the Premises as a result of an Insured Casualty during the last two (2) years of the Lease Term, Landlord and Tenant shall each have the option to terminate this Lease on written notice to the other of exercise thereof within thirty (30) days after such occurrence.
Provided Tenant has paid Percentage Rent with respect to at least one of the two (2) full Lease Years preceding the Total Destruction of the Premises, if a Total Destruction of the Premises occurs during the last five (5) Lease Years of the Term, Tenant will have the right to terminate the Lease as of the date of such Total Destruction by written notice to Landlord within thirty (30) days following the Total Destruction.
In the event of a Major Destruction of the Premises as a result of an Uninsured Casualty during the last two (2) years of the Lease Term, Tenant shall have the option to terminate this Lease on written notice to Landlord of exercise thereof within thirty (30) days after such occurrence.
Notwithstanding the foregoing provisions, in the event of a Partial Destruction of the Premises or a Total Destruction of the Premises during the last four (4) months of the term of this Lease, then either party may elect to terminate this Lease by written notice to the other party given within seven (7) days of the date of the casualty.
In the event of a Total Destruction of the Premises, from the date of the casualty until repairs are effected or this Lease is terminated pursuant to the terms hereof, Base Rent and Additional Rent shall be totally abated.
In the event of a Partial Destruction of the Premises, from the date of the casualty until repairs are effected or this Lease is terminated pursuant to the terms hereof, Base Rent and Additional Rent shall be abated in proportion to the degree to which Tenant's use of the Premises is impaired; but all of the other terms, covenants, and conditions of the Lease shall remain in full force and effect.
If there should be a Partial Destruction of the Premises, as hereinabove defined, CSC, County and DCJB shall make such arrangements as are necessary for the safety and well being of such Juveniles.
If there is a Total Destruction of the Premises, whether or not such Total Destruction is an Insured Loss, then Landlord, by written notice to Tenant within thirty (30) days of the casualty, may terminate this Lease, which termination shall be effective not more than sixty (60) days from the date of such notice.
The term "Partial Destruction of the Premises" shall mean the destruction of or damage to the building, equipment therein and attachments thereto by fire or other casualty that will allow the housing of part or all of any Juveniles in such a manner as to be in compliance with the Contract.