Common use of Substantial Damage Clause in Contracts

Substantial Damage. If the Building or any part thereof shall be damaged by fire or other casualty to the extent that substantial alteration or reconstruction of the Building shall, in Landlord's reasonable opinion, be required (whether or not the Premises shall have been damaged) or if the proceeds of insurance are required to be used to retire the mortgage debt, Landlord may, at its option, terminate this Lease by notifying Tenant in writing of such termination within sixty (60) days after the date of such damage. If this Lease is so terminated, Rent shall be abated as of the date of such damage.

Substantial Damage. If the Building or any part thereof shall be damaged by fire or other casualty to the extent that substantial alteration or reconstruction of the Building shall, in Landlord's reasonable or Tenant's opinion, be required (whether or not the Premises shall have been damaged) or if as a result any mortgagee of the proceeds of insurance are required to Building requires that Proceeds payable be used to retire the mortgage debt, either Landlord or Tenant may, at its option, terminate this Lease by notifying Tenant in writing of such termination within sixty thirty (6030) days after the date of such damage. If this Lease is so terminated, Rent shall be abated as of the date of such damage.

Substantial Damage. If the Building or any part thereof shall be damaged by fire or other casualty to the extent that substantial alteration or reconstruction of the Building shall, in Landlord's reasonable sole opinion, be required (whether or not the Premises shall have been damaged) or if as a result the proceeds of insurance are required to Mortgagee or any Future Mortgagee requires that Proceeds payable be used to retire the any mortgage debt, Landlord may, at its option, terminate this Lease by notifying Tenant in writing of such termination within sixty (60) days after the date of such damage. If this Lease is so terminated, Rent shall be abated as of the date of such damage.

Substantial Damage. If the Building or any part thereof shall be damaged by fire or other casualty to the extent that substantial alteration or reconstruction of the Building shall, in Landlord's reasonable sole opinion, be required (whether or not the Premises shall have been damaged) or if all or any portion of the insurance proceeds of insurance are required applied to be used to retire the mortgage debtdebt or if the net insurance proceeds available to Landlord are insufficient to restore, Landlord may, at its option, terminate this Lease by notifying Tenant in writing of such termination within sixty (60) days after the date of such damage. If this Lease is so terminated, Rent shall be abated as of the date of such damage.. 17.02

Substantial Damage. If the Building building or any part thereof shall be damaged by fire or other casualty to the extent that substantial alteration or reconstruction of the Building shall, in Landlord's reasonable sole opinion, be required (whether or not the Premises shall have been damaged) ), or if as a result of any mortgagee of the proceeds of insurance are required to Building requires that Proceeds payable be used to retire the mortgage debt, Landlord may, at its option, terminate this Lease by notifying Tenant in writing of such termination within sixty forty-five (6045) days after the date of such damage. If this Lease is so terminated, Rent shall be abated as of the date of such damage, and Tenant shall be relieved of all its obligations, both monetary and otherwise, under this Lease accruing after the date of such damage.

Substantial Damage. If the Building or any part thereof shall be damaged by fire or other casualty to the extent that substantial alteration or reconstruction of the Building shall, in Landlord's reasonable sole opinion, be required (whether or not the Premises shall have been damaged) or if the proceeds of insurance are required to be payment is used to retire the mortgage debt, Landlord may, at its option, terminate this Lease by notifying Tenant in writing of such termination within sixty (60) days after the date of such damage. If this Lease is so terminated, Rent shall be abated as of the date of such damage.

Substantial Damage. If the Building or any part thereof shall be damaged by fire or other casualty to the extent that substantial alteration or reconstruction of the Building shall, in Landlord's reasonable opinion, be required (whether or not the Premises shall have been damaged) or if the proceeds of insurance are required to be used to retire the mortgage debt), Landlord may, at its option, terminate this Lease by notifying Tenant in writing of such termination within sixty (60) days after the date of such damage. If this Lease is so terminated, Rent shall be abated as of the date of such damage.

Substantial Damage. If the Building or any part thereof shall be damaged by fire free or other casualty to the extent that substantial alteration or reconstruction of 25% of the Building shall, in Landlord's reasonable sole opinion, be required (whether or not the Premises shall have been damaged) or if the proceeds of insurance are required to as payable be used to retire the mortgage debt, Landlord may, at its option, terminate this Lease by notifying Tenant in writing of such termination within sixty (60) days after the date of such damage. If this Lease is so terminated, Rent shall be abated as of the date of such damage.

Substantial Damage. If the Building or any part thereof shall be damaged by fire or other casualty to the extent that substantial alteration or reconstruction of the Building shall, in Landlord's reasonable 27 -27- opinion, be required (whether or not the Premises shall have been damaged) or if the proceeds of insurance are required to as payable be used to retire the mortgage debt, Landlord may, at its option, terminate this Lease by notifying Tenant in writing of such termination within sixty (60) days after the date of such damage. If this Lease is so terminated, Rent shall be abated as of the date of such damage.