Common use of Damage or Destruction of Project Clause in Contracts

Damage or Destruction of Project. In the event that the Project is damaged or destroyed by any cause whatsoever, the Tenant shall promptly repair such damage subject to the following provisions: (a) if, in the reasonable opinion of the Tenant the Project cannot be rebuilt or made fit for the purposes of the Tenant within Eighteen (18) Months of the damage or destruction, the Tenant may, at its option, terminate this Sublease by giving the HRRA Six (6) Months' notice of termination and the Tenant shall deliver up possession of the Subleased Premises to the HRRA in the condition required under the terms of this Sublease on or before the expiry of such Six (6) Months; and (b) if, in the reasonable opinion of the Tenant, no less than Fifty (50%) Percent of the Project in rendered unusable and requires reconstruction, the Tenant may, at its option, terminate this Sublease by giving the HRRA Six (6) Months' notice of termination and the Tenant shall deliver up possession of the Subleased Premises to the HRRA in the condition required under the terms of this Sublease on or before the expiry of such Six (6) Months.