Common use of Damage to Project Clause in Contracts

Damage to Project. If the Project shall at any time be wholly or partially destroyed or damaged or in need of structural repairs, or otherwise rendered unfit for use (whether or not the Leased Premises have been affected) to the extent that twenty-five percent or more of the gross floor area of the buildings or structures in the Project has become unfit for use, then the Landlord may elect within sixty days from the date of such damage or from the date the premises become unfit for use (notice of which election shall be promptly given to the Tenant) as follows: a) to terminate this Lease on thirty days notice to the Tenant, in which event Rent shall remain payable until the date of termination (unless it has abated under section 15.01); b) to close the Project or any portion thereof during the performance of repairs, in which event, if the Leased Premises are within the portion of the Project so closed, the Leased Premises shall be closed from the day specified in such notice, all Rent shall ▇▇▇▇▇ from such day, and the Landlord shall (unless it elects to terminate this Lease under Section 15.01(c), if applicable) proceed diligently to effect the necessary repairs and to reopen the portions of the Project so closed. The Landlord shall (subject to section 15.01(c), if applicable) notify the Tenant of the day on which it may recommence business o the Leased Premises and Rent shall recommence on such date.

Damage to Project. If the Project shall at any time be wholly or partially destroyed or damaged damaged, or in need of structural repairsrepair, or otherwise rendered unfit for use (whether or not the Leased Premises have been affected) to the extent that any of the following shall have occurred: (a) twenty-five percent per cent (25%) or more of the gross floor area of the Office Building has become unfit for use; (b) twenty-five per cent (25 %) or more of the floor area of the buildings or structures in the Project has become unfit for use, ; then the Landlord may elect elect, within sixty (60) days from the date of such damage or from the date the premises become unfit for use (notice of which election shall be promptly given to the Tenant) use, as follows: a(c) to terminate this Lease on thirty days (30) days' notice to the Tenant, in which event Rent shall remain payable until the date of termination (unless it has abated under section Section 15.01); b(d) to close the Project or any portion thereof during the performance of repairs, in which event, if ; (e) to close the Leased Premises (if they are within part of the portion of the Project so closedrequiring repairs), in which event the Leased Premises shall be closed from the day specified in such noticeby the Landlord, all Rent shall ▇▇▇▇abat▇ from such day, and the Landlord shall (unless it elects to terminate this Lease under Section 15.01(c), if applicable) proceed diligently to effect the necessary repairs and to reopen the portions of the Project so closed. The Landlord shall (subject to section Section 15.01(c), if applicable) notify the Tenant of the day on which it may recommence business o on the Leased Premises and Rent shall recommence on such date.