Common use of Destruction of Property Clause in Contracts

Destruction of Property. If the Property is destroyed by natural disaster or by any party other than the Tenant, Tenant may elect to terminate this Lease pursuant to section 16.1 of this Lease, except that no early termination payment shall be paid by Tenant to Landlord.

Appears in 4 contracts

Sources: Commercial Lease Agreement, Lease Agreement, Commercial Lease Agreement

Destruction of Property. If the Property is destroyed by natural disaster or by any party other than the Tenant, the Tenant may elect to terminate this Lease pursuant to section 16.1 of this Lease, except that no early termination payment shall be paid by the Tenant to the Landlord.

Appears in 2 contracts

Sources: Commercial Lease Agreement, Commercial Lease Agreement