Common use of Partial Destruction of Building Clause in Contracts

Partial Destruction of Building. If thirty percent (30%) or more of the leasable area of the Building is damaged or destroyed, notwithstanding that the Leased Premises may be unaffected by such fire or other cause, Landlord may terminate this Lease and the tenancy hereby created by giving Tenant not less than thirty (30) days' prior written notice of Landlord's election to terminate this Lease; provided, however, that such notice shall be given, if at all, within the one hundred twenty (120) days following the date of occurrence of such damage or destruction. Base Rent and Other Charges shall be prorated as of the date of such termination.