Common use of Partial Destruction of Building Clause in Contracts

Partial Destruction of Building. If fifty percent (50%) or more of the rentable area of the Building is damaged or destroyed by fire or other cause, notwithstanding that the Sub-Premises may be unaffected, Sub-Landlord shall have the right, to be exercised by notice in writing delivered to Sub-Tenant within ninety (90) days after said occurrence, to elect to terminate this Sublease.

Appears in 1 contract

Sources: Sub Lease Agreement (Molecular Imaging Corp)

Partial Destruction of Building. If fifty percent (50%) or more of the rentable area of the Building is damaged or destroyed by fire or other cause, notwithstanding that the Sub-Premises may be unaffected, Sub-Landlord shall have the right, to be exercised by notice in writing delivered to Sub-Tenant within ninety (90) days after said occurrence, to elect to terminate this SubleaseLease.

Appears in 1 contract

Sources: Standard Industrial Net Lease (Avanir Pharmaceuticals)