Common use of Substantial or Total Destruction Clause in Contracts

Substantial or Total Destruction. If the Property is substantially or totally destroyed by any cause whatsoever (i.e., the damage to the Property is greater than partial damage as described in Section 7.01), and regardless of whether Landlord receives any insurance proceeds, this Lease shall terminate the later of (i) the date the destruction occurred and (ii) the date Tenant ceases to do business at the Property. Notwithstanding the preceding sentence, if the Property can be rebuilt within six (6) months after the date of destruction, Landlord may elect to rebuild the Property at Landlord's own expense, in which case this Lease shall remain in full force and effect. Landlord shall notify Tenant of such election within thirty (30) days after T▇▇▇▇▇'s notice of the occurrence of total or substantial destruction. If Landlord so elects, Landlord shall rebuild, the Property at Landlord's sole expense, except that if the destruction was caused solely by an act or omission of Tenant, Tenant shall pay Landlord the "deductible amount" (if any) under L▇▇▇▇▇▇▇'s insurance policies up to $10,000. (See Insert 7.02) Section 7.03.

Substantial or Total Destruction. If the Property Demised Premises is substantially (greater than 30%) as determined by the Landlord's insurer or totally destroyed by any cause whatsoever (i.e., the damage to the Property Demised Premises is greater than partial damage as described in Section 7.01), and regardless of whether Landlord receives any insurance proceeds, this the Lease shall terminate the later as of (i) the date the destruction occurred and (ii) the date Tenant ceases to do business at the Propertyoccurred. Notwithstanding the preceding sentence, if the Property Demised Premises are partially, substantially or totally destroyed and can be rebuilt within six nine (69) months after the date of destruction, Landlord may elect to rebuild the Property Demised Premises at Landlord's own expense, in which case this Lease shall remain in full force and effect. Landlord shall notify Tenant of such election within thirty sixty (3060) days after T▇▇▇▇▇▇'s notice of the occurrence of total or substantial destruction. If Landlord so elects, Landlord shall rebuild, rebuild the Property Demised Premises at Landlord's sole expense, except that if the destruction was caused solely by an act or omission of Tenant, Tenant shall pay Landlord the "deductible amount" (if any) under L▇▇▇▇▇▇▇'s difference between the actual cost of rebuilding and any insurance policies up proceeds received by Landlord. If Landlord does not so elect, Tenant shall have the right to $10,000. (See Insert 7.02) Section 7.03terminate this Lease.

Substantial or Total Destruction. If the Property is substantially or totally destroyed by any cause whatsoever (i.e., the damage to the Property is Is greater than partial damage as described in In Section 7.01), and regardless of whether Landlord receives any insurance proceeds, this Lease shall terminate the later as of (i) the date the destruction occurred and (ii) the date Tenant ceases to do business at the Propertyoccurred. Notwithstanding the preceding sentence, if the Property can be rebuilt within six (6) months after the date of destruction, TENANT OR Landlord may elect to rebuild [* * *] CAUSE the Property TO BE REBUILT at Landlord's own expense, in which case this Lease shall remain in In full force and effect. Landlord [* * *] THE PARTY ELECTING TO CAUSE THE REBUILDING shall notify Tenant [* * *] THE OTHER of such election within thirty (30) days after T▇▇▇▇▇'s notice of [* * *] the occurrence of total or substantial destruction. If Landlord so elects[* * *], Landlord shall rebuild, rebuild the Property at Landlord's sole expense, except that if the destruction was caused solely by an act or omission of Tenant, Tenant shall pay Landlord the "deductible amount" (if any) under L▇▇▇▇▇▇▇'s difference between the actual cost of rebuilding and any insurance policies up to $10,000. (See Insert 7.02) Section 7.03proceeds received by Landlord.

Substantial or Total Destruction. If the Property is substantially or totally destroyed by any cause whatsoever (i.e., the damage to the Property is greater than partial damage as described in Section 7.01), and regardless of whether Landlord receives any insurance proceeds, this Lease shall terminate the later of (i) the date the destruction occurred and (ii) the date the Tenant ceases to do business at the Propertyproperty. Notwithstanding the preceding sentence, if the Property can be rebuilt within six (6) months after the date of destruction, Landlord may elect to rebuild the Property at Landlord's ’s own expense, in which case this Lease shall remain in full force and effect. Landlord shall notify Tenant of such election within thirty (30) days after T▇▇▇▇▇'s ▇’s notice of the occurrence of total or substantial destruction. If Landlord so elects, Landlord shall rebuild, rebuild the Property at Landlord's ’s sole expense, except that if the destruction was caused solely by an act or omission of Tenant, . Tenant shall pay Landlord the "deductible amount" (if any) under L▇▇▇▇▇▇▇'s difference between the actual cost of rebuilding, and any insurance policies up to $10,000. (See Insert 7.02) Section 7.03proceeds received by Landlord.