Common use of Total or Substantial Destruction Clause in Contracts

Total or Substantial Destruction. If the Premises are totally or substantially destroyed by any cause whatsoever, or if the Building is substantially destroyed (even though the Premises are not totally or substantially destroyed), the Lease shall terminate as of the date the destruction occurred regardless of whether Landlord receives any insurance proceeds. However, if the Premises can be rebuilt within one hundred eighty (180) days after the date of destruction, Landlord may elect to rebuild the 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 (30) days after the occurrence of total or substantial destruction. If the destruction was caused by an act or omission of Tenant, Tenant shall pay Landlord the difference between the actual cost of rebuilding and any insurance proceeds received by Landlord.

Total or Substantial Destruction. If the Leased Premises are is totally or substantially destroyed by any cause whatsoever, or if the Building Leased Premises is in a building which is substantially destroyed (even though the Leased Premises are is not totally or substantially destroyed), the this Lease shall terminate as of the date the destruction occurred regardless of whether Landlord receives any insurance proceedsoccurred. However, if the Leased Premises can be rebuilt within one hundred eighty (1801) days year after the date of destruction, Landlord may elect to rebuild the Leased Premises 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 the occurrence of the total or substantial destruction. If the destruction was caused by an act or omission of Tenant, Tenant shall pay Landlord the difference between the actual cost of rebuilding and any insurance proceeds received by Landlord.

Total or Substantial Destruction. If the Premises are Property is totally or substantially destroyed by any cause whatsoever, or if the Building Property is in a building which is substantially destroyed (even though the Premises are Property is not totally or substantially destroyed), the Lease shall terminate as of the date the destruction occurred regardless of whether Landlord receives any insurance proceeds. However, if the Premises Property can be rebuilt within one hundred eighty (180I 80) days after the date of destruction, Landlord may elect to rebuild the Premises 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 the occurrence of total or substantial destruction. If the destruction was caused by an act or omission of Tenant, Tenant shall pay Landlord the difference between the actual cost of rebuilding and any insurance proceeds received by Landlord.

Total or Substantial Destruction. If the Premises are is totally or substantially destroyed by any cause whatsoever, or if the Building Premises is in a building which is substantially destroyed (even though the Premises are is not totally or substantially destroyed), the this Lease shall terminate as of the date the destruction occurred regardless of whether Landlord receives any insurance proceeds. However, if the Premises can be rebuilt within one hundred eighty (1801) days year after the date of destruction, Landlord may elect elect, but shall not be obligated, to rebuild the Premises at Landlord's own expense, in which case, case this Lease shall remain in full force and effect. Landlord shall notify Tenant of such election within thirty sixty (3060) days after the occurrence of such total or substantial destruction. If the destruction was caused by an act or omission of Tenant, Tenant shall pay Landlord the difference between the actual cost of rebuilding and any insurance proceeds received by Landlord.

Total or Substantial Destruction. If the Premises are Property is totally or substantially destroyed by any cause whatsoever, or if the Building Property is in a building which is substantially destroyed (even though the Premises are Property is not totally or substantially destroyed), the this Lease shall terminate as of the date the destruction occurred regardless of whether Landlord receives any insurance proceeds. However, if the Premises Property can be rebuilt within one hundred eighty (1801) days year after the date of destruction, Landlord may elect to rebuild the Premises 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 the occurrence of total or substantial destruction. If the destruction was caused by an act or omission of Tenant, Tenant shall pay Landlord the difference between the actual cost of rebuilding and any insurance proceeds received by Landlord.