Common use of Total or Substantial Destruction Clause in Contracts

Total or Substantial Destruction. If the Property is totally or substantially destroyed by any cause whatsoever, this Lease shall terminate as of the date the destruction occurred regardless of whether Landlord receives any insurance proceeds, and in such event, Landlord shall receive all rental continuation insurance proceeds, and all insurance proceeds insuring the Premises, and Tenant shall pay to Landlord any deductible amount under any insurance policies. If the destruction was caused by an intentional act or omission of Tenant, and such act voids an insurance policy or is not covered by insurance, then this Lease shall terminate, however, Tenant shall pay Landlord the difference between the actual cost of rebuilding and any insurance proceeds received by Landlord.