Common use of Validity and Effect Clause in Contracts

Validity and Effect. The validity and effect of this Sublease shall not be impaired in any way by the failure of Development Entity to complete the repair and restoration of the Property within one hundred eighty (180) days after the occurrence of an Event of Casualty, even if Development Entity had in good faith notified CRA that the repair and restoration would be completed within such period, provided that Development Entity proceeds diligently with such repair and restoration; provided, however, if restoration of the Property or the Premises is not substantially completed within three hundred and sixty five (365) days after the occurrence of the casualty, CRA shall have the right to terminate this Lease by written notice to Development Entity.

Validity and Effect. The validity and effect of this Sublease shall not be impaired in any way by the failure of Development Entity Operator to complete the repair and restoration of the Property within one hundred eighty (180) days after the occurrence of an Event of Casualty, even if Development Entity Operator had in good faith notified CRA that the repair and restoration would be completed within such period, provided that Development Entity Operator proceeds diligently with such repair and restoration; provided, however, if restoration of the Property or the Premises is not substantially completed within three hundred and sixty five (365) days after the occurrence receipt of the casualtyCRA’s Notice of Casualty, CRA shall have the right to terminate this Lease by written notice to Development EntityOperator.