NYC 9/11 Public Portal Document
or more of the usable area of the Building is damaged or destroyed by fire or other casualty, or
(ii) the Building is so damaged or destroyed by fire or other casualty that its repair or restoration
requires the expenditure (as estimated by an independent reputable contractor or registered
architect designated by Landlord) of more than sixty percent (60%) of the full insurable value of
the Building immediately prior to the fire or other casualty, or (iii) at least seventy-five percent
(75%) of the leases in the Building or leases of seventy-five percent (75%) of usable area in the
portions of the Building (excluding retail space) occupied or available for occupancy by tenants or
other occupants (exclusive of any usable area in such portions occupied by Landlord or its
affiliates at such time) are cancelled effective on dates no later than the termination date of this
Lease (inclusive of this Lease).
(D) Unless Landlord or Tenant elects to cancel this Lease as provided under
Paragraph (B) and (C) hereof. Landlord agrees to give Tenant a notice (“Completion Notice”)
within sixty (60) days following the date of notice to Landlord of any fire or other casualty
affecting ten percent (10%) or more of the Demised Premises, setting forth Landlord’s estimate
of the date when the Demised Premises is expected to be rebuilt and restored as provided in
Paragrt^h (A). If such date in the Completion Notice shall extend beyond nine (9) months
following the date of giving of such Completion Notice, Tenant shall have the right to terminate
this Lease upon thirty (30) days’ notice given within twenty-five (25) days of the receipt of the
(Completion Notice and on the expiration of such thiny (30) day period this Lease shall terminate
as if such date were the Expiration Date. If the date set forth in the Completion Notice shall not
extend beyond nine (9) months following the date of giving of such Completion Notice, Tenant
shall have no further right to terminate this Lease. Notwithstanding the foregoing, if in the event
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