Common use of CASUALTY OR FIRE DAMAGE Clause in Contracts

CASUALTY OR FIRE DAMAGE. If the leased premise becomes 25% or more destroyed or made uninhabitable, or if the premise is condemned by a proper authority, this lease may be terminated, without incurring liability, by the Lessee. If the leased premise is less than 25% destroyed or made uninhabitable, the rent shall be reduced by the proportion the premise has been rendered uninhabitable or declared unsafe. If the leased premise is not restored, or cannot be restored, and returned to proper condition for use and occupancy within 15 days of the casualty, then either the Lessor or the Lessee may terminate this lease, without incurring liability, on 10 days’ written notice to the other party. Upon written notice of termination under this section, the Lessor shall refund any unearned rent paid by the Lessee, and the Lessee shall have no further obligation to the Lessor under this lease. Lessor shall continue to insure the premise until Xxxxxx's personal property is removed from the premise. The Lessee shall have 30 days after termination of this lease to remove its property from the premise.

CASUALTY OR FIRE DAMAGE. If the leased premise becomes 25% or more destroyed or made uninhabitable, or if the premise is condemned by a proper authority, this lease may be terminated, without incurring liability, by the Lessee. If the leased premise is less than 25% destroyed or made uninhabitable, the rent shall be reduced by the proportion the premise has been rendered uninhabitable or declared unsafe. If the leased premise is not restored, or cannot be restored, and returned to proper condition for use and occupancy within 15 days of the casualty, then either the Lessor or the Lessee may terminate this lease, without incurring liability, on 10 days’ written notice to the other party. Upon written notice of termination under this section, the Lessor shall refund any unearned rent paid by the Lessee, and the Lessee shall have no further obligation to the Lessor under this lease. Lessor shall continue to insure the premise until XxxxxxLessee's personal property is removed from the premise. The Lessee shall have 30 days after termination of this lease to remove its property from the premise.

CASUALTY OR FIRE DAMAGE. If the leased premise premises becomes 25% or more destroyed or made uninhabitable, or if the premise premises is condemned by a proper authority, this lease may be terminated, without incurring liability, by the Lessee. If the leased premise premises is less than 25% destroyed or made uninhabitable, the rent shall be reduced by the proportion the premise premises has been rendered uninhabitable or declared unsafe. If the leased premise premises is not restored, or cannot be restored, and returned to proper condition for use and occupancy within 15 fifteen (15) days of the casualty, then either the Lessor or the Lessee may terminate this lease, without incurring liability, on 10 ten (10) days’ written notice to the other party. Upon written notice of termination under this section, the Lessor shall refund any unearned rent paid by the Lessee, and the Lessee shall have no further obligation to the Lessor under this lease. Lessor shall continue to insure the premise premises until Xxxxxx's personal property is removed from the premisepremises. The Lessee shall have 30 thirty (30) days after termination of this lease to remove its property from the premisepremises.

CASUALTY OR FIRE DAMAGE. If the leased premise becomes 25% or more destroyed or made uninhabitable, or if the premise is condemned by a proper authority, this lease may be terminated, without incurring liabilityfurther lease payments or any other penalty, by the Lessee. If the leased premise is less than 25% destroyed or made uninhabitable, the rent shall be reduced by the proportion the premise has been rendered uninhabitable or declared unsafe. If the leased premise is not restored, or cannot be restored, and returned to proper condition for use and occupancy within 15 days of the casualty, then either the Lessor or the Lessee may terminate this lease, without incurring liabilityfurther lease payments or any other penalty, on 10 days’ written notice to the other party. Upon written notice of termination under this section, the Lessor shall refund any unearned rent paid by the Lessee, and the Lessee shall have no further obligation to the Lessor under this lease. Lessor shall continue to insure the premise until XxxxxxLessee's personal property is removed from the premise. The Lessee shall have 30 days after termination of this lease to remove its property from the premise.