Casualty/Total or Partial Destruction. (a) If the premises are damaged by casualty, Tenant may terminate this lease by written notice to Landlord and the rent will be adjusted as may be fair and reasonable.
Casualty/Total or Partial Destruction a. If the Premises are damaged by casualty and can be restored within ninety days, Landlord will, at its expense, restore the roof, foundation, Common Areas, and structural soundness of the exterior walls of the Premises to substantially the same condition that existed before the casualty and Tenant will, at its expense, replace any of its damaged furniture, fixtures, and personal property and restore any leasehold improvements that are within Tenant’s Rebuilding Obligations. If Landlord fails to complete the portion of the restoration for which Landlord is responsible within ninety days from the date of written notification by Tenant to Landlord of the casualty, Tenant may terminate this lease by written notice delivered to Landlord before Landlord completes Landlord’s restoration obligations.
b. If the Premises cannot be restored within ninety days, Landlord has an option to restore the Premises. If Landlord chooses not to restore, this lease will terminate. If Landlord chooses to restore, Landlord will notify Tenant of the estimated time to restore and give Tenant an option to terminate this lease by notifying Landlord within ten days. If Tenant does not terminate this lease, the lease will continue and Landlord will restore the Premises as provided in a. above.
c. To the extent the Premises are untenable after the casualty, the Rent will be adjusted as may be fair and reasonable.
d. Non-casualty interruption of services. If landlord required services to tenant are interrupted other than by casualty loss described in paragraph 5a, b, and c above (other than through tenant’s negligence), landlord will make good faith effort to restore service as soon as practicable. In such case, tenant shall be entitled to an abatement of base rent beginning on the third business day after the interruption commenced. The abatement shall end when services are restored.
Casualty/Total or Partial Destruction. Neither party shall be entitled to terminate this Leaseback Agreement or xxxxx rent as a result of fire or any other casualty nor shall either party have any duty or obligation to rebuild or restore any damaged improvements. Tenant shall be entitled to receive and retain all proceeds of insurance paid in connection with any casualty damage occurring during the Term, and Landlord waives any interest in such proceeds.
Casualty/Total or Partial Destruction. (a) If the premises are damaged by casualty and can be restored within ninety days, Landlord will, at its expense, restore the premises to substantially the same condition as they existed before the casualty. If Landlord fails to complete restoration within ninety days from the date of written notification by Tenant to Landlord of the casualty, Tenant
(b) If the premises cannot be restored within ninety days, Landlord has an option to restore or not to restore the premises. If Landlord chooses not to restore, this lease will terminate. If Landlord chooses to restore, it will notify Tenant of the estimated time to restore and give Tenant an option to terminate this lease by notifying Landlord within ten days. If Tenant does not terminate this lease, it shall continue and Landlord shall restore the premises as provided in (a) above.
(c) To the extent the premises are untenantable after the casualty and the damage was not caused by Tenant, the rent will be adjusted as may be fair and reasonable.
Casualty/Total or Partial Destruction. The term “Relevant Space” means (i) the Leased Premises, (ii) access to the Leased Premises, and (iii) any part of the building that provides services to the Lease Premises. If the Relevant Space is damaged in whole or in part from any cause, and the Relevant Space can be substantially repaired and restored within thirty (30) days from the date of the damage using standard working methods and procedures, Landlord shall at its expense promptly and diligently repair and restore the Relevant Space to substantially the same condition as existed before the damage. If the Relevant Space cannot be repaired and restored within the thirty (30) day period, then either party may, within ten (10) days after determining that the repairs and restorations cannot be substantially completed within thirty (30) days, cancel this Office Lease by giving written notice to the other party. Nevertheless, if the Relevant Space is not repaired and restored within thirty days (30) from the date of damage, then Tenant may cancel this Office Lease at any time after the thirtieth (30th) day following the date of damage. Unless the damage is cause by Tenant’s willful misconduct, the rent shall xxxxx in proportion to that part of the Leased Premises that is unfit for use in Tenant’s business. The abatement shall consider the nature and extent of interference to Tenant’s ability to conduct business in the Leased Premises and the need for access and services to the Leased Premises. The abatement shall continue from the date the damage occurred until ten (10) business days after Landlord completes the repairs and restoration to the Relevant Space or the part rendered unusable and delivers notice to Tenant that the repairs and restorations are completed.
Casualty/Total or Partial Destruction. 15.1 If the Premises are damaged by casualty and can be restored within ninety days, LANDLORD will, at its expense, restore the Premises to substantially the same condition that existed before the casualty. If LANDLORD fails to complete restoration within ninety (90) days from the date of written notification by TENANT to LANDLORD of the casualty, TENANT may terminate this lease by written notice to LANDLORD. Such termination shall not be considered a default under the Economic Development Agreement.
15.2 If the Premises cannot be restored within ninety (90) days, LANDLORD has an option to restore the Premises. If LANDLORD chooses not to restore, this lease will terminate. If LANDLORD chooses to restore, LANDLORD will notify TENANT of the estimated time to restore and give TENANT an option to terminate this lease by notifying LANDLORD within ten days. If TENANT does not terminate this lease, the lease will continue and LANDLORD will restore the Premises as provided in 15.1 above.
15.3 To the extent the Premises are untenantable after the casualty and the damage was not caused by TENANT, the Rent will be adjusted as follows: Tenant's obligation under Section 3.2 of the Lease to pay utilities and maintenance expenses shall be abated until Tenant is able to promptly restore its operations in the Premises.
Casualty/Total or Partial Destruction. If the Premises are damaged by fire or other casualty, either party may elect to either terminate the Agreement upon written notice to the other, and upon any such election, the proceeds of any insurance policies required to be maintained under this Agreement shall be distributed to Licensor.
Casualty/Total or Partial Destruction. If the Premises are damaged by casualty, Landlord has an option to restore the Premises. If Landlord chooses not to restore, this lease will terminate. If Landlord chooses to restore, Landlord will notify Tenant of the estimated time to restore and give Tenant an option to terminate this lease by notifying Landlord within
Casualty/Total or Partial Destruction. (a) If the premises are damaged by casualty and can be restored within ninety days, Landlord will, at its expense, restore the premises to substantially the same condition as they existed before the casualty.
(b) If the premises cannot be restored within ninety days, Landlord has an option to restore or not to restore the premises. If Landlord chooses not to restore, this lease will terminate. If Landlord chooses to restore, it will notify Tenant of the estimated time to restore and give Tenant an option to terminate this lease by notifying Landlord within ten days. If Tenant does not terminate this lease, it shall continue and Landlord shall restore the premises as provided in (a) above.
(c) To the extent the premises are untenantable after the casualty and the damage was not caused by Tenant, the rent will be adjusted as may be fair and reasonable.
Casualty/Total or Partial Destruction. If the Premises are damaged by an insured event, the parties will mutually agree if the buildings and structures should be restored, repaired or rebuilt and if they agree, Landlord will, utilizing proceeds from Tenant’s insurance, restore the roof, foundation, and structural soundness of those structures on the Premises.
