Compensation for Damage. (1) The Lessee shall immediately report to the Lessor all damage, destruction or loss of the Leased Premises or other facilities within the building arising out of any willful act or negligence by the Lessee or its employee or its clients, and shall compensate therefor. (2) If the Lessee fails to report to the Lessor for a substantial period any damage caused by any third parties as set forth in Paragraph (1) above, such damage shall be deemed to be caused by the Lessee. (3) The amount of damage according to this Article shall be calculated by the Lessor based on the price as of the time of compensation.
Appears in 4 contracts
Samples: Lease Agreement (Gmarket Inc.), Lease Agreement (Gmarket Inc.), Lease Agreement (Gmarket Inc.)
