Common use of DAMAGE BY CASUALTY Clause in Contracts

DAMAGE BY CASUALTY. In the event of a fire or other casualty in the Leased Premises, Tenant shall give prompt notice thereof to Landlord. If the Leased Premises shall be partially destroyed by fire or other casualty so as to render the Leased Premises partially or wholly untenantable, the Rent shall be abated on the basis of leasable square footage remaining and occupied thereafter, until such time as the Leased Premises are made fully fit for use by Tenant; provided, however, that if gross negligence or willful misconduct of Tenant, or its agents, employees or invitees shall have contributed to the cause of such fire or other casualty, the Rental shall not be abated during the period of restoration of the Leased Premises.

Appears in 5 contracts

Samples: Lease Agreement (Altair Nanotechnologies Inc), Lease Agreement (Altair Nanotechnologies Inc), Equity Client Lease (Altair Nanotechnologies Inc)

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DAMAGE BY CASUALTY. In the event of a fire or other casualty in the Leased Premises, Tenant shall give prompt notice thereof to Landlord. If the Leased Premises shall be partially destroyed by fire or other casualty so as to render the Leased Premises partially or wholly untenantable, the Rent shall be abated on the basis of leasable square footage remaining and occupied thereafter, until such time as the Leased Premises are made fully fit for use by Tenant; provided, however, that if gross negligence or willful misconduct of Tenant, or its agents, agents or employees or invitees shall have contributed to the cause of such fire or other casualty, the Rental shall not be abated during the period of restoration of the Leased Premises.

Appears in 2 contracts

Samples: Lease Agreement (Echo Automotive, Inc.), Lease Agreement (Echo Automotive, Inc.)

DAMAGE BY CASUALTY. In the event of a fire or other casualty in the Leased Premises, Tenant shall give prompt notice thereof to Landlord. If the Leased Premises shall be partially destroyed by fire or other casualty so as to render the Leased Premises partially or wholly untenantable, the Rent shall be abated on the basis of leasable square footage remaining and occupied thereafter, until such time as the Leased Premises are made fully fit for use by Tenant; provided, however, that if gross negligence any act or willful misconduct neglect of Tenant, or its agents, employees or invitees shall have contributed to the cause of such fire or other casualty, the Rental shall not be abated during the period of restoration of the Leased Premises.

Appears in 2 contracts

Samples: Building Lease, Building Lease (Altair Nanotechnologies Inc)

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DAMAGE BY CASUALTY. In the event of a fire or other casualty in the Leased Premises, Tenant shall give prompt notice thereof to Landlord. If the Leased Premises shall be partially destroyed by fire or other casualty so as to render the Leased Premises partially or wholly untenantableunusable or inadequate for Tenant's purposes, the Rent shall be abated on the basis of leasable rentable square footage remaining and occupied thereafter, until such time as the Leased Premises are made fully fit for use by Tenant; provided, however, that if gross the negligence of Tenant or willful misconduct any of Tenant, or its agents, employees or invitees shall have contributed to the cause of such fire or other casualty, the Rental Rent shall not be abated during the period of restoration of the Leased PremisesPremises except to the extent that such Rent loss is compensated by rent loss insurance payable to Landlord.

Appears in 1 contract

Samples: Lease Agreement (ExactTarget, Inc.)

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