DAMAGE BY FIRE AND OTHER CAUSES Sample Clauses

DAMAGE BY FIRE AND OTHER CAUSES. 14.1 Should the building be damaged or destroyed during the continuance of this Lease Agreement in such a manner as to tender the Leased Premises untenable, then the Leased Premises shall be vacated by the Lessee and the operation of this Lease shall be suspended on the date of such occurrence until the date. that the Leased Premises is rebuilt and ready for re-occupation as certified by a professional architect, whereafter this Lease shall resume.
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DAMAGE BY FIRE AND OTHER CAUSES. If all or any part of the Hotel is damaged or destroyed by fire or other casualty, unless Owner elects to terminate this Agreement as a result of its election not to restore the building and continue the operation of a hotel, Owner promptly will repair the Hotel and restore it to operating condition.
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DAMAGE BY FIRE AND OTHER CAUSES. In the event the Premises are wholly or partially destroyed or damaged so as to render the whole or a substantial part thereof unfit for occupancy, and the same cannot be repaired with reasonable diligence within one hundred eighty (180) days after the happening of such destruction or damage, then this Lease, at the option of the Airline shall cease and terminate as of the date of such destruction or damage. Upon such termination, the Airline shall surrender possession of the Premises to Stillwater. If such destruction or damage can be repaired within one hundred eighty (180) days, Stillwater shall forthwith repair the same with all reasonable diligence, and at its own expense (except to the extent such damage was caused by the negligence or actions of the Airline, its employees, and/or agents in which case the Airline shall be responsible for the cost of such repairs to the Premises attributable to the negligence or actions of the Airline, its employees, and/or agents) and this Lease shall continue in full force and effect.
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DAMAGE BY FIRE AND OTHER CAUSES 
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Related to DAMAGE BY FIRE AND OTHER CAUSES

  • Fire and Other Casualty In the event that at any time during the term hereof (including any extended term) the Leased Premises are totally damaged or destroyed by fire or other casualty or substantially damaged so as to render them or a material portion thereof untenantable, then there shall be a just and proportionate abatement of the Rent payable hereunder until the Leased Premises are made suitable for Tenant’s occupancy, and the Lease Term shall be extended, without the necessity of further action by any party, for a period equal to the time during which Rent so abated. In the event of such substantial (or total) damage to the Leased Premises, Landlord shall proceed at its expense and with reasonable diligence to repair and restore the Leased Premises to substantially the same condition they were in immediately prior to such casualty. Notwithstanding the foregoing, if Landlord in its sole discretion determines that timely restoration is not possible or practical or that there are or will be insufficient insurance proceeds available to Landlord to accomplish same, then Landlord shall have the right to terminate this Lease by written notice given to Tenant within ninety (90) days after the occurrence of such casualty. If Landlord proceeds with the repair and restoration of the Leased Premises, in the event the Leased Premises have not been restored to a condition substantially suitable for their intended purpose within one hundred eighty (180) days following said casualty, then either Landlord or Tenant shall have the right to terminate this Lease by giving notice thereof to the other party within thirty (30) days after the expiration of such period (as so extended) provided that such restoration is not completed within such period. This Lease shall cease and come to an end without further liability or obligation on the part of either party thirty (30) days after such giving of notice unless within such thirty-day period Landlord substantially completes such restoration. Such right of termination shall be Tenant’s sole and exclusive remedy at law or in equity for Landlord’s failure so to complete such restoration, and time shall be of the essence with respect thereto.

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