Common use of DAMAGE BY FIRE, ETC Clause in Contracts

DAMAGE BY FIRE, ETC. (a) If the Demised Premises or any part thereof shall be destroyed or damaged by fire (except where such fire has been caused by the fault or negligence of the Tenant) earthquakes, riot, civil commotion or Act of God or other inevitable cause without default of the Tenant so as to render the Demised Premises, in the opinion of the relevant authorities to be unfit for occupation and use by the Tenant then in such an event, the Tenant shall have the right to determine the Tenancy by giving a notice in writing to the Landlord within fourteen (14) days upon receipt of the written confirmation by the relevant authorities whereupon the Landlord shall refund the Rent Deposit and Utilities Deposit to the Tenant within thirty (30) days of receipt of the Tenant's notice of termination. (b) In the event that the Tenant fails to exercise the right as provided for under Clause 6.02(a) within fourteen (14) days upon receipt of the said written confirmation by the relevant authorities then the rent hereby covenant to be paid or a fair proportion hereof according to the nature and extent of the damage sustained shall be suspended from the date of such destruction or damage (hereinafter referred to as the "DESTRUCTION DATE") until the Demised Premises shall again be rendered fit for occupation and use by the Tenant within two (2) months from the Destruction Date.

Appears in 1 contract

Samples: Tenancy Agreement (Three Five Systems Inc)

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DAMAGE BY FIRE, ETC. (a) If the Demised Premises or any part thereof shall be destroyed or damaged by fire (except where such fire has been caused by the fault or negligence of the Tenant) earthquakes, riot, civil commotion or Act of God or other inevitable cause without default of the Tenant so as to render the Demised Premises, in the opinion of the relevant authorities to be unfit for occupation and use by the Tenant then in such an event, the Tenant shall have the right to determine the Tenancy by giving a notice in writing to the Landlord Landlords within fourteen (14) days upon receipt of the written confirmation by the relevant authorities whereupon the Landlord Landlords shall refund the Rent Deposit and Utilities Deposit to the Tenant within thirty (30) days of receipt of the Tenant's notice of termination. (b) In the event that the Tenant fails to exercise the right as provided for under Clause 6.02(a) within fourteen (14) days upon receipt of the said written confirmation by the relevant authorities then the rent hereby covenant to be paid or a fair proportion hereof according to the nature and extent of the damage sustained shall be suspended from the date of such destruction or damage (hereinafter referred to as the "DESTRUCTION DATE") until the Demised Premises shall again be rendered fit for occupation and use by the Tenant within two (2) months from the Destruction Date.

Appears in 1 contract

Samples: Tenancy Agreement (Three Five Systems Inc)

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