Damage Caused By AIRLINE. Notwithstanding the provisions of this Article 10, in the event that due to the negligence or willful act or omission of AIRLINE, its employees, its agents, or licensees, Airline Premises shall be damaged or destroyed by fire, other casualty or otherwise, there shall be no abatement of rent during the repair or replacement of said Airline Premises. To the extent that the costs of repairs shall exceed the amount of any insurance proceeds payable to AUTHORITY by reason of such damage or destruction, AIRLINE shall pay the amount of such additional costs to AUTHORITY.
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Samples: Use and Lease Agreement, And Lease Agreement, Use and Lease Agreement
Damage Caused By AIRLINE. Notwithstanding the provisions of this Article 1011, in the event that due to the negligence or willful act or omission of AIRLINE, its employees, its agents, or licensees, the Airline Premises shall be damaged or destroyed by fire, other casualty or otherwise, there shall be no abatement of rent during the repair or replacement of said Airline Premises. To the extent that the costs of repairs shall exceed the amount of any insurance proceeds payable to AUTHORITY by reason of such damage or destruction, AIRLINE shall pay the amount of such additional costs to AUTHORITY.
Appears in 1 contract
Damage Caused By AIRLINE. Notwithstanding the provisions of this Article 1013, in the event that due to the negligence or willful act or omission of AIRLINEAirline, its employees, its agents, or licensees, Airline Premises shall be damaged or destroyed by fire, other casualty or otherwise, there shall be no abatement of rent during the repair or replacement of said Airline Premises. To the extent that the costs of repairs shall exceed the amount of any insurance proceeds payable to AUTHORITY received by City by reason of such damage or destruction, AIRLINE Airline shall pay the amount of such additional costs to AUTHORITYCity.
Appears in 1 contract
Samples: Lease and Operating Agreement
Damage Caused By AIRLINE. Notwithstanding the provisions of this Article 109, in the event that due to the negligence or willful act or omission of AIRLINE, its employees, its agents, or licensees, Airline Premises shall be damaged or destroyed by fire, other casualty or otherwise, there shall be no abatement of rent during the repair or replacement of said Airline Premises. To the extent that the costs of repairs shall exceed the amount of any insurance proceeds payable to AUTHORITY by reason of such damage or destruction, AIRLINE shall pay the amount of such additional costs to AUTHORITY.
Appears in 1 contract
Samples: Use and Lease Agreement (Global Crossing Airlines Group Inc.)