Damage/Destruction. (a) Subject to the termination rights set forth in Section 13(c) and Section 13(d) below, if the Premises or any portion thereof are damaged or destroyed by fire or other casualty, Tenant will promptly give written notice thereof to Landlord, and Landlord shall, subject to the conditions and limitations set forth in this Section 13 below, repair the same at Landlord’s cost as and to the extent provided below.
(b) Subject to the provisions of Section 13(f) below, all insurance proceeds recovered by Landlord on account of such damage or destruction, less the cost, if any, to Landlord of such recovery and/or of any repair to the Premises for which Landlord is responsible, shall be paid out from time to time to the extent required to repair, restore and rebuild the Premises, pursuant to disbursement procedures established by Landlord and/or any Lender. Notwithstanding the foregoing, if (i) insurance proceeds are unavailable (a) as a result of a casualty of a type not required to be insured against by Landlord under the terms of this Lease, (b) under circumstances where Landlord has been required by any Lender to utilize substantially all of the insurance proceeds to repay a Loan, or (c) because after subtracting from such proceeds any necessary deductible payment and costs of recovering such proceeds (if any), such proceeds are not sufficient to complete Landlord’s repair obligations hereunder (unless any such unavailability is due to Landlord’s failure to maintain the insurance coverage required hereunder), or (ii) more than fifty percent (50%) of the Building is destroyed as a result of such damage, then Landlord shall have the right, at its sole option, to terminate this Lease by giving written notice of termination to Tenant within sixty (60) days after the occurrence of such damage. If Landlord repairs the Premises as provided in this Section 13, Landlord shall not be required to repair or restore any trade fixtures, furnishings, equipment or personal property of Tenant.
(c) Notwithstanding anything to the contrary contained in this Lease, if during the twelve (12) months prior to the expiration of the Then-Current Term, the Premises or a substantial portion thereof are damaged or destroyed by fire or other casualty, either Tenant or, unless Tenant has elected, or then elects to exercise at a Renewal Option to extend the Then-Current Term, Landlord shall have the option to terminate this Lease as of the date of such damage or destruction by written notice...
Damage/Destruction. In the event the Premises are damaged or rendered totally or partially uninhabitable by fire, other casualty or condemnation, PIC shall have the option to terminate the MOU. If such damages casualty or condemnation occurs during the term or any extension thereof, the District may elect to repair such damages or may elect to terminate the MOU during the term after providing thirty (30) days written notice of termination. In the event the Premises are rendered so uninhabitable as to prevent PIC from operating PIC’s business at the Premises, and neither PIC nor the District terminates the MOU, rental payments shall xxxxx on a per diem basis until the Premises are repaired to reasonably allow such operation of PIC’s business.
Damage/Destruction. In the event of damage to the PREMISES by fire, flood, lightning, or other Act of God, or act of terrorism rendering it impossible or substantially inconvenient for LESSEE to continue to occupy or use the PREMISES for its operations, the LESSOR, after notice from the LESSEE of the condition shall have thirty (30) days to repair and/or restore the PREMISES to a tenantable condition. If LESSOR fails to repair and/or restore the PREMISES within said period of thirty (30) days, or if LESSOR fails to make reasonable progress during the thirty (30) day period, as determined by LESSEE in its sole discretion, LESSEE may, at its option: a.) terminate this LEASE by giving LESSOR fourteen (14) days written termination notice or b.) after first giving LESSOR fourteen (14) days written notice, repair and restore the PREMISES to a tenantable condition, and deduct such costs made in restoration of the PREMISES from the RENT due the LESSOR. At LESSEE”S option, payment of RENT shall xxxxx as long as the PREMISES remains in an un-tenantable condition after notice to LESSOR and shall resume only after the condition has been substantially corrected. Such abatement shall be prorated on the portion of the PREMISES that is or remains un-tenantable.
Damage/Destruction. If the Unit or Property is damaged or destroyed, partially or totally, We may, at Our sole discretion, terminate this Lease Agreement. Your Rent will xxxxx proportionally.
Damage/Destruction. A. If during the Term, the Premises are damaged or destroyed by fire or other casualty, then, at Landlord's option: (i) the Premises will be promptly restored and repaired by the Landlord and, if the Unit is damaged or destroyed, any Rent for the period that the Premises are uninhabitable by Tenant will be reduced, unless and to the extent Landlord provides Tenant with comparable alternative living space; or (ii) Landlord may terminate this Lease by notifying Tenant, in which event the Rent will terminate as of the date of the damage or destruction; or (iii) Landlord may relocate Tenant to another unit within the Facility or a comparable facility. Notwithstanding any of the foregoing, Tenant will not be excused from paying Rent if the damage or destruction to the Premises is caused by Tenant or any guest of Tenant.
B. If the Premises are condemned, this Lease will terminate on the date the possession is tendered by Landlord to the condemning authority. All condemnation damages will belong to Landlord.
Damage/Destruction. Should the Premises become damaged, destroyed or otherwise partially or totally uninhabitable, rent will xxxxx and this Lease terminate if you decide to vacate the Premises. If you decide to remain, rent will not xxxxx nor will there be any offset or reduction in rent, unless both parties agree. Owner is not responsible for loss or damage to renter’s property. Renter agrees to furnish his/her own renter’s insurance policy to protect their belongings in the event of flood or other damage.
Damage/Destruction. Until Developer has reimbursed the City for the Cash Grant in full, in the event of fire, damage, or any other casualty to any part of the Project, the Developer agrees, at its cost and expense, to rebuild, repair and replace the Project in the condition it was immediately prior to the casualty. The fair market value of the Project following reconstruction and/or repair must be greater than or equal to the fair market value of the Project immediately prior to the casualty.
Damage/Destruction. A. If during the Term, the Premises are damaged or destroyed by fire or other casualty, then, at Landlord's option: (i) the Premises will be promptly restored and repaired by the Landlord and, if the Unit is damaged or destroyed, any Rent for the period that the Premises are uninhabitable by Tenant will be reduced, unless and to the extent Landlord provides Tenant with comparable alternative living space; or
Damage/Destruction interruption or inaccessibility
Damage/Destruction. If during the Term, the Premises are damaged or destroyed by fire or another casualty, Residence Life and Housing Services’ will have the following options:
i. The Premises will be promptly restored and repaired by agents of the University. If the unit is damaged or destroyed, it will reduce housing cost for the period that the Premises are uninhabitable by the Resident, unless and to the extent Residence Life and Housing Services provides the Resident with comparable alternative living space.
ii. Residence Life and Housing Services may terminate this Agreement by notifying the Resident and will return a prorated housing cost.
iii. Residence Life and Housing Services may relocate the Resident to another unit within the Facility or a comparable facility.
iv. Notwithstanding any of the preceding, the Resident will not be excused from paying Housing costs if the damage or destruction to the Premises is caused by the Resident or any guest of the Resident. The Resident will also be responsible for the cost of all damage and destruction to the premises.
v. If the Premises are condemned, this Agreement will terminate on the date Residence Life and Housing Services tender the possession to the condemning authority. All condemnation damages will belong to Residence Life and Housing Services.
