Common use of Damage From Casualty Clause in Contracts

Damage From Casualty. If following the execution hereof and prior to the expiration of the Term the Premises shall be damaged or destroyed in whole or in part by fire or other casualty, this Lease shall, except as hereinafter provided in this Article X, remain in full force and effect and Landlord shall, upon written notice of such damage from Tenant (“Tenant’s Casualty Notice”) and proceeding with reasonable dispatch, repair or rebuild so much of the Premises as have been damaged by fire or the elements and as were part of the Premises on the Term Commencement Date (and not the responsibility of Tenant to repair, restore and/or replace under this Lease) to substantially their condition at the time of such damage or destruction (subject, however, to zoning laws and building codes then in existence), but Landlord shall not be responsible for any delay which may result by reason of adjustment of insurance claims, collection of insurance proceeds, labor troubles, or from any cause beyond Landlord’s reasonable control, nor shall Landlord be obligated to commence repair or restoration work prior to receipt of sufficient insurance proceeds, nor shall Landlord be required to expend sums in excess of “net recovered insurance proceeds”, meaning net insurance amounts actually received by Landlord specifically for repair or reconstruction work after first deducting all Landlord’s costs and expenses to obtain the same. Tenant shall concurrently repair or restore so much of the Premises (1) as were constructed by Tenant, or (2) are the responsibility of Tenant under this Lease.

Damage From Casualty. In the event that the Premises are --------------------------------- damaged in whole or in part by fire or other casualty, Tenant shall promptly notify Landlord thereof. If following the execution hereof and prior to the expiration of the Lease Term the Premises shall be damaged or destroyed in whole or in part by fire or other casualty, this Lease shall, except as hereinafter provided in this Article X, remain in full force and effect and Landlord shall, upon written notice of such damage from Tenant (“Tenant’s Casualty Notice”) and proceeding with reasonable dispatch, repair or rebuild so much of the Premises as have been damaged (exclusive of Tenants Work and any alterations or improvements, other than Landlord's Work, made by fire or the elements and as were part on behalf of the Premises on the Term Commencement Date (and not the responsibility of Tenant to repair, restore and/or replace under this LeaseTenant) to substantially their condition at immediately prior to the time of such damage or destruction (subject, however, to zoning laws and building codes then in existence), but Landlord shall not be responsible for any Excusable Delay. including any delay which may result by reason of adjustment of insurance claims, claims or collection of insurance proceeds, labor troubles, or from any cause beyond Landlord’s reasonable control, nor shall Landlord be obligated to commence repair or restoration work prior to receipt of sufficient insurance proceeds, nor shall Landlord be required to expend sums in excess of “"net recovered insurance proceeds”. The term "net recovered insurance proceeds" shall mean the ---------------------------- amount of any insurance proceeds actually recovered by Landlord, meaning net less the cost of obtaining the same (including attorneys' fees and appraisal fees) and less the amount thereof required to be paid to a mortgagee or ground lessor, plus the amount of any insurance amounts actually received by Landlord specifically for repair or reconstruction work after first deducting all Landlord’s costs and expenses deductible. Subject to obtain the same. terms of this Lease, Tenant shall concurrently repair or restore so much of the Premises (1a) as were constructed by Tenant, Tenant or (2b) are the responsibility of Tenant under this LeaseLease and shall repair and restore its fixtures and personal property.