Common use of Damage - Insured Clause in Contracts

Damage - Insured. If during the term of this Lease, the Premises and/or the building and other improvements in which the Premises are located are totally or partially destroyed rendering the Premises totally or partially inaccessible or unusable, and such damage or destruction was caused by casualty covered under an insurance policy required to be maintained hereunder, Landlord shall restore the Premises and/or the building and other improvements in which the Premises are located into substantially the same condition as they were in immediately before such damage or destruction, provided that the restoration can be made under the existing laws and can be completed within one hundred and twenty (120) working days after the date of such destruction or damage. Such destruction or damage shall not terminate this Lease.

Appears in 3 contracts

Samples: Commercial Lease (Easyriders Inc), Commercial Lease (Easyriders Inc), Commercial Lease (Easyriders Inc)

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Damage - Insured. If during the term of this Lease, the Premises and/or the building and other improvements in which the Premises are located are totally or partially destroyed rendering the Premises totally or partially inaccessible or unusable, and such damage or destruction was caused by casualty covered under an insurance policy required to be maintained hereunder, Landlord shall restore the Premises and/or the building and other improvements in which 8 the Premises are located into substantially the same condition as they were in immediately before such damage or destruction, provided that the restoration can be made under the existing laws and can be completed within one hundred and twenty (120) working days after the date of such destruction or damage. Such destruction or damage shall not terminate this Lease.

Appears in 2 contracts

Samples: Commercial Lease (Easyriders Inc), Commercial Lease (Easyriders Inc)

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