Common use of DAMAGE OR DESTRUCTION OF PREMISES OR PROPERTY Clause in Contracts

DAMAGE OR DESTRUCTION OF PREMISES OR PROPERTY. If, in the opinion of Licensor, the Premises or Property should become uninhabitable during the term hereof because of damage or destruction by fire or other casualty, Licensor shall have the right to terminate this License, or move Licensee to similar accommodations within the Property and repair and restore the Premises or Property. In the event of such damage or destruction to the Premises or Property without the fault of Licensee, or Licensee's agents or guests, Licensee's obligations to pay License fee hereunder shall be abated only if Licensor terminates this License, or does not furnish Licensee with similar accommodations within the Property. Any refunds due Licensee, if any, shall be offset by the cost of restoring damages, lost or destroyed property (normal wear and tear excepted) as well as the cost of cleaning the Apartment that has not been left in a reasonably clean condition. If any refund is insufficient to cover these costs or if there is no refund due, then Licensee shall promptly pay the difference.

Appears in 3 contracts

Samples: License Agreement, License Agreement, License Agreement

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DAMAGE OR DESTRUCTION OF PREMISES OR PROPERTY. If, in the opinion of Licensor, the Premises or Property should become uninhabitable during the term hereof because of damage or destruction by fire or other casualty, Licensor shall have the right to terminate this License, or move Licensee to similar accommodations within the Property and repair and restore the Premises or Property. In the event of such damage or destruction to the Premises or Property without the fault of Licensee, or Licensee's agents or guests, Licensee's obligations to pay License fee hereunder shall be abated only if Licensor terminates this License, License or does not furnish Licensee with similar accommodations within the Property. Any refunds due Licensee, if any, shall be offset by the cost of restoring damages, lost or destroyed property (normal wear and tear excepted) as well as the cost of cleaning the Apartment that has not been left in a reasonably clean condition. If any refund is insufficient to cover these costs or if there is no refund due, then Licensee shall promptly pay the difference.

Appears in 1 contract

Samples: License Agreement

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