Common use of Damage or Destruction to Improvements Clause in Contracts

Damage or Destruction to Improvements. (a) If any Improvements shall be destroyed or damaged by any cause whatsoever, Tenant shall promptly notify Landlord and shall, at Tenant’s sole cost and expense, restore, repair, replace or rebuild the same as nearly as possible to their condition and character immediately prior to the damage or destruction, reasonable wear and tear excepted (“Casualty Restoration”).

Appears in 5 contracts

Samples: Agreement of Lease (GTJ REIT, Inc.), Agreement of Lease (GTJ REIT, Inc.), Agreement of Lease (GTJ REIT, Inc.)

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Damage or Destruction to Improvements. (a) If any Improvements shall be destroyed or damaged by any cause whatsoever, Tenant shall promptly notify Landlord and shall, at Tenant’s 's sole cost and expense, restore, repair, replace or rebuild the same as nearly as possible to their condition and character immediately prior to the damage or destruction, reasonable wear and tear excepted ("Casualty Restoration").

Appears in 1 contract

Samples: Asset Purchase Agreement (Tarpon Industries, Inc.)

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