Damage—Uninsured Loss. If Damage that is not an Insured Loss occurs,
Damage—Uninsured Loss. If Damage that is not an Insured Loss occurs, (a) Lessee may repair such damage as soon as reasonably possible at Lessee’s expense, in which event this Lease shall continue in full force and effect; or if Lessee elects not to repair, Lessor may terminate this Lease by providing written notice to Lessee, within 30 days after receipt by Lessor of knowledge of the occurrence of such Damage.
Damage—Uninsured Loss. If Damage that is not an Insured Loss occurs, Lessee shall repair such damage as soon as reasonably possible at Lessee’s expense, and this Lease shall continue in full force and effect.
Damage—Uninsured Loss. If there is damage which is not an Insured Loss and the estimated restoration costs exceeds 33-percent of the actual replacement cost of the Leased Premises, as the case may be, then Landlord may at Landlord's option either (i) repair such damage as promptly as possible at Landlord's expense, in which event the Lease shall continue in full force and effect, or (ii) give notice to Tenant within 30-days after the date of the occurrence of such damage of Landlord's intention to terminate this Lease as of the date of the occurrence of such damage. If Landlord elects to terminate this Lease, Tenant shall have the right within 10-days after the receipt of such notice to give notice to Landlord of Tenant's intention to repair such damage at Tenant's expense, without reimbursement from Landlord, in which event this Lease shall continue in full force and effect, and Tenant shall proceed to make such repairs as soon as reasonably possible, except that Landlord shall be obligated to reimburse Tenant for 100-percent of the insurance proceeds received attributable to the replacement of the damaged improvements. If Tenant does not give such notice within such 10-day period, this Lease shall be terminated as of the date of the occurrence of such damage.
