Common use of Damage - Uninsured Clause in Contracts

Damage - Uninsured. In the event the Premises may be damaged or destroyed by a casualty which is not covered by fire and extended coverage insurance carried by Landlord, the Landlord shall restore same, provided that if the damage or destruction is to an extent greater than ten percent (10%) of the then replacement cost of improvements on the Premises (exclusive of Tenant's trade fixtures and equipment and exclusive of foundations) then Landlord may elect not to restore and to terminate this Lease. Landlord must give Tenant written notice of its election not to restore within thirty (30) days from the date Landlord received notice of such damage and, if not given, Landlord shall be deemed to have elected to restore and in such event shall repair any damage as soon as reasonably possible. In the event Landlord elects to give such notice of Landlord's intention to cancel and terminate this Lease, Tenant shall have the right within ten (10) days after receipt of such notice to give written 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. If Tenant does not give such notice within such ten (10) day period, this Lease shall be canceled and terminated as of the date of the occurrence of such damage.

Appears in 3 contracts

Samples: Lease Agreement (Optiva Corp /Wa/), Lease Agreement (Celebrate Express, Inc.), Lease Agreement (Celebrate Express, Inc.)

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Damage - Uninsured. In If at any time during the event term hereof the Premises may be are damaged or destroyed and such damage was caused by a casualty which is not covered under an insurance policy required to be maintained pursuant to paragraph 6, Landlord shall, at Landlord's option, either (a) repair such damage as soon as reasonably possible at Landlord's expense, except if such damage was caused by fire and extended coverage insurance carried by Landlord, the Landlord shall restore same, provided that if the damage a negligent or destruction is to an extent greater than ten percent (10%) of the then replacement cost of improvements on the Premises (exclusive willful act of Tenant, in which event it shall be at Tenant's trade fixtures expense; this Lease shall continue in full force and equipment and exclusive of foundationseffect, or (b) then Landlord may elect not to restore and to terminate this Lease. Landlord must give Tenant written notice of its election not to restore Tenant within thirty (30) days from after the date Landlord received notice of the occurrence of such damage and, if not given, Landlord shall be deemed of Landlord's intention to have elected to restore cancel and in terminate this Lease as of the date of the occurrence of such event shall repair any damage as soon as reasonably possibledamage. In the event Landlord elects to give such notice of Landlord's intention to cancel and terminate this Lease, Tenant shall have the right within ten fifteen (1015) days after the receipt of such notice to give written 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. If Tenant does not give such notice within such ten (10) 15-day period, this Lease shall may, at Landlord's option, be canceled cancelled and terminated as of the date of the occurrence of such damage.

Appears in 2 contracts

Samples: Lease Agreement (Jevic Transportation Inc), Lease Agreement (Jevic Transportation Inc)

Damage - Uninsured. In the event that the Premises may be are damaged or destroyed by a casualty which is not covered by the fire and extended coverage insurance which is required to be carried by Landlordthe party designated in Article 11(a) above, the then Landlord shall restore the same, ; provided that if the damage or destruction is to an extent greater than ten percent (10%) percent of the then replacement cost of the improvements on the Premises (exclusive of Tenant's trade fixtures and equipment and exclusive of foundations) foundations and footings), then Landlord may elect not to restore and to terminate this Lease. Landlord must give to Tenant written notice of its election intention not to restore within thirty (30) days from the date Landlord received notice of such damage or destruction and, if not given, Landlord shall be deemed to have elected to restore and in such event shall repair any damage as soon as reasonably possible. In the event that Landlord elects to give such notice of Landlord's intention to cancel and terminate this Lease, Tenant shall have the right right, within ten (10) days after receipt of such notice notice, to give written notice to Landlord of Tenant's intention to repair such damage at Tenant's expense, without reimbursement from Landlord, in which event this the Lease shall continue in full force and effect and Tenant shall proceed to make such repairs as soon as reasonably possible. If the Tenant does not give such notice within such ten (10) 10 day period, this Lease shall be canceled cancelled and be deemed terminated as of the date of the occurrence of such damagedamage or destruction.

Appears in 2 contracts

Samples: Commercial Lease (Hit Entertainment Inc), Commercial Lease (Hit Entertainment Inc)

Damage - Uninsured. In the event that the Premises may be are damaged or destroyed by a casualty which is not covered by the fire and extended coverage insurance which is required to be carried by Landlordthe party designated in Article 11(a) above, the then Landlord shall restore the same, ; provided that if the damage or destruction is to an extent greater than ten percent (10%) percent of the then replacement cost of the improvements on the Premises (exclusive of Tenant's trade fixtures and equipment and exclusive of foundations) foundations and footings), then Landlord may elect not to restore and to terminate this Lease. Landlord must give to Tenant written notice of its election intention not to restore within thirty (30) days from the date Landlord received notice of such damage or destruction and, if not given, Landlord shall be deemed to have elected to restore and in such event shall repair any damage as soon as reasonably possible. In the event that Landlord elects to give such notice of Landlord's intention to cancel and terminate this Lease, Tenant shall have the right right, within ten (10) days after receipt of such notice notice, to give written notice to Landlord of Tenant's intention to repair such damage at Tenant's expense, without reimbursement from Landlord, in which event this the Lease shall continue in full force and effect and Tenant shall proceed to make such repairs as soon as reasonably possible. If the Tenant does not give such notice within such ten (10) 10 day period, this Lease shall be canceled and be deemed terminated as of the date of the occurrence of such damagedamage or destruction.

Appears in 2 contracts

Samples: Lease Agreement (Fair Isaac & Company Inc), Lease Agreement (Fair Isaac & Company Inc)

Damage - Uninsured. In the event that the Premises may be are damaged or destroyed by a casualty which is not covered by the fire and extended coverage insurance which is required to be carried by Landlordthe party designated in Article 11(a) above, the then Landlord shall restore the same, ; provided that if the damage or destruction is to an extent greater than ten percent (10%) percent of the then replacement cost of the improvements on the Premises (exclusive of Tenant's trade fixtures and equipment and exclusive of foundations) foundations and footings), then Landlord may elect not to restore and to terminate this Lease. Landlord must give to Tenant written notice of its election intention not to restore within thirty (30) days from the date Landlord received notice of such damage or destruction and, if not given, Landlord shall be deemed to have elected to restore and in such event shall repair any damage as soon as reasonably possible. In the event that Landlord elects to give such notice of Landlord's intention to cancel and terminate this Leaselease, Tenant shall have the right right, within ten (10) days after 9 receipt of such notice notice, to give written notice to Landlord of Tenant's intention to repair such damage at Tenant's expense, without reimbursement from Landlord, in which event this Lease the lease shall continue in full force and effect and Tenant shall proceed to make such repairs as soon as reasonably possible. If the Tenant does not give such notice within such ten (10) 10 day period, this Lease shall be canceled cancelled and be deemed terminated as of the date of the occurrence of such damagedamage or destruction.

Appears in 2 contracts

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

Damage - Uninsured. In the event the Premises may be damaged or destroyed by a casualty which is not covered by fire and extended coverage insurance carried by Landlord, the then Landlord shall restore same, provided that if the damage or destruction is to an extent greater than ten percent (10%) per cent of the then replacement cost of improvements on the Premises (exclusive of Tenant's trade fixtures and equipment and exclusive of foundations) then Landlord may elect not to restore and to terminate this Lease. Landlord must give Tenant written notice of its election not to restore within thirty (30) days from the date Landlord received notice of such damage andand if, if not given, Landlord shall be deemed to have elected to restore and in such event shall repair any damage as soon as reasonably possible. In the event Landlord elects to give such notice of Landlord's intention to cancel and terminate this the Lease, Tenant shall have the right within ten (10) days after the receipt of such notice to give written notice to Landlord of Tenant's intention to repair such damage at of 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 repair as soon as reasonably possible. If Tenant does not give such notice within such ten (10) day period, this Lease shall be canceled cancelled and terminated as of the date of the occurrence of such damage.

Appears in 2 contracts

Samples: Industrial Lease (Esterline Technologies Corp), Industrial Lease (Esterline Technologies Corp)

Damage - Uninsured. In the event the Premises may be damaged or destroyed by a casualty which is not covered by fire and extended coverage insurance carried by Landlord, the then Landlord shall have the option to restore same, provided that if the damage or destruction is to an extent greater than ten percent (10%) of the then replacement cost of improvements on the Premises (exclusive of Tenant's trade fixtures and equipment and exclusive of foundations) then Landlord may or elect not to restore and to terminate this Lease. Landlord must give Tenant written notice of its election not to restore within thirty sixty (3060) days from the date Landlord received receives notice of such damage damage, and, if not given, Landlord shall be deemed to have elected to restore and in such event shall repair any damage as soon as reasonably possible, at Landlord's cost. In the event Landlord elects to give such notice of Landlord's intention to cancel and terminate this Lease, Tenant shall have the right within ten (10) days after receipt of such notice to give written 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. If Tenant does not give such notice within such ten (10) day period, this Lease shall be canceled cancelled and terminated as of the date of the occurrence occupance of such damage.

Appears in 1 contract

Samples: Sublease Agreement (Arterial Vascular Engineering Inc)

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Damage - Uninsured. In the event the Premises may be damaged or destroyed by a casualty which is not covered by fire and extended coverage insurance carried by Landlord, the Landlord shall restore same, provided that if the damage or destruction is to an extent greater than ten percent (10%) of the then replacement cost of improvements on the Premises (exclusive of Tenant's trade fixtures and equipment and exclusive of foundations) then Landlord may elect not to restore and to terminate this Lease. Landlord must give Tenant written notice of its election not to restore the Premises within thirty (30) days from the date Landlord received notice of such damage and, if not given, Landlord shall be deemed to have elected to restore and in such event shall repair any damage as soon as reasonably possible. In the event Landlord elects to give such notice of Landlord's intention to cancel and terminate this Lease, Tenant shall have the right within ten fifteen (1015) days after receipt of such notice to give written 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. If Tenant does not give such notice within such ten fifteen (1015) day period, this Lease shall be canceled and terminated as of the date of the occurrence of such damage.

Appears in 1 contract

Samples: Lease Agreement (Cutter & Buck Inc)

Damage - Uninsured. In the event that the Premises may be are damaged or destroyed by a casualty which is not covered by the fire and extended coverage insurance which is required to be carried by Landlordthe party designated in the INSURANCE; INDEMNITY section above, the then Landlord shall restore the same, ; provided that if the damage or destruction is to an extent greater than ten percent (10%) percent of the then replacement cost of the improvements on the Premises (exclusive of Tenant's ’s trade fixtures and equipment and exclusive of foundations) foundations and footings), then Landlord may elect not to restore and to terminate this Lease. Landlord must give to Tenant written notice of its election intention not to restore within thirty (30) days from the date Landlord received notice of such damage or destruction and, if not given, Landlord shall be deemed to have elected to restore and in such event shall repair any damage as soon as reasonably possible. In the event that Landlord elects to give such notice of Landlord's ’s intention to cancel and terminate this Lease, Tenant shall have the right right, within ten (10) days after receipt of such notice notice, to give written notice to Landlord of Tenant's ’s intention to repair such damage at Tenant's ’s expense, without reimbursement from Landlord, in which event this the Lease shall continue in full force and effect and Tenant shall proceed to make such repairs as soon as reasonably possible. If the Tenant does not give such notice within such ten (10) 10 day period, this Lease shall be canceled and be deemed terminated as of the date of the occurrence of such damagedamage or destruction.

Appears in 1 contract

Samples: Lease Agreement (Transoma Medical Inc)

Damage - Uninsured. In the event the Premises Property may be damaged or destroyed by a casualty which is not covered by fire and extended coverage property insurance carried by Landlord, the Landlord shall restore same, provided that if the damage or destruction is to an extent greater than ten percent (10%) of the then replacement cost of improvements on the Premises Property (exclusive of Tenant's trade fixtures and equipment and exclusive of foundationsequipment) then Landlord may elect not to restore and to terminate this LeaseLease effective as of the date of the casualty. Landlord must give Tenant written notice of its election not to restore within thirty sixty (3060) days from the date Landlord received notice of such damage and, if not given, Landlord shall be deemed to have elected to restore and in such event shall repair any damage as soon as reasonably possible. In the event Landlord elects to give such notice of LandlordXxxxxxxx's intention to cancel and terminate this Lease, Tenant shall have the right within ten (10) days after receipt of such notice to give written 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. If Tenant does not give such notice within such ten (10) day period, this Lease shall be canceled and terminated as of the date of the occurrence of such damage.

Appears in 1 contract

Samples: Lease Agreement

Damage - Uninsured. In the event that the Premises may be premises are damaged or destroyed by a casualty which is not covered by the fire and extended coverage insurance which is required to be carried by Landlordunder Paragraph 17, the then Landlord shall restore the same, ; provided that if the damage or destruction is to an extent greater than ten percent (10%) of the then replacement cost of improvements on the Premises premises (exclusive of Tenant's trade fixtures and equipment and exclusive of foundations) equipment), then Landlord may elect not to restore and to terminate this Lease. Landlord must give to Tenant written notice of its election intention not to restore within thirty (30) days from the date Landlord received notice of such damage andor destruction, and if not given, Landlord shall be deemed to have elected to restore and in such event shall repair any damage as soon as reasonably possible. In the event that Landlord elects to give such notice of Landlord's intention to cancel and terminate this Lease, then Tenant shall have the right right, within ten (10) days after receipt of such notice notice, to give written notice to Landlord of Tenantto Xxxxxx's intention to repair such damage at Tenant's expense, without reimbursement from Landlord, in which event this the Lease shall continue in full force and effect and Tenant shall proceed to make such repairs as soon as reasonably possible. If the Tenant does not give such notice within written such ten (10) -day period, this Lease shall be canceled and be deemed terminated as of the date of the occurrence of such damagedamage or destruction.

Appears in 1 contract

Samples: Lease Agreement (Community Bancorp Inc)

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