Common use of Damaged Premises Clause in Contracts

Damaged Premises. Tenant shall give immediate notice to Landlord in the event of any damage or destruction affecting the Premises. Subject to the provisions of this Section, Tenant shall immediately proceed to restore the Premises using the proceeds of insurance carried pursuant to Section 6 of this Lease and any insurance proceeds available from Landlord's insurance. Restoration shall be performed according to architectural designs, plans, and construction drawings and specifications approved in advance by Landlord, which approval shall not be unreasonably withheld or delayed, and shall restore the Premises to substantially the same condition prior to the damage, including then-current building code requirements. Tenant shall be responsible for any portion of a loss that is required to be covered in accordance with Section 6.2 but with respect to which the Tenant failed to obtain coverage.

Appears in 4 contracts

Samples: Commercial Lease (Western Power & Equipment Corp), Commercial Lease (Western Power & Equipment Corp), Commercial Lease (Western Power & Equipment Corp)

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