DAMAGES TO BUILDING. If the Building is damaged by fire or any other cause to such extent the cost of restoration, as reasonably estimated by Lessor, will equal or exceed twenty-five percent (25%) of the replacement value of the Building (exclusive of foundations) just prior to the occurrence of the damage, then Lessor may, no later than the sixtieth (60th) day following the date of damage, give Lessee a notice of election to terminate this Lease, or if the cost of restoration will equal or exceed fifty percent (50%) of such replacement value and if the Premises shall not be reasonably usable for the purpose for which they are leased hereunder, then Lessee may, no later than the sixtieth (60th) day following the date of damage, give Lessor a notice of election to terminate this Lease. In either said event of election, this Lease shall be deemed to terminate on the thirtieth (30th) day after the giving of said notice, and Lessee shall surrender possession of the Premises within a reasonable time thereafter, and the Fixed Basic Rent, and any Additional Rent, shall be apportioned as of the date of said surrender and any Fixed Basic Rent or Additional Rent paid for any period beyond said date shall be repaid to Lessee. If the cost of restoration shall not entitle Lessor to terminate this Lease, or if, despite the cost, Lessor does not elect to terminate this Lease, Lessor shall restore the Building and the Premises with reasonable promptness, subject to Force Majeure, and Lessee shall have no right to terminate this Lease. Lessor need not restore fixtures and improvements owned by Lessee.
DAMAGES TO BUILDING. If the Building is damaged by fire or any other cause to such extent that the cost of restoration, as reasonably estimated by Landlord, will equal or exceed twenty-five (25%) percent of the replacement value of the Building (exclusive of foundations) just prior to the occurrence of the damage, then Landlord may, no later than the sixtieth (60th) day following the damage, give Tenant a notice electing to terminate this Lease. In such event, this Lease will terminate on the thirtieth (30th) day after the giving of such notice, and Tenant will surrender possession of the Premises on or before such date. If this Lease is not terminated pursuant to this Article, Landlord will restore the Building and the Premises with reasonable promptness, subject to Force Majeure, as defined in Article 30 e) below, and subject to the availability and adequacy of the insurance proceeds. Landlord shall not be obligated to restore fixtures and improvements owned by Tenant. In any case in which use of the Premises is affected by any damage to the Building, there will be either an abatement or an equitable reduction in Fixed Basic Rent, depending on the period for which and the extent to which the Premises are not reasonably usable for general office use. The words “restoration” and “restore” as used in this Article will include repairs.
DAMAGES TO BUILDING a) Exhibitors will not be permitted to fasten machines or any part of a display to walls, columns or floor. No holes of any type may be drilled in the exhibit floor,
DAMAGES TO BUILDING. If the building is damaged by fire or any other cause to such an extent that the cost of restoration, as reasonably estimated by lessor, will equal or exceed twenty-five (25) percent of the replacement value of the building (exclusive of foundations) just prior to the occurrence of the damage, then lessor may, no later than the tenth (10th) day following the damage, give lessee a notice of election to terminate this lease, or if the cost of restoration will equal or exceed twenty-five (25) percent of such replacement value and if the premises shall not be reasonably usable for the purposes for which they are leased under this agreement, then lessee may, no later than the tenth (10th) day following the damage, give lessor a notice of election to terminate this lease. In event of either such election this lease shall be deemed to terminate on the first day after the giving of such notice, and lessee shall surrender possession of the premises within a reasonable time thereafter, and the rent, and any additional rent, shall be apportioned as of the date of the surrender and any rent paid for any period beyond this date shall be repaid to tenant.
DAMAGES TO BUILDING. If the building is damaged by the fire, the elements or any other casualty during the lease term to such extent that the cost of restoration, as reasonably estimated by Lessor, will equal or exceed fifty (50%) per cent of the replacement value of the building, exclusive of foundations, just prior to the occurrence of the damage, then Lessor may give Lessee a notice of election to terminate this Lease. In such event this Lease shall be deemed to terminate on the thirtieth (30th) day after the giving of notice, and Lessee shall surrender possession of the premises within a reasonable time thereafter, and the rent, and any additional rent, shall be apportioned as of the date of surrender and any rent paid for any period beyond such date shall be repaid to tenant.
DAMAGES TO BUILDING. If the Building is damaged by fire or any other cause to such extent the cost of restoration, as reasonably estimated by Lessor, will equal or exceed twenty-five percent (25%) of the replacement value of the Building (exclusive of foundations) just prior to the occurrence of the damage, then Lessor may, no later than the sixtieth (60th) day following the date of damage, give Lessee a notice of election to terminate this Lease, or if the cost of restoration will equal or exceed fifty percent (50%) of such replacement value and if the Premises shall not be reasonably usable for the purpose for which they are leased hereunder, or if restoration of the damage will require more than one hundred eighty (180) days to complete or if such
DAMAGES TO BUILDING. (a) If the Premises or any part thereof shall be damaged or rendered inaccessible by fire or other casualty, Lessee shall give prompt notice thereof to Lessor and Lessor shall proceed (subject to the provisions of this Section) with reasonable diligence to repair or cause to be repaired such damage. The Fixed Basic Rent and Additional Rent shall be abated proportionately to the extent that the Premises shall have been rendered Untenantable (as hereinafter defined) or inaccessible, such abatement to be from the date of such damage or destruction to the date which is thirty (30) days following the date the Premises shall no longer be Untenantable or inaccessible. “
DAMAGES TO BUILDING. If the building is damaged by fire or any other cause, the Landlord will promptly make such repairs as are reasonably necessary. In the event said repairs are not promptly made, then the Tenant may, but shall not be obligated, to make said repairs and deduct the cost of same from rent which may thereafter become due. In the event such damage prevents or hinders the Tenant from conducting its business on the Premises, then the Tenant may, upon five (5) days written notice, terminate this Lease. Upon said termination, the Tenant's obligation hereunder shall cease as of date of such termination notice. In any case in which use of the Premises is affected by damage to the building, there shall be either an abatement or an equitable reduction in rent depending on the period for which, and the extent to which, the Premises are unusable for the purposes for which the Premises are leased under this agreement.
DAMAGES TO BUILDING. If the Building is damaged by fire or any other cause to such extent that the cost of restoration, as reasonably estimated by Landlord, will equal or exceed twenty-five (25%) percent of the replacement value of the Building (exclusive of foundations) just prior to the occurrence of the damage, then Landlord may, no later than the sixtieth (60th) day following the damage, give Tenant a notice electing to terminate this Lease. If restoration of the damage to the Premises will require more than one hundred eighty (180) days to complete or if such damage is not fully repaired and reasonable access to the Premises restored within one hundred eighty (180) days from the date of damage, then, in any such event, Lessee may, no later than the sixtieth (60th) day following Tenant’s receipt of notice from Landlord of Landlord’s estimation that the time period to restore will exceed one hundred eighty(180) days, or following the end of said one hundred eighty (180) day period, give Lessor a notice of election to terminate this Lease. In either such event, this Lease will terminate on the thirtieth (30th) day after the giving of such notice, and Tenant will surrender possession of the Premises on or before such date. If this Lease is not terminated pursuant to this Article, Landlord will restore the Building and the Premises to the condition existing just before the damage, with reasonable promptness, subject to Force Majeure (each claimed event of Force Majeure not to exceed sixty (60) days), as defined in Article 30 e) below, and subject to the availability and adequacy of the insurance proceeds. Landlord shall not be obligated to restore fixtures and improvements owned by Tenant. Not withstanding anything contained herein to the contrary, any determination by Landlord to terminate the Lease pursuant to this Article 8 shall be on a non-discriminatory basis. In any case in which use of the Premises is affected by any damage to the Building, there will be either an abatement or an equitable reduction in Fixed Basic Rent and Additional Rent, depending on the period for which and the extent to which the Premises are not reasonably usable for general office use. The words “restoration” and “restore” as used in this Article will include repairs.
DAMAGES TO BUILDING. If the Building is damaged by fire or any other cause to such extent that the cost of restoration, as reasonably estimated by Landlord, will equal or exceed twenty-five (25%) percent of the replacement value of the Building (exclusive of foundations) just prior to the occurrence of the damage, then Landlord may, no later than the sixtieth (60th) day following the damage, give Tenant a notice electing to terminate this Lease. In such event, this Lease will terminate on the thirtieth (30th) day after the giving of such notice, and Tenant will surrender possession of the Premises on or before such date. If this Lease is not terminated pursuant to this Article, Landlord will restore the Building and the premises with reasonable promptness, subject to Force Majeure, as defined in Article 30(e) below, and subject to the availability and adequacy of the insurance proceeds. Landlord shall not be obligated to restore fixtures and improvements owned by Tenant.
