Common use of DEFINITION OF “SUBSTANTIAL DAMAGE” AND “PARTIAL DAMAGE Clause in Contracts

DEFINITION OF “SUBSTANTIAL DAMAGE” AND “PARTIAL DAMAGE. The term “substantial damage,” as used herein, shall refer to damage which is of such a character that in Tenant’s reasonable, good faith estimate the same cannot, in ordinary course, be expected to be repaired within 240 calendar days from the time that such repair work would commence. Any damage which is not “substantial damage” is “partial damage.” Reasonable extension shall be automatically granted to Tenant provided Tenant, acting in good faith, is pursuing such repair work.

Appears in 2 contracts

Samples: Ground Lease, Ground Lease

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DEFINITION OF “SUBSTANTIAL DAMAGE” AND “PARTIAL DAMAGE. The term “substantial damage,” ”, as used herein, shall refer to damage which is of such a character that in TenantLandlord’s reasonable, good faith estimate the same cannot, in ordinary course, be expected to be repaired within 240 60 calendar days from the time that such repair work would commence. Any damage which is not “substantial damage” is “partial damage.” Reasonable extension shall be automatically granted to Tenant provided Tenant, acting in good faith, is pursuing such repair work.

Appears in 1 contract

Samples: Lease (Metabolix, Inc.)

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DEFINITION OF “SUBSTANTIAL DAMAGE” AND “PARTIAL DAMAGE. The term “substantial damage,” as used herein, shall refer to damage which is of such a character that in TenantLandlord’s reasonable, good faith estimate the same cannot, in ordinary course, be expected to be repaired within 240 60 calendar days from the time that such repair work would commence. Any damage which is not “substantial damage” is “partial par- tial damage.” Reasonable extension shall be automatically granted to Tenant provided Tenant, acting in good faith, is pursuing such repair work.

Appears in 1 contract

Samples: Commercial Lease Agreement

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