Destruction Condemnation. In the event of damage or destruction of the premises or the building of which it is a part by fire or any other casualty, Owner may, his option elect to terminate this Agreement as of the date of happening. In no case shall Resident be entitled to compensation for damages on account of loss, annoyance or inconvenience resulting from such damage, destruction or its repair.
Destruction Condemnation. 20 1.14 Alterations............................................... 25 1.15
Destruction Condemnation. Owner and Westboy agree to fully enforce their respective rights and perform all of their obligations under Article VII of the Management Agreement and Article XIV of the Lease Agreement.
Destruction Condemnation. In the event the Roof is damaged to such a ------------------------ degree that the Antenna can no longer be operated or the Roof Space is taken by power of eminent domain. Tenant may immediately terminate its rights hereunder by providing written notice to Landlord. In the event of such a casualty or condemnation and provided that the Lease has been terminated because of such casualty or condemnation pursuant to the provisions therein, this License may also be terminated by Landlord simultaneous with the Lease termination, otherwise any damage to the Roof shall be repaired by Landlord, subject to all provisions of and limitations of the Lease.
Destruction Condemnation. In no event shall Landlord be liable for any loss or damage sustained by Tenant by reason of casualty. If a fire or other casualty causes damage to the Building or the Leased Premises, such that the time needed to rebuild or repair exceeds six (6) months from the beginning of the restoration (as estimated by Landlord’s contractor), then either Landlord or Tenant may terminate this Lease by notice to the other party by no later than thirty (30) days after the date Landlord notifies Tenant in writing of the estimated time needed to rebuild or repair the casualty damage. If the Lease is not terminable pursuant to the preceding sentence or, if it is so terminable and is not terminated within such thirty (30) day period, then Landlord shall proceed with diligence to restore the condition of the Leased Premises to the condition as required under Exhibit “B”. Tenant agrees that if the Leased Premises or the Building are damaged by fire or other casualty caused by the fault or negligence of Tenant or Tenant’s subtenants, assignees, employees, contractors or agents, Tenant shall have no option to terminate this Lease and the Rent shall not be abated during the repair period. If all or part of the Leased Premises shall be taken for any public or quasi-public use by virtue of the exercise of the power of eminent domain or by private purchase in lieu thereof, this Lease shall terminate as to the part so taken as of the date of taking, and all compensation awarded or paid to Landlord upon a total or partial taking of the Building or any portion thereof shall belong to and be the property of Landlord without any participation by Tenant. Landlord
Destruction Condemnation. 13 11.1 Destruction.................................................. 13 11.2 Condemnation................................................. 14
Destruction Condemnation. If there is any partial destruction of the Premises or of the building in which the Premises are located, from fire, casualty, or other cause, Lessor shall promptly repair same, provided such repairs can be made in a reasonable amount of time under the laws and regulations of the proper governmental authorities; provided further that the cause or casualty is covered by building owner's fire and extended coverage insurance policies in force at the time of the partial destruction. Such partial destruction shall in no way void this Agreement, except Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based on the extent to which such dam- age and repairs shall interfere with the normal use and occupancy of the Premises by Lessee. If such repairs cannot be made in a reasonable amount of time, or cannot be made under said laws or regulations, or are not covered by building owner's insurance policies, this Agreement may be terminated by either party. If any part of the Premises or the building in which the Premises are located, shall be taken or condemned for a public or quasi-public use, the this Agreement shall terminate as of the date title shall vest in the condemnor.
Destruction Condemnation. If there is any partial destruction to the Premises, or of the building in which the Premises are located, by fire, casualty, or other cause, Landlord shall promptly repair the same. Such partial destruction shall in no way void this agreement, except Tenant shall be entitled to a proportionate reduction of rent while such repairs shall interfere with the normal use and occupancy of the Premises by Tenant. If the Premises are damaged or destroyed by fire, casualty, or other cause to such an extent that enjoyment of the dwelling unit is substantially impaired, Landlord may terminate the rental agreement and Tenant may immediately vacate the premises and notify the Landlord within seven (7) days thereafter of his intention to terminate the rental agreement. Termination shall be as of the date of vacating. If any part of the Premises, or the building in which the Premises are located, shall be taken or condemned for a public or quasi-public use, then this Agreement shall terminate as of the date titled shall vest in the party initiating condemnation.
Destruction Condemnation. In the event of any material damage to or destruction of the Premises or any material portion thereof or in the event of any taking or threat of taking by condemnation (or any conveyance in lieu thereof of the Premises or any portion thereof by anyone having the power of eminent domain), Buyer shall, by written notice to Seller delivered within fifteen (15) days of receiving written notice from Seller of such event, elect to: (i) terminate this Agreement and all of Buyer's obligations under this Agreement, whereupon the Deposit, together with all interest earned thereon, shall be refunded in full to Buyer by the Title Company and this Agreement shall become null and void and neither party shall thereafter have any right, duty or obligation under this Agreement, or (ii) consummate the purchase of the Premises. If Buyer does not elect to terminate this Agreement, then Seller shall on the closing date pay to Buyer all condemnation awards and compensation then received by Seller, it being understood that the Premises consists of vacant, unimproved land for which no casualty insurance coverage is provided. In addition, Seller shall transfer and assign to Buyer, in form reasonably satisfactory to Buyer, all rights and claims of Seller with respect to payment for damages and compensation on account of such damage, destruction or taking. Seller will not settle any condemnation or eminent domain proceeding or any award or payment in respect of or in connection with the Premises without obtaining Buyer's prior written consent in each case, which consent shall not be unreasonably withheld or delayed.
Destruction Condemnation. In the event of damage to or destruction of the Premises from fire or other casualty loss or condemnation of all or any portion of the Premises, the terms of the Prime Lease shall govern and Landlord shall be entitled to all rights of the tenant thereunder. In the event that, under the provisions of Section 9 of the Lease, the Prime Landlord does not exercise its right to terminate the Prime Lease, Landlord may, acting under the provisions of Section 9, either terminate the Sublease by giving notice to Tenant within thirty (30) days after the damage, and rent shall xxxxx effective on the date of the casualty or condemnation, or Landlord may choose not to terminate the lease, and rent shall xxxxx pro rata to the extent and duration the Premises are rendered untenantable.
