Common use of Destruction - Fire or Other Casualty Clause in Contracts

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control and to the extent that the Premises are rendered actually untenantable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease upon written notice to Tenant and this Lease shall expire by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19.

Appears in 2 contracts

Samples: Office Lease (Technest Holdings Inc), Office Lease (Technest Holdings Inc)

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Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control 's control, and to the extent that the Premises are rendered actually untenantable, untenantable the rent shall proportionately abatexxxxx from the date of such casualty, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableTenant's servants, employees, agents or visitors. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s 's servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenant’s expense and to the extent of Landlord's insurance coverage, but there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s 's opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation prior to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19termination.

Appears in 2 contracts

Samples: One Constellation Centre (Corporate Office Properties Trust), Commencement Date Agreement (Dialysis Corp of America)

Destruction - Fire or Other Casualty. In case of partial damage to 9.1 If the Premises or the Building shall be damaged by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, ; (i) except as otherwise provided in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control and to the extent that the Premises are rendered actually untenantable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordsubsection (ii) hereof, the damage shall be repaired by and at the expense of Landlord at Tenant’s expense and there until such repairs shall be no apportionment or abatement of rent. In made the event the damage Basic Rent and Additional Rent shall be so extensive equitably abated according to the whole Building as to render it uneconomicalpart of the Premises which is usable by Tenant. Landlord agrees, in Landlord’s opinionat its expense, to restore repair promptly any damage to the Premises, except that Tenant agrees to repair or replace its own furniture, furnishings and equipment. No penalty shall accrue due to a delay caused by strike, lockout, act of God, inability to obtain labor or materials, governmental restrictions, enemy actions, civil commotion, fire, unawardable casualty or any other cause similar or dissimilar beyond the reasonable control of either Landlord or Tenant or due to the passing of time while waiting for an adjustment of insurance proceeds (hereinafter referred to as an "Excusable Delay"); (ii) If the use of Tenant, as specified in Article 5 hereofPremises are totally damaged or are rendered wholly untenantable by fire or other casualty, or if Landlord's architect certifies that it cannot be repaired within ninety (90) days of the casualty or if Landlord shall decide not to restore or repair the same, or rebuild shall decide to demolish the Building, or not to rebuild the Building or the Premises, then Landlord may elect to terminate this Lease upon written shall, within ninety (90) days after such fire or other casualty, give Tenant a notice to Tenant of such decision, and this Lease thereupon the Term shall expire by lapse of time upon the third day ten (10) days after such notice is mailedgiven, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability ; (iii) If Landlord fails to Landlord arising from such damage or from any breach complete the repair and restoration of the obligations imposed on Tenant hereunder or any other obligations which expressly survive Premises within one hundred twenty (120) days from the termination date of this Lease. In no event shall Landlord have any obligation the casualty (subject to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Excusable Delays) then Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party have the right to cancel and terminate this Lease upon the Lease by reason delivery of fire or other casualty are hereby waived a notice to Landlord delivered within fifteen (15) days after the expiration of the aforesaid one hundred twenty (120) days period; (iv) Landlord agrees that it shall diligently pursue all repair and superceded by this Section 19restoration work required on its part to be completed hereunder.

Appears in 2 contracts

Samples: Agreement (Radvision LTD), Agreement (Radvision LTD)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control control, and to the extent that the Premises (or any part of the Premises) are rendered actually untenantable, untenantable the rent shall proportionately abate, unless Tenant cannot materially conduct businessxxxxx from the date of such casualty (in the case that only a part of the Premises is so affected, in which case proportion to the area of such part of the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect area of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rententire Premises). In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Leaseprior to such termination. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property providedaddition, further, that in the event that (a) Landlord fails to notify Tenant of the estimated time to complete the restoration within thirty (30) days after the casualty, (b) Landlord estimates that its repairs or restores will take more than one hundred eighty (180) days for any areas of the Premises, or (c) Tenant is actually deprived of the use of all or any substantial portion of the Premises for a period in excess of one hundred eighty (180) days, Tenant shall promptly restore all of Tenant’s improvementshave the right, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right by written notice to Landlord to terminate the Lease by reason as of fire or other the date of the casualty, provided that Tenant gives its notice within forty-five (45) days after the date of the casualty are hereby waived and superceded by this Section 19.in the case of subparagraph (a) above, within forty-five

Appears in 1 contract

Samples: Agreement of Lease (Integral Systems Inc /Md/)

Destruction - Fire or Other Casualty. In case the event of partial or total damage or destruction insured against by Landlord to the Leased Premises by fire or fire, other casualty, insured against by Landlordor any other cause whatsoever (except condemnation), Tenant shall give immediate notice thereof to LandlordLandlord and: (a) this Lease shall continue in full force and effect, and (b) Landlord, to the extent that insurance proceeds respecting such damage or destruction are subject to being utilized for and, in fact, are under the control and use of Landlordmay be utilized by Landlord therefor, shall thereupon cause such damage or destruction to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control 's control, and to the extent that the Leased Premises are rendered actually untenantable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case xxxxx as of the Premises shall be deemed untenantable. Notwithstanding date of the fxxxxxing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rentcasualty. In the event the damage or destruction shall be so extensive to the whole Building as to render it uneconomical, uneconomical in the Landlord’s 's opinion, to restore the Leased Premises for the use of Tenant, Tenant as specified in Article 5 hereof, Section 4 hereof or Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the terms of this Lease shall expire by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Leased Premises and sad surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations or duties imposed on Tenant hereunder prior to such termination. If the casualty occurs during the last year of the Lease Term, Tenant, at its option, may terminate the Lease and be relieved of any further liability under the Lease, provided it gives notice of such election to Landlord within thirty (30) days after the date such casualty occurs. Each of the parties hereto agrees to exercise its best efforts to have every casualty insurance policy (which it carries as an insured with regard to the Leased Premises, or any part thereof, and with regard to any personal property which is or may be on or in the Leased Premises, or any part thereof) include a subrogation waiver clause, pursuant to which the insurance coverage involved shall not be invalidated by a waiver by either party hereto of any and all right of recovery against the other obligations party and with regard to any liability for any action or lack of action by such other party hereto, and by which the insurer expressly survive waives any and all rights of subrogation to any rights or claims of the termination insured against the other party hereto. So long as any such casualty insurance policy carried by a party hereto as the insured shall be available with such a subrogation clause, or one to like effect, at no greater premium charge than would be made for such policy without such clause, then, notwithstanding any other provision of this Lease, the party hereto carrying such insurance and the insured thereunder agrees to waive all right of recovery against the other for any loss, or with regard to any liability to the extent covered by such insurance. In the event such a subrogation clause is only available at such greater premium charge, then the party carrying such insurance shall have no event shall Landlord have any further obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged have such clause included in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19insurance.

Appears in 1 contract

Samples: Banks of the Chesapeake Inc

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, to the extent of insurance proceeds actually received by Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control control, and to the extent that the Premises are rendered actually untenantable, untenantable the rent shall proportionately abateaxxxx from the date of such casualty, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableTenant’s servants, employees, agents or invitees. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees agents or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenantto the extent of Landlord’s expense and insurance coverage, but there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Leaseprior to such termination. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property providedaddition, further, that in the event that (a) Landlord estimates that its repairs will take more than two hundred seventy (270) days for any areas of the Premises, or restores (b) Tenant is actually deprived of the use of all or any substantial portion of the Premises for a period in excess of two hundred seventy (270) days for any areas of the Premises, Tenant shall promptly restore all of Tenant’s improvementshave the right, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right by written notice to Landlord to terminate the Lease by reason as of fire the date of the casualty, provided that Tenant gives its within thirty (30) days after receipt of Landlord’s notice of the estimated time to complete the restoration or other casualty are hereby waived and superceded by this Section 19repair in the case of subparagraph (a) above, or within thirty (30) days after failing to meet the deadline set forth in subparagraph (b) above.

Appears in 1 contract

Samples: Agreement of Lease (Spectranetics Corp)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control Force Majeure Events (as defined in Section 48), and to the extent that the Premises are rendered actually untenantable, untenantable the rent shall proportionately abatexxxxx from the date of such casualty, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableTenant's servants, employees, agents or visitors. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s 's servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenant’s expense and to the extent of Landlord's insurance coverage, but there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s 's opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive prior to such termination. Notwithstanding anything herein to the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premisescontrary, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party have the right to terminate the this Lease by reason giving Landlord thirty (30) days' advance written notice if (i) Landlord advises Tenant that Landlord estimates that the Premises will be restored within a period in excess of fire one hundred twenty (120) days after the casualty, or other casualty are hereby waived and superceded by this (ii) Landlord in fact does not complete the restoration within one hundred twenty (120) days after the casualty, subject to extension for Force Majeure Events (as defined in Section 1948).

Appears in 1 contract

Samples: Agreement of Lease (Corporate Office Properties Trust)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control Xxxxxxxx's control, and to the extent that the Premises are is rendered actually untenantable, unten=able the rent shall proportionately abatexxxxx from the date of such casualty, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableXxxxxx's servants, employees, agents or visitors. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s 's servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenant’s expense and to the extent of Landlord's insurance coverage, but there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s 's reasonable opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then this Lease, at the option of Landlord may elect or Tenant, upon written notice to terminate this Lease the other party, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation prior to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19termination.

Appears in 1 contract

Samples: Agreement of Lease (Convera Corp)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control control, and to the extent that the Premises (or any part of the Premises) are rendered actually untenantable, untenantable the rent shall proportionately abate, unless Tenant cannot materially conduct businessxxxxx from the date of such casualty (in the case that only a part of the Premises is so affected, in which case proportion to the area of such part of the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect area of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rent. entire Premises) In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Leaseprior to such termination. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property providedaddition, further, that in the event that (a) Landlord fails to notify Tenant of the estimated time to complete the restoration within thirty (30) days after the casualty, (b) Landlord estimates that its repairs or restores will take more than one hundred eighty (180) days for any areas of the Premises, or (c) Tenant is actually deprived of the use of all or any substantial portion of the Premises for a period in excess of one hundred eighty (180) days, Tenant shall promptly restore all of Tenant’s improvementshave the right, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right by written notice to Landlord to terminate the Lease by reason as of fire the date of the casualty, provided that Tenant gives its notice within (45) days after the date of the casualty in the case of subparagraph (a) above, within thirty (30) days after receipt of Landlord’s notice of the estimated time to complete the restoration or other casualty are hereby waived and superceded by this Section 19repair in the case of subparagraph (b) above, or within thirty (30) days after failing to meet the deadline set forth in subparagraph (c) above.

Appears in 1 contract

Samples: Agreement of Lease (Integral Systems Inc /Md/)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with within a reasonable speed time at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control control, and to the extent that the Premises are rendered actually untenantable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rentxxxxx. In the event the damage shall be so extensive to the whole Building Premises as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article Section 5 hereof, or Landlord shall decide not to repair or rebuild the BuildingPremises, then this Lease, at the option of Landlord, shall be terminated upon written .notice to Tenant. In the event that the damage to the Premises shall exceed thirty percent (30%) of the floor area or in the event that Landlord may elect commences to repair and restore the Premises but fails to complete such repair and restoration within 210 days from the date of damage, then, in either event, Tenant may, at the option of Tenant, terminate this Lease upon written notice to Landlord. If this Lease is terminated by either Landlord or Tenant pursuant to this paragraph, the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19hereunder.

Appears in 1 contract

Samples: Lease (Southern Graphic Systems, Inc.)

Destruction - Fire or Other Casualty. In case Section 9.01. If the Demised Premises shall be damaged by fire or other casualty and if Tenant shall give prompt notice to Owner of partial such damage, Owner, at Owner's expense, shall repair such damage. However, Owner shall have no obligation to repair any damage to, or to replace, Tenant's Personal Property or any other property or effects of Tenant. Except as otherwise provided in Section 9.03, if the entire Demised Premises shall be rendered untenantable by reason of any such damage, the Fixed Rent shall abatx xxx the period from the date of such damage to the date when such damage shall have been repaired, and if only a part of the Demised Premises shall be so rendered untenantable, the Fixed Rent shall abatx xxx such period in the proportion which the area of the part of the Demised Premises so rendered untenantable bears to the total area of the Demised Premises. However, if, prior to the date when all of such damage shall have been repaired, any part of the Demised Premises so damaged shall be rendered tenantable and shall be used or occupied by Tenant or any person or persons claiming through or under Tenant, then the amount by which the Fixed Rent shall abatx xxxll be equitably apportioned for the period from the date of any such use or occupancy to the date when all such damage shall have 8 been repaired. Owner agrees that if it is reimbursed by its rent insurance policies covering the Building for a time following the date the Demised Premises, or any part thereof, shall once again become tenantable and prior to the date Tenant shall resume the conduct of its business in the Demised Premises or such part thereof, in which time period Tenant enters the Demised Premises to perform work therein to re-install or repair its business equipment and other personal property, any abatement with respect to such space shall extend beyond the date such space has become so tenantable by the number of days that such rent insurance policy provides Owner with reimbursement for Tenant to perform such work. Tenant hereby expressly waives the provisions of Section 227 of the New York Real Property Law, and of any successor law of like import then in force, and Tenant agrees that the provisions of this Article shall govern and control in lieu thereof. Notwithstanding the foregoing provisions of this Section, if, prior to or during the Demised Term, (i) the Demised Premises shall be totally damaged or rendered wholly untenantable by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control and to the extent that the Premises are rendered actually untenantable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or Landlord Owner shall decide not to repair or rebuild restore the Building, then Landlord may elect to terminate this Lease upon written notice to Tenant and this Lease shall expire by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Demised Premises, Tenant or (ii) the Building shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property be so damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived that, in Owner's opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Demised Premises shall have been damaged or rendered untenantable), then, in any of such events, Owner, at Owner's option, may give to Tenant, within ninety (90) days after such fire or other casualty, a five (5) days' notice of termination of this Lease and, in the event such notice is given, this Lease and superceded the Demised Term shall come to an end and expire (whether or not said term shall have commenced) upon the expiration of said five (5) days with the same effect as if the date of expiration of said five (5) days were the Expiration Date, the Fixed Rent shall be apportioned as of such date and any prepaid portion of Fixed Rent for any period after such date shall be refunded by this Section 19Owner to Tenant.

Appears in 1 contract

Samples: Lease (Nelson Communications Inc)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control Xxxxxxxx's control, and to the extent that the Premises are is rendered actually untenantable, unten=able the rent shall proportionately abatexxxxx from the date of such casualty, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableXxxxxx's servants, employees, agents or visitors. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s 's servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenant’s expense and to the extent of Landlord's insurance coverage, but there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s 's reasonable opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then this Lease, at the option of Landlord may elect or Tenant, upon written notice to terminate this Lease the other party, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Leaseprior to such termination. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19.

Appears in 1 contract

Samples: Agreement of Lease

Destruction - Fire or Other Casualty. In case Section 9.01. If the Demised Premises shall be damaged by fire or other casualty and if Tenant shall give prompt notice to Owner of partial such damage, Owner, at Owner's expense, shall repair such damage subject to Owner's options as hereinafter provided and further subject to the provisions of Section 9.05. However, Owner shall have no obligation to repair any damage to, or to replace, Tenant's Personal Property or any other property or effects of Tenant. Except as otherwise provided in Section 9.03, if the entire Demised Premises shall be rendered untenantable by reason of any such damage, the Fixed Rent shall abatx xxx the period from the date of such damage to the date when such damage shall have been repaired, and if only a part of the Demised Premises shall be so rendered untenantable, the Fixed Rent shall abatx xxx such period in the proportion which the area of the part of the Demised Premises so rendered untenantable bears to the total area of the Demised Premises. However, if, prior to the date when all of such damage shall have been repaired, any part of the Demised Premises so damaged shall be rendered tenantable and shall be used or occupied by Tenant or any person or persons claiming through or under Tenant, then the amount by which the Fixed Rent shall abatx xxxll be equitably apportioned for the period from the date of any such use or occupancy to the date when all such damage shall have been repaired. Tenant hereby expressly waives the provisions of Section 227 of the New York Real Property Law, and of any successor law of like import then in force, and Tenant agrees that the provisions of this Article shall govern and control in lieu thereof. Notwithstanding the foregoing provisions of this Section, if, prior to or during the Demised Term, (i) the Demised Premises shall be totally damaged or rendered wholly untenantable by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control and to the extent that the Premises are rendered actually untenantable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or Landlord Owner shall decide not to repair or rebuild restore the Building, then Landlord may elect to terminate this Lease upon written notice to Tenant and this Lease shall expire by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Demised Premises, Tenant or (ii) the Building shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property be so damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived that, in Owner's opinion, substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Demised Premises shall have been damaged or rendered untenantable), then, in any of such events, Owner, at Owner's option, may give to Tenant, within ninety (90) days after such fire or other casualty, a five (5) days' notice of termination of this Lease and, in the event such notice is given, this Lease and superceded the Demised Term shall come to an end and expire (whether or not said term shall have commenced) upon the expiration of said five (5) days with the same effect as if the date of expiration of said five (5) days were the Expiration Date, the Fixed Rent shall be apportioned as of such date and any prepaid portion of Fixed Rent for any period after such date shall be refunded promptly by this Section 19Owner to Tenant.

Appears in 1 contract

Samples: Agreement (Nelson Communications Inc)

Destruction - Fire or Other Casualty. In case the event of partial or total damage or destruction to the Leased Premises by fire or fire, other casualty, insured against by Landlordor any other cause whatsoever, then Tenant shall give immediate notice thereof to Landlord, Landlord and: (a) this Lease shall continue in full force and effect and (b) Landlord, to the extent that insurance proceeds respecting such damage or destruction are subject to being utilized for and, in fact, are under the control and use of Landlordmay be utilized by Landlord therefor, shall thereupon cause such damage or destruction to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control control, and to the extent that the Leased Premises are rendered actually untenantable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case xxxxx. Landlord shall commence restoration work within sixty (60) days after the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if date of such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenantcasualty, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or Tenant may terminate this Lease by giving notice to Landlord of such termination within five (5) days after the extent that insurance proceeds respecting expiration of such damage are not subject 60-day period. Landlord shall have no obligation to and, in fact, are not under rebuild the control Leased Premises if the reasonably estimated cost of repair and use reconstruction exceeds fifty percent (50%) of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and Full Insurable Value of the Leased Premises unless: (i) on the date of such destruction there shall be no apportionment four (4) or abatement more years remaining in the Lease Term or (ii) within thirty (30) days of rentthe date of such destruction, Tenant, at its option, shall enter into an agreement with Landlord to extend the Lease Term for a period of at least four (4) years from the date of such destruction. If Tenant so elects to extend the Lease Term, Landlord covenants to promptly execute and deliver to Tenant a written agreement evidencing such extension. In the event Tenant elects not to so extend this Lease, Landlord shall have the damage shall be so extensive right to either (i) waive the whole Building extension requirement and rebuild the Leased Premises as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereofset forth above, or Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to (ii) terminate this Lease upon written by giving notice of such election to Tenant and this Lease shall expire by lapse of time upon the third day after such notice is mailedTenant, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations in which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore be entitled to retain all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19insurance proceeds.

Appears in 1 contract

Samples: Lease Agreement (Osiris Therapeutics, Inc.)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such the damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, to the extent of insurance proceeds actually received by Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “resulting from labor troubles” stoppage or any other cause beyond Landlord’s control 's control, and to the extent that the Premises are is rendered actually untenantable, untenantable the rent shall proportionately abatexxxxx from the date of such casualty, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableTenant's servants, employees, agents or visitors. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s 's servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenant’s expense and to the extent of Landlord's insurance coverage, but there shall be no apportionment or abatement of rent. In the event the casualty occurs within the last two (2) years of the Term, including any Renewal Terms, Landlord and/or Tenant shall have the option, exercisable within thirty (30) days following such damage shall be so extensive to the whole Building as to render it uneconomicalor destruction, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate terminating this Lease effective upon giving written notice to the other party; provided, however that if Tenant exercises its option to extend the Term of this Lease for any remaining Renewal Terms, if any, Landlord's termination shall be null and void and this Lease shall expire by lapse of time upon the third day after such notice is mailed, continue in full force and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Leaseeffect. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property providedaddition, further, that in the event that (a) Landlord fails to notify Tenant of the estimated time to complete the restoration within thirty (30) days after the casualty, (b) Landlord estimates that its repairs or restores will take more than one hundred eighty (180) days for any areas of the Premises. or (c) Tenant is actually deprived of the use of all or any substantial portion of the Premises for a period in excess of one hundred eighty (180) days, Tenant shall promptly restore all of Tenant’s improvementshave the right, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right by written notice to Landlord to terminate the Lease by reason as of fire the date of the casualty, provided that Tenant gives its notice within (45) days after the date of the casualty in the case of subparagraph (a) above, within thirty (30) days after receipt of Landlord's notice of the estimated time to complete the restoration or other casualty are hereby waived and superceded by this Section 19repair in the case of subparagraph (b) above, or within thirty (30) days after failing to meet the deadline set forth in subparagraph (c) above. Upon termination, Rent shall be apportioned as of the date of the damage and, provided Tenant is not in default, all prepaid Rent shall be repaid to Tenant.

Appears in 1 contract

Samples: Agreement of Lease (Griffin Capital Essential Asset REIT II, Inc.)

Destruction - Fire or Other Casualty. In case 29. If the Demised Premises shall be damaged by fire or other casualty Landlord, at Landlord's expense, shall promptly repair such damage to substantially the same condition as existed prior to such casualty. However, Landlord shall have no obligation to repair any damage to, or to replace, Tenant's personal property or any other property or effect of partial Tenant except if such fire or casualty was caused by the willful misconduct of Landlord or its agents, contractors or employees. If the entire Demised Premises shall be rendered untenantable by reason of any such damage, the rent and Additional Rent shall axxxx for the period from the date of such damage to the date when such damage shall have been repaired, and if only a part of the Demised Premises shall be so rendered untenantable, the rent and Additional Rent shall axxxx for such period in the proportion which the area of the part of the Demised Premises so rendered untenantable bears to the total area of the Demised Premises. However, if, prior to the date when all of such damage shall have been repaired any part of the Demised Premises so damaged shall be rendered untenantable and shall be used or occupied by Tenant or any person or persons claiming through or under Tenant, the amount by which the rent and Additional Rent shall axxxx shall be equitably apportioned for the period from the date of any such use or occupancy to the date when all such damage shall have been repaired. Tenant hereby expressly waives the provisions of Section 227 of the New York Real Property Law and of any successor law of like import then in force and Tenant agrees that the provision of this Article shall govern and control in lieu thereof. Notwithstanding the foregoing provisions of this Section, if, prior to or during the Demised Term (i) the Demised Premises shall be totally damaged or rendered wholly untenantable by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control and to the extent that the Premises are rendered actually untenantable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or Landlord shall decide not to repair or rebuild restore the Building, then Landlord may elect to terminate this Lease upon written notice to Tenant and this Lease shall expire by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Demised Premises, Tenant or (ii) the Building shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property be so damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived that total alteration, demolition or reconstruction of the Building shall be required, (whether or not the Demised Premises shall be damaged or rendered untenantable), then, in any such events, Landlord, at Landlord's option, may give to Tenant within forty-five (45) days after such fire or other casualty, a thirty (30) days notice of termination of this Lease and, in the event such notice is given, this Lease and superceded the Demised Term shall come to an end and expire (whether or not said term shall have commenced) upon the expiration of said thirty (30) days with the same effect as if the date of expiration of said thirty (30) days were the Expiration Date, the rent and Additional Rent shall be apportioned and any prepaid portion of rent and Additional Rent for any period after such date shall be refunded by this Section 19Landlord to Tenant within thirty (30) days.

Appears in 1 contract

Samples: Agreement of Lease (Janel World Trade LTD)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s 's control and to the extent that the Premises are rendered actually untenantable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case whicx xase the Premises shall be deemed untenantable. Notwithstanding the fxxxxxingforegoing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s 's servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s 's expense and there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s 's opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease upon written notice to Tenant and this Lease shall expire by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s 's improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s 's improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19.

Appears in 1 contract

Samples: Commercial Office Lease (SavWatt USA, Inc.)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control 's control, and to the extent that the Premises are rendered actually untenantable, untenantable the rent shall proportionately abateabatx xxxm the date of such casualty, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableTenant's servants, employees, agents or visitors. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s 's servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenant’s expense and to the extent of Landlord's insurance coverage, but there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s 's opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation prior to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19termination.

Appears in 1 contract

Samples: American Communications Services Inc

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control 's control, and to the extent that the Premises are rendered actually untenantable, untenantable the rent shall proportionately abateabatx xxxm the date of such casualty, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableTenant's servants, employees, agents or visitors. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s 's servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenant’s expense and to the extent of Landlord's insurance coverage, but there shall be no apportionment or abatement of rent. Landlord shall provide Tenant written notice of the estimated time to complete the restoration or repair within thirty (30) days after the date of the casualty. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s 's opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant either party from any liability to Landlord the other party arising from such damage or from any breach of the obligations imposed on the other party hereunder, or from any obligations accrued hereunder prior to such termination. Notwithstanding any provision of the remainder of the Lease to the contrary, so long as Tenant hereunder is deprived of the use of, or access to, any other obligations or all of the Premises on account of any casualty (whether or not the casualty affects the Premises directly), all rent and additional rent shall be abated in proportion to the number of square feet of the Premises rendered substantially unfit for occupancy by such casualty in Tenant's reasonable judgment, unless, because of any such damage, the undamaged portion of the Premises is, in Tenant's judgment, materially unsuitable for use by Tenant, in which expressly survive event the termination rent and additional rent shall be abated entirely during such period of this Leasedeprivation. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property providedaddition, further, that in the event that (a) Landlord fails to notify Tenant of the estimated time to complete the restoration within thirty (30) days after the casualty, (b) Landlord estimates that its repairs or restores will take more than one hundred twenty (120) days for any areas of the Premises, including the parking area, other than the data center and ninety (90) days in the case of the data center, or (c) Tenant is actually deprived of the use of all or any substantial portion of the Premises for a period in excess of one hundred twenty (120) days for any areas of the Premises, including the parking area, other than the data center and ninety (90) days in the case of the data center, Tenant shall promptly restore all have the right, by written notice to Landlord to terminate the Lease as of Tenant’s improvementsthe date of the casualty, fixturesprovided that Tenant gives its notice within (45) days after the date of the casualty in the case of subparagraph (a) above, equipment and other property damaged within thirty (30) days after receipt of Landlord's notice of the estimated time to complete the restoration or repair in such casualtythe case of subparagraph (b) above, or within thirty (30) days after failing to meet the deadlines set forth in subparagraph (c) above. The provisions If the casualty occurs during the last twenty-four (24) months of any statute causing a Lease termination or otherwise granting a party the Term, notwithstanding anything herein to the contrary, Tenant shall have the right to terminate the this Lease by reason giving written notice to Landlord within thirty (30) days after the date of fire or other casualty are hereby waived and superceded by this Section 19the casualty, to be effective as of the date of the casualty.

Appears in 1 contract

Samples: Agreement of Lease (Ameritrade Holding Corp)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of LandlordLandlord to substantially the condition of the Premises prior to the damage, subject to customary requirements of any mortgage regarding placement of proceeds into trust, submitting requisitions, etc., due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control and to control. To the extent that the Premises are rendered actually untenantable, untenantable in whole or in part the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case xxxxx from the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if date of such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rentcasualty. In the event the damage shall be so extensive as to render the whole Building as to render it uneconomical, in Landlord’s opinion, to restore untenantable or not reasonably usable by Tenant for the use of Tenant, as specified in Article 5 hereof, or Landlord shall decide not to repair or rebuild the Buildingits business purposes, then Landlord may elect to terminate this Lease Lease, at the option of Tenant or Landlord, shall be terminated upon written notice and the rent shall, in such event, be paid to Tenant or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant either party from any liability such party to Landlord the other arising from such damage or from any breach of the obligations imposed on Tenant such party hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Leaseprior to such termination. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property providedaddition, further, that in the event that (a) Landlord fails to notify Tenant of the estimated time to complete the restoration within thirty (30) days after the casualty, (b) Landlord estimates that its repairs will take more than two hundred seventy (270) days for any areas of the Premises, or restores (c) Tenant is actually deprived of the use of all or any substantial portion of the Premises for a period in excess of two hundred seventy (270) days for any areas of the Premises, Tenant shall promptly restore all of Tenant’s improvementshave the right, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right by written notice to Landlord to terminate the Lease by reason as of fire the date of the casualty, provided that Tenant gives its notice within (45) days after the date of the casualty in the case of subparagraph (a) above, within thirty (30) days after receipt of Landlord’s notice of the estimated time to complete the restoration or other casualty are hereby waived and superceded by this Section 19repair in the case of subparagraph (b) above, or within thirty (30) days after failing to meet the deadline set forth in subparagraph (c) above. .

Appears in 1 contract

Samples: Agreement of Lease (Titan Corp)

Destruction - Fire or Other Casualty. In case the event of partial or total damage or destruction insured against by Landlord to the Leased Premises by fire or fire, other casualty, insured against by Landlordor any other cause whatsoever (except condemnation), Tenant shall give immediate notice thereof to LandlordLandlord and: (a) this Lease shall continue in full force and effect, and (b) Landlord, to the extent that insurance proceeds respecting such damage or destruction are subject to being utilized for and, in fact, are under the control and use of Landlordmay be utilized by Landlord therefor, shall thereupon cause such damage or destruction to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control control, and to the extent that the Leased Premises are rendered actually untenantableuntenantable and such casualty arises through no fault of Tenant or its invitees, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rentxxxxx. In the event the damage or destruction shall be so extensive to the whole Building as to render it uneconomical, uneconomical in the Landlord’s opinion, to restore the Leased Premises for the use of Tenant, Tenant as specified in Article 5 hereof, Section 4 hereof or Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the terms of this Lease shall expire by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Leased Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations or duties imposed on Tenant hereunder prior to such termination, provided that so long as such casualty arises through no fault of Tenant or any other obligations which expressly survive its invitees, the rent shall proportionately xxxxx through the date of such termination according to the preceding sentence of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 1917.

Appears in 1 contract

Samples: Lease Commencement Agreement (Safenet Inc)

Destruction - Fire or Other Casualty. In case Section 9.01.A. If the Demised Premises shall be damaged by fire or other insured casualty and if Tenant shall give prompt notice to Landlord of partial such damage, Landlord, at Landlord’s expense, to the extent required hereunder, and only to the extent of insurance proceeds received by Landlord for such damage, shall use reasonable efforts to repair such damage (without prejudice, however, to Landlord’s rights against Tenant under this Lease). However, Landlord shall have no obligation to repair any damage to, or to replace, Tenant’s Personal Property or any other equipment, property or effects of Tenant or any leasehold improvements, Tenant’s Work (as hereinafter defined) or Alterations made or performed by or on behalf of Tenant or any person claiming through or under Tenant, nor shall Landlord have any obligation to pay for any work required to comply with Disability Laws, it being understood that Tenant shall obtain the necessary insurance to cover any added costs needed to rebuild the Demised Premises in compliance with Disability Laws and that except as set forth above, Landlord’s repair obligations hereunder shall only be to the extent permitted by Legal Requirements. Except as otherwise provided in Section 9.03, in the event of such casualty, the Base Rent and additional rent shall axxxx, in the proportion which the area of the Demised Premises rendered untenantable or unusable bears to the total area of the Demised Premises, for the period from the date of such damage to the date when Landlord shall have substantially completed its repair obligation pursuant to this Section 9.01.A. However, if, prior to the date when Landlord shall have substantially completed its repair obligation pursuant to this Section 9.01.A., any part of the Demised Premises so damaged shall be rendered tenantable and is in fact re-occupied by Tenant then the amount by which the Base Rent and additional rent shall axxxx shall be equitably apportioned for the period from the date of any such use or occupancy to the date when all such damage shall have been repaired. Tenant hereby expressly waives the provisions of Section 227 of the New York Real Property Law, and of any successor law of like import then in force, and Tenant agrees that the provisions of this Article shall govern and control in lieu thereof. Notwithstanding the foregoing provisions of this Section, if, prior to or during the Demised Term, (i) the Demised Premises shall be totally damaged or rendered wholly untenantable by fire or other casualty, insured against and if restoration shall take in excess of 270 days as reasonably determined by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control and to the extent that the Premises are rendered actually untenantable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenantengineer, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to (ii) the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rent. In the event the damage Building shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease upon written notice to Tenant and this Lease shall expire damaged by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty that substantial alteration, demolition, or reconstruction of the Building shall be required (whether or not the Demised Premises shall have been damaged or rendered untenantable), then, in any of such events, Landlord, at Landlord’s option, may give to Tenant, within ninety (90) days after such fire or other casualty, a thirty (30) days’ notice of termination of this Lease and, in the event such notice is given, this Lease and the Demised Term shall come to an end and expire upon the expiration of said thirty (30) days with the same effect as if the date of expiration of said thirty (30) days were the Expiration Date and if this Lease is terminated pursuant to any provision of this Article, the Base Rent and additional rent shall be apportioned as of such date and any prepaid portion of Base Rent and additional rent for any period after such date shall be refunded by Landlord to Tenant. If the entire Demised Premises are hereby waived totally damaged or rendered wholly or substantially untenantable by fire or other casualty and superceded either (i) Landlord provides Tenant with written notice that restoration shall take in excess of 270 days as reasonably determined by Landlord’s engineer (“Completion Notice”) or (ii) if Landlord shall not substantially complete its repair of the Demised Premises within 270 days after such fire or other casualty for any reason other than a default by Tenant, or (iii) the Demised Premises are totally damaged or rendered wholly or substantially untenantable in the last year of the Demised Term, then in any of said events, Tenant may, at any time thereafter, until such repair is substantially completed, elect to cancel this Section 19Lease by giving Landlord thirty (30) days notice of cancellation, and in the event such notice is given by Tenant, this Lease and the Demised Term shall come to an end and expire (whether or not said term shall have commenced) upon the expiration of said thirty (30) days with the same effect as if the date of expiration of said thirty (30) days was the Expiration Date, provided Landlord has not completed such repairs within said thirty (30) day period. Landlord covenants that at all times during the Demised Term it will carry fire and extended coverage insurance for the Building in accordance with the requirements of the Superior Mortgagee. Landlord shall provide Tenant with a Completion Notice promptly after Landlord’s receipt of the applicable insurance proceeds and the estimated time for repair from Landlord’s engineer.

Appears in 1 contract

Samples: Lease (Majesco)

Destruction - Fire or Other Casualty. In case of partial damage to 13.01 If the Premises Building shall be partially damaged or destroyed or if the demised premises shall be partially or totally damaged or destroyed by fire fire, casualty or other casualtysuch cause, insured against by Landlordthen, Tenant whether or not the damage or destruction shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control and to the extent that the Premises are rendered actually untenantable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to have resulted from the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s its servants, employees, agents, contractorsvisitors or licensees (and if this Lease shall not have been canceled as in this Article hereinafter provided), licenseesLandlord will repair the damage, invitees and restore, replace, and rebuild the Building and the demised premises at its expense, with reasonable dispatch and continuity after notice to it of the damage or visitorsdestruction; provided, however, that Landlord shall not be required to repair or replace any property of Tenant or any installation or leasehold improvement made by or for Tenant at the expense of Tenant. If the demised premises shall be partially damaged or partially destroyed, the rent and additional rent payable hereunder shall be abated to the extent that insurance proceeds respecting the demised premises shall have been rendered untenantable or unfit for Tenant's use and Tenant does not occupy such damaged or destroyed part of the premises on other than an emergency basis for the period from the date of such damage are not subject or destruction to and, in fact, are not under the control and use of Landlord, date that the damage shall be repaired by Landlord at Tenant’s expense and there or restored. If the demised premises or a major part thereof shall be no apportionment totally, or abatement substantially totally, damaged or destroyed or rendered completely or substantially completely, untenantable on account of rent. In fire, casualty or other such cause, the event rent and additional rent shall completely xxxxx as of the date of the damage or destruction and until Landlord shall repair, restore, replace and rebuild the demised premises; provided, however, that should Tenant reoccupy a portion of the demised premises for the purpose of conducting business during the period the restoration work is taking place and prior to the date that the same is made completely tenantable, rent and additional rent shall be so extensive apportioned and payable by Tenant in proportion to the whole Building as to render it uneconomicalpart of the demised premises occupied by it. Nevertheless, in case of any substantial damage or destruction to the demised premises, Tenant, in addition to and without waiver of any other rights or remedies available to it, may cancel this Lease by written notice to Landlord’s opinion, to restore if (i) within 60 days from the date of the damage or destruction, Landlord does not file a proof of loss with its insurer; (ii) within 90 days of the date of damage or destruction Landlord does not let a contract or contracts which shall provide for the use complete restoration of Tenant, as specified in Article 5 hereof, the demised premises within a period of one year from the date of the damage or destruction; (iii) work under such contract or contracts has not commenced within 120 days of the date of said damage or destruction; or (iv) said work is not prosecuted with reasonable diligence to its completion; provided that Tenant shall not be entitled to cancel this Lease pursuant to this sentence more than thirty (30) days after Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease upon have given written notice to Tenant and that the state of facts specified in clause (i), (ii) or (iii) of this Lease shall expire by lapse of time upon sentence, as the third day after such notice is mailedcase may be, and Tenant shall thereupon vacate has occurred. The period for the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach completion of the obligations imposed on Tenant hereunder or any other obligations which expressly survive required repairs and restoration work shall be extended by the termination number of this Lease. In no event shall Landlord have any obligation days lost (not to repair or restore any of Tenant’s improvements or property providedexceed, furtherhowever, that one year) in the event Landlord repairs such loss results from strike, act of God, war, governmental action, national or restores state or municipal emergency, or any cause beyond the Premises, Tenant shall promptly restore all reasonable control of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19Landlord.

Appears in 1 contract

Samples: Agreement of Lease (Gantos Inc)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage damages are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by any reason of adjustment of loss under insurance policies on the part of the Landlord and/or and/or-Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond the Landlord’s control control, and to the extent that the lease Premises are rendered actually untenantable, the rent shall proportionately abatexxxxx, unless Tenant cannot materially conduct business, in which case provided the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to above mentioned occurred without the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitorsany other said persons, or to the extent that insurance proceeds respecting such damage are not subject to andto, and in fact, are not under the the-control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of for rent. In the event the damage shall be so extensive to the whole Building building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or Landlord shall decide not to repair or rebuild the Buildingbuilding, then Landlord may elect to terminate this Lease lease, at the option of the Landlord, shall be terminated upon written notice to Tenant and this Lease shall expire by the rent shall, in such event, be paid to or adjusted as of the lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19hereunder.

Appears in 1 contract

Samples: Commercial Lease Agreement (Solomon Technologies Inc)

Destruction - Fire or Other Casualty. In case of partial damage to the ------------------------------------- Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, to the extent of insurance proceeds actually received by Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control 's control, and to the extent that the Premises are rendered actually untenantable, untenantable the rent shall proportionately abateabate from the date of such caxxxxxy, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableTenant's servants, employees, agents or visitors. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s 's servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenant’s expense and to the extent of Landlord's insurance coverage, but there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s 's opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant either party from any liability to Landlord the other arising from such damage or from any breach of the obligations imposed on Tenant such party hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation prior to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19termination.

Appears in 1 contract

Samples: Agreement of Lease (Dialysis Corp of America)

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Destruction - Fire or Other Casualty. In case the event of partial or total damage or destruction insured against by Landlord to the Leased Premises by fire or fire, other casualty, insured against by Landlordor any other cause whatsoever (except condemnation), Tenant shall give immediate notice thereof to LandlordLandlord and: (a) this Lease shall continue in full force and effect, and (b) Landlord, to the extent that insurance proceeds respecting such damage or destruction are subject to being utilized for and, in fact, are under the control and use of Landlordmay be utilized by Landlord therefor, shall thereupon cause such damage or destruction to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control and to 's control. To the extent that the Leased Premises are rendered actually untenantableuntenable, in whole or in part, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantableabatx. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rent. In Xx the event the damage or destruction shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s 's reasonable opinion, to restore for the use of Tenant, as specified in Article 5 hereofBuilding, or Landlord shall decide within sixty (60) days after the date of such damage not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant within seventy-five (75) days after the date of such damage and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time upon the third day after such notice is mailed, and . Tenant shall thereupon vacate the Leased Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations or duties imposed on Tenant hereunder or any other obligations which expressly survive prior to such termination. Notwithstanding the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premisesforegoing, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party have the right to terminate this Lease (i) if it can reasonably be expected, as determined by Landlord, that the Lease by reason repair, restoration or reconstruction of fire or other casualty are hereby waived the Building cannot be completed within one hundred eighty days from the date of such damage, provided Tenant is not then in default and superceded by this Section 19Tenant gives Landlord written notice of such election within forty-five (45) days after the date of such damage, or, (ii) Landlord is unable to restore the Leased Premises within two hundred ten (210) days after the date of such damage.

Appears in 1 contract

Samples: Agreement (Novavax Inc)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” strikes, slowdowns or any other cause beyond Landlord’s control and to 's control. To the extent that the Premises are rendered actually untenantable, the rent shall proportionately abatexxxxx, unless Tenant cannot materially conduct businessprovided the partial damage occurred without any fault or neglect on the part of Tenant, in which case those employing or retaining the Premises shall be deemed untenantableservices of Tenant, Tenant's servants, employees, agents, licensees, invitees or visitors. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining any of the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitorsabovementioned persons, or to the extent that insurance proceeds respecting such damage are not subject to andto, in fact, or are not under the control and use of of, Landlord, the damage shall be repaired by Landlord at Tenant’s 's expense and there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s 's opinion, to restore the Premises for the use of Tenant, as Tenant specified in Article Paragraph 5 hereof, or Landlord shall decide not to repair or rebuild the BuildingPremises, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and Tenant, the rent shall, in such event, be paid to or adjusted as of the date of such damage, the terms of this Lease shall expire by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but . No such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19hereunder.

Appears in 1 contract

Samples: Lease Agreement (Digex Inc/De)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are and subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part party of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control 's control, and to the extent that the Leased Premises are rendered actually untenantable, the rent shall proportionately abatexxxxx, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantableuntenantable provided the damage above mentioned occurred without the fault or neglect of Tenant, those employing or retaining the services of Tenant, Tenant's servants, employees, agents, licensees, invitees or visitors. Notwithstanding the fxxxxxing, But if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services any of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitorsother said persons, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense 's expenses and there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building building as to render it uneconomical, in Landlord’s 's opinion, to restore for the use of Tenant, as specified in Article paragraph 5 hereof, or Landlord shall decide not to repair or rebuild the Buildingbuilding, then Landlord may elect to terminate this Lease upon written notice to Tenant and this Lease shall expire by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19hereunder.

Appears in 1 contract

Samples: Lease Agreement (Network Access Solutions Corp)

Destruction - Fire or Other Casualty. In the case of partial damage to the Leased Premises by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control control, and this Lease shall remain in full force and effect, except that to the extent that the Leased Premises are rendered actually untenantable, untenantable the rent shall proportionately abatexxxxx, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableTenant’s servants, employees, agents, or visitors. Notwithstanding the fxxxxxing, But if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees agents or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore it for the office building use of Tenant, as specified in Article 5 hereof, or and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Leased Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation prior to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19termination.

Appears in 1 contract

Samples: Office Building Lease (Bay National Corp)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control and to the extent that the Premises are rendered actually untenantable, the rent shall proportionately abatexxxxx, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxingforegoing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease upon written notice to Tenant and this Lease shall expire by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19.

Appears in 1 contract

Samples: Office Lease

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control and 's control, and, to the extent that the Premises are rendered actually untenantableuntenantable by such damage, the rent shall proportionately abatexxxxx, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rent. In the event (a) the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s 's opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease upon written notice to Tenant and this Lease shall expire by lapse of time upon the third day after such notice is mailed, or (b) damage shall be so extensive that the entire Premises shall be rendered actually untenantable and Landlord shall not have caused the Premises to be restored within 180 days following the occurrence of such damage (the "Restoration Period"), then, provided such damage was not caused by the gross negligence or intentional act or omission of Tenant or Tenant's servants, employees, agents, licensees, invitees or visitors, Tenant may elect to terminate this Lease by written notice to Landlord received by Landlord within the thirty (30) day period following the expiration of the Restoration Period, and this Lease shall expire by lapse of time upon the third day after such notice is timely received by Landlord. Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19hereunder.

Appears in 1 contract

Samples: Lease Agreement (Ncric Group Inc)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, to the extent of insurance proceeds actually received by Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control control, and to the extent that the Premises are is rendered actually untenantable, untenantable the rent shall proportionately abatexxxxx from the date of such casualty, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableTenant’s servants, employees, agents or visitors. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenantto the extent of Landlord’s expense and insurance coverage, but there shall be no apportionment or abatement of rent. In the event fifty percent (50%) or more of the damage floor area of the Building is rendered untenantable or the cost to repair the Building shall be so extensive amount to more than fifty percent (50%) of the whole Building as to render it uneconomicalcost of replacement thereof, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Leaseprior to such termination. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property providedaddition, further, that in the event that (a) Landlord fails to notify Tenant of the estimated time to complete the restoration within thirty (30) days after the casualty, (b) Landlord estimates that its repairs will take more than two hundred ten (210) days for any areas of the Premises or restores (c) Tenant is actually deprived of the Premisesuse of all or any substantial portion of the Premises for a period in excess of two hundred ten (210) days, Tenant shall promptly restore all have the right, by written notice to Landlord to terminate this Lease as of the date of the casualty, provided that Tenant gives its notice within (45) days after the date of the casualty in the case of subparagraph (a) above, within thirty (30) days after receipt of Landlord’s notice of the estimated time to complete the restoration or repair in the case of subparagraph (b) above, or within thirty (30) days after failing to meet the deadline set forth in subparagraph (c) above. If Tenant fails to exercise its termination rights strictly in accordance with the foregoing provision, this Lease shall remain in full force and effect. Additionally, if Landlord tenders exclusive possession of the entire Premises, with repairs complete, prior to the expiration of the 30-day notice period for subparagraph (c), then Tenant’s improvementstermination notice shall be abrogated, fixturesand this Lease shall remain in full force and effect. Notwithstanding the foregoing, equipment if the casualty occurs during the final eighteen (18) months of the Term, and other property damaged (a) Landlord estimates that its repairs will take more than one hundred twenty (120) days for any area of the Premises or (b) Tenant is actually deprived of the use of all or any substantial portion of the Premises for a period in such casualty. The provisions excess of any statute causing a Lease termination or otherwise granting a party one hundred twenty (120) days, Tenant shall have the right right, by written notice to Landlord to terminate this Lease as of the date of the casualty, provided that Tenant gives its notice within thirty (30) days after receipt of Landlord’s notice of the estimated time to complete the restoration or repair in the case of subparagraph (a) above, or within thirty (30) days after failing to meet the deadline set forth in subparagraph (b) above. If Tenant fails to exercise its termination rights strictly in accordance with the foregoing provision, this Lease by reason shall remain in full force and effect. Additionally, if Landlord tenders exclusive possession of fire or other casualty are hereby waived the entire Premises, with repairs complete, prior to the expiration of the 30-day notice period for subparagraph (b), then Tenant’s termination notice shall be abrogated, and superceded by this Section 19Lease shall remain in full force and effect.

Appears in 1 contract

Samples: Agreement of Lease (Tessco Technologies Inc)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, to the extent of insurance proceeds actually received by Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control control, and to the extent that the Premises are rendered actually untenantable, untenantable the rent shall proportionately abatexxxxx from the date of such casualty, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableTenant’s servants, employees, agents or invitees. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees agents or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenantto the extent of Landlord’s expense and insurance coverage, but there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Leaseprior to such termination. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property providedaddition, further, that in the event that (a) Landlord estimates that its repairs will take more than two hundred seventy (270) days for any areas of the Premises, or restores (b) Tenant is actually deprived of the use of all or any substantial portion of the Premises for a period in excess of two hundred seventy (270) days for any areas of the Premises, Tenant shall promptly restore all of Tenant’s improvementshave the right, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right by written notice to Landlord to terminate the Lease by reason as of fire the date of the casualty, provided that Tenant gives its within thirty (30) days after receipt of Landlord’s notice of the estimated time to complete the restoration or other casualty are hereby waived and superceded by this Section 19repair in the case of subparagraph (a) above, or within thirty (30) days after failing to meet the deadline set forth in subparagraph (b) above.

Appears in 1 contract

Samples: Agreement of Lease (Spectranetics Corp)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, to the extent of insurance proceeds actually received by Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control control, and to the extent that the Premises are rendered actually untenantable, untenantable the rent shall proportionately abatexxxxx from the date of such casualty, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableTenant’s servants, employees, agents or visitors. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenantto the extent of Landlord’s expense and insurance coverage, but there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon a date which is mutually acceptable to Landlord and Tenant, which date is no sooner than thirty (30) days after the third day after such date upon which Tenant receives written notice is mailedthereof from Landlord, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation prior to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19termination.

Appears in 1 contract

Samples: Deed of Lease (Infodata Systems Inc)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises premises by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause thereupon, within ten (10) days from date of fire or casualty, commence repairs of such damage to all property owned by Landlord damage, to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control Tenant and to the extent that the Premises leased premises are rendered actually untenantableunrentable, the rent shall proportionately abatexxxxx, unless Tenant cannot materially conduct businessprovided the damage occurred without the fault or negligence of Tenant, in which case those employing or retaining the Premises shall be deemed untenantableservices of Tenant, Tenant's employees, agent, licensees, or visitors. Notwithstanding the fxxxxxing, But if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitorsany other said persons, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and or use of Landlord, the damage shall be repaired by Landlord at Tenant’s 's expense and there shall be no apportionment or abatement of rent. If damage is to be repaired or correction to be made, rent will xxxxx pro-rate according to the extent of damage, if the premises remain habitable, but if the premises are not habitable during period of correction, rent will be suspended until the premises are again habitable. In the event the damage or casualty shall be so extensive to the whole Building building as to render it uneconomical, in Landlord’s 's opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or Landlord this lease shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease be terminated upon written notice to Tenant and this Lease shall expire by lapse the rent shall, in such event, be paid to or adjusted as of time upon the third day after date of such notice is mailed, and damage. Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate this lease in the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19event Tenant is unable to use leased premises for 30 days.

Appears in 1 contract

Samples: Lease Agreement (Monterey Capital Acquisition Corp)

Destruction - Fire or Other Casualty. (a) In case the event of partial or total damage or destruction to the Leased Premises by fire or fire, other casualty, insured against by Landlordor any other cause whatsoever (except condemnation), Tenant shall give immediate notice thereof to LandlordLandlord and: (a) this Lease shall continue in full force and effect, and (b) Landlord, to the extent that insurance proceeds respecting such damage or destruction are subject to being utilized for and, in fact, are under the control and use of Landlordmay be utilized by Landlord therefor, shall thereupon cause such damage or destruction to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control and to 's control. To the extent that the Leased Premises are rendered actually untenantableuntenable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlord, the damage shall be repaired by Landlord at Tenant’s expense and there shall be no apportionment or abatement of rentxxxxx. In the event the damage or destruction shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s 's opinion, to restore the Leased Premises for the use of Tenant, Tenant as specified in Article 5 hereof, herein or Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time upon the third day after such notice is mailed, and . Tenant shall thereupon vacate the Leased Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations or duties imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation prior to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19termination.

Appears in 1 contract

Samples: Lease Agreement (Vocus, Inc.)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord it to be repaired with reasonable speed at the expense of Landlord, to the extent of insurance proceeds actually received by Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control control, and to the extent that the Premises are rendered actually untenantable, untenantable the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case xxxxx from the Premises shall be deemed untenantabledate of such casualty. Notwithstanding the fxxxxxing, if If such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenantto the extent of Landlord’s expense and insurance coverage, but there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for the use of Tenant, as specified in Article 5 hereof, or its present uses and Landlord shall decide not to repair or rebuild the Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder, or from any obligations accrued hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation prior to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19termination.

Appears in 1 contract

Samples: Agreement of Lease (Osiris Therapeutics, Inc.)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, casualty insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, who shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlordlandlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control 's control, and to the extent that the Premises are rendered actually untenantable, untenantable the rent Rent shall proportionately abatexxxxx, unless Tenant cannot materially conduct businessprovided the damage above-mentioned occurred without the fault or neglect of Tenant, in which case the Premises shall be deemed untenantableTenant's servants, employees, agents, or visitors. Notwithstanding the fxxxxxing, But if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s 's servants, employees, agents, contractors, licensees, invitees agents or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordinvitees, the damage shall be repaired by Landlord at Tenant’s 's expense and there shall be no apportionment or abatement of rentRent. In the event the damage shall be so extensive to the whole Office Building as to render it uneconomical, in Landlord’s 's opinion, to restore for the Office Building use of Tenant, as specified in Article 5 hereof, or Landlord shall decide not to repair or rebuild the Office Building, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the Rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time and conditional limitation upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlordlandlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19hereunder.

Appears in 1 contract

Samples: Office Lease Agreement (Washington Homes Inc)

Destruction - Fire or Other Casualty. In case of partial damage to the Premises by fire or other casualty, insured against by Landlord, Tenant shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor troubles" or any other cause beyond Landlord’s control 's control, and to the extent that the Premises are rendered actually untenantable, the rent shall proportionately abatexxxxx, unless Tenant cannot materially conduct businessprovided the damage above mentioned occurred without the fault or neglect of Tenant, in which case those employing or retaining the Premises shall be deemed untenantableservices of Tenant, Tenant's servants, employees, agents, contractors, licensees, invitees or visitors. Notwithstanding the fxxxxxing, But if such partial damage is due to the fault or neglect of Tenant or those employing or retaining the services any of Tenant, or Tenant’s servants, employees, agents, contractors, licensees, invitees or visitors, or to the extent that insurance proceeds respecting such damage are not subject to and, in fact, are not under the control and use of Landlordother said persons, the damage shall may be repaired by Landlord at Tenant’s 's expense and there shall be no apportionment or abatement of rent. In the event the damage shall be so extensive to the whole Building Premises as to render it uneconomical, in Landlord’s 's opinion, to restore for the use of Tenant, as specified in Article Paragraph 5 hereof, or Landlord shall decide not to repair or rebuild the BuildingPremises, then Landlord may elect to terminate this Lease Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the rent shall, in such event, be paid to or adjusted as of the date of such damage, and the terms of this Lease shall expire by lapse of time upon the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but no such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder or any other obligations which expressly survive the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party the right to terminate the Lease by reason of fire or other casualty are hereby waived and superceded by this Section 19hereunder.

Appears in 1 contract

Samples: Lease Agreement (Iti Technologies Inc)

Destruction - Fire or Other Casualty. In case of partial damage to 13.1 If the Premises Building shall be partially damaged or destroyed or if the demised premises shall be partially or totally damaged or destroyed by fire fire, casualty or other casualtysuch cause, insured against by Landlordthen, Tenant whether or not the damage or destruction shall give immediate notice thereof to Landlord, and Landlord, to the extent that insurance proceeds respecting such damage are subject to and, in fact, are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired with reasonable speed at the expense of Landlord, due allowance being made for reasonable delay which may arise by reason of adjustment of loss under insurance policies on the part of Landlord and/or Tenant, and for reasonable delay on account of “labor troubles” or any other cause beyond Landlord’s control and to the extent that the Premises are rendered actually untenantable, the rent shall proportionately abate, unless Tenant cannot materially conduct business, in which case the Premises shall be deemed untenantable. Notwithstanding the fxxxxxing, if such partial damage is due to have resulted from the fault or neglect of Tenant or those employing or retaining the services of Tenant, or Tenant’s its servants, employees, agents, contractorsvisitors or licensees (and if this Lease shall not have been canceled as in this Article hereinafter provided), licenseesLandlord will repair the damage, invitees and restore, replace, and rebuild the Building and the demised premises, with reasonable dispatch and continuity after notice to it of the damage or visitorsdestruction; provided, however, that Landlord shall not be required to repair or replace any property of Tenant or any installation or leasehold improvement made by or for Tenant at the expense of Tenant. If the demised premises shall be partially damaged, destroyed, or inaccessible, the rent and additional rent payable hereunder shall be abated to the extent that insurance proceeds respecting the demised premises shall have been rendered untenantable or unfit for Tenant's use and Tenant does not occupy such damaged or destroyed part of the premises on other than an emergency basis for the period from the date of such damage are not subject or destruction to and, in fact, are not under the control and use of Landlord, date that the damage shall be repaired by Landlord at Tenant’s expense and there or restored. If the demised premises or a major part thereof shall be no apportionment totally, or abatement substantially totally, damaged or destroyed or rendered completely or substantially completely, untenantable on account of rent. In fire, casualty or other such cause, the event rent and additional rent shall completely xxxxx as of the date of the damage or destruction and until Landlord shall repair, restore, replace and rebuild the demised premises; provided, however, that should Tenant reoccupy a portion of the demised premises for the purpose of conducting business during the period the restoration work is taking place and prior to the date that the same is made completely tenantable, rent and additional rent shall be so extensive apportioned and payable by Tenant in proportion to the whole Building as to render it uneconomical, in Landlord’s opinion, to restore for part of the use of Tenant, as specified in Article 5 hereof, or demised premises occupied by it. Landlord shall decide not to repair or rebuild make the Building, then Landlord may elect to terminate repairs and restorations under the conditions of this Lease upon written notice to Tenant Article with reasonable dispatch and this Lease diligence and shall expire by lapse of time upon complete such restorations within six (6) months (the third day after such notice is mailed, and Tenant shall thereupon vacate the Premises and surrender the same to Landlord, but such termination shall not release Tenant from any liability to Landlord arising from such damage or from any breach "Restoration Period") of the obligations imposed on Tenant hereunder or any other obligations which expressly survive date of the termination of this Lease. In no event shall Landlord have any obligation to repair or restore any of Tenant’s improvements or property provided, further, that in the event Landlord repairs or restores the Premises, Tenant shall promptly restore all of Tenant’s improvements, fixtures, equipment and other property damaged in such casualty. The provisions of any statute causing a Lease termination or otherwise granting a party If Landlord fails to complete such restorations within the Restoration Period, Tenants shall have the right to terminate this lease, by written notice, which right must be exercised within thirty (30) days after the Lease by reason end of fire or other casualty are hereby waived and superceded by this Section 19the Restoration Period. In that event, Tenant shall be obligated to vacate the demised premises within thirty (30) days thereafter.

Appears in 1 contract

Samples: Agreement of Lease (Vision Sciences Inc /De/)

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