DESTRUCTION-FIRE OR OTHER CAUSE. If the Premises shall be rendered untenantable by fire or other casualty, then Landlord shall make the Premises tenantable as speedily as possible, and the rent shall be abated in whole or in part, according to the portion of the Premises which is rendered untenantable, during the period of untenantability, except that there shall be no such abatement if such fire or other casualty shall be caused by the negligence of Tenant or its agents, employees, invitee or licensees, and further, there shall be no abatement for the time required for the replacement or repair of any property of Tenant, in excess of the time required to make the Premises tenantable. In the event that the Premises cannot be made tenantable within ninety (90) days, then either Landlord or Tenant may terminate this Lease, effective as of the date of casualty, by notification to the other of such termination within ten (10) days after Landlord shall have notified Tenant of the time required to make them tenantable. Landlord shall, in its sole judgment, reasonably exercised, determine the length of time required to make the Premises tenantable, and shall notify Tenant of such determination within twenty (20) days after the occurrence of the fire or other casualty.
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Samples: Lease (Versus Technology Inc), Lease (Versus Technology Inc)
DESTRUCTION-FIRE OR OTHER CAUSE. If the Premises shall be rendered untenantable by fire or other casualty, then Landlord Host shall make the Premises tenantable as speedily as possible, and the rent shall be abated in whole or in part, according to the portion of the Premises which is rendered untenantable, during the period of untenantability, except that there shall be no such abatement if such fire or other casualty shall be caused by the gross negligence of Tenant Guest or its agents, employees, invitee invitees or licensees, and further, there shall be no abatement for the time required for the replacement or repair of any property of TenantGuest, in excess of the time required to make the Premises tenantable. In the event that the Premises cannot be made tenantable within ninety (90) days, then either Landlord Host or Tenant Guest may terminate this Lease, effective as of the date of casualty, Lease by notification to the other of such termination within ten (10) days after Landlord Host shall have notified Tenant Guest of the time required to make them tenantable. Landlord Host shall, in its sole judgment, reasonably exercised, determine the length of time required to make the Premises tenantable, and shall notify Tenant Guest of such determination within twenty ten (2010) days after the occurrence of the fire or other casualty. Notwithstanding the foregoing, in the event that the Premises shall be so damaged by fire or other casualty that demolition or substantial reconstruction is required, then Host or Guest may terminate this Lease by notifying the Guest or Host of such termination within thirty (30) days after the date of such damage.
Appears in 2 contracts
Samples: Lease Agreement (MSC Software Corp), Lease Agreement (Mechanical Dynamics Inc \Mi\)
DESTRUCTION-FIRE OR OTHER CAUSE. If the Premises shall be --------------------------------- rendered untenantable by fire or other casualty, then Landlord Lessor shall make the Premises tenantable as speedily as possible, and the rent shall be abated in whole or in part, according to the portion of the Premises which is rendered untenantable, during the period of untenantability, except that there shall be no such abatement if such fire or other casualty shall be caused by the negligence of Tenant or its agents, employees, invitee or licensees, and further, there shall be no abatement for the time required for the replacement or repair of any property of TenantLessee, in excess of the time required to make the Premises tenantable. In the event that the Premises cannot be made tenantable within ninety (90) daysdays after the occurrence of the fire or other casualty, then either Landlord Lessor or Tenant Lessee may terminate this Lease, effective as of the date of casualty, Lease by notification to the other of such termination within ten (10) days after Landlord (a) expiration of said 90- day period or (b) Lessor shall have notified Tenant Lessee of the time required to make them tenantable. Landlord Lessor shall, in its sole judgment, reasonably exercised, determine the length of time required to make the Premises tenantable, and shall notify Tenant Lessee of such determination within twenty ten (2010) days after the occurrence of the fire or other casualty.
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Samples: Lease (Prestolite Electric Inc)
DESTRUCTION-FIRE OR OTHER CAUSE. If the Premises shall be rendered untenantable by fire or other casualty, then Landlord Host shall make the Premises tenantable as speedily as possible, and the rent shall be abated in whole or in part, according to the portion of the Premises which is rendered untenantable, during the period of untenantability, except that there shall be no such abatement if such fire or other casualty shall be caused by the gross negligence of Tenant Guest or its agents, employees, invitee invitees or licensees, and further, there shall be no abatement for the time required for the replacement or repair of any property of TenantGuest, in excess of the time required to make the Premises tenantable. In the event that the Premises cannot be made tenantable within ninety (90) days, then either Landlord or Tenant Guest may terminate this Lease, effective as of the date of casualty, Lease by notification to the other Host of such termination within ten (10) days after Landlord Host shall have notified Tenant Guest of the time required to make them tenantable. Landlord Host shall, in its sole judgment, reasonably exercised, determine the length of time required to make the Premises tenantable, and shall notify Tenant Guest of such determination within twenty ten (2010) days after the occurrence of the fire or other casualty. Notwithstanding the foregoing, in the event that the Premises shall be so damaged by fire or other casualty that greater than 35% of the premises is rendered untenantable and the premises cannot be made tenantable within 180 days, then Host may terminate this Lease by notifying the Guest of such termination within thirty (30) days after the date of such damage.
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