Common use of Destruction of Leased Premises Clause in Contracts

Destruction of Leased Premises. In the event of the destruction of -------------------------------- the Premises or the Building contained thereon by fire, explosion, the elements or otherwise during the term of this Lease, or any renewal thereof, or such partial injury so as to render the Premises wholly or substantially untenantable or unfit for occupancy, this Lease shall temporarily be suspended and during such period as the Premises are untenantable or unfit for occupancy, Lessee shall not be obliged to pay any rent therefor. However, Lessee shall pay the rent up to the time of destruction or substantial injury and rent shall begin to run again ten (10) days after written notice that the Premises have been restored substantially to the condition they were in immediately prior to the injury or destruction. Provided, however, that Lessee may cancel this Lease if the Premises are not restored and ready for occupancy within ninety (90) days following the destructive event. In the event of the partial destruction of the Premises or damage thereto, if a portion of the Promises are rendered partially untenantable or unfit for occupancy, the rent for the period required for such repairs shall be reduced equitably in proportion to the reduction, if any, in useable interior space. In the event that the Premises be so badly damaged that the same cannot be restored by diligence on the part of Lessor within six (6) months from the date of happening of such damage, Lessor may terminate this Lease by giving to Lessor a written notice to that effect. Lessee shall notify Lessor as soon ash practicable in case of damage, by fire or otherwise, to the Premises.

Destruction of Leased Premises. In If the event Leased Premises are damaged or partially destroyed by fire or other casualty to the extent of less than 1/4 of the destruction then cost of -------------------------------- the Premises or the Building contained thereon by fire, explosionreplacement thereof above foundation, the elements or otherwise during Lessor shall repair such damage as quickly as is practicable and such repair shall be completed not more than 90 days after the term of this Lease, or any renewal thereof, or event. In such partial injury so as to render the Premises wholly or substantially untenantable or unfit for occupancycase, this Lease shall temporarily not be suspended and terminated, but the rent shall be abated proportionately for such portion of the Leased Premises as are not reasonably usable during such the period as in which repairs are being made. If the Leased Premises are untenantable so destroyed or unfit for occupancy, Lessee shall not be obliged to pay any rent therefor. However, Lessee shall pay the rent up damaged to the time extent of destruction 1/4 of more of the then replacement cost thereof, then Lessor may elect not to repair or substantial injury and rent shall begin to run again ten (10) rebuild by giving notice in writing terminating this Lease within 30 days after written notice that the event, in which case this Lease shall be terminated as of the date of such notice. If such damage or partial destruction renders 1/4 or more of the premises untenantable, all rent hereunder shall xxxxx until the Leased Premises have been restored substantially and rendered tenantable effective as of the date of such damage or partial destruction. If such damage or partial destruction renders the premises untenantable only in part, the rent shall xxxxx proportionately as to the condition they were in immediately prior to the injury or destruction. Provided, however, that Lessee may cancel this Lease if the Premises are not restored and ready for occupancy within ninety (90) days following the destructive event. In the event of the partial destruction of the Premises or damage thereto, if a portion of the Promises are premises rendered partially untenantable untenantable. If Lessor shall undertake to restore or unfit for occupancyrepair the Leased Premises, it shall initiate and pursue the rent for necessary work with all reasonable dispatch in a manner consistent with sound construction methods and in accordance with plans and specifications acceptable to Tenant. Notwithstanding the period required for such repairs foregoing, if damage or destruction renders more than 1/4 of the premises untenantable, Lessee may, in its sole discretion, declare this Lease terminated, in which case Lessee’s obligations shall be reduced equitably in proportion to the reduction, if any, in useable interior space. In the event that the Premises be so badly damaged that the same cannot be restored by diligence on the part of Lessor within six (6) months from the date of happening of such damage, Lessor may terminate this Lease by giving to Lessor a deemed terminated upon Lessee providing written notice to that effect. Lessee shall notify Lessor of termination of Lessor, as soon ash practicable provided in case of damage, by fire or otherwise, to the PremisesParagraph 27.

Destruction of Leased Premises. In the event of the destruction of -------------------------------- the Premises or the Building contained thereon by fire, explosion, the elements or otherwise during the term of this LeaseLeased Premises, or any renewal part thereof, shall be destroyed or damaged, and such partial injury so as to render the Premises wholly or substantially untenantable or unfit for occupancy, this Lease shall temporarily be suspended and during such period as the Premises are untenantable or unfit for occupancy, Lessee shall not be obliged to pay any rent therefor. However, Lessee shall pay the rent up to the time of destruction or substantial injury and rent shall begin to run again ten (10) days after written notice that the Premises have been restored substantially to the condition they were in immediately prior to the injury or destruction. Provided, however, that Lessee damage may cancel this Lease if the Premises are not restored and ready for occupancy reasonably be repaired within ninety (90) days following from the destructive event. In the event happening of such destruction or damage, Tenant shall not be entitled to surrender possession of the partial Leased Premises, or any part thereof, nor shall Tenant's liability to pay rent under this Lease cease; but in case of any such destruction or damage, Landlord shall repair the same with all reasonable speed and shall complete such repairs within INITIALS LANDLORD _____ TENANT _____ ninety (90) days from the happening of such destruction or damage, subject to delays beyond Landlords reasonable control. If Tenant shall thereby be deprived of the Premises or damage thereto, if a portion occupancy of any part of the Promises are rendered partially untenantable or unfit for occupancyLeased Premises, the rent for the period required for such repairs a proportionate allowance shall be reduced equitably in proportion made to Tenant from the Rent, corresponding to the reduction, if any, in useable interior spacetime during which and to the part of the Leased Premises of which Tenant shall be so deprived on account of such destruction or injury or of the making of such repairs. In the event that the Premises be so badly damaged that the same any destruction or damage cannot reasonably be restored by diligence on the part of Lessor repaired within six ninety (690) months days from the date of happening of such destruction or damage, Lessor may either Landlord or Tenant shall have the right to terminate this Lease by giving to Lessor a written notice to that effect. Lessee shall notify Lessor as soon ash practicable in case the other within thirty (30) days from the happening of such destruction or damage, by fire or otherwise, to the Premises.

Destruction of Leased Premises. In 6.1 If during the event Term of this Lease, the destruction of -------------------------------- the Leased Premises or the Building contained thereon are destroyed by fire, explosion, the elements or otherwise during the term of this Leaseelements, or any renewal thereofother casualty, or such partial injury if the Leased Premises are partially destroyed so as to render the Leased Premises wholly or substantially untenantable or unfit for occupancy, this Lease or should the Leased Premises be so badly injured that they cannot be repaired within one hundred eighty (180) days from the date they sustained such injury, then either party may elect by sending a written notice to the other to cancel and nullify the term hereby created from the date of such damage or destruction. Upon such notice, Tenant shall temporarily be suspended immediately surrender the Leased Premises and during all of the Tenant's interest therein to the Landlord, and shall pay rent only to the time of such period as surrender, upon which event the Landlord may re-enter and repossess the Premises are and may remove all persons and property therefrom. Should the Leased Premises be rendered untenantable or unfit for occupancy, Lessee but yet be repairable within one hundred eighty (180) days from the occurrence of such injury, the Landlord may enter and repair the same with reasonable speed, and the rent shall not be obliged to pay any rent therefor. However, Lessee shall pay the rent up to the time of destruction or substantial injury and rent shall begin to run again ten (10) days accrue after written notice that the Premises have been restored substantially to the condition they were in immediately prior to the said injury or destructionwhile the repairs are being made, but shall recommence after said repairs shall be completed. ProvidedIn the event, however, that Lessee may cancel this Lease if the Leased Premises are shall be so slightly injured as not restored and ready for occupancy within ninety (90) days following the destructive event. In the event of the partial destruction of the Premises or damage thereto, if a portion of the Promises are to be rendered partially untenantable or unfit for occupancy, then the Landlord agrees to repair the same with reasonable promptness and in that case the rent for accrued and accruing shall not cease or discontinue at any time. The Tenant shall immediately notify the period required for such repairs shall be reduced equitably in proportion to the reduction, if any, in useable interior space. In the event that the Premises be so badly damaged that the same cannot be restored by diligence on the part of Lessor within six (6) months from the date of happening of such damage, Lessor may terminate this Lease by giving to Lessor a written notice to that effect. Lessee shall notify Lessor as soon ash practicable Landlord in case of damage, by fire or otherwise, other casualty to the Leased Premises.