Common use of Destruction of Leased Premises Clause in Contracts

Destruction of Leased Premises. Should the Leased Premises be destroyed or damaged, the Lessor shall state its intention to the Lessee by way of written notice transmitted to the Lessee within thirty ( 30 ) days of the loss, to the effect that the Leased Premises are: 8.1.1 wholly uninhabitable or that their use is dangerous and cannot be reasonably repaired within one hundred and eighty ( 180 ) days following the loss, in which case either party may resiliate the Lease with retroactive effect to the date of the loss; if such notice is not given within five ( 5 ) days following the notice provided for in Article 11.1, the Rent shall xxxxx from the date of the loss until the Leased Premises are repaired and are ready to be occupied by the Lessee. 8.1.2 wholly uninhabitable or that their use is dangerous but are reasonably reparable within one hundred and eighty ( 180 ) days following the loss, as the case may be, the payment of Rent shall xxxxx from the date of the loss until such time that the Leased Premises are repaired and are ready to be occupied by the Lessee; 8.1.3 reasonably reparable within one hundred and eighty ( 180 ) days following the loss and are partly usable in the interim; as the case may be, payment of Rent shall xxxxx, with respect to the unusable area, from the date of the loss until such time that the damages have been substantially repaired.

Appears in 4 contracts

Samples: Lease Agreement (Sword Comp Soft Corp), Lease Agreement (Millenia Hope Inc), Lease Agreement (Sword Comp Soft Corp)

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Destruction of Leased Premises. Should the Leased Premises be destroyed or damaged, the Lessor shall state its intention to the Lessee by way of written notice transmitted to the Lessee within thirty ( 30 (30) days of the loss, to the effect that the Leased Premises are: 8.1.1 11.1.1 wholly uninhabitable or that their use is dangerous and cannot be reasonably repaired within one hundred and eighty ( 180 (180) days following the loss, in which case either party may resiliate the Lease with retroactive effect to the date of the loss; if such notice is not given within five ( 5 (5) days following the notice provided for in Article 11.1, the Rent shall xxxxx from the date of the loss until the Leased Premises are repaired and are ready to be occupied by the Lessee. 8.1.2 11.1.2 wholly uninhabitable or that their use is dangerous but are reasonably reparable within one hundred and eighty ( 180 (180) days following the loss, as the case may be, the payment of Rent shall xxxxx from the date of the loss until such time that the Leased Premises are repaired and are ready to be occupied by the Lessee; 8.1.3 11.1.3 reasonably reparable within one hundred and eighty ( 180 (180) days following the loss and are partly usable in the interim; as the case may be, payment of Rent shall xxxxx, with respect to the unusable area, from the date of the loss until such time that the damages have been substantially repaired.

Appears in 1 contract

Samples: Lease Agreement (Isee3d Inc /Fi)

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Destruction of Leased Premises. Should the Leased Premises be destroyed or damaged, the Lessor shall state its intention to the Lessee by way of written notice transmitted to the Lessee within thirty ( 30 ) days of the loss, to the effect that the Leased Premises are: 8.1.1 11.1.1 wholly uninhabitable or that their use is dangerous and cannot be reasonably repaired within one hundred and eighty ( 180 ) days following the loss, in which case either party may resiliate the Lease with retroactive effect to the date of the loss; if such notice is not given within five ( 5 ) days following the notice provided for in Article 11.1, the Rent shall xxxxx from the date of the loss until the Leased Premises are repaired and are ready to be occupied by the Lessee. 8.1.2 11.1.2 wholly uninhabitable or that their use is dangerous but are reasonably reparable within one hundred and eighty ( 180 ) days following the loss, as the case may be, the payment of Rent shall xxxxx from the date of the loss until such time that the Leased Premises are repaired and are ready to be occupied by the Lessee; 8.1.3 11.1.3 reasonably reparable within one hundred and eighty ( 180 ) days following the loss and are partly usable in the interim; as the case may be, payment of Rent shall xxxxx, with respect to the unusable area, from the date of the loss until such time that the damages have been substantially repaired.

Appears in 1 contract

Samples: Lease Agreement (Gsi Technologies Usa Inc /De)

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