Common use of DESTRUCTION OF PREMISES DUE TO RISK COVERED BY INSURANCE Clause in Contracts

DESTRUCTION OF PREMISES DUE TO RISK COVERED BY INSURANCE. If during the term of this Agreement, the Premises is totally or partially destroyed from a risk covered by insurance in effect at the time, and there are sufficient insurance proceeds to pay in full for the cost of restoration, Lessor shall restore the Premises to substantially the same condition as they were immediately prior to destruction, provided that Lessor's obligation shall be limited to the Premises and shall not include either the Telephone Equipment and/or the Television Equipment. Lessee, at its cost, shall be required to restore the Telephone Equipment and/or Television Equipment. Any destruction of the Premises shall not terminate this Agreement. If the existing laws do not permit the Premises to be restored to Substantially the same condition as they were in immediately before the destruction, or if in the opinion of Lessor's architect he states the restoration cannot be completed within one hundred eighty (180) days from the date of damage or destruction, Lessor and/or Lessee may terminate this Agreement by giving written notice thereof.

DESTRUCTION OF PREMISES DUE TO RISK COVERED BY INSURANCE. If during the term of this Agreement, the Premises is totally or partially destroyed from a risk covered by insurance in effect at the time, and there are sufficient insurance proceeds to pay in full for the cost of restoration, Lessor shall restore the Premises to substantially the same condition as they were immediately prior to destruction, provided that Lessor's obligation shall be limited to the Premises and shall not include either the Telephone Equipment and/or the Television Equipment. Lessee, at its cost, shall be required to restore the Telephone Equipment and/or Television Equipment. Any destruction of the Premises shall not terminate this Agreement. If the existing laws do not permit the Premises to be restored to Substantially substantially the same condition as they were in immediately before the destruction, or if in the opinion of Lessor's architect he states the restoration cannot be completed within one hundred eighty (180) days from the date of damage or destruction, Lessor and/or Lessee may terminate this Agreement by giving written notice thereof.

DESTRUCTION OF PREMISES DUE TO RISK COVERED BY INSURANCE. If during the term of this Agreement, Agreement the Premises is are totally or partially destroyed from a risk covered by insurance in effect at the time, and there are sufficient insurance proceeds to pay in full for the cost of restoration, Lessor shall restore the Premises to substantially the same condition as they were that which existed immediately prior to destruction, provided that Lessor's obligation shall be limited to the Premises and shall not include either the Television Equipment or the Telephone Equipment and/or the Television Equipment. Lessee, at its cost, shall be required to restore the Telephone Equipment and/or and the Television Equipment. Any such destruction of the Premises shall not terminate this Agreement. If the existing laws do not permit the Premises to be restored to Substantially substantially the same condition as they were in that which existed immediately before the destruction, or if in the opinion of Lessor's architect he states the restoration cannot be completed within one hundred eighty (180) days from the date of damage or destruction, Lessor and/or Lessee may terminate this Agreement by giving written notice thereofthereof to Lessee.