Common use of DESTRUCTION OF PREMISES Clause in Contracts

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 23 contracts

Samples: Commercial Lease (Quality Products Inc), Commercial Lease (Intelligent Motor Cars Group Inc), Commercial Lease (Sterling Mining CO)

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DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs costs, thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 4 contracts

Samples: Commercial Lease (Fulgent Genetics, Inc.), Commercial Lease (Fulgent Genetics, Inc.), Commercial Lease (Fulgent Genetics, Inc.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Premises during the term hereofTerm, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this leaseLease, except that the Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premisesPremises. If such repairs cannot be made within said sixty (60) days, Lessor, at his its option, may make the same within a reasonable time, this lease Lease continuing in effect with the rent proportionately abated as aforesaid; provided, and however, that if such repairs cannot be made within sixty (60) days, Lessee may, in its sole discretion, elect to terminate this Lease. In the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease Lease may be terminated at the option of either party. In the event that the building in which the demised premises Premises may be situated is destroyed to an extent of not less than one-third of the replacement costs cost thereof, Lessor may elect to terminate this lease Lease whether the demised premises Premises be injured or not. A total Total destruction of the building in which the premises Premises may be situated shall terminate this leaseLease.

Appears in 3 contracts

Samples: Commercial Lease (Integrated Environmental Technologies, Ltd.), Commercial Lease (Integrated Environmental Technologies, Ltd.), Commercial Lease (Integrated Environmental Technologies, Ltd.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the said premises during the term hereofsaid term, from any cause, Lessor shall forthwith repair the same, provided that such repairs repair can be made within sixty ninety (6090) days under existing governmental the laws and regulationsregulations of state, federal, county or municipal authorities, but such partial destruction shall not terminate in no way annul or void this lease, except that Lessee shall be entitled to a proportionate reduction deduction of rent while such repairs are being made, made unless the Lessee was the cause of the destruction. Such proportionate deduction of rent to be based upon the extent to which the making of such repairs shall interfere with the business of carried on by Lessee on in the said premises, but in no event shall it be more than the monthly rental. If such repairs cannot be made within said sixty in ninety (6090) days, LessorLessor may, at his option, may make the same within a reasonable time, this lease continuing in full force and effect with and the rent to be proportionately abated rebated as aforesaid, and aforesaid in this paragraph. In the event that Lessor shall does not so elect to make such repairs which cannot be made within sixty (60) daysunder such laws and regulations, this lease may be terminated at the option of either party. In the event that the building is destroyed in which the demised premises may be situated is destroyed to an the extent of not less than one-third 33 1/3 percent of the replacement costs thereof, Lessor may elect to terminate this lease lease, whether the demised premises be injured or not. A total destruction of the building in which the said premises may be situated shall terminate this lease.

Appears in 3 contracts

Samples: Lease Agreement (Naco Industries Inc), Commercial Property Lease Agreement (Naco Industries Inc), Commercial Property Lease Agreement (Naco Industries Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, same provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building Building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor Lessee may elect to terminate this lease whether the demised premises be injured or notlease. A total destruction of the building Building in which the premises may be situated shall terminate result in an automatic termination of this lease. In the event of any dispute between Lessor and Lessee with respect to the provisions hereof, the matter shall be settled by arbitration in such a manner as the parties may agree upon, or if they cannot agree, in accordance with the rules of the American Arbitration Association.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Magnegas Corp), Stock Purchase Agreement (Magnegas Corp)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty thirty (6030) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty thirty (6030) days, LessorLessee may, at his option, may make the same within a reasonable time, terminate this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either partylease. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 2 contracts

Samples: Commercial Lease (Home Interiors & Gifts Inc), Commercial Lease (Home Interiors & Gifts Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from form any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, made based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his optionopinion, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 2 contracts

Samples: Office Space Lease Agreement (Voxcorp Inc), Office Space Lease Agreement (Millennium Multi Media Com Corp)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Premises during the term hereofof this Agreement, from any cause, the Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws rules and regulations, but such partial destruction shall not terminate this leaseLease, except that the Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of the Lessee on the premisesPremises. If such repairs cannot be made within said sixty (60) days, the Lessor, at his option, may make the same within a reasonable time, this lease Lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that the Lessor shall not elect to make such repairs which that cannot be made within sixty (60) days, this lease Lease may be terminated at the option of either party. In the event that the building in which the demised premises Premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, the Lessor may elect to terminate this lease Lease whether the demised premises Premises be injured or not. A total destruction of the building in which the premises Premises may be situated shall terminate this leaseLease.

Appears in 2 contracts

Samples: Commercial Lease, Commercial Sublease Agreement

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 2 contracts

Samples: Commercial Lease (Sportan United Industries Inc), Commercial Lease (All-Comm Media Corp)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulationsregulation, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaidfore said, and in the event that the Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which with the premises may be situated shall terminate this lease.

Appears in 2 contracts

Samples: Commercial Lease (Microwave Transmission Systems Inc), Commercial Lease (Microwave Transmission Systems Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 2 contracts

Samples: Commercial Lease, Commercial Lease (Blue Earth Solutions, Inc.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Premises during the term hereofof this Agreement, from any cause, the Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws rules and regulations, but such partial destruction shall not terminate this lease, except that the Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of the Lessee on the premisesPremises. If such repairs cannot be made within said sixty (60) days, the Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that the Lessor shall not elect to make such repairs which that cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises Premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereofcosts, the Lessor may elect to terminate this lease whether the demised premises Premises be injured or not. A total destruction of the building in which the premises Premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Manchester Equipment Co Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) daysday, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Entech Environmental Technologies Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, hereof from any cause, Lessor Landlord shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee Tenant shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee Tenant on the premises. If such repairs cannot be made within said sixty (60) days, LessorLandlord, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor Landlord shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised leased premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor Landlord may elect to terminate this lease whether the demised leased premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A a total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Mohawk Industries Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereofthereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, regulations but such partial destruction shall not terminate this lease, except that Lessee lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Lease Agreement (Bouncebacktechnologies Com Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises PREMISES during the term hereof, from any cause, Lessor OWNER shall forthwith repair the same, provided that such repairs can be made within sixty ninety (6090) days under existing governmental laws and regulations, but such partial destruction shall not terminate this leaseagreement, except that Lessee USER shall be entitled to a proportionate reduction of rent Fee while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee USER on the premisesPREMISES. If such the repairs cannot be made within said sixty ninety (6090) days, LessorOWNER, at his their option, may make the same within a reasonable time, with this lease agreement continuing in effect with the rent Fee proportionately abated as aforesaid, and in the event that Lessor USER shall not elect to make such repairs which that cannot be made within sixty ninety (6090) days, this lease agreement may be terminated at the option of either party. In the event that the building in which the demised premises PREMISES may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor USER may elect to terminate this lease agreement whether the demised premises PREMISES be injured or not. A total destruction of the building in which the premises PREMISES may be situated situation shall terminate this leaseagreement. In the event of any dispute between USER and OWNER with respect to the provisions hereof, the matter may be settled by arbitration in such a manner as the parties may agree upon, or if they cannot agree, in accordance with the rules of the American Arbitration Association.

Appears in 1 contract

Samples: Commercial Office Share and License Agreement

DESTRUCTION OF PREMISES. In A. It is mutually agreed between the event parties thereto that if the said premises shall without fault or neglect on Lessee's part be destroyed or so injured by the elements or other cause as to be unfit for occupancy and such destruction or injury could be reasonably repaired within thirty (30) days from the happening of a partial such destruction or injury, then the Lessee shall not be entitled to surrender possession of said premises nor shall Lessee's liability to pay rent under this lease cease, without the mutual consent of the premises during parties; but in case of any such destruction or injury the term hereof, from any cause, Lessor shall forthwith repair the same, provided that same with all reasonable speed and shall complete such repairs can within thirty (30) days from the happening of such injury; and if during such repairs the Lessee shall thereby be deprived of the occupancy of any portion of said premises, a proportionate allowance shall be made within sixty (60) days under existing governmental laws to Lessee from the rent, corresponding to the time during which and regulations, but such partial destruction shall not terminate this lease, except that to the premises of which Lessee shall be entitled to a proportionate reduction so deprived on account of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If said repairs. B. However, if such repairs cannot be made completed within said sixty thirty (6030) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor or Lessee may elect to terminate this lease whether Lease and Lessee shall not be liable for rent for the demised leased premises be injured or not. A total destruction from and after the time of the building in which the premises may be situated shall terminate this leasesurrender of said premises.

Appears in 1 contract

Samples: Lease (Cropking Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any causestorm, earthquake, or natural disaster (“act of God”), Lessor shall forthwith repair the same, provided that such repairs can be made within sixty one hundred and twenty (60120) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty one hundred and twenty (60120) days, Lessor, at his Lessor(s) option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, aforesaid and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty one hundred and twenty (60120) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Lease Agreement (Lendway, Inc.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Tower Financial Corp)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Premises during the term hereofof this Agreement, from any cause, Lessor the Sublessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws rules and regulations, but such partial destruction shall not terminate this lease, except that Lessee the Sublessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee the Sublessee on the premisesPremises. If such repairs cannot be made within said sixty (60) days, Lessorthe Sublessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor the Sublessor shall not elect to make such repairs which that cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises Premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereofcosts, Lessor the Sublessor may elect to terminate this lease whether the demised premises Premises be injured or not. A total destruction of the building in which the premises Premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Sublease Agreement (Cintel Corp)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-one third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease. In the event of any dispute between Lxxxxx and Lxxxxx with respect to the provisions hereof, the matter shall be settled by arbitration in such a manner as the parties may agree upon, or if they cannot agree, in accordance with the rules of the American Arbitration Association.

Appears in 1 contract

Samples: Commercial Lease Agreement (Sanwire Corp)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Premises during the term hereofof this Lease, from any cause, the Lessor shall will forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws rules and regulations, but such partial destruction shall will not terminate this leaseLease, except that the Lessee shall will be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall will interfere with the business of the Lessee on the premisesPremises. If such repairs cannot be made within said sixty (60) days, the Lessor, at his option, may make the same within said sixty days, the Lessor, at his option, may make the same within a reasonable time, this lease Lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that the Lessor shall will not elect to make such repairs which that cannot be made within sixty (60) days, this lease Lease may be terminated at the option of either party. In the event that the building in which the demised premises Premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereofcosts, the Lessor may elect to terminate this lease Lease whether the demised premises Premises be injured insured or not. A total destruction of the building in which the premises Premises may be situated shall will terminate this leaseLease.

Appears in 1 contract

Samples: Commercial Lease (Mothernature Com Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within with in said sixty (60) days, Lessor, at his option, may any make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be maybe terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Nfox Com)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor Landlord shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee Tenant shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee Tenant on the premises. If such repairs cannot be made within said sixty (60) days, LessorLandlord, at his Landlord(s) option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, aforesaid and in the event that Lessor Landlord shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor Landlord may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Office Lease Agreement (Medstrong International Corp)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, . Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, . except that Lessee shall be entitled to a proportionate reduction of or rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, . Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, . Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Rockford Corp)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on in the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing containing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Video Without Boundaries Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (American Consumers Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this leaseLease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business Lessee occupancy of Lessee on the premisesPremises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease Lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs repairs, which cannot be made within sixty (60) days, this lease Lease may be terminated at the option of either party. In the event that the building in which the demised premises Premises may be situated is destroyed to an extent of not less than one-one third of the replacement costs thereof, Lessor may elect to terminate this lease Lease whether the demised premises Premises be injured or not. A total destruction of the building in which the premises Premises may be situated shall terminate this leaseLease.

Appears in 1 contract

Samples: Lease Agreement (Organic Plant Health Inc.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this leaseLease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at in his optionopinion, may make the same within a reasonable time, this lease Lease continuing in effect with the rent proportionately abated as aforesaid; and, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease Lease may be terminated at the option of either party. In the event that the building in which the demised Demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease Lease whether the demised premises Demised Premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Tootie Pie Company, Inc.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease. 21.

Appears in 1 contract

Samples: Commercial Lease (National Beauty Corp)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, . Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs costs, thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Fulgent Diagnostics, Inc.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, . Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Entech Environmental Technologies Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial Partial destruction shall not terminate this lease, except that Lessee shall shall, be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Worldwide Wireless Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith forth with repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, Lessor at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to in an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Renovo Holdings)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, . Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Rockford Corp)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within with in a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease. In the event of any dispute between Xxxxxx and Xxxxxx with respect to the provisions hereof, the matter shall be settled by arbitration in such manner as the parties may agree upon, or if they cannot agree, in accordance with the rules of the American Arbitration Association.

Appears in 1 contract

Samples: Lease Agreement (Liquid Audio Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease. In the event of any dispute between Lessor and Lessee with respect to the provisions hereof, the matter shall e settled by arbitration in such a manner as the parties may agree upon, or if they cannot agree, in accordance with the rules of the American Arbitration Association.

Appears in 1 contract

Samples: Commercial Lease (Amazon Natural Treasures Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, hereof from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, option may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaida foresaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, thereof Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Lease Agreement (Casino Resource Corp)

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DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this leaseLease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his Lessor’s option, may make the same within a reasonable time, this lease Lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease Lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, . Lessor may elect to terminate this lease Lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this leaseLease.

Appears in 1 contract

Samples: Lease Agreement (Lectec Corp /Mn/)

DESTRUCTION OF PREMISES. In A. It is mutually agreed between the event parties hereto that if the said premises shall without fault or neglect on Lessee's part be destroyed or so injured by the elements or other cause as to be unfit for occupancy and such destruction or injury could be reasonably repaired within thirty (30) days from the happening of a partial such destruction or injury, then the Lessee shall not be entitled to surrender possession of said premises nor shall Lessee's liability to pay rent under this lease cease, without the mutual consent of the premises during parties; but in case of any such destruction or injury the term hereof, from any cause, Lessor shall forthwith repair the same, provided that same with all reasonable speed and shall complete such repairs can within thirty (30) days from the happening of such injury; and if during such repairs the Lessee shall thereby be deprived of the occupancy of any portion of said premises, a proportionate allowance shall be made within sixty (60) days under existing governmental laws to Lessee from the rent, corresponding to the time during which and regulations, but such partial destruction shall not terminate this lease, except that to the premises of which Lessee shall be entitled to a proportionate reduction so deprived on account of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If said repairs. B. However, if such repairs cannot be made completed within said sixty thirty (6030) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor or Lessee may elect to terminate this lease whether Lease and Lessee shall not be liable for rent for the demised leased premises be injured or not. A total destruction from and after the time of the building in which the premises may be situated shall terminate this leasesurrender of said premises.

Appears in 1 contract

Samples: Lease (Cropking Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Premises during the term hereofof this Agreement, from any cause, the Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws rules and regulations, but such partial destruction shall not terminate this leaseLease, except that the Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of the Lessee on the premisesPremises. If such repairs cannot be made within said sixty (60) days, the Lessor, at his option, may make the same within a reasonable time, this lease Lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that the Lessor shall not elect to make such repairs which that cannot be made within sixty (60) days, this lease may be Lease maybe terminated at the option of either party. In the event that the building in which the demised premises Premises may be situated is destroyed to an extent of or not less than one-third of the replacement costs thereof, the Lessor may elect to terminate this lease Lease whether the demised premises Premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this leaseLease.

Appears in 1 contract

Samples: Commercial Sublease (Ibs Interactive Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Premises during the term Term hereof, from any cause, Sub-Lessor shall forthwith repair cause to be repaired the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this leaseSublease, except that Sub-Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Sub-Lessee on within the premisesPremises. If such repairs cannot be made within said sixty (60) days, Sub-Lessor, at his its option, may make the same within a reasonable time, this lease Sublease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Sub-Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease Sublease may be terminated at the option of either party. In the event that the building Building in which the demised premises Premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Sub-Lessor may elect to terminate this lease Sublease whether the demised premises Premises be injured or not. A total destruction of the building in which the premises may be situated Building shall terminate this leaseSublease.

Appears in 1 contract

Samples: Commercial Sublease (Quadrant 4 Systems Corp)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, . Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as a aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Nupro Innovations Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, . Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either cither party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs costs, thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Fulgent Diagnostics, Inc.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this leaseLease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premisesPremises. If such repairs cannot be made within said sixty (60) days, Lessor, at his its option, may make the same within a reasonable time, this lease Lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs repair which cannot be made within sixty (60) days, this lease Lease may be terminated at the option of either party upon written notice to the other party. In the event that the building in which the demised premises Premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease Lease whether the demised premises Premises be injured or not. A total destruction of the building in which the premises Premises may be situated shall terminate this leaseLease.

Appears in 1 contract

Samples: Office Lease (Whitman Education Group Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premisesPremises. If such repairs cannot be made within said sixty (60) days, Lessor, at his its option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises Premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor or Lessee may elect to terminate this lease whether the demised premises Premises be injured or not. A total destruction of the building in which the premises Premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Lease Agreement

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Premises during the term hereof, from any cause, Lessor Landlord shall forthwith repair the same, provided that such repairs can be made within sixty ninety (6090) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent Rent while such repairs are being made, based . Based upon the extent to which making the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty ninety (6090) days, LessorLandlord, at his optionif the damage is covered by insurance policies, may shall make the same within a reasonable time, this lease continuing in effect with the rent Rent proportionately abated as aforesaid, and in the event that Lessor shall repairs are not elect to make such repairs which covered by insurance and cannot be made within sixty ninety (6090) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises Premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor cost. Landlord may elect to terminate this lease whether the demised premises Premises be injured or not. A total destruction of the building in which the premises Premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease Agreement (FriendFinder Networks Inc.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event even that Lessor shall not elect to make such repairs which cannot be made within with sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Speizman Industries Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty thirty (6030) days under existing governmental laws and regulations, but such partial destruction shall not terminate this leaseLease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premisesPremises. If such repairs cannot be made within said sixty (60) days, Lessor, at his its option, may make the same within a reasonable time, this lease Lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty thirty (6030) days, this lease Lease may be terminated at the option of either party. In the event that the building in which the demised premises Premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease Lease whether the demised premises Premises be injured or not. A total destruction of the building in which the premises Premises may be situated shall terminate this leaseLease.

Appears in 1 contract

Samples: Commercial Lease (Chattem Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be he made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be he made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (606O) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, . Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Rockford Corp)

DESTRUCTION OF PREMISES. In the event Should an occurrence of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Quartet Holdco Ltd.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent ex- tent to which making the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his or her option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereofcost, Lessor may elect to terminate termi- nate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Lease Agreement

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate terminated this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate terminated this lease.

Appears in 1 contract

Samples: Commercial Lease (Nuway Medical Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises Leased Premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this leaseLease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premisesLeased Premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease Lease may be terminated at the option of either party. In the event that the building in which buildings situated on the demised premises may be situated is Leased Premises are destroyed to an extent of not less than that one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or notLease. A total destruction of the building in which buildings situated on the premises Leased Premises may be situated situate shall terminate this lease. Notwithstanding the foregoing, Lessor shall not be obligated to make any such repairs or restoration if insurance proceeds for such purpose are not available or are insufficient to complete such repairs or restorations, in which case Lessor may terminate this Lease.

Appears in 1 contract

Samples: Lease Agreement

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, same provided that such repairs can be made within sixty (6090) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (6090) days, Lessor, Lessor at his this option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (6090) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Lease Agreement

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, . Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs costs, thereof, . Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Fulgent Genetics, Inc.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor Lessee shall forthwith repair the same, provided that such repairs can be made within sixty one hundred twenty (60120) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaidforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty one hundred twenty (60120) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (BMX Development Corp.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled entitles to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-one- third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Nac Global Technologies, Inc.)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor Landlord shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee Tenant shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee Tenant on the premises. If such repairs cannot be made within said sixty (60) days, LessorLandlord, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor Landlord shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor Landlord may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, . Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Quality Products Inc)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease lease, may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, . Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Commercial Lease (Rockford Corp)

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this lease, except that Lessee shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee on the premises. If such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the same within a reasonable time, this lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which cannot be made within sixty (60) days, this lease may be terminated at the option of either party. In the event that the building in which the demised premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate this lease whether the demised premises be injured or not. A total destruction of the building in which the premises may be situated shall terminate this lease. In the event of any dispute between Xxxxxx and Xxxxxx with respect to the provisions hereof, the matter shall be settled by arbitration in such a manner as the parties may agree upon, or if they cannot agree, in accordance with the rules of the American Arbitration Association.

Appears in 1 contract

Samples: Commercial Lease

DESTRUCTION OF PREMISES. In the event of a partial destruction of the premises during the term hereof, from any cause, Lessor Landlord shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing governmental laws and regulations, but such partial destruction shall not terminate this leaseLease, except that Lessee Tenant shall be entitled to a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall interfere with the business of Lessee Tenant on the premisesPremises. If such repairs cannot be made within said sixty (60) days, LessorLandlord, at his its option, may make the same within a reasonable time, this lease Lease continuing in effect with the rent proportionately abated as aforesaid, and in the event that Lessor Landlord shall not elect to make such repairs which cannot be made within sixty (60) days, this lease Lease may be terminated at the option of either party. In the event that the building in which the demised premises Premises may be situated is destroyed to an extent of not less than one-third of the replacement costs thereof, Lessor Landlord may elect to terminate this lease Lease whether the demised premises Premises be injured insured or not. A total destruction of the building in which the premises may be situated shall terminate this lease.

Appears in 1 contract

Samples: Lease Agreement (Ricex Co)

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