Common use of DESTRUCTION OR CONDEMNATION OF PREMISES Clause in Contracts

DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises are partially destroyed in a manner that prevents the conducting of Tenant's use of the Premises in a normal manner, and if the damage is reasonably repairable within sixty days after the occurrence of the destruction, and if the cost of repair is less than $20,000.00, Landlord shall repair the Premises and lease payments shall xxxxx during the period of the repair. However, if the damage is not repairable within. sixty days, or if the cost of repair is $20,000.00 or more, or if Landlord is prevented from repairing the damage by forces beyond Landlord's control, or if the property is condemned, this Lease shall terminate upon twenty days written notice of such event or condition. by either party.

Appears in 2 contracts

Samples: Real Estate Lease (Ideal Accents Inc), Real Estate Lease (Ideal Accents Inc)

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DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises are partially destroyed in a manner that prevents the conducting of Tenant's use of the Premises in a normal manner, and if the damage is reasonably reasonable repairable within sixty days after the occurrence of the destruction, and if the cost of repair is less than $20,000.001,000.00, the Landlord shall repair the Premises and lease payments shall xxxxx during the period of the repair. However, if the damage is not repairable within. within sixty days, or if the cost of repair is $20,000.00 1,000.00 or more, or if Landlord is prevented from repairing the damage by forces beyond Landlord's control, or if the property property, is condemned, this Lease shall terminate upon twenty days written notice of such event or condition. condition by either party.

Appears in 2 contracts

Samples: Real Estate Lease (Network Holdings International Inc), Real Estate Lease (Network Holdings International Inc)

DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises are partially destroyed in a manner that prevents the conducting of Tenant's use of the Premises in a normal manner, and if the damage is reasonably repairable within sixty days after the occurrence of the destruction, and if the cost of repair is less than $20,000.00, 200,000.00. Landlord shall repair the Premises and lease payments shall xxxxx during the period of the repair. However, if the damage is not repairable within. within sixty days, or if the cost of repair is $20,000.00 200,000.00 or more, or if Landlord is prevented from repairing the damage by forces beyond Landlord's control, or if the property is condemned, this Lease shall terminate upon twenty days written notice of such event or condition. condition by either party.

Appears in 1 contract

Samples: Real Estate Lease (Blue Rhino Corp)

DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises in which the Demised Premises exist are partially destroyed in a manner that prevents the conducting conduct of Tenant's use of business within the Demised Premises in a normal manner, and if the damage is reasonably repairable within sixty (60) days after the occurrence of the destruction, and if the cost of repair is less than $20,000.00100,000, Landlord shall repair the Premises and lease payments shall xxxxx during the period of the repair. However, if the damage is damages are not repairable within. within sixty (60) days, or if the cost of repair is $20,000.00 100,000 or more, or if the Landlord is prevented from repairing the damage by forces beyond Landlord's control, or if the property Premises of which the Demised Premises is a part is condemned, this Lease shall terminate upon twenty (20) days after receipt of written notice of such event or condition. condition by either party.

Appears in 1 contract

Samples: University Banking Services Agreement

DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises are partially destroyed in a manner that prevents the conducting of Tenant's use of the Premises in a normal manner, and if the damage is reasonably repairable within sixty days after the occurrence of the destruction, and if the cost of repair is less than $20,000.002,000.00, Landlord shall repair the Premises and lease payments shall xxxxx during the period of the repair. However, if the damage is not repairable within. within sixty days, or if the cost of repair is $20,000.00 2,000.00 or more, or if Landlord is prevented from repairing the damage by forces beyond Landlord's control, or if the property is condemned, this Lease shall terminate upon twenty days days' written notice of such event or condition. condition by either party.

Appears in 1 contract

Samples: Sample Lease

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DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises are partially destroyed in a manner that prevents the conducting of Tenant's use of the Premises in a normal manner, and if the damage is reasonably repairable within sixty days after the occurrence of the destruction, and if the cost of repair is less than $20,000.00500.00, Landlord shall repair the Premises and lease payments shall xxxxx during the period of the repair. However, if the damage is not repairable within. within sixty days, or if the cost of repair is $20,000.00 500.00 or more, or if Landlord is prevented from repairing the damage by forces beyond Landlord's control, or if the property is condemned, this Lease shall terminate upon twenty days days' written notice of such event or condition. condition by either party.

Appears in 1 contract

Samples: Real Estate Lease

DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises are partially destroyed in a manner that prevents the conducting of Tenant's ’s use of the Premises in a normal manner, and if the damage is reasonably repairable within sixty days after the occurrence of the destruction, and if the cost of repair is less than $20,000.00, Landlord shall repair the Premises and lease payments shall xxxxx during the period of the repair. However, if the damage is not repairable within. within sixty days, or if the cost of repair is $20,000.00 days or more, ; or if Landlord is prevented from repairing the damage by forces beyond Landlord's ’s control, or if the property is condemned, this Lease shall terminate upon twenty days days’ written notice of such event or condition. condition by either party.

Appears in 1 contract

Samples: Rental Lease

DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises are partially destroyed in a manner that prevents the conducting of Tenant's use of the Premises in a normal manner, and if the damage is reasonably repairable within sixty days after the occurrence of the destruction, and if the cost of repair is less than $20,000.0050,000.00, Landlord shall repair the Premises and lease payments shall xxxxx during the period of the repair. However, if the damage is not repairable within. within sixty days, or if the cost of repair is $20,000.00 50,000.00 or more, or if Landlord is prevented from repairing the damage by forces beyond Landlord's control, or if the property is condemned, this Lease shall terminate upon twenty days days' written notice of such event or condition. condition by either party.

Appears in 1 contract

Samples: Real Estate Lease (Eltrax Systems Inc)

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