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 Tenants' 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 $500.00, Landlords 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 $500.00 or more, or if Landlords are prevented from repairing the damage by forces beyond Landlords’ control, or if the property is condemned, this Lease shall terminate upon twenty days' written notice of such event or condition by either party. If the Premises are damaged or destroyed and such damage or destruction has not been caused by Tenants, Tenants shall have such rights to vacate as may be provided by law. DEFAULTS. Tenants shall be in default of this Lease, if Tenants fails to fulfill any lease obligation or term by which Tenants is bound. Subject to any governing provisions of law to the contrary, if Tenants fails to cure any financial obligation within 10 days (or any other obligation within 10 days) after written notice of such default is provided by Landlords to Tenants, Landlords may take possession of the Premises without further notice (to the extent permitted by law), and without prejudicing Landlords’ rights to damages. In the alternative, Landlords may elect to cure any default and the cost of such action shall be added to Tenants' financial obligations under this Lease. Tenants shall pay all costs, damages, and expenses (including reasonable attorney fees and expenses) suffered by Landlords by reason of Tenants' defaults. All sums of money or charges required to be paid by Tenants under this Lease shall be additional rent, whether or not such sums or charges are designated as "additional rent".

DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises are partially destroyed in a manner by fire or other casualty to an extent that prevents the conducting of Tenants' 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 $500.00, Landlords Landlord shall repair the Premises and a just proportion of the lease payments shall xxxxx during the period of the repairrepair according to the extent to which the Premises have been rendered untenantable. However, if the damage is not repairable within sixty days, or if the cost of repair is $500.00 or more, or if Landlords are Landlord is prevented from repairing the damage by forces beyond Landlords’ 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 partyparty and any unearned rent paid in advance by Tenant shall be apportioned and refunded to it. Tenant shall give Landlord immediate notice of any damage to the Premises. HABITABILITY - Tenant has inspected the Premises and fixtures (or has had the Premises inspected on behalf of Tenant), and acknowledges that the Premises are in a reasonable and acceptable condition of habitability for their intended use, and the agreed lease payments are fair and reasonable. If the condition changes so that, in Tenant's opinion, the habitability and rental value of the Premises are damaged or destroyed and such damage or destruction has not been caused by Tenantsadversely affected, Tenants Tenant shall have such rights promptly provide reasonable notice to vacate as may be provided by lawLandlord. DEFAULTS. Tenants DEFAULTS - Tenant shall be in default of this Lease, Lease if Tenants Tenant fails to fulfill any lease obligation or term by which Tenants Tenant is bound. Subject to any governing provisions of law to the contrary, if Tenants Tenant fails to cure any financial obligation within 10 days (or any other obligation within 10 days) after written notice of such default is provided by Landlords Landlord to TenantsTenant, Landlords Landlord may take possession of the Premises without further notice (to the extent permitted by law), and without prejudicing Landlords’ Landlord's rights to damages. In the alternative, Landlords Landlord may elect to cure any default and the cost of such action shall be added to Tenants' Tenant's financial obligations under this Lease. Tenants Tenant shall pay all costs, damages, and expenses (including reasonable attorney fees and expenses) suffered by Landlords Landlord by reason of Tenants' Tenant's defaults. All sums of money or charges required to be paid by Tenants Tenant under this Lease shall be additional rent, whether or not such sums or charges are designated as "additional rent". The rights provided by this paragraph are cumulative in nature and are in addition to any other rights afforded by law. LATE PAYMENTS - For each payment that is not paid within days after its due date, Tenant shall pay a late fee of per day, beginning with the day after the due date. HOLDOVER - If Tenant maintains possession of the Premises for any period after the termination of this Lease ("Holdover Period"), Tenant shall pay to Landlord lease payment(s) during the Holdover Period at a rate equal to the normal payment rate set forth in the Renewal Terms paragraph. CUMULATIVE RIGHTS - The rights of the parties under this Lease are cumulative, and shall not be construed as exclusive unless otherwise required by law. NON-SUFFICIENT FUNDS - Tenant shall be charged for each check that is returned to Landlord for lack of sufficient funds.

DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises are partially destroyed in a manner by fire or other casualty to an extent that prevents the conducting of Tenants' 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 $500.00, Landlords Landlord shall repair the Premises and a just proportion of the lease payments shall xxxxx during the period of the repairrepair according to the extent to which the Premises have been rendered untenantable. However, if the damage is not repairable within sixty days, or if the cost of repair is $500.00 or more, or if Landlords are Landlord is prevented from repairing the damage by forces beyond Landlords’ 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 partyparty and any unearned rent paid in advance by Tenant shall be apportioned and refunded to it. Tenant shall give Landlord immediate notice of any damage to the Premises. HABITABILITY - Tenant has inspected the Premises and fixtures (or has had the Premises inspected on behalf of Tenant), and acknowledges that the Premises are in a reasonable and acceptable condition of habitability for their intended use, and the agreed lease payments are fair and reasonable. If the condition changes so that, in Tenant's opinion, the habitability and rental value of the Premises are damaged or destroyed and such damage or destruction has not been caused by Tenantsadversely affected, Tenants Tenant shall have such rights promptly provide reasonable notice to vacate as may be provided by lawLandlord. DEFAULTS. Tenants DEFAULTS - Tenant shall be in default of this Lease, Lease if Tenants Tenant fails to fulfill any lease obligation or term by which Tenants Tenant is bound. Subject to any governing provisions of law to the contrary, if Tenants Tenant fails to cure any financial obligation within 10 days (or any other obligation within 10 days) after written notice of such default is provided by Landlords Landlord to TenantsTenant, Landlords Landlord may take possession of the Premises without further notice (to the extent permitted by law), and without prejudicing Landlords’ Xxxxxxxx's rights to damages. In the alternative, Landlords Landlord may elect to cure any default and the cost of such action shall be added to Tenants' Tenant's financial obligations under this Lease. Tenants Tenant shall pay all costs, damages, and expenses (including reasonable attorney fees and expenses) suffered by Landlords Landlord by reason of Tenants' Xxxxxx's defaults. All sums of money or charges required to be paid by Tenants Tenant under this Lease shall be additional rent, whether or not such sums or charges are designated as "additional rent". The rights provided by this paragraph are cumulative in nature and are in addition to any other rights afforded by law. LATE PAYMENTS - For each payment that is not paid within days after its due date, Tenant shall pay a late fee of per day, beginning with the day after the due date. HOLDOVER - If Tenant maintains possession of the Premises for any period after the termination of this Lease ("Holdover Period"), Tenant shall pay to Landlord lease payment(s) during the Holdover Period at a rate equal to the normal payment rate set forth in the Renewal Terms paragraph. CUMULATIVE RIGHTS - The rights of the parties under this Lease are cumulative, and shall not be construed as exclusive unless otherwise required by law. NON-SUFFICIENT FUNDS - Tenant shall be charged for each check that is returned to Landlord for lack of sufficient funds.