Effect of Casualty on this Lease. This Lease shall neither terminate, be forfeited nor be affected in any manner, nor shall there be a reduction or abatement of Charges by reason of damage to, or total, substantial or partial destruction of, the Improvements, or by reason of the untenantability of the Improvements or any part thereof, nor for any reason or cause whatsoever, except pursuant to the express provisions of this Lease. Except as so provided, Tenant's obligations hereunder, including the payment of Charges, shall continue as though the Improvements had not been damaged or destroyed and shall continue without abatement, suspension, diminution or reduction whatsoever ARTICLE XII CONDEMNATION
Effect of Casualty on this Lease. Except as otherwise provided herein, this Lease shall not terminate, be forfeited nor be affected in any manner by reason of damage to, or total, substantial or partial destruction of, the Premises, or by reason of the untenantability of the Premises or any part thereof, and Tenant’s obligations hereunder shall continue as though the Premises had not been damaged or destroyed and shall continue without any abatement, suspension, diminution or reduction whatsoever.
Effect of Casualty on this Lease. This Lease shall neither terminate, be forfeited nor be affected in any manner, nor shall there be a reduction or abatement of Rent by reason of damage to, or total, substantial or partial destruction of, the Improvements, or by reason of the untenantability of the Improvements or any part thereof, nor for any reason or cause whatsoever, except pursuant to the express provisions of this Lease. Except as so provided, Tenant’s obligations hereunder, including the payment of Rent, shall continue as though the Improvements had not been damaged or destroyed and shall continue without abatement, suspension, diminution or reduction whatsoever. Notwithstanding anything to the contrary contained in this Lease, if (i) the estimated cost of the Construction Work in connection with any Casualty Restoration to be performed in the last ten (10) years of the Term shall exceed twenty percent (20%) of the Replacement Value or (ii) the damage or destruction occurs during the last seven (7) years of the Term or (iii) the Recognized Mortgagee does not make insurance proceeds available for restoration, then Tenant, at its option, with the consent, in writing, of all Recognized Mortgagees, may cancel this Lease upon ten (10) days notice to Landlord. In such event (a) the Term shall end on the date set forth in such notice as if such date were the Fixed Expiration Date, and (b) Tenant shall have no obligation to perform such Casualty Restoration, but at Landlord’s option, Tenant shall demolish the improvements on the site and make the site safe and free from conditions hazardous to life and property, shall be paid to Tenant. Landlord shall recognize any full or partial assignment by Tenant to a Recognized Mortgagee of any portion of the insurance proceeds otherwise payable to Tenant pursuant to this Section, but no such assignment shall limit Tenant’s obligations under this Section to, inter alia, demolish the improvements on the site and make the site safe.
Effect of Casualty on this Lease. Except as provided herein, this Lease shall neither terminate, be forfeited nor be affected in any manner, nor shall there be a reduction or abatement of Rental by reason of damage to, or total, substantial or partial destruction of, the improvements on the Premises, or by reason of the untenantability of any part thereof, nor for any reason or cause whatsoever. Tenant's obligations hereunder, including the payment of Rental, shall continue as though the Improvements had not been damaged or destroyed and shall continue without abatement, suspension, diminution or reduction whatsoever. Notwithstanding anything to the contrary herein, if following any damage to, or destruction of, the Premises or the improvements thereon, the Gross Leasable Area of the Premises shall be reduced as a result of (i) the insurance proceeds payable for such damage or destruction being inadequate to complete a full Restoration of the Premises or (ii) a Qualified Contractor determining that (A) it is not practical to complete a full Restoration of the Premises or (B) that any part of the Restored Premises would be rendered unsuitable for the uses permitted under this Lease at the date of such damage or destruction, Rental shall be proportionally abated to account for the loss in Gross Leasable Area.
Effect of Casualty on this Lease. This Lease shall not terminate, be forfeited or be affected in any manner, and there shall be no reduction or abatement of Rental (except to the extent Owner receives the net proceeds of the insurance described in Section 7.8), by reason of damage to, or total or partial destruction of, or untenantability of, the Premises or any part thereof resulting from such damage or destruction. Tenant's Rental obligations hereunder shall continue as though the Premises had not been damaged or destroyed and shall continue without abatement, suspension, diminution or reduction whatsoever. Subject to Unavoidable Delays and taking into account Tenant's Casualty Restoration obligations (including, without limitation, the effect of the casualty and the Casualty Restoration on the Tenant's ability to comply with the maintenance obligations under Article 14 hereof), Tenant's non-Rental obligations hereunder shall continue as though the Premises had not been damaged or destroyed and shall continue without abatement, suspension, diminution or reduction whatsoever. 37 F:\MlNSKERIC.M.BIP ARKONEIPOGROUNDlEASE.EXEC 12-1.
Effect of Casualty on this Lease. Except as expressly provided in this Article 7, this Lease shall not terminate, be forfeited or be affected in any manner, nor shall there be a reduction or abatement of Rent by reason of damage to, or total, substantial or partial destruction of, the Premises.
