Common use of Extensive Damage Clause in Contracts

Extensive Damage. If the damages referred to in Section 9.01 shall be so extensive as to render the Premises untenantable, the same shall be repaired with due diligence by the Contractor at its own cost and expense, subject to the limitations of Section 9.04, and a reasonable portion, as determined by the Airports Authority, of the MAG, Annual Facility Rent, and Annual Ground Rent (if applicable) under Article 5 shall xxxxx from the time of such damage until such time as the Premises are fully restored and certified by the Airports Authority as ready for occupancy; provided, however, that if said damage is caused by the act or omission of the Contractor, its sublessees, agents, or employees, the applicable MAG, Annual Facility Rent, and Annual Ground Rent, if applicable, shall not xxxxx and to the extent that such damage or destruction is not covered by insurance, the Contractor shall be responsible for reimbursing the Airports Authority for the cost and expense incurred in such repair.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Extensive Damage. If the damages referred to in Section 9.01 shall be so extensive as to render the Premises untenantable, the same shall be repaired with due diligence by the Contractor at its own cost and expense, subject to the limitations of Section 9.04, and a reasonable portion, as determined by the Airports Authority, of the MAG, Annual Facility Rent, and Annual Ground Rent (if applicable) under Article 5 shall xxxxx from the time of such damage until such time as the Premises are fully restored and certified by the Airports Authority as ready for occupancy; provided, however, that if said damage is caused by the act or omission of the Contractor, its sublessees, agents, or employees, the applicable MAG, Annual Facility Rent, and Annual Ground Rent, if applicable, shall not xxxxx and to the extent that such damage or destruction is not covered by insurance, the Contractor shall be responsible for reimbursing the Airports Authority for the cost and expense incurred in such repair.repair.β€Œ

Appears in 1 contract

Samples: Lease Agreement

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