Fire or Casualty Loss. If the Student’s room or residence hall should at any time be rendered untenable in whole or in part by fire or casualty, the University may, at its option, either immediately terminate this Agreement, or repair and replace the damaged room or residence hall within a reasonable time.
Fire or Casualty Loss. If Student's Assigned Space should at any time be rendered uninhabitable in whole or in part by fire or other casualty, the University may, at its option, either immediately terminate this License Agreement without liability to Student, or repair and replace the damaged Assigned Space within a reasonable time. Alternatively, the University may, at its option, find alternative suitable housing for Student.
Fire or Casualty Loss. If Resident’s assigned Apartment should at any time be rendered uninhabitable in whole or in part by fire or other casualty, the University may, at its option, either immediately terminate this Agreement without liability to Resident, or repair and replace the damaged Apartment within a reasonable time. Alternatively, the University may, at its option, find alternative suitable housing for Resident.
Fire or Casualty Loss. 19.1 If all or part of the Demised Premises is damaged or destroyed by fire or other casualty, this Lease and all of its terms, covenants and conditions shall, subject to the provisions hereinafter set forth, continue in full force and effect, as follows:
Fire or Casualty Loss. If the leased premises is destroyed by fire or another casualty, this Lease shall terminate. If ten percent (10%) or less of the area of the leased premises is rendered unusable for the purposed intended, because of fire or other casualty, XXXXXX agrees to restore the Leased Premises to substantially the same condition as it was in immediately before the destruction. If the restoration can be made under the existing laws and can be completed within ninety (90) working days after the date of destruction; in which event this Lease shall not terminate. Within fifteen (15) working days after the date of destruction, LESSOR shall notify LESSEE if the restoration can be accomplished within the ninety (90) working day period, and if it cannot be done in such period then LESSEE shall have the right to terminate this Lease within ten (10) days after receiving notification. If LESSEE fails to so terminate this Lease, then LESSOR, at its option, may either terminate this Lease or restore the leased premises within a reasonable time by giving LESSEE notice thereof with ten (10) days after XXXXXX’S notice period has expired. In case of destruction, there shall be an abatement or reduction of the total monthly rent between the date of destruction and the date of completion or restoration, based on the extent to which the destruction interferes with LESSEE’S use of the Leased Premises.
Fire or Casualty Loss. (a) If the Premises or any part thereof shall be damaged by fire or other casualty, Tenant shall give prompt written notice thereof to Owner and this Lease shall continue in full force and effect except as provided in this Section.
Fire or Casualty Loss. If the building or other improvements on the Premises shall be damaged or rendered untenantable by fire or other casualty, Lessee shall give prompt written notice thereof to Lessor. Lessee shall thereupon and without further notice to Lessor repair or replace the building or the improvements, as applicable, and restore, repair, replace, rebuild, modify or alter the same, as promptly as practicable after such fire or other cause, so that the fair market value of the building and the improvements after such work is completed is at least equal to the fair market value of the building and the improvements immediately prior to the occurrence. All resulting casualty insurance proceeds shall be available to Lessee for such repair and restoration. Lessor shall in no event have any obligation whatsoever to repair, replace, restore, rebuild or alter, or to pay any of the costs or expenses thereof, unless such casualty is the result of Lessor’s gross negligence or willful misconduct, and then only to the extent Lessee was carrying the insurance required hereunder and the resulting casualty insurance proceeds are insufficient to pay for the necessary repairs, in which case Lessor shall pay the difference between the cost of such repairs and the insurance proceeds. Notwithstanding the foregoing, in case of damage or destruction occurring in the last three (3) years of this Lease, or any extension or renewal thereof, to the extent of fifty percent (50%) or more of the insurable value of the building or improvements, Lessee may terminate this Lease by written notice to Lessor within sixty (60) days after such destruction or damage, and such termination shall become effective on the thirtieth (30th) day after the giving of such notice. In the event this Lease is terminated in accordance with this Section, Lessee shall not be obligated to repair or restore the building or the improvements (but shall, at Lessor’s request, raze and secure any damaged portions thereof), and any insurance proceeds paid as a result of the property damage shall be assigned to Lessor, less (a) an amount equal to the Book Value (as hereinafter defined) of the building and the improvements installed by Lessee, and (b) any sum attributable to the loss of or damage to Lessee’s Personal Property, both of which shall be retained by Lessee. For purposes of this Lease, “Book Value” shall mean the remainder of (i) the total costs incurred by Lessee to construct the building and improvements
Fire or Casualty Loss. 19.1 If all or part of the Demised Premises is damaged or destroyed by fire or other casualty the cost of which to repair is reasonably determined by the Landlord to exceed Twenty-Five Thousand and 00/100 ($25,000.00) Dollars, this Lease and all of its terms, covenants and conditions shall, subject to the provisions hereinafter set forth, continue in full force and effect, and the obligations of the Landlord and the Tenant shall be as provided in this Article 19. In the case of a fire or casualty loss the cost of which to repair is reasonably determined by the Landlord to be equal to or less than Twenty-Five Thousand and 00/100 ($25,000.00) Dollars, then the provisions of Articles 4 and/or 5 of this Lease shall control the responsibility of Landlord and Tenant for the completion of repairs and replacements, but all fire and casualty insurance proceeds, if any, shall be utilized to reimburse the respective parties for their costs of repair, with any excess to belong to the Landlord.
Fire or Casualty Loss. In the event that the Premises are totally or partially damaged or destroyed by fire or other casualty, Tenant shall give immediate written notice thereof to Landlord and Landlord shall repair and restore the Premises to substantially the same condition as they were in immediately before such damage or destruction less and except that portion of the Premises required to be insured by Tenant under Section 16 of this Lease. If (a) this Lease is in the last twelve (12) months of the term or any Renewal Term and no subsequent Renewal Term option has been exercised by Tenant and more than thirty percent (30%) of the total rentable area (per BOMA standards) of the
Fire or Casualty Loss. In the event the DCC is destroyed in whole or in part, it is agreed that the proceeds from any insurance policy received in payment of any such loss shall be applied to the repair and reconstruction of the DCC, unless the City and County shall agree, to the extent permitted by this DCC Interlocal, that some other disposition of such proceeds shall be made.
