Fire or Destruction Sample Clauses

Fire or Destruction. In case of damage by fire or other casualty to the Leased Premises which render the Leased Premises uninhabitable, this Lease shall be terminated and the rent shall be prorated for the number of days of occupancy.
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Fire or Destruction. If the Event Space, or any substantial part of the Event Space, shall be destroyed by fire or other casualty so as to render it unusable for Customer’s event, either The Lodge or Customer shall have the right to terminate this Agreement on written notice.
Fire or Destruction. In case of damage to the Premises by partial or total destruction thereof by fire. lightning, earthquake or other similar events, then:
Fire or Destruction. If, during the term of this Sub-Lease the Premises are more than 75% destroyed by fire, the elements or other casualty, then this Sub-Lease Agreement shall terminate at the option of either party upon written notice to the other, and rent shall be prorated to the date of termination. During the time in which such repairs are being made, however, no rent shall be payable except on a prorata basis for such part of the Premises as may be used and occupied by Sub-Lessee.
Fire or Destruction. In case the Premises shall be more than sixty percent (60%) destroyed by the elements, fire or other causes, either Landlord or Tenant may cancel this lease within thirty (30) days after such destruction, and in the event either party exercises such option, this Lease shall thereupon cease and be utterly void, and Tenant shall surrender possession of the Premises, but in the event neither Landlord nor Tenant elects to cancel within thirty (30) days after more than sixty percent (60%) destruction of the Premises, or in the event the Premises are destroyed sixty percent (60%) or less, Landlord shall at once proceed to make the repairs necessary to put the Premises in their former condition. In the event that such a fire or other destruction is proven to be the result of the negligence on the party of the Tenant, the responsibility to repair or replace the damaged property shall remain with the Tenant except as subrogated by insurance.
Fire or Destruction. If the Premises, or any substantial part of the Premises, shall be destroyed by fire or other casualty so as to render them untenantable, Landlord shall have the right to terminate this Rental Agreement upon written notice to Tenant. Under no circumstances shall Landlord be obligated to rebuild or restore all or any part of the Premises in the event of damage or destruction. Landlord may elect to restore the Premises to a tenantable condition without terminating this Rental Agreement. In such event, Landlord shall do so as expediently as is practicable and rent shall xxxxx entirely if the entire Premises are rendered untenantable, and be prorated for any portion rendered untenantable if only a part is untenantable, until restored to a condition ready to be occupied again by Tenant.
Fire or Destruction. If a casualty partially or completely destroys the Premises, Landlord is under no duty to repair. Tenant shall promptly rebuild the premises to the condition it was in before the casualty. The insurance proceeds carried by Tenant to cover casualty damage to the Premises shall be available for the reconstruction. If the Premises are rendered unleasable by fire or other casualty during the Term to the extent that the building(s) must be demolished and rebuilt, and the casualty insurance proceeds for the building available for payment by the insurance company and the Premises and insurance proceeds are not subject to any lien, Tenant may, at Tenant’s option, to be evidenced by notice given to Landlord within 30 days after the occurrence of the damage or destruction, elect to terminate this Lease as of the date of the damage or destruction. In that event, Landlord shall be entitled to all insurance proceeds for the damage to the Premises.
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Related to Fire or Destruction

  • Damage or Destruction (a) If (i) the Premises Site shall be damaged to the extent of more than twenty-five percent (25%) of the cost of replacement thereof, respectively, or (ii) the proceeds of Landlord’s insurance recovered or recoverable as a result of the damage shall be insufficient to pay fully for the cost of replacement of the Premises and the Building in which they are located and Tenant is unwilling to make up such insufficiency, or (iii) the Premises or said Building shall be damaged as a result of a risk which is not covered by Landlord’s insurance, or (iv) the Premises shall be damaged in whole or in any part during the last one (1) year of the Lease term or of any renewal term hereof or (v) the Building of which the Premises are a part shall be damaged to the extent of fifty percent (50%) or more of the cost of replacement thereof, whether or not the Premises shall be damaged; then in any such event Landlord, in its sole discretion, may terminate this Lease by notice given within sixty (60) days after such event and upon the date specified in such notice, which shall not be less than thirty (30) days nor more than sixty (60) days after the giving of said notice, this Lease shall terminate and come to an end, and Tenant shall vacate and surrender the Premises to Landlord. If this Lease shall not be canceled and if the repair or restoration shall take one hundred eighty (180) days or more, Landlord shall notify Tenant within sixty (60) days from the damage or destruction and Tenant shall have twenty (20) days from receipt of said notification to terminate this Lease by delivering written notice to Landlord within said twenty (20) day period. Following the casualty an equitable abatement of the rent and additional charges shall be allowed based upon the extent to which Tenant’s use of the Premises is diminished from the date when the damage occurred until completion of the repairs or rebuilding or, in the event Landlord or Tenant elects to terminate this Lease, until said date of termination. Notwithstanding the foregoing, Landlord shall not have the right to terminate the Lease if the damage to the Building is (a) due to a risk required to be insured against under Section 13(d) of the Lease or (b) relatively minor (e.g., repair or restoration would cost less than ten percent (10%) of the replacement cost of the Building).

  • Loss or Destruction Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction, or mutilation of this Warrant Certificate and, in the case of any such loss, theft or destruction, upon delivery of an indemnity agreement or bond satisfactory in form, substance and amount to the Company or, in the case of any such mutilation, upon surrender and cancellation of this Warrant Certificate, the Company at its expense will execute and deliver, in lieu thereof, a new Warrant Certificate of like tenor.

  • Return or Destruction (a) As requested by the Furnishing Party during the Agreement Term, the Receiving Party will return or provide the Furnishing Party a copy of any designated Confidential Information of the Furnishing Party.

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