Common use of FIRE OR OTHER CASUALTIES Clause in Contracts

FIRE OR OTHER CASUALTIES. If the Building is substantially damaged or destroyed by fire or other casualty, the Landlord shall have the right to terminate this Lease, provided it gives written notice thereof to the Tenant within 90 days after such damage or destruction. If a portion of the Leased Premises is damaged by fire or other casualty and Landlord elects not to terminate this Lease, the Landlord shall, within a reasonable time and at its own expense, restore the Leased Premises, exclusive of any alterations or other changes made to the Leased Premises at any time by or at the direction or request of Tenant, to as near the condition which existed immediately prior to such damage or destruction as reasonably possible. In the event Landlord so elects to restore the Leased Premises, rent shall xxxxx during such period of time as the Leased Premises are unusable in proportion that the unusable portion of the Leased Premises shall bear to the entire Leased Premises. If the destruction is so substantial that the Leased Premises cannot be substantially restored within 180 days from the time of such damage or destruction, then the Tenant shall have the right to terminate this Lease. The Landlord shall not be responsible to the Tenant for damages to or destruction of any furniture, equipment, alterations or other changes made or installed in, on or about the Leased Premises by Tenant regardless of the cause of the damage or destruction.

Appears in 3 contracts

Samples: Agreement (Southwest Casino Corp), Southwest Casino Corp, Adaytum Software Inc

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FIRE OR OTHER CASUALTIES. If the Building is substantially damaged or destroyed by fire or other casualty, the Landlord shall have the right to terminate this Lease, provided it gives written notice thereof to the Tenant within 90 with ninety (90) days after such damage or destruction. If a portion of the Leased Premises is damaged by fire or other casualty casualty, and Landlord elects not to terminate this Lease, the Landlord shall, shall within a reasonable time and at its own expense, restore the Leased Premises, exclusive of any alterations or other changes made to the Leased Premises at any time by or at the direction or request of Tenant, to as near the condition which existed immediately prior to such damage or destruction as reasonably possible. In the event Landlord so elects to restore the Leased Premises, rent shall xxxxx during such period of time as the Leased Premises are unusable in proportion that the unusable portion of the Leased Premises shall bear to the entire Leased Premises. If the substantial destruction is so substantial to the Building or to that portion of the Building subject to this Lease and the Leased Premises cannot be substantially restored within 180 days from the time of such damage or destruction, then the Tenant shall have the right to terminate this Lease. The Landlord shall not be responsible to the Tenant for damages to or destruction of any furniture, equipment, alterations or other changes made or installed in, on or about the Leased Premises by Tenant regardless of the cause of or the damage or destruction.

Appears in 1 contract

Samples: Lease Agreement (Truevision International Inc)

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FIRE OR OTHER CASUALTIES. If the Building is substantially damaged or destroyed by fire or other casualty, the Landlord shall have the right to terminate this Lease, provided it gives written notice thereof to the Tenant within 90 ninety (90) days after such damage or destruction. If a portion of the Leased Premises is damaged by fire or other casualty casualty, and Landlord elects not to terminate this Lease, the Landlord shall, shall within a reasonable time and at its own expense, restore the Leased Premises, exclusive of any alterations or other changes made to the Leased Premises at any time by or at the direction or request of Tenant, to as near the condition which existed immediately prior to such damage or destruction as reasonably possible. In the event Landlord so elects to restore the Leased Premises, rent shall xxxxx during such period of time as the Leased Premises are unusable in proportion that the unusable portion of the Leased Premises shall bear to the entire Leased Premises. If the substantial destruction is so substantial to the Building or to that portion of the Building subject to this Lease and the Leased Premises cannot be substantially restored within 180 days from the time of such damage or destruction, then the Tenant shall have the right to terminate this Lease. The Landlord shall not be responsible to the Tenant for damages to or destruction of any furniture, equipment, alterations or other changes made or installed in, on or about the Leased Premises by Tenant regardless of the cause of or the damage or destruction.

Appears in 1 contract

Samples: Lease Agreement (Loraca International Inc)

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