Fire or Other Damage Sample Clauses

Fire or Other Damage. (a) If, prior to the Closing Date, all or any part of the Property is damaged by fire or other casualty, the Seller shall promptly inform the Purchaser of same and the following shall apply:
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Fire or Other Damage. Tenant shall give Landlord immediate notice if the Premises are damaged by fire or other casualty.
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Fire or Other Damage. (a) If the Development, the Building, or the Premises (including the Tenant Improvements, Building Improvements contained in the Premises, and Alterations) are damaged by fire or other casualty, then the Landlord shall promptly commence and thereafter diligently pursue the repair and restoration of the Development, the Building, or the Premises to substantially the same condition of the Development, Building, or Premises (including the Tenant Improvements, Building Improvements contained in the Premises, and Alterations) immediately prior to such fire or other casualty, except the Landlord shall have no obligation under this Lease to restore any Office Space which does not then constitute the Premises at the time of such casualty. If (i) the Premises is rendered wholly untenantable by fire or other cause (ii) the Premises is damaged by fire or any other cause during the last two (2) years of the Term and the extent of the damage exceeds fifty percent (50%) of the value of the Premises (as reasonably determined by the Landlord’s Architect) or (iii) the Building containing the Premises is damaged (whether or not the Premises are damaged) to an extent of more than fifty percent (50%) of the fair market value thereof, then the Landlord may at its option terminate this Lease by notifying the Tenant within sixty (60) days after the date of such damage; provided, however that notwithstanding the foregoing, the Landlord may only terminate this Lease if it also terminates all other leases in areas materially affected by the fire or other casualty in the Building. If such notice of termination is given, then this Lease shall expire sixty (60) days after such notice is given, (ii) the Tenant shall surrender possession of the Premises promptly thereafter and (iii) the Base Rent and the Additional Rent hereunder shall be apportioned as of the date of surrender.
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Fire or Other Damage. If, prior to the Closing, all or any part of the Real Property is damaged by fire or other casualty, Seller shall promptly notify Purchaser of such event. Purchaser shall then have the right to terminate this Agreement by notice to Seller given within twenty (20) days. of Seller's notice to Purchaser, time being of the essence. If Purchaser elects to so terminate this Agreement, the Deposit shall be returned to Purchaser and both Parties shall be relieved and released of and from any further liability hereunder. If Purchaser shall elect not to terminate this Agreement, or shall be deemed to have elected to not terminate this Agreement by 48 failure to give timely notice as provided above, the Closing shall occur in accordance with the Agreement, without abatement of the Purchase Price or any liability or obligation on the part of Seller by reason of such casualty, and Seller shall assign to Purchaser the insurance proceeds, if any, to which Seller would otherwise be entitled.
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Fire or Other Damage. Tenant must give Landlord immediate notice in case of fire or other damage to the Premises. Landlord will have the right to repair the damage within a reasonable time or cancel this Lease. In the event that the Premises are rendered substantially unusable Landlord may cancel the Lease by giving Tenant three (3) days' written notice. The Term shall be over at the end of the third day. In such event, Tenant will look only to his/her own insurance as required by this lease, whether or not obtained, to recover any damages suffered as a result of the damage including but not limited to early termination of the lease. Tenant, at tenant's sole cost and expense, has a right to restore the Premises, provided the such restoration work is completed within sixty (60) days of the occurrence of the fire or other damage.
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Fire or Other Damage. A. If the Property is accidentally damaged (fire, flood, etc.)
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Fire or Other Damage. Tenant must give Landlord immediate notice in case of fire or other damage to the Premises. If the Premises are substantially damaged and rendered unusable for the Permitted Use and this Lease is not terminated pursuant to any of the provisions of this Section 18.1, Landlord shall, subject to the provisions of this ARTICLE XVIII, promptly rebuild the Premises (excluding Tenant’s Removable Property and any Alterations performed by or on behalf of Tenant) to substantially the condition they were in immediately prior to such casualty and Base Rent shall be equitably abated for the period during which Landlord shall be rebuilding such Premises.
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Related to Fire or Other Damage

  • Fire or Other Casualty Seller agrees to give Purchaser prompt notice of any fire or other casualty to the Property costing more than One Hundred Thousand Dollars ($100,000.00) to repair and occurring between the Effective Date and the Closing Date of which Seller has knowledge. If, prior to Closing, the Property is damaged by fire or other casualty which is fully insured (without regard to deductibles) and would cost less than Five Hundred Thousand Dollars ($500,000.00) and require less than 180 days to repair, then neither party shall have the right to terminate this Agreement by reason thereof and the Closing shall take place without abatement of the Purchase Price, but Seller shall assign to Purchaser at the Closing all of Seller’s interest in any insurance proceeds (except use and occupancy insurance, rent loss and business interruption insurance, and any similar insurance, attributable to the period preceding the Closing Date) that may be payable to Seller on account of any such fire or other casualty, to the extent such proceeds have not been previously expended or are otherwise required to reimburse Seller for actual expenditures of restoration made prior to the Closing Date, plus Seller shall credit the amount of any deductibles under any policies related to such proceeds to the Purchase Price together with any amount not covered by insurance. If any such damage due to fire or other casualty is insured and would cost in excess of Five Hundred Thousand Dollars ($500,000.00) or require more than 180 days to repair, then Purchaser may terminate this Agreement by written notice given to Seller within ten (10) days after Seller has given Purchaser the notice of damage or casualty referred to in this Section 7.1, or on the Closing Date, whichever is earlier, in which case the parties hereto shall be released of all further obligations hereunder with respect to the Property except those which expressly survive a termination of this Agreement. Should Purchaser elect to proceed to Closing notwithstanding the amount of the insured loss or the time required for repairs, the Closing shall take place without abatement of the Purchase Price and at Closing Seller shall assign to Purchaser the insurance proceeds and grant to Purchaser a credit against the Purchase Price equal to the amount of the applicable deductible. If, prior to Closing, any Property is damaged by fire or casualty which is uninsured and would cost Five Hundred Thousand Dollars ($500,000.00) or more to repair, then Purchaser may terminate this Agreement by written notice given to Seller within ten (10) days after Seller has given Purchaser the notice of damage or casualty or on the Closing Date, whichever is earlier, in which case the parties hereto shall be released of all further obligations hereunder, except those which expressly survive a termination of this Agreement. If Purchaser does not elect to terminate its obligations under this Agreement pursuant to the immediately preceding sentence, or if any uninsured fire or casualty would cost less than Five Hundred Thousand Dollars ($500,000.00) to repair, then the Closing shall take place as provided herein, and the Purchase Price shall be reduced by the estimated amount to repair such casualty, not to exceed Five Hundred Thousand Dollars ($500,000.00).

  • Damage by Fire or Other Casualty Tenant shall promptly notify Landlord of any damage or destruction of any portion of the Premises (a “Casualty”) and diligently repair or reconstruct such portion of the Premises to a like or better condition than existed prior to such damage or destruction. Any net insurance proceeds payable with respect to the Casualty shall be paid directly to Landlord and, if an Event of Default has not occurred hereunder, may be used for the repair or reconstruction of the applicable portion of the Premises pursuant to Landlord’s disbursement requirements and subject to the provisions of the Facility Mortgage Documents and the release of insurance proceeds by the Facility Mortgagee, if any. If such proceeds are insufficient, Tenant shall provide the required additional funds; if they are more than sufficient, the surplus shall belong and be paid to Tenant. Except as expressly provided in the last sentence of this Section 18, Tenant shall not have any right under this Lease, and hereby waives all rights under applicable law, to xxxxx, reduce or offset Rent by reason of any damage or destruction of any portion of the Premises by reason of an insured or uninsured Casualty. If the Facility Mortgagee does not agree to release all of the insurance proceeds to reimburse Tenant and Landlord does not agree to reimburse Tenant up to the amount of such insurance proceeds in the event of a Casualty that renders the Facility unsuitable for its Permitted Use, Tenant shall have the right to terminate this Lease and remove the Facility from the Portfolio. Upon the removal of the Facility from the Portfolio, this Lease shall be of no further force or affect, except for any obligations or liability of any party hereunder that accrued on or prior to the date of the Casualty. In the event of a Casualty that does not render the Facility unsuitable for its Permitted Use, Tenant shall restore the Facility to substantially the same condition as existed immediately before the partial Casualty in accordance with the provisions of this Section 18, and the Rent shall be reduced on a pro rata basis based upon the number of beds removed from service and otherwise taking into consideration all relevant factors affecting the Facility resulting from such partial Casualty.

  • LOSS OR DAMAGE The District and its agents and authorized representatives shall not in any way or manner be answerable or suffer loss, damage, expense, or liability for any loss or damage that may happen to the Work, or any part thereof, or in or about the same during its construction and before acceptance, and the Contractor shall assume all liabilities of every kind or nature arising from the Work, either by accident, negligence, theft, vandalism, or any cause whatsoever; and shall hold the District and its agents and authorized representatives harmless from all liability of every kind and nature arising from accident, negligence, or any cause whatsoever.

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