Common use of Landlord's Obligation to Repair and Reconstruct Clause in Contracts

Landlord's Obligation to Repair and Reconstruct. If the Premises shall be damaged by fire, the elements, accident or other casualty (any of such causes being referred to herein as a "Casualty"), but the Premises shall not be thereby rendered wholly or partially untenantable, Landlord shall promptly cause such damage to be repaired and there shall be no abatement of Rental. If, as the result of Casualty, the Premises shall be rendered wholly or partially untenantable, then, subject to the provisions of Section 14.2., Landlord shall cause such damage to be repaired and all Rental (other than any Additional Rental due Landlord by reason of Tenant's failure to perform any of its obligations hereunder) shall be abated proportionately as to the portion of the Premises rendered untenantable during the period of such untenantability, and, in addition, during such period of untenantability, the Breakpoint shall also be proportionately reduced by an amount equal to the amount obtained by multiplying the Breakpoint by a fraction, the numerator of which shall be the length of time the Premises are closed and the denominator of which shall be the length of the Rental Year(s)

Appears in 2 contracts

Samples: Lease Agreement (Boston Restaurant Associates Inc), Lease Agreement (Ciao Cucina Corp)

AutoNDA by SimpleDocs

Landlord's Obligation to Repair and Reconstruct. If the Premises or Common Areas shall be damaged by fire, the elements, accident or other casualty (any of such causes being referred to herein as a "Casualty"), but the Premises shall not be thereby rendered wholly or partially untenantable, then Landlord shall promptly cause such damage to be repaired and there shall be no abatement of RentalRent. If, as the result of such Casualty, the Premises shall be rendered wholly or partially untenantable, then, subject to the provisions of Section 14.2.Subsection 16.2, Landlord shall cause such damage to be repaired and all Rental Rent (other than any Additional Rental Rent due Landlord by reason because of Tenant's failure to perform any of its obligations hereunder) shall be abated proportionately as to the portion of the Premises rendered untenantable during the period of such untenantability, and, in addition, during . All such period of untenantability, the Breakpoint shall also be proportionately reduced by an amount equal to the amount obtained by multiplying the Breakpoint by a fraction, the numerator of which repairs shall be made at the length expense of time Landlord, but Landlord shall not be required to perform any work within the Premises are closed and the denominator of which shall be the length of the Rental Year(s)beyond that described in Section

Appears in 1 contract

Samples: Lease Agreement (Metris Companies Inc)

Landlord's Obligation to Repair and Reconstruct. If the Leased Premises shall be damaged by fire, the elements, accident accident, or other casualty (any of such causes being referred to herein as a "Casualty"), but the leased Premises shall not be thereby rendered wholly or partially untenantable, Landlord shall promptly cause such damage to be repaired and there shall be no abatement of RentalBasic Rent. If, as the result of Casualty, the leased Premises shall be rendered wholly or partially untenantable, then, subject to the provisions of Section 14.2.15.2, Landlord shall cause such damage to be repaired and all Rental (other than any Additional Rental due Landlord by reason of Tenant's failure to perform any of its obligations hereunder) Basic Rent shall be abated proportionately as to the portion of the Leased Premises rendered untenantable during the period of such untenantability. All such repairs shall be made at the expense of Landlord, andsubject to Tenant's responsibility set forth in this Lease. Landlord shall not be liable for interruption to Tenant's business or for damage to or replacement or repair of Tenant's Personal Property, in addition, during such period of untenantability, the Breakpoint shall also be proportionately reduced by an amount equal to the amount obtained by multiplying the Breakpoint by a fraction, the numerator all of which damage, replacement or repair shall be the length of time the Premises are closed undertaken and the denominator of which shall be the length of the Rental Year(s)completed by Tenant promptly.

Appears in 1 contract

Samples: Lease Agreement (Sideware Systems Inc)

AutoNDA by SimpleDocs

Landlord's Obligation to Repair and Reconstruct. If If, as the Premises shall be damaged by result of ----------------------------------------------- fire, the elements, accident or other casualty (any of such causes being referred to herein as a "Casualty"), the Premises shall be rendered wholly or partially untenantable (damaged to such an extent as to preclude Tenant's use of the Premises for the purposes originally intended), then, subject to the provisions of subsection 17.2, Landlord shall cause such damage to be repaired, including Tenant Improvements and Alterations, and the Annual Basic Rent and Additional Rent (but not any Additional Rent due Landlord either by reason of Tenant's failure to perform any of its obligations hereunder or by reason of Landlord's having provided Tenant with additional services hereunder) shall be abated proportionately as to the portion of the Premises rendered untenantable during the period of such untenantability. All such repairs shall be made at the expense of Landlord, subject to the availability of insurance proceeds and Tenant's responsibilities set forth herein. Landlord shall not be liable for interruption to Tenant's business or for damage to or replacement or repair of Tenant's Personal Property, all of which replacement or repair shall be undertaken and completed by Tenant, at Tenant's expense. If the Premises shall be damaged by Casualty, but the Premises shall not be thereby rendered wholly or partially untenantable, Landlord shall promptly cause such damage to be repaired and there shall be no abatement of Rental. If, as the result of Casualty, the Premises shall be rendered wholly or partially untenantable, then, subject to the provisions of Section 14.2rent reserved hereunder., Landlord shall cause such damage to be repaired and all Rental (other than any Additional Rental due Landlord by reason of Tenant's failure to perform any of its obligations hereunder) shall be abated proportionately as to the portion of the Premises rendered untenantable during the period of such untenantability, and, in addition, during such period of untenantability, the Breakpoint shall also be proportionately reduced by an amount equal to the amount obtained by multiplying the Breakpoint by a fraction, the numerator of which shall be the length of time the Premises are closed and the denominator of which shall be the length of the Rental Year(s)

Appears in 1 contract

Samples: Harbor Global Co LTD

Time is Money Join Law Insider Premium to draft better contracts faster.