Common use of Limited Obligation to Repair Clause in Contracts

Limited Obligation to Repair. Landlord’s obligation, should it elect or be obligated to repair or rebuild, shall be limited to the Premises, Building and common areas, and Tenant shall, at its expense, replace or fully repair all Tenant’s personal property and any alterations installed by Tenant existing at the time of such damage or destruction. If the Premises are to be repaired in accordance with the foregoing, Landlord shall make available to Tenant any portion of insurance proceeds it receives which are allocable to the alterations constructed by Tenant pursuant to this Lease provided Tenant is not then in material default.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (NPS Pharmaceuticals Inc)

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Limited Obligation to Repair. Landlord’s 's obligation, should it elect or be obligated to repair or rebuild, shall be limited to the Premises, Building Premises and common areasTenant Improvements, and Tenant shall, at its expense, replace or fully repair all Tenant’s personal property 's Personal Property and any alterations Alterations installed by Tenant existing at the time of such damage or destruction. If the Premises are to be repaired in accordance with the foregoing, Landlord shall make available to Tenant any portion of the insurance proceeds it receives which are allocable to the alterations Alterations constructed by Tenant pursuant to this Lease provided Tenant is not then in material default.

Appears in 1 contract

Samples: Sublease Agreement (Steri Oss Inc)

Limited Obligation to Repair. Landlord’s obligation, should it elect or be obligated to repair or rebuild, shall be limited to the PremisesPremises (including any real property and/or fixture improvements existing on the Premises as of the Commencement Date), Building and common areas, and Tenant shall, at its expense, replace or fully repair all Tenant’s personal property and any alterations installed by Tenant existing at the time of such damage or destruction. If the Premises are to be repaired in accordance with the foregoing, Landlord shall make available to Tenant any portion of insurance proceeds it receives which are allocable to the alterations constructed by Tenant pursuant to this Lease provided Tenant is not then in material default.

Appears in 1 contract

Samples: Lease Agreement (Isis Pharmaceuticals Inc)

Limited Obligation to Repair. Landlord’s 's obligation, should it elect or be obligated to repair or rebuild, shall be limited to the Premises, basic Building and common areasthe Tenant Improvements, and Tenant shall, at its expense, replace or fully repair all Tenant’s personal property 's Personal Property and any alterations Alterations installed by Tenant existing at the time of such damage or destruction. If the Premises are to be repaired in accordance with the foregoing, Landlord shall make available to Tenant any portion of insurance proceeds it receives which are allocable to the alterations Alterations constructed by Tenant pursuant to this Lease provided Tenant is not then in material default.

Appears in 1 contract

Samples: Lease (Ingenex Inc)

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Limited Obligation to Repair. Landlord’s 's obligation, should it ---------------------------- elect or be obligated to repair or rebuild, shall be limited to the Premises, basic Building and common areasthe Tenant Improvements, and Tenant shall, at its expense, replace or fully repair all Tenant’s personal property 's Personal Property and any alterations Alterations installed by Tenant existing at the time of such damage or destruction. If the Premises are to be repaired in accordance with the foregoing, Landlord shall make available to Tenant any portion of insurance proceeds it receives which are allocable to the alterations Alterations constructed by Tenant pursuant to this Lease provided Tenant is not then in material default.

Appears in 1 contract

Samples: Lease (Terayon Communication Systems)

Limited Obligation to Repair. Landlord’s 's obligation, should it elect or be obligated to repair or rebuild, shall be limited to the Premises, Building and common areasProperty, and Tenant shall, at its expense, replace or fully repair all Tenant’s 's personal property and any alterations installed by Tenant existing at the time of such damage or destruction. If the Premises are Property is to be repaired in accordance with the foregoing, Landlord shall make available to Tenant any portion of insurance proceeds it receives which are allocable to the alterations constructed by Tenant pursuant to this Lease provided Tenant is not then in material default.

Appears in 1 contract

Samples: Lease Agreement (Cel Sci Corp)

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