Common use of LOSS NOT COVERED BY INSURANCE Clause in Contracts

LOSS NOT COVERED BY INSURANCE. If, at any time prior to the expiration or termination of this Lease, the Premises or the Building or the Property is totally or partially damaged or destroyed from a casualty, which loss to Lessor is not fully covered (except for any deductible) by insurance maintained by Lessor or for Lessor's benefit, and which damage renders the Premises inaccessible or unusable to Lessee in the ordinary course of its business, Lessor may, at its option, upon written notice to Lessee within sixty (60) days after notice to Lessor of the occurrence of such damage or destruction, elect to repair or restore such damage or destruction, or Lessor may elect to terminate this Lease (provided Lessor shall not be required to use said insurance proceeds, if any, for the purposes described in this Section 15.2). If Lessor elects to repair or restore such damage or destruction, this Lease shall continue in full force and effect but the Base Rental shall be proportionately reduced as provided in Section 15.1(a). If Lessor does not elect by notice to Lessee to repair or restore such damage, this Lease shall terminate.

LOSS NOT COVERED BY INSURANCE. If, at any time prior to the expiration or termination of this Lease, the Premises or the Building or the Property is totally or partially damaged or destroyed from a casualty, which loss to Lessor is not fully covered (except for any deductible) by insurance maintained by Lessor or for Lessor's ’s benefit, and which damage renders the Premises inaccessible or unusable to Lessee in the ordinary course of its business, Lessor may, at its option, upon written notice to Lessee within sixty (60) days after notice to Lessor of the occurrence of such damage or destruction, and subject to Section 15.4 below, elect to repair or restore such damage or destructiondestruction to substantially their former condition, or Lessor may elect to terminate this Lease (provided Lessor shall not be required to use said insurance proceeds, if any, for the purposes described in this Section 15.2). If Lessor elects to repair or restore such damage or destruction, this Lease shall continue in full force and effect but the Base Rental shall be proportionately reduced as provided in Section 15.1(a). If Lessor does not elect by notice to Lessee to repair or restore such damage, this Lease shall terminate.

LOSS NOT COVERED BY INSURANCE. If, at any time prior to the ------------------------------ expiration or termination of this Lease, the Premises or the Building or the Property is are totally or partially damaged or destroyed from a casualtyrisk, which the loss to Lessor Landlord from which is not fully covered (except for any deductible) by insurance maintained by Lessor Landlord or for LessorLandlord's benefit, and which damage renders the Premises inaccessible or unusable to Lessee Tenant in the ordinary course of its business, Lessor Landlord may, at its option, upon written notice to Lessee within Tenant no later than sixty (60) days after notice to Lessor Landlord of the occurrence of such damage or destruction, elect to repair or restore such damage or destruction, or Lessor Landlord may elect to terminate this Lease (provided Lessor shall not be required to use said insurance proceeds, if any, for the purposes described in this Section 15.2)Lease. If Lessor Landlord elects to repair or restore such damage or destruction, this Lease shall continue in full force and effect but the Base Rental shall be proportionately reduced as provided in Section 15.1(ain, and to the extent provided in, section 15.01(A). If Lessor Landlord does not elect by notice to Lessee Tenant to repair or restore such damage, or if the damage cannot, in Landlord's judgment, be completed within one (1) year following the date of notice to Landlord of such damage or destruction, this Lease shall terminate.

LOSS NOT COVERED BY INSURANCE. If, at any time prior to the expiration or termination of this Lease, the Premises or the Building or the Property is totally or partially damaged or destroyed from a casualty, which loss to Lessor is not fully covered (except for any deductible) by insurance maintained by Lessor or for Lessor's benefit, and which damage renders the Premises inaccessible or unusable to Lessee in the ordinary course of its business, Lessor may, at its option, upon written notice to Lessee within sixty (60) days after notice to Lessor of the occurrence of such damage or destruction, and subject to Section 15.4 below, elect to repair or restore such damage or destructiondestruction to substantially their former condition, or Lessor may elect to terminate this Lease (provided Lessor shall not be required to use said insurance proceeds, if any, for the purposes described in this Section 15.2). If Lessor elects to repair or restore such damage or destruction, this Lease shall continue in full force and effect but the Base Rental shall be proportionately reduced as provided in Section 15.1(a). If Lessor does not elect by notice to Lessee to repair or restore such damage, this Lease shall terminate.

LOSS NOT COVERED BY INSURANCE. If, at any time prior to the expiration ----------------------------- or termination of this Lease, the Premises or the Building or the Property is totally or partially damaged or destroyed from a casualty, which the loss to Lessor Landlord from which is not fully covered (except for any deductible) by insurance maintained by Lessor Landlord or for LessorLandlord's benefit, and which damage renders the Premises inaccessible or unusable to Lessee Tenant in the ordinary course of its business, Lessor mayLandlord, at its option, upon written notice to Lessee Tenant within sixty (60) days after notice to Lessor Landlord of the occurrence of of, such damage or destruction, may elect to repair or restore such damage or destruction, or Lessor Landlord may elect to terminate this Lease (provided Lessor shall not be required to use said insurance proceeds, if any, for the purposes described in this Section 15.2)Lease. If Lessor Landlord elects to repair or restore such damage or destruction, this Lease shall continue in full force and effect but the Base Rental Rent shall be proportionately reduced as provided in Section 15.1(a8.1(a). If Lessor Landlord does not elect by notice to Lessee Tenant to repair or restore such damage, this or if the damage cannot, in Landlord's judgment, be completed within one (1) year following the date of notice to Landlord of such damage or destruction, the Lease shall terminate.

LOSS NOT COVERED BY INSURANCE. If, at any time prior to the expiration or termination ----------------------------- of this Lease, the Premises or the Building or the Property is are totally or partially damaged or destroyed from a casualtyrisk, which the loss to Lessor Landlord from which is not fully covered (except for any deductible) by insurance maintained by Lessor Landlord or for LessorLandlord's benefit, and which damage renders the Premises inaccessible or unusable to Lessee Tenant in the ordinary course of its business, Lessor Landlord may, at its option, upon written notice to Lessee within Tenant no later than sixty (60) days after notice to Lessor Landlord of the occurrence of such damage or destruction, elect to repair or restore such damage or destruction, or Lessor Landlord may elect to terminate this Lease (provided Lessor shall not be required to use said insurance proceeds, if any, for the purposes described in this Section 15.2)Lease. If Lessor Landlord elects to repair or restore such damage or destruction, this Lease shall continue in full force and effect but the Base Rental shall be proportionately reduced as provided in in, and to the extent provided in, Section 15.1(a15.01(A). If Lessor Landlord does not elect by notice to Lessee Tenant to repair or restore such damage, or if the damage cannot, in Landlord's judgment, be completed within one (1) year following the date of notice to Landlord of such damage or destruction, this Lease shall terminate.

LOSS NOT COVERED BY INSURANCE. If, at any time prior to the expiration or termination of this Lease, the Premises or the Building or the Property is totally or partially damaged or destroyed from a casualty, which loss loss, in Lessor's judgment, cannot be completed within one hundred eighty (180) days following the date of notice to Lessor of such damage or destruction, and such damage or destruction is not fully covered (except for any deductible) by insurance maintained by Lessor or for Lessor's benefit, and which damage renders the Premises inaccessible or unusable to Lessee in the ordinary course of its business, Lessor may, at its option, upon written notice to Lessee within sixty (60) days after notice to Lessor of the occurrence of such damage or destruction, and subject to Section 15.4 below, elect to repair or restore such damage or destructiondestruction to substantially their former condition, or Lessor may elect to terminate this Lease (provided Lessor shall not be required to use said insurance proceeds, if any, for the purposes described in this Section 15.2). If Lessor elects to repair or restore such damage or destruction, this Lease shall continue in full force and effect but the Base Rental shall be proportionately reduced as provided in Section 15.1(a). If Lessor does not elect by notice to Lessee to repair or restore such damage, this Lease shall terminate.