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 Project are totally or partially damaged or destroyed from a risk, the loss to Landlord from which is not fully covered by insurance maintained by Landlord or for Landlord's benefit, which damage renders the Premises inaccessible or unusable to Tenant in the ordinary course of its business, and if such damage or destruction is not the result of the negligence or willful misconduct or omission of Tenant or Tenant's Parties, Landlord may, at its option, upon written notice to Tenant within thirty (30) days after notice to Landlord of the occurrence of such damage or destruction, elect to repair or restore such damage or destruction, or Landlord may elect to terminate this Lease. If Landlord elects to repair or restore such damage or destruction, this Lease shall continue in full force and effect, but the Rent shall be proportionately reduced as provided in Paragraph 11.2(a). If Landlord elects to terminate this Lease, such termination shall be effective as of the date of the occurrence of such damage or destruction.

LOSS NOT COVERED BY INSURANCE. If, at any time prior to the expiration or termination of this Lease, the Premises or the Project are totally or partially damaged or destroyed from a risk, the loss to Landlord from which is not fully covered by insurance maintained by Landlord or for Landlord's ’s benefit, which damage renders the Premises inaccessible or unusable to Tenant in the ordinary course of its business, and if such damage or destruction is not the result of the negligence or willful misconduct or omission of Tenant or Tenant's ’s Parties, Landlord may, at its option, upon written notice to Tenant within thirty (30) days after notice to Landlord of the occurrence of such damage or destruction, elect to repair or restore such damage or destruction, or Landlord may elect to terminate this Lease. If Landlord elects to repair or restore such damage or destruction, this Lease shall continue in full force and effect, but the Rent shall be proportionately reduced as provided in Paragraph 11.2(a). If Landlord elects to terminate this Lease, such termination shall be effective as of the date of the occurrence of such damage or destruction.

LOSS NOT COVERED BY INSURANCE. If, at any time prior to the expiration of the Term or prior termination of this Lease, the Premises or the Project Building are totally or partially damaged or destroyed from a risk, the loss to Landlord from which is not fully covered by insurance maintained by Landlord or for Landlord's ’s benefit, which damage renders the Premises inaccessible or unusable to Tenant in the ordinary course of its business, and if such damage or destruction is not the result of the negligence or willful misconduct or omission of Tenant or Tenant's Parties’s employees, Landlord may, at its option, upon written notice to Tenant within thirty (30) days after notice to Landlord of the occurrence of such damage or destruction, elect to repair or restore such damage or destruction, or Landlord may elect to terminate this Lease. If Landlord elects to repair or restore such damage or destruction, this Lease shall continue in full force and effect, effect but the Basic Monthly Rent shall be proportionately reduced as provided in Paragraph 11.2(aSection 5.01(a). If Landlord elects to terminate this Lease, such termination shall be effective as of the date of the occurrence of such damage or destruction.

LOSS NOT COVERED BY INSURANCE. If, at any time prior to the expiration or termination of this Lease, the Premises or the Project are Building or the Property is totally or partially damaged or destroyed from a riskcasualty, the which loss to Landlord from which Lessor is not fully covered (except for any deductible) by insurance maintained by Landlord Lessor or for LandlordLessor's benefit, and which damage renders the Premises inaccessible or unusable to Tenant Lessee in the ordinary course of its business, and if such damage or destruction is not the result of the negligence or willful misconduct or omission of Tenant or Tenant's Parties, Landlord Lessor may, at its option, upon written notice to Tenant Lessee within thirty sixty (3060) days after notice to Landlord Lessor of the occurrence of such damage or destruction, elect to repair or restore such damage or destruction, or Landlord Lessor may elect to terminate this LeaseLease (provided Lessor shall not be required to use said insurance proceeds, if any, for the purposes described in this Section 15.2). If Landlord Lessor elects to repair or restore such damage or destruction, this Lease shall continue in full force and effect, effect but the Rent Base Rental shall be proportionately reduced as provided in Paragraph 11.2(aSection 15.1(a). If Landlord elects Lessor does not elect by notice to terminate Lessee to repair or restore such damage, this Lease, such termination Lease shall be effective as of the date of the occurrence of such damage or destructionterminate.

LOSS NOT COVERED BY INSURANCE. If, If at any time prior to the expiration or termination of this Lease, the Premises or the Project are Building is totally or partially damaged or destroyed from a riskcasualty, the loss to Landlord from which is not fully covered by insurance maintained by Landlord or for Landlord's ’s benefit, which damage renders the Premises inaccessible or unusable to Tenant in the ordinary course of its business, and if such damage or destruction is not the result of the negligence or willful misconduct or omission of Tenant or Tenant's Parties, Landlord may, at its option, upon written notice to Tenant within thirty sixty (3060) days after notice to Landlord of the occurrence of such damage or of destruction, elect to repair or restore such damage or destruction, or Landlord may elect to terminate this Lease. If Landlord elects has elected to repair or restore such damage or destruction, this Landlord shall commence to make such repair as soon as reasonably possible and shall complete such repair as soon as reasonably possible, andthis Lease shall continue in full force and effect, effect but the Rent shall be proportionately reduced as provided in Paragraph 11.2(a). Section l3.113.1 (a) If Landlord elects does not elect by notice to terminate this Lease, such termination shall be effective as of the date of the occurrence of Tenant to repair such damage or destructionthe 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 Project are totally or partially damaged or destroyed from a risk, the loss to Landlord from which is not fully covered by insurance maintained by Landlord or for Landlord's benefit, which damage renders the Premises inaccessible or unusable to Tenant in the ordinary course of its business, and if such damage or destruction is not the result of the negligence or willful misconduct or omission of Tenant or Tenant's Parties, Landlord may, at its option, upon written notice to Tenant within thirty (30) days after notice to Landlord of the occurrence of such damage or destruction, elect to repair or restore such damage or destruction, or Landlord may elect to terminate this Lease. If Landlord elects to repair or restore such damage or destruction, this Lease shall continue in full force and effect, but the Rent shall be proportionately reduced as provided in Paragraph 11.2(a). If Landlord elects to terminate this Lease, such termination shall be he effective as of the date of the occurrence of such damage or destruction.