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 Building is totally or partially damaged or destroyed from a risk, the loss to Landlord from which is not fully covered by insurance maintained or required to be maintained by Landlord or for Landlord’s benefit, Landlord may, at its option, upon written notice to Tenant within forty-five (45) 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 Section 12.2(a).

LOSS NOT COVERED BY INSURANCE. If, at any time prior to the expiration or termination of this Lease, the Building is totally or partially damaged or destroyed from a risk, the loss to Landlord Tenant from which is not fully covered by insurance maintained or required by Tenant pursuant to be maintained by Landlord or for Landlord’s benefitSection 13.1.2 hereof, without regard to any deductible amount with respect to such insurance, Landlord may, at its option, upon written notice to Tenant within forty-five sixty (4560) 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 Section 12.2(a10.2(a).

LOSS NOT COVERED BY INSURANCE. If, at any time prior to the expiration or termination of this Lease, the Building is totally or partially damaged or destroyed from a risk, the loss to Landlord from which is not fully (exclusive of any deductible) covered by insurance maintained or required to be maintained by Landlord or for Landlord’s 's benefit, Landlord may, at its option, upon written notice to Tenant within forty-five thirty (4530) 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 destructiondestruction and such repair and restoration can be completed within ninety (90) days, this Lease shall continue in full force and effect, but the Rent shall be proportionately reduced as provided in Section 12.2(a).