Common use of Loss or Destruction Clause in Contracts

Loss or Destruction. Pursuant to a Stock Purchase Agreement dated October 29, 2007, having an Effective Date as defined in said Stock Purchase Agreement (“Purchase Agreement”), VCG will purchase the building currently erected on the Leased Premises. Should the building be destroyed or damaged by fire or other disaster, Tenant shall have the option as follows: a. rebuild the building in a quality and manner at least as good as the quality and manner of the building as of the Effective Date of the Purchase Agreement. The work of repair or restoration, which shall be completed with due diligence, shall be commenced within a reasonable time after the damage or loss occurs; or b. pay the insurance proceeds received for the destruction or loss of the building to Landlord, unless Tenant shall exercise the options contained in Article IV hereof. Neither Monthly Rent nor any other rental hereunder shall xxxxx while the Improvements are being repaired or restored; provided, however, in the event the Leased Premises cannot be used for the operation of the business due to the extent of the loss or destruction there shall be a 120 day abatement in Monthly Rent due under the :Lease and there shall be a corresponding extension of the lease term not to exceed four (4) months.

Loss or Destruction. Pursuant to a Stock Purchase Agreement dated October 2926, 2007, having an Effective Date as defined in said Stock Purchase Agreement (“Purchase Agreement”), VCG will purchase the building currently erected on the Leased Premises. Should the building be destroyed or damaged by fire or other disaster, Tenant shall have the option as follows: a. rebuild the building in a quality and manner at least as good as the quality and manner of the building as of the Effective Date of the Purchase Agreement. The work of repair or restoration, which shall be completed with due diligence, shall be commenced within a reasonable time after the damage or loss occurs; or b. pay the insurance proceeds received for the destruction or loss of the building to Landlord, unless Tenant shall exercise the options contained in Article IV hereof. Neither Monthly Rent nor any other rental hereunder shall xxxxx while the Improvements are being repaired or restored; provided, however, in the event the Leased Premises cannot be used for the operation of the business due to the extent of the loss or destruction there shall be a 120 day abatement in Monthly Rent due under the :Lease and there shall be a corresponding extension of the lease term not to exceed four (4) months.

Loss or Destruction. Pursuant to a Stock Purchase of Membership Interest Agreement dated October 29the September 17, 2007, having an Effective Date as defined in said Stock Purchase Agreement 2007 (“Purchase Agreement”), VCG will purchase has purchased the building currently erected on the Leased Premises. Should the building be destroyed or damaged by fire or other disaster, Tenant shall have the option as follows: a. rebuild the building in a quality and manner at least as good as the quality and manner of the building as of the Effective Date date of Closing of the Purchase Agreement. The work of o1 repair or restoration, which shall be completed with due diligence, shall be commenced within a reasonable time after the damage or loss occurs; or b. pay the insurance proceeds received for the destruction or loss of the building to Landlord, unless Tenant shall exercise the options contained in Article IV hereof. Neither Monthly Rent nor any other rental hereunder shall xxxxx while the Improvements are being repaired or restored; provided, however, in the event the Leased Premises leased premises cannot be used for the operation of the business due to the extent of the loss or destruction there shall be a 120 day abatement in Monthly Rent monthly rent due under the :Lease lease and there shall be a corresponding extension of the lease term not to exceed four (4) months.

Loss or Destruction. Pursuant to a Stock an Asset Purchase Agreement dated October 29July 16, 2007, having an Effective Date as defined in said Stock Purchase Agreement 2010 (“Purchase Agreement”), VCG will purchase RCI has purchased the building currently erected on the Leased Premises. Should the building be destroyed or damaged by fire or other disaster, Tenant shall have the option as follows: a. rebuild the building in a quality and manner at least as good as the quality and manner of the building as of the Effective Date date of Closing of the Purchase Agreement. The work of repair or restoration, which shall be completed with due diligence, shall be commenced within a reasonable time after the damage or loss occurs; or b. pay the insurance proceeds received for the destruction or loss of the building to Landlord, unless Tenant shall exercise the options contained in Article IV hereof. Neither Monthly Rent nor any other rental hereunder shall xxxxx while the Improvements are being repaired or restored; provided, however, in the event the Leased Premises leased premises cannot be used for the operation of the business due to the extent of the loss or destruction there shall be a 120 day abatement in Monthly Rent monthly rent due under the :Lease lease and there shall be a corresponding extension of the lease term not to exceed four (4) months.