Common use of Major Damage to Premises Clause in Contracts

Major Damage to Premises. If all or part of the Premises are rendered untenantable by damage from fire or other casualty which, in the reasonable opinion of an architect acceptable to Landlord and Tenant, cannot be substantially repaired under applicable laws and governmental regulations within 180 days from the date of such casualty (employing normal construction methods without overtime or other premium), then either Landlord or Tenant may elect to terminate this Lease as of the date of such casualty by notice delivered to the other not more than 10 days after receipt of such Architect's opinion, failing which Landlord shall forthwith at its own expense repair such damage other than damage to improvements, furniture, chattels or trade fixtures which do not belong to Landlord.

Appears in 2 contracts

Samples: Webgain Inc, Webgain Inc

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Major Damage to Premises. If all or part of the Premises are rendered untenantable by damage from fire or other casualty whether to the Premises or the Building which, in the reasonable opinion of an architect acceptable to Landlord and Tenantthe Architect, cannot be substantially repaired under applicable laws and governmental regulations within 180 270 days from the date of such casualty (employing normal construction methods without overtime or other premium), then either Landlord or Tenant may elect to terminate this Lease as of the date of such casualty by notice delivered to the other not more than 10 working days after receipt of such the Architect's ’s opinion, failing which which, Landlord shall forthwith at its own expense expense, repair such damage other than exclusive of damage to improvements, furniture, chattels or trade fixtures which do not belong to LandlordTenant’s Property.

Appears in 2 contracts

Samples: Lease Extension Agreement, Lease (Tekmira Pharmaceuticals Corp)

Major Damage to Premises. If all or part of the Premises are rendered untenantable by damage from fire or other casualty whether to the Premises, the Building, or the Project which, in the reasonable opinion of an architect acceptable to Landlord and Tenantthe Architect, cannot be substantially repaired under applicable laws and governmental regulations within 180 days from the date of such casualty (employing normal construction methods without overtime or other premium), then either Landlord or Tenant may elect to terminate this Lease as of the date of such casualty by notice delivered to the other not more than 10 working days after receipt of such the Architect's opinion, failing which which, Landlord shall forthwith at its own expense expense, repair such damage other than damage to improvements, furniture, chattels or trade fixtures which do not belong to LandlordTenant's Property.

Appears in 1 contract

Samples: Rabatco Inc

Major Damage to Premises. If all or part of the Premises are rendered untenantable by damage from fire or other casualty whichWhich, in the reasonable opinion of an architect acceptable to Landlord and Tenant, cannot be substantially repaired under applicable laws and governmental regulations within 180 270 days from the date of such casualty (employing normal construction methods without overtime or other premium), then either Landlord or Tenant may elect to terminate this Lease as of the date of such casualty by written notice delivered to the other not more than 10 30 days after receipt of such Architect's architect’s opinion, failing which Landlord shall forthwith at its own expense repair such damage other than any and all damage to improvements, furniture, chattels or the Building to the extent set forth in Article 16.01 and Tenant shall repair at its expense all damage to other improvements and fixtures in the Premises and to Tenant’s trade fixtures which do not belong to Landlordand personal property.

Appears in 1 contract

Samples: Lease of Office Space (KBS Real Estate Investment Trust III, Inc.)

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Major Damage to Premises. If all or part of the Premises are rendered untenantable by damage from fire or other casualty which, in the reasonable opinion of an architect acceptable to Landlord and Tenantthe Landlord’s Architect, cannot be substantially repaired under applicable laws and governmental regulations within 180 one hundred and eighty (180) days from the date of such casualty (employing normal construction methods without overtime or other premium), then either the Landlord or the Tenant may elect to terminate this Lease as of the date of such casualty by written notice delivered to the other not more than 10 ten (10) days after receipt of such the Landlord’s Architect's ’s opinion, failing which the Landlord or the Tenant, as the case may be, according to the nature of the damage and their respective obligations under this Lease, shall forthwith at its own expense repair such damage other than damage to improvements, furniture, chattels or trade fixtures which do not belong to Landlordwith all reasonable diligence.

Appears in 1 contract

Samples: Office Lease (Lululemon Corp.)

Major Damage to Premises. If all or part of the Premises are rendered untenantable by damage from fire or other casualty which, in the reasonable opinion of an architect acceptable to Landlord and Tenant, cannot be substantially repaired under applicable laws and governmental regulations within 180 days from the date of such casualty (employing normal construction methods without overtime or other premium), then either Landlord or Tenant may elect to terminate this Lease as of the date of such casualty by written notice delivered to the other not more than 10 days after receipt of such Architect's opinion, failing which the Landlord or the Tenant, as the case may be, according to the nature of the damage and their respective obligations under this Lease, shall forthwith at its own expense repair such damage other than damage to improvements, furniture, chattels or trade fixtures which do not belong to Landlordwith all reasonable diligence.

Appears in 1 contract

Samples: Securac Corp

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