Obligations to Repair and Restore. If repair and restoration of --------------------------------------- the Demised Premises can be completed within the period specified in Section 10.2, in Landlord's reasonable estimation, or if neither Landlord nor Tenant terminate this Lease as provided in Sections 10.2 or 10.3, this Lease shall continue in full force and effect and Landlord shall proceed forthwith to cause the Demised Premises to be repaired and restored with reasonable diligence and there shall be abatement of Basic Rent and Additional Rent proportionate to the extent of the space and period of time that Tenant is unable to use and enjoy the Demised Premises. Landlord may, at its option, require Tenant to arrange for and supervise the repair and restoration of the Demised Premises, in which case Landlord shall furnish Tenant with the insurance proceeds for such repair and restoration at the time or times such funds are needed, provided such proceeds are sufficient to cover the costs of repair or restoration.
Obligations to Repair and Restore. In the event less than all or substantially all of the Premises are destroyed and repair and restoration of the Premises can, in Landlord's reasonable estimation, be completed within period specified in Section 10.2 then this Lease shall continue in full force and effect and Landlord shall proceed forthwith to cause the Premises to be repaired and restored to the extent of insurance proceeds actually received by Landlord, and there shall be an abatement of rent proportionate to the extent of the space and period of time that Tenant is unable to use and enjoy the Premises.
Obligations to Repair and Restore. In the event there are sufficient funds, and such funds are available to Landlord to repair and restore and repair of the Premises, and restoration can be completed within the period specified in Section 9.2, in Landlord's reasonable estimation, this Lease shall continue in full force and effect and Landlord shall proceed forthwith to cause the Premises to be repaired and restored with reasonable diligence and there shall be abatement of Base Rent and Additional Rent proportionate to the extent of the space and period of time that Tenant is unable to use and enjoy the Premises. Landlord may, at its option, require Tenant to arrange for and handle the repair and restoration of the Premises, in which case Landlord shall furnish Tenant with sufficient funds for such repair and restoration, at the time or times such funds are needed, utilizing any proceeds from insurance and any additional funds necessary to cover the costs of repair or restoration.
Obligations to Repair and Restore. If repair and restoration of the Demised Premises can be completed within the period specified in Section 9.2, in Landlord’s reasonable estimation, or if neither Landlord nor Tenant terminate this Lease as provided in Sections 9.2 or 9.3, then this Lease shall continue in full force and effect and Landlord shall proceed forthwith to cause the Demised Premises (including any improvements constructed by Landlord but excluding any alterations, improvements, Changes, fixtures and personal property constructed or owned by Tenant) to be repaired and restored with reasonable diligence and there shall be abatement of Basic Rent and Additional Rent proportionate to the extent of the space and period of time that Tenant is unable to use and enjoy the Demised Premises.
Obligations to Repair and Restore. If neither party terminates this Lease under Section 7.2, this Lease shall continue in full force and effect and Landlord shall proceed forthwith to cause the Premises to be repaired and restored with reasonable diligence unless, despite Landlord's use of all commercially reasonable efforts, the holder of any mortgage or deed of trust now or hereafter encumbering the Property will not allow the use of Casualty Insurance Proceeds for such repair or restoration. In such event, if Landlord, within three (3) days of such holder's refusal of allowance, does not provide written notice and reasonable assurances as required by Tenant that Landlord intends and has the financial resources to promptly complete such repairs and restoration then Tenant in its sole discretion may terminate the Lease by giving Landlord written notice and Tenant's obligations hereunder shall cease upon the date of its removal from the Premises.
Obligations to Repair and Restore. In the event neither Landlord nor Tenant exercises its option to terminate this Lease pursuant to the provisions of Section 8.2, this Lease shall continue in full force and effect and Landlord shall proceed forthwith to cause the Demised Premises to be repaired and restored with reasonable diligence and there shall be abatement of Basic Rent and Additional Rent proportionate to the extent of the space and period of time that Tenant is unable to use and enjoy the Demised Premises. Landlord may, at its option, require Tenant to arrange for and handle the repair and restoration of the Demised Premises, in which case Landlord shall furnish Tenant with sufficient funds for such repair and restoration, at the time or times such funds are needed, utilizing any proceeds from insurance and any additional funds necessary to cover the costs of repair or restoration.
Obligations to Repair and Restore. Upon receipt of Tenant’s Notice of Damage, this Lease shall continue in full force and effect and Landlord shall, to the extent of available insurance proceeds, proceed forthwith to cause the Demised Premises to be repaired and restored with reasonable diligence and there shall be abatement of Basic Rent and Additional Rent proportionate to the extent of the space and period of time that Tenant is unable to use and enjoy the Demised Premises (but only to the extent that Tenant has obtained at its expense rent loss insurance to fully reimburse Landlord for lost rent during such period). If insurance proceeds are insufficient to repair, rebuild or restore the Demised Premises (unless such insufficiency has been caused by the failure of any holder of a deed of trust or mortgage to make insurance proceeds available), Tenant shall be obligated to deposit with Landlord the balance of any funds required therefor, upon fifteen (15) days’ written notice. The plans and specifications for such work shall be subject to the prior approval of Tenant, which approval shall not be unreasonably withheld. Landlord covenants, as loss payee, under the casualty insurance for the Demised Premises, to make available insurance proceeds for the repair and restoration of the Demised Premises, and any holder of a deed of trust or mortgage on the Demised Premises must consent to the availability of insurance proceeds for repair or restoration.
Obligations to Repair and Restore. In the event there are sufficient funds, and such funds are available to Landlord to repair and restore and repair of the Premises, and restoration can be completed within the period specified in Section 9.2, in Landlord's reasonable estimation, this Lease shall continue in full force and effect and Landlord shall proceed forthwith to cause the Premises to be repaired and restored with reasonable diligence and there shall be abatement of Base Rent and Additional Rent proportionate to the extent of the space and period of time that Tenant is unable to use and enjoy the Premises.
Obligations to Repair and Restore. In the event there are sufficient funds, and such funds are available to Landlord to repair and restore and repair of the Premises, and restoration can be completed within the period specified in Section 9.2, in Landlord's reasonable estimation, this Lease shall continue in full force and effect and Landlord shall proceed forthwith to cause the Premises to be repaired and restored with reasonable diligence and there shall be abatement of Base Rent and Additional Rent proportionate to the extent of the space and period of time that Tenant is unable to use and enjoy the Premises. In the event of a full casualty, all Rents shall be abated during the period in which Landlord is restoring the Premises; and in the event of a partial casualty, all Rents shall be proportionally abated, unless such full or partial casualty is caused by the negligence or other wrongful act or omission of Tenant and is not covered by the insurance coverage which Landlord is required to maintain under this Lease, in which case Rent shall not xxxxx.
Obligations to Repair and Restore. If this Lease is not terminated by either City or Tenant pursuant to the foregoing provisions, this Lease shall continue in full force and effect and Tenant shall proceed forthwith to cause the Leased Premises to be repaired and restored with reasonable diligence and there shall be no abatement of rent for the period of time that Tenant is unable to use its Improvements.
