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.
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Samples: Lease (Carrier Access Corp)
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 ’s reasonable estimation, or if neither Landlord nor Tenant terminate this Lease as provided in Sections 10.2 or 10.3103, 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 an abatement of Basic Rent and Additional Rent proportionate to the extent of the space and period of time that Tenant Xxxxxx 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 that such proceeds are sufficient to cover the costs of repair or restoration.,
Appears in 1 contract
Samples: Lease (Insmed Inc)
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 ’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 an abatement of Basic Rent and Additional Rent proportionate to the extent of the space and period of time that Tenant Xxxxxx 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 that such proceeds are sufficient to cover the costs of repair or restoration.
Appears in 1 contract
Samples: Lease (Insmed Inc)
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.
Appears in 1 contract
Samples: Lease (Spectralink Corp)
Obligations to Repair and Restore. If In the event repair --------------------------------- and restoration of --------------------------------------- the Demised Premises can be completed within the period specified in Section 10.29.2, 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 diligence, and there shall be abatement of Basic Rent and Additional in Rent proportionate in that proportion to which the extent of the space and period of time that Tenant is unable to use and enjoy the Demised PremisesPremises bears to the total space leased by Tenant and to the Lease Term. Landlord may, at its option, require Tenant to arrange for and supervise handle the repair and restoration of the Demised Premises, in which case Landlord shall furnish Tenant with the insurance proceeds sufficient funds for such repair and restoration restoration, at the time or times such funds are needed, provided such utilizing any proceeds are sufficient from insurance and any additional funds necessary to cover the costs of repair or restoration.
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