Common use of PARTIAL AND TOTAL DESTRUCTION OF THE PREMISES Clause in Contracts

PARTIAL AND TOTAL DESTRUCTION OF THE PREMISES. In the event any part or all of the Premises shall at any time during the term of this Lease be damaged or destroyed, regardless of cause, Tenant shall give prompt notice to Landlord. Tenant shall repair and restore all of the Premises to their original condition, including buildings and all other improvements, as soon as circumstances permit or in Tenant’s reasonable discretion demolish and clear the improvements damaged so that the Premises is in a safe and clean condition. Tenant shall hold Landlord free and harmless from any and all liability resulting from such repairs and restoration. Tenant shall pay for any cost of repair or restoration in excess of the available insurance proceeds. Tenant is not entitled to any rent abatement during or resulting from any disturbance on or partial or total destruction of the Premises.

Appears in 2 contracts

Samples: Commercial Ground Lease (Palace Entertainment Holdings, Inc.), Palace Entertainment Holdings, Inc.

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PARTIAL AND TOTAL DESTRUCTION OF THE PREMISES. In the event any part or all of the Premises shall at any time during the term of this Lease be damaged or destroyed, regardless of cause, Tenant shall give prompt notice to Landlord. Tenant shall repair and restore all of the Premises to their its original condition, including buildings and all other improvementsimprovements on the Premises, as soon as circumstances permit or in Tenant’s reasonable discretion demolish and clear the improvements damaged so that the Premises is in a safe and clean conditionpermit. Tenant shall hold Landlord free and harmless from any and all liability of any nature whatsoever resulting from such damage or destruction, and such repairs and restoration. Tenant Tenant, and not Landlord, shall pay be responsible for paying for any cost of repair or repairs and restoration in excess of the proceeds available from insurance proceedspolicies procured by Tenant. Tenant is not entitled to any rent abatement during or resulting from any disturbance on or partial or total destruction of the Premises.

Appears in 1 contract

Samples: Palace Entertainment Holdings, Inc.

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PARTIAL AND TOTAL DESTRUCTION OF THE PREMISES. In the event any part or all of the Premises shall at any time during the term of this Lease be damaged or destroyed, regardless of cause, Tenant shall give prompt notice to Landlord. Tenant shall repair and restore all of the Premises to their original condition, including buildings and all other improvements, as soon as circumstances permit or in Tenant’s reasonable discretion demolish and clear the improvements damaged so that the Premises is in a safe and clean condition. Tenant shall hold Landlord free and harmless from any and all liability resulting from such repairs and restoration. Tenant shall pay for any cost of repair or restoration in excess of the available insurance proceeds. Tenant is not entitled to any rent abatement during or resulting from any disturbance on or partial or total destruction of the Premises.

Appears in 1 contract

Samples: Commercial Ground Lease (Palace Entertainment Holdings, Inc.)

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