Common use of Partial Damage - Insured Clause in Contracts

Partial Damage - Insured. If the Premises or the Building are damaged by any casualty which is covered under the “All-Risk” insurance carried by Landlord pursuant to Paragraph 23.C., then Landlord shall restore the damage, provided insurance proceeds are available to pay the full cost of restoration and provided such restoration can be completed within one hundred eighty (180) days after the commencement of the work in the reasonable opinion of Landlord. In such event this Lease shall continue in full force and effect, except that Tenant shall be entitled to a proportionate reduction of Monthly Rent while such restoration for which Landlord is obligated hereunder takes place, such proportionate reduction to be based upon the extent to which the damage and restoration efforts interfere with Tenant’s use of the Premises.

Appears in 3 contracts

Samples: Office Lease Agreement, Office Lease Agreement (Geron Corp), Office Lease Agreement (Geron Corp)

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Partial Damage - Insured. If the Premises or the Building are damaged by any casualty which is a risk covered under the “All-Risk” fire and extended coverage insurance carried by Landlord pursuant to Paragraph 23.C.insuring Landlord, then Landlord shall restore the damage, such damage provided insurance proceeds are available to Landlord to pay ninety percent (90%) or more of the full cost of restoration restoration, and provided such restoration by Landlord can be completed within one hundred eighty eight (180) days 8) months after the commencement of the work in the reasonable opinion of a licensed architect or engineer appointed by Landlord. In such event this Lease shall continue in full force and effect, except that Tenant shall shall, so long as the damage is not due to the act or omission of Tenant, be entitled to a proportionate an equitable reduction of Monthly Base Rent and Tenant's Share of Excess Building Operating Costs while such restoration for which Landlord is obligated hereunder takes place, such proportionate reduction to be based upon the extent to which the damage and or restoration efforts materially interfere with Tenant’s 's use of the Premises.

Appears in 3 contracts

Samples: Office Lease (Geac Computer Corp LTD), Office Lease (U S Wireless Data Inc), Office Lease (Extensity Inc)

Partial Damage - Insured. If the Premises Premises, Building or the Building Common Area are damaged by any casualty which is a risk covered under the “All-Risk” fire and extended coverage insurance carried by Landlord pursuant to Paragraph 23.C.protecting Landlord, then Landlord shall restore the damage, such damage provided insurance proceeds are available to Landlord to pay eighty percent (80%) or more of the full cost of restoration restoration, and provided such restoration by Landlord can be completed within one hundred eighty six (1806) days months after the commencement of the work work, in the reasonable opinion of a registered architect or engineer appointed by Landlord. In such event this Lease shall continue in full force and effecteffect so long as the Premises can be used by Tenant, except that Tenant shall shall, so long as the damage is not due to the act or omission of Tenant, be entitled to a proportionate an equitable reduction of Monthly Rent and Expenses while such restoration for which Landlord is obligated hereunder takes place, such proportionate reduction to be based upon the extent to which the damage and the restoration efforts directly and materially interfere with Tenant’s 's use of the Premises.

Appears in 2 contracts

Samples: Office Lease (Isocor), Office Lease (Trimark Holdings Inc)

Partial Damage - Insured. If the Premises or the Building are damaged by any casualty which is covered under the “All-RiskAll‑Risk” insurance carried by Landlord pursuant to Paragraph 23.C., then Landlord shall restore the damage, provided insurance proceeds are available to pay the full cost of restoration and provided such restoration can be completed within one hundred eighty (180) days after the commencement of the work in the reasonable opinion of Landlord. In such event this Lease shall continue in full force and effect, except that Tenant shall be entitled to a proportionate reduction of Monthly Rent while such restoration for which Landlord is obligated hereunder takes place, such proportionate reduction to be based upon the extent to which the damage and restoration efforts interfere with Tenant’s use of the Premises.

Appears in 1 contract

Samples: Office Lease Agreement (Corcept Therapeutics Inc)

Partial Damage - Insured. If the Premises or the Building are damaged by any casualty which is a risk covered under the “All-Risk” fire and extended coverage insurance carried by Landlord pursuant to Paragraph 23.C.insuring Landlord, then Landlord shall restore the damage, such damage provided insurance proceeds are available to Landlord to pay eighty percent (80%) or more of the full cost of restoration restoration, and provided such restoration by Landlord can be completed within one hundred eighty eight (180) days 8) months after the commencement of the work in the reasonable opinion of a licensed architect or engineer appointed by Landlord. In such event this Lease shall continue in full force and effect, except that Tenant shall shall, so long as the damage is not due to the act or omission of Tenant, be entitled to a proportionate an equitable reduction of Monthly Base Rent and Tenant's Share of Building Operating Costs while such restoration for which Landlord is obligated hereunder takes place, such proportionate reduction to be based upon the extent to which the damage and or restoration efforts materially interfere with Tenant’s 's use of the Premises.

Appears in 1 contract

Samples: Office Lease (Kindred Biosciences, Inc.)

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Partial Damage - Insured. If the Premises or the Building are damaged by any casualty which is a risk covered under the “All-Risk” fire and extended coverage insurance carried by Landlord pursuant to Paragraph 23.C.insuring Landlord, then Landlord shall restore the damage, such damage provided insurance proceeds are available to Landlord to pay ninety percent (90%) or more of the full cost of restoration restoration, and provided such restoration by Landlord can be completed within one hundred eighty eight (180) days 8) months after the commencement of the work in the reasonable opinion of a licensed architect or engineer appointed by Landlord. In 1n such event this Lease shall continue in full force and effect, except that Tenant shall shall, so long as the damage is not due to the act or omission of Tenant, be entitled to a proportionate an equitable reduction of Monthly Bass Rent and Tenant's Share of Increased Operating Costs while such restoration for which Landlord is obligated hereunder takes place, such proportionate reduction to be based upon the extent to which the damage and or restoration efforts materially interfere with Tenant’s Xxxxxx's use of the Premises.

Appears in 1 contract

Samples: Office Lease Agreement (Siebel Systems Inc)

Partial Damage - Insured. If the Demised Premises or the Building are damaged by any casualty which is a risk covered under the “All-Risk” fire and extended coverage insurance carried by Landlord pursuant to Paragraph 23.C.protecting Landlord, then Landlord shall restore the damage, such damage provided insurance proceeds are available to Landlord to pay one hundred percent (100%) of the full cost of restoration restoration, and provided such restoration by Landlord can be completed within one hundred eighty six (1806) days months after the commencement of the work work, in the reasonable opinion of a registered architect or engineer appointed by Landlord. In such event this Lease shall continue in full force and effect, except that Tenant shall shall, so long as the damage is not due to the act or omission of Tenant, be entitled to a proportionate an equitable reduction of Monthly Rent while such restoration for which Landlord is obligated hereunder takes place, such proportionate reduction to be based upon the extent to which the damage and the restoration efforts materially interfere with Tenant’s use of 's business in the Demised Premises.

Appears in 1 contract

Samples: Lease Agreement (Greenman Technologies Inc)

Partial Damage - Insured. If the Premises or the Building are damaged by any casualty which is a risk covered under the “All-Risk” fire and extended coverage insurance carried by Landlord pursuant to Paragraph 23.C.insuring Landlord, 25 EXHIBIT 10.1 then Landlord shall restore the damage, such damage provided insurance proceeds are available to Landlord to pay eighty percent (80%) or more of the full cost of restoration restoration, and provided such restoration by Landlord can be completed within one hundred eighty eight (180) days 8) months after the commencement of the work in the reasonable opinion of a licensed architect or engineer appointed by Landlord. In such event this Lease shall continue in full force and effect, except that Tenant shall shall, so long as the damage is not due to the act or omission of Tenant, be entitled to a proportionate an equitable reduction of Monthly Base Rent and Tenant's Share of Building Operating Costs while such restoration for which Landlord is obligated hereunder takes place, such proportionate reduction to be based upon the extent to which the damage and or restoration efforts materially interfere with Tenant’s 's use of the Premises.

Appears in 1 contract

Samples: Office Lease

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