Common use of Partial Damage - Insured Clause in Contracts

Partial Damage - Insured. If the Premises or the Building are damaged by a risk covered under fire and extended coverage insurance insuring Landlord, then Landlord shall restore such damage provided insurance proceeds are available to Landlord to pay ninety percent (90%) or more of the cost of restoration, and provided such restoration by Landlord can be completed within eight (8) months after the commencement of work in the 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, so long as the damage is not due to the act or omission of Tenant, be entitled to an equitable reduction of Base Rent and Tenant's Share of Excess Building Operating Costs while such restoration takes place, such reduction to be based upon the extent to which the damage or restoration efforts materially interfere with Tenant's use of the Premises.

Appears in 3 contracts

Samples: 1 (Extensity Inc), Expansion Agreement (Geac Computer Corp LTD), Office Lease (U S Wireless Data Inc)

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Partial Damage - Insured. If the Premises or the Building are damaged by a risk any casualty which is covered under fire and extended coverage the “All-Risk” insurance insuring Landlordcarried by Landlord pursuant to Paragraph 23.C., then Landlord shall restore such damage the 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 eight one hundred eighty (8) months 180) days 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, so long as the damage is not due to the act or omission of Tenant, shall be entitled to an equitable a proportionate reduction of Base Monthly 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 or and restoration efforts materially interfere with Tenant's ’s use of the Premises.

Appears in 3 contracts

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

Partial Damage - Insured. If the Premises Premises, Building or the Building Common Area are damaged by a risk covered under fire and extended coverage insurance insuring protecting Landlord, then Landlord shall restore such damage provided insurance proceeds are available to Landlord to pay ninety eighty percent (9080%) or more of the cost of restoration, and provided such restoration by Landlord can be completed within eight six (8) 6) months after the commencement of work work, in the opinion of a licensed 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, so long as the damage is not due to the act or omission of Tenant, be entitled to an equitable reduction of Base Rent and Tenant's Share of Excess Building Operating Costs Expenses while such restoration takes place, such reduction to be based upon the extent to which the damage or and the restoration efforts directly and materially interfere with Tenant's use of the Premises.

Appears in 2 contracts

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

Partial Damage - Insured. If the Premises or the Building are damaged by a risk covered under fire and extended coverage insurance insuring Landlord, 25 EXHIBIT 10.1 then Landlord shall restore such damage provided insurance proceeds are available to Landlord to pay ninety eighty percent (9080%) or more of the cost of restoration, and provided such restoration by Landlord can be completed within eight (8) months after the commencement of work in the 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, so long as the damage is not due to the act or omission of Tenant, be entitled to an equitable reduction of Base Rent and Tenant's Share of Excess Building Operating Costs while such restoration takes place, such reduction to be based upon the extent to which the damage or restoration efforts materially interfere with Tenant's use of the Premises.. 22.2

Appears in 1 contract

Samples: www.sec.gov

Partial Damage - Insured. If the Premises or the Building are damaged by a risk covered under fire and extended coverage insurance insuring Landlord, then Landlord shall restore such damage provided insurance proceeds are available to Landlord to pay ninety percent (90%) or more of the cost of restoration, and provided such restoration by Landlord can be completed within eight (8) months after the commencement of work in the 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, so long as the damage is not due to the act or omission of Tenant, be entitled to an equitable reduction of Base Bass Rent and Tenant's Share of Excess Building Increased Operating Costs while such restoration takes place, such reduction to be based upon the extent to which the damage or restoration efforts materially interfere with TenantXxxxxx's use of the Premises.

Appears in 1 contract

Samples: Watergate Office Lease (Siebel Systems Inc)

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Partial Damage - Insured. If the Premises or the Building are damaged by a risk covered under fire and extended coverage insurance insuring Landlord, EXHIBIT 10.1 then Landlord shall restore such damage provided insurance proceeds are available to Landlord to pay ninety eighty percent (9080%) or more of the cost of restoration, and provided such restoration by Landlord can be completed within eight (8) months after the commencement of work in the 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, so long as the damage is not due to the act or omission of Tenant, be entitled to an equitable reduction of Base Rent and Tenant's Share of Excess Building Operating Costs while such restoration takes place, such reduction to be based upon the extent to which the damage or restoration efforts materially interfere with Tenant's use of the Premises.

Appears in 1 contract

Samples: Kindred Biosciences, Inc.

Partial Damage - Insured. If the Demised Premises or the Building are damaged by a risk covered under fire and extended coverage insurance insuring protecting Landlord, then Landlord shall restore such damage provided insurance proceeds are available to Landlord to pay ninety one hundred percent (90100%) or more of the cost of restoration, and provided such restoration by Landlord can be completed within eight six (8) 6) months after the commencement of work work, in the opinion of a licensed registered architect or engineer appointed by Landlord. In such event this Lease shall continue in full force and effect, except that Tenant shall, so long as the damage is not due to the act or omission of Tenant, be entitled to an equitable reduction of Base Rent and Tenant's Share of Excess Building Operating Costs while such restoration takes place, such reduction to be based upon the extent to which the damage or and the restoration efforts materially interfere with Tenant's use of business in the Demised Premises.

Appears in 1 contract

Samples: Lease (Greenman Technologies Inc)

Partial Damage - Insured. If the Premises or the Building are damaged by a risk any casualty which is covered under fire and extended coverage the “All‑Risk” insurance insuring Landlordcarried by Landlord pursuant to Paragraph 23.C., then Landlord shall restore such damage the 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 eight one hundred eighty (8) months 180) days 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, so long as the damage is not due to the act or omission of Tenant, shall be entitled to an equitable a proportionate reduction of Base Monthly 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 or and restoration efforts materially interfere with Tenant's ’s use of the Premises.

Appears in 1 contract

Samples: Office Lease Agreement (Corcept Therapeutics Inc)

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