Common use of Partial Damage to Property Clause in Contracts

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 26 contracts

Samples: Activecare, Inc., Early Possession Agreement (Ashworth Inc), Lease Agreement (Antigua Enterprises Inc)

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Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b4.4(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 12 contracts

Samples: Doskocil Manufacturing Co Inc, Doskocil Manufacturing Co Inc, Doskocil Manufacturing Co Inc

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 6 contracts

Samples: Sublease (Modtech Holdings Inc), Estate Lease (Vitacost.com, Inc.), Lease (Isotis Sa)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the PropertyPremises. If the Property Premises is only partially damaged (i.e.meaning, less than fifty percent (50%) of the Property Premises is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) Section 4.4 are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) in its Section 7.1(b) notice to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 2 contracts

Samples: Work Letter Agreement (Ziprecruiter, Inc.), Work Letter Agreement (Ziprecruiter, Inc.)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or and less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph Section 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 2 contracts

Samples: Lease (99 Cents Only Stores), 99 Cents Only Store

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable unrenantable as a result of such damage or less than fifty percent (50%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but it is not required) to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 2 contracts

Samples: Industrial Lease Agreement, Industrial Real Estate Lease (Daystar Technologies Inc)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty forty percent (5040%) of the Property is untenantable as a result of such damage or less than fifty percent forty (5040%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 2 contracts

Samples: Saratoga Beverage Group Inc, Fresh Juice Co Inc

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the PropertyPremises. If the Property Premises is only partially damaged (i.e.meaning, less than fifty percent (50%) of the Property Premises is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) Section 4.04 are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 2 contracts

Samples: Office Lease (VectoIQ Acquisition Corp.), Office Lease (Insys Therapeutics, Inc.)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any material damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Lease Agreement (Pc Mall Inc)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty twenty percent (5020%) of the Property is untenantable as a result of such damage or less than fifty twenty percent (5020%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph Section 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (SP Holding CORP)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairsrepairs or if Tenant is willing to make up the difference, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Disturbance and Attornment Agreement (Skechers Usa Inc)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Except as otherwise set forth in this lease, Landlord may elect (but is not required) to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Isotis Inc)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's ’s operations are materially impaired) and if the proceeds received by the Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. possible Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, ’s fixtures equipment, or improvements.

Appears in 1 contract

Samples: Lease Agreement Between (Biolife Solutions Inc)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if it the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Newbridge Products Inc

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord Tenant from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, not sufficient to pay the entire cost of repair or if the cause of damage is not covered by the insurance policies under Paragraph 4.04(b), this Lease shall remain in effect and Landlord Tenant shall repair the damage as soon as reasonably possible. If Tenant fails to repair, all proceeds of insurance shall be payable to Landlord and Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvementsthe damage.

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Real Estate (Samsonite Corp/Fl)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are (Single-Tenant Net Form) 10 sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Natural Nutrition Group Inc

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., i.e. less than fifty percent fifth (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations operation are materially impairedinpaired) and if the proceeds received by the Landlord from the insurance policies described in describedin Paragraph 4.04(b4.04 (b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvementsimprovemants.

Appears in 1 contract

Samples: Fun City Popcorn Inc

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.. Initials: ________________ ________________

Appears in 1 contract

Samples: Hot Topic Inc /Ca/

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent twenty-five (5025%) of the Property is untenantable as a result of such damage or less than fifty twenty-five percent (5025%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible, but not to exceed 3 months. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Clearone Communications Inc

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon Tenant's learning of the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage), and such damage or less than fifty percent can reasonably be repaired within one hundred eighty (50%180) days of Tenant's operations are materially impaired) the date of casualty and if Landlord's lender makes available for rebuilding the proceeds received by Landlord from of the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs), this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Lease Agreement (Homegrocer Com Inc)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) impaired and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Iomega Corp

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph Section 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Lease Agreement (Blucora, Inc.)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b4.04 (b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Liquidity Services Inc

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Premises or Property. If the Premises or Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph Section 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Lease Agreement (Hydro Environmental Resources Inc)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty twenty-five percent (50%) 25% of the Property is untenantable as a result of such damage or less than fifty twenty-five percent (5025%) of Tenant's operations are materially impaired) and if the proceeds to be received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Viasat Inc

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property Building is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph Section 4.04(b) are or will be sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Lease Agreement (West Marine Inc)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's Tenants operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(bSection 4.05(b) are sufficient to pay for the necessary --------------- repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Tenant Estoppel (G&l Realty Corp)

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Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable unrenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any ahy damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Office Lease (Open Energy Corp)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Except as otherwise set forth in this Lease, Landlord may elect (but is not required) to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Industrial Real Estate Lease (SeaSpine Holdings Corp)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Propertyproperty. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Source Interlink Companies Inc

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any material damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) It shall be Tenant's responsibility to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Carrington Laboratories Inc /Tx/

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) impaired and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements, and Tenant shall pay Landlord the "deductible" amount under the Landlord's insurance policies.

Appears in 1 contract

Samples: Full Line Distributors Inc

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's ’s operations are materially impaired) and if the proceeds actually received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.within nine

Appears in 1 contract

Samples: Industrial Real Estate Lease (Dicks Sporting Goods Inc)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) 4.03 are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Assignment, Assumption and Consent Agreement (FNB Bancorp/Ca/)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty twenty-five percent (5025%) of the Property is untenantable as a result of such damage or less than fifty twenty-five percent (5025%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph Section 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Lease Agreement (Corgenix Medical Corp/Co)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph Paragraphs 4.04(b) are sufficient to pay for the necessary repairs, this the Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Lease Agreement (Luminex Lighting Inc)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b4.04(b)(3) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Sanctuary Woods Multimedia Corp

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Gametech International Inc

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the PropertyPremises. If the Property Premises is only partially damaged (i.e., less than fifty twenty-five percent (5025%) of the Property Premises is untenantable as a result of such damage or less than fifty twenty-five percent (5025%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph Subsection 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (elect, but is not required) , to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (MJ Holdings, Inc.)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the PropertyPremises. If the Property Premises is only partially damaged (i.e., less than fifty twenty-five percent (5025%) of the Property Premises is untenantable as a result of such damage or less than fifty twenty-five percent (5025%) of Tenant's ’s operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) Subsection are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (elect, but is not required) , to repair any damage to Tenant's ’s fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Lease Agreement (MJ Holdings, Inc.)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged damages (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Wade Cook Financial Corp

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. Property If the Property is only partially pally damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord Landlord' from the insurance policies described in Paragraph Paragraph' 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as a reasonably possible. possible Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Guaranty of Lease (Avalanche International, Corp.)

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%)) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b) plus the amount of any deductible are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably reasohably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Alibris Inc

Partial Damage to Property. (a) Tenant shall notify Landlord in ins writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04(b4.04 (b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage as soon as reasonably possible. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements.

Appears in 1 contract

Samples: Intellisys Group Inc

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