Common use of Partial Damage to Property Clause in Contracts

Partial Damage to Property. Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04

Appears in 6 contracts

Samples: Lease Agreement (Valley Media Inc), Industrial Real Estate Lease (Nebraska Book Co), Industrial Real Estate Lease (NBC Acquisition Corp)

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Partial Damage to Property. Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged and and, subject to the rights of any mortgagee in such insurance proceeds, if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04

Appears in 1 contract

Samples: Industrial Real Estate Lease (Multiple Zones International Inc)

Partial Damage to Property. 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

Appears in 1 contract

Samples: Lease Agreement (Pc Mall Inc)

Partial Damage to Property. Tenant shall notify Landlord in ----------------------------------------- writing immediately upon the occurrence of any damage to the PropertyPremises. For purposes of this Lease, partial damage shall be defined to include destruction of or damage to the Premises, the repair of which would cost 33-1/3% or less of the replacement cost. If the Property is Premises are only partially damaged and if the proceeds received by Landlord from the insurance policies described in Paragraph 4.04

Appears in 1 contract

Samples: Standard Single Tenant Center Lease (Applied Micro Circuits Corp)

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Partial Damage to Property. 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

Appears in 1 contract

Samples: Industrial Real Estate Lease (Service 1st Bancorp)

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