Partial Destruction of Premises. Partial destruction of the demised premises shall not render this lease agreement void or voidable, nor terminate it except as specifically provided in this lease agreement. If the demised premises are partially destroyed during the term of this lease agreement, lessor shall repair them when such repairs can be made in conformity with governmental laws and regulations, within thirty days of the partial destruction. Written notice of the intention of lessor to repair shall be given to lessee within ten days after any partial destruction. Rent will be reduced proportionately to the extent to which the repair operations interfere with the business conducted on the demised premises by lessee. If the repairs cannot be made within the time specified above, lessor shall have the option to make them within a reasonable time and continue this lease agreement in effect with proportional rent rebate to lessee as provided for in this lease agreement. If the repairs cannot be made in thirty days, and if lessor does not elect to make them within a reasonable time, either party shall have the option to terminate this lease agreement.
Appears in 4 contracts
Samples: Lease Agreement (American Post Tension, Inc.), Lease Agreement (American Post Tension, Inc.), Lease Agreement (American Post Tension, Inc.)
Partial Destruction of Premises. A. Partial destruction of the demised leased premises shall not render this lease agreement Lease void or voidable, nor or terminate it except as specifically provided in this lease agreementherein provided. Lessee hereby waives any rights it may have under Civil Code Section 1932(2) and ss.1933(4).
B. If the demised premises are partially destroyed during the term of this lease agreementLease, lessor Lessor shall repair them when such if the repairs can be made within one hundred twenty (120) days of the date of destruction in conformity with governmental local, state, and federal laws and regulations, within thirty days of the partial destruction. Written notice of the intention of lessor to repair shall be given to lessee within ten days after any partial destruction. Rent for the premises will be reduced proportionately proportionally to the extent to which that (1) the repair operations interfere with the business conducted normal conduct of Lessxx'x xusiness on the demised premises by lesseeor (2) if, in Lessee's reasonable judgment, the premises cannot be used for Lessee's normal business purpose. If the repairs cannot be made within the time specified aboveone hundred twenty (120) days, lessor shall have Lessor has the option to make them within a reasonable time and continue this lease agreement Lease in effect with proportional rent rebate to lessee Lessee as provided for in this lease agreementherein. If the repairs cannot reasonably be made in thirty one hundred twenty (120) days, and if lessor does Lessxx xxxs not elect make an election to make perform them within a reasonable time, either party shall Lessor or Lessee have the option to terminate this lease agreementLease. However, if the building in which the leased premises are located is more than one-third (1/3) destroyed, Lessor or Lessee may at its option terminate the Lease.
Appears in 1 contract
Samples: Lease (Media Metrix Inc)
Partial Destruction of Premises. Partial destruction of the demised premises Premises shall not render this lease agreement Lease void or voidable, nor terminate it except as specifically provided in this lease agreementherein provided. If the demised premises Premises are partially destroyed during the term of this lease agreementLease, lessor Landlord shall repair them when such repairs can be made in conformity with governmental laws and regulations, within thirty 30 days of the partial destruction. Written notice of the intention of lessor Landlord to repair shall be given to lessee Tenant within ten 10 days after any partial destruction. Rent will be reduced proportionately to the extent to which the repair operations interfere with the business conducted on the demised premises by lesseeTenant. If the repairs cannot be made within the time specified above, lessor Landlord shall have the option to make them within a reasonable time and continue this lease agreement Lease in effect with proportional rent rebate to lessee Tenant as provided for in this lease agreementherein. If the repairs cannot be made in thirty 30 days, and if lessor Landlord does not elect to make them within a reasonable time, either party shall have the option to terminate this lease agreementLease.
Appears in 1 contract
Samples: Commercial Lease Agreement