Premises Total Destruction. PREMISES BUILDING TOTAL DESTRUCTION; INDUSTRIAL CENTER BUILDINGS TOTAL DESTRUCTION. Subject to the provisions of paragraphs 9.4 and 9.5, if at any time during the term of this Lease there is damage, whether or not it is an Insured Loss, and such damage falls into the classification of (a) Premises Total Destruction, or (b) Premises Building Total Destruction, or (c) Industrial Center Buildings Total Destruction, then Lessor may at its option either (y) repair such damage, but not Lessee's fixtures, equipment, or tenant improvements, as soon as reasonably possible at Lessor's expense, and this Lease shall continue in full force and effect, or (z) give written notice to Lessee within thirty (30) days after the date of occurrence of such damage, of Lessor's intention to cancel and terminate this Lease, in which case this Lease shall be canceled and terminated as of the date of the occurrence of such damage.
Appears in 2 contracts
Samples: Lease Agreement (WTC Industries Inc), Industrial Lease (Sportsmans Guide Inc)
Premises Total Destruction. PREMISES BUILDING TOTAL DESTRUCTION; INDUSTRIAL CENTER BUILDINGS TOTAL DESTRUCTION. .
(a) Subject to the provisions of paragraphs 9.4 and 9.5, if at any time during the term of this Lease there is damage, whether or not it is an Insured Loss, and such damage which falls into the classification classifications of either (ai) Premises Total Destruction, or (bii) Premises Building Total Destruction, or (ciii) Industrial Center Buildings Total Destruction, then Lessor may at its Lessor's option either (yi) repair such damagedamage or destruction, but not Lessee's fixtures, equipment, equipment or tenant improvements, as soon as reasonably possible at Lessor's expense, and this Lease shall continue in full force and effect, or (zii) give written notice to Lessee within thirty (30) days after the date of occurrence of such damage, damage of Lessor's intention to cancel and terminate this Lease, in which case this Lease shall be canceled and terminated as of the date of the occurrence of such damage.
Appears in 2 contracts
Samples: Assignment of Lease (Redenvelope Inc), Assignment of Lease (Redenvelope Inc)
Premises Total Destruction. PREMISES BUILDING TOTAL DESTRUCTION; INDUSTRIAL CENTER BUILDINGS TOTAL DESTRUCTION. Subject to the provisions of to paragraphs 9.4 13.4 and 9.513.5, if at any time during the term of this Lease there is damage, whether or not it is an Insured Loss, and such damage which falls into the classification classifications of either (ai) Premises Total Destruction, or (bii) Premises Building Total Destruction, or (c) Industrial Center Buildings Total Destruction, then Lessor Landlord may at its Landlord's option either (yi) repair such damagedamage or destruction, but not LesseeTenant's fixtures, equipment, equipment or tenant tenants improvements, as soon as reasonably possible at LessorLandlord's expense, and this Lease shall continue in full force and effect, or (zii) give given written notice to Lessee Tenant within thirty (30) days after the date of occurrence of such damage, damage of LessorLandlord's intention to cancel and terminate this Lease, in which case this Lease shall be canceled cancelled and terminated as of the date of the occurrence of such damage.
Appears in 1 contract
Premises Total Destruction. PREMISES BUILDING TOTAL DESTRUCTION; INDUSTRIAL CENTER BUILDINGS THE PROPERTY TOTAL DESTRUCTION. .
(a) Subject to the provisions of paragraphs 9.4 and 9.5, if at any time during the term of this Lease there is damage, whether or not it is an Insured Loss, and such damage which falls into the classification classifications of either (ai) Premises Total Destruction, or (bii) Premises Building Total Destruction, or (c) Industrial Center Buildings Total Destruction, then Lessor may at its Lessor's option either (yi) repair such damagedamage or destruction, but not Lessee's fixtures, equipment, equipment or tenant improvements, as soon as reasonably possible at Lessor's expense, and this Lease shall continue in full force and effect, or (zii) give written notice to Lessee within thirty (30) days after the date of occurrence of such damage, damage of Lessor's intention to cancel and terminate this Leaselease, in which case this Lease lease shall be canceled cancelled and terminated as of the date of the occurrence of such damage. Lessee shall have the same option to terminate the Lease on the same terms and conditions applicable to Lessor under this paragraph 9.
Appears in 1 contract
Samples: Sublease (Burke Industries Inc /Ca/)
Premises Total Destruction. PREMISES BUILDING TOTAL DESTRUCTION; INDUSTRIAL CENTER BUILDINGS TOTAL DESTRUCTION. .
(a) Subject to the provisions of paragraphs 9.4 and 9.5, if at any time during the term of this Lease there is damage, whether or not it is an Insured Loss, and such damage which falls into the classification classifications of either (ai) Premises Total Destruction, or (bii) Premises Building Total Destruction, or (ciii) Industrial Center Buildings Total Destruction, then Lessor may at its Lessor's option either (yi) repair such damagedamage or destruction, but not Lessee's fixtures, equipment, equipment or tenant improvements, as soon as reasonably possible at Lessor's expense, and this Lease shall continue in full force and effect, effect or (zii) give written notice to Lessee within thirty (30) days after the date of occurrence of such damage, damage of Lessor's intention to cancel and terminate this Lease, in which case this Lease shall be canceled and terminated as of the date of the occurrence of such damage.
Appears in 1 contract
Samples: Lease Agreement (Redenvelope Inc)