Common use of Rebuilding Clause in Contracts

Rebuilding. In the event that this Lease is not terminated by reason of such condemnation, Landlord shall, to the extent of the awards applicable to the building of which the Premises are a part actually received by Landlord and Tenant in connection with such condemnation, and subject to the provisions of any Landlord's mortgage concerning the application of condemnation proceeds, cause such restoration and repair to the remaining portion of the Premises to be done as may be necessary to restore them to an architectural and usable whole reasonably suitable for the conduct of the business of Tenant.

Appears in 2 contracts

Samples: Lease Agreement (Churchill Downs Inc), Lease Agreement (Pinnacle Entertainment Inc)

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Rebuilding. In the event that this Lease is not terminated by reason of such condemnation, Landlord shall, to the extent of the awards applicable to the building of which the Premises are a part actually award received by Landlord and Tenant in connection with such condemnation, and subject to the provisions of any Landlord's mortgage concerning the application of condemnation proceedsawards, cause such restoration and repair to the remaining portion remainder of the Premises and the Project of which they are a part, to be done as may be necessary to restore them to an architectural and usable whole a reasonably suitable condition for the conduct of the business of TenantTenant and the other occupants of the remaining portion of such Project.

Appears in 2 contracts

Samples: Office Lease (Hoovers Inc), Lease Agreement (Steck Vaughn Publishing Corp)

Rebuilding. In the event that this Lease is not terminated by reason of such condemnation, Landlord shall, to the extent of the awards applicable to the building of which the Premises are a part actually received by Landlord and Tenant in connection with such condemnation, and subject to the provisions of any Landlord's ’s mortgage concerning the application of condemnation proceeds, cause such restoration and repair to the remaining portion of the Premises to be done as may be necessary to restore them to an architectural and usable whole reasonably suitable for the conduct of the business of Tenant.

Appears in 1 contract

Samples: Lease Agreement (Pinnacle Entertainment Inc)

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Rebuilding. In the event that this Lease is not terminated by reason of such condemnation, Landlord shall, to the extent of the awards severance damages applicable to the building of which the Premises are a part actually received by Landlord and Tenant in connection with such condemnation, and subject to the provisions of any Landlord's mortgage concerning the application of condemnation proceeds, cause such restoration and repair to the remaining portion of the Premises to be done as may be necessary to restore them to an architectural and usable whole reasonably suitable for the conduct of the business of Tenant.

Appears in 1 contract

Samples: Lease Agreement (Pinnacle Entertainment Inc)

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