Common use of Reconstruction at Option of Tenant on Partially Insured Loss Clause in Contracts

Reconstruction at Option of Tenant on Partially Insured Loss. In the event that damage contemplated by Section 9.2 occurs and the insured portion of the repairs is less than sixty percent (60%) of the costs of the repairs, then Tenant may elect not to repair or restore the Improvements as otherwise required by Section 9.2.1.