Common use of Reconstruction Clause in Contracts

Reconstruction. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor agrees to forthwith repair the same; and this Lease shall remain in full force and effect, except that Lessee shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee in the Premises. If the damage is due to the fault or neglect of Lessee or its employees, there shall be no abatement of rent.

Appears in 3 contracts

Samples: Lease (More Com Inc), Standard Office Lease (Spatialight Inc), Organic Inc

AutoNDA by SimpleDocs

Reconstruction. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the same; and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 3 contracts

Samples: Office Building Lease (Prime Bancorp Inc), Quokka Sports Inc, Quokka Sports Inc

Reconstruction. a. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insuranceinsurance and the proceeds of such insurance are sufficient to cause repair of the Premises, Lessor Landlord agrees to forthwith repair the same; same and this Lease shall remain in full force and effect, ; except that Lessee Tenant shall be entitled to a proportionate reduction abatement of the rent while such repairs are being made, such proportionate reduction abatement to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 2 contracts

Samples: Centre Office Lease Agreement (RVision, Inc.), Laurel Corporate Centre Office Lease Agreement (RVision, Inc.)

Reconstruction. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the same; and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premisespremises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 2 contracts

Samples: Lease (Quokka Sports Inc), Lease (Quokka Sports Inc)

Reconstruction. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the same; and this Lease shall remain in full force and effect, except that Lessee the Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 2 contracts

Samples: Exabyte Corp /De/, Colorado Business Bankshares Inc

Reconstruction. In the event the Premises or of the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the same; and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 1 contract

Samples: Lease Agreement (Sycamore Park Convalescent Hospital)

Reconstruction. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the same; : and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 1 contract

Samples: Qt 5 Inc

Reconstruction. A. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage all-risk insurance, Lessor Landlord agrees to forthwith repair the same; , and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 1 contract

Samples: Office Building Lease (Fair Isaac & Company Inc)

AutoNDA by SimpleDocs

Reconstruction. In the event the Premises Premises, or the Building of which the Premises are a part part, are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the samesame to substantially the same condition as existed immediately prior to such damage; and this Lease shall remain in full force and effect, except that Lessee the Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the damage and the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 1 contract

Samples: Vstream Inc /Co

Reconstruction. 22.a. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils cause covered by extended coverage insurance, Lessor and the Landlord receives sufficient proceeds to cover the cost of replacing the damage, then the Landlord agrees forthwith to forthwith repair the same; , and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If Notwithstanding the foregoing, if the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 1 contract

Samples: Office Building Lease (Whole Living Inc)

Reconstruction. In the event (a) If the Premises or the Building which is a part of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the same; : and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to shall be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 1 contract

Samples: Lease (Visual Numerics Inc)

Reconstruction. (a) In the event the Premises or the Building of which the Premises are a part premises are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the same; , and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the minimum rent from the date of damage and while such repairs are being made, such proportionate reduction to be based upon the extent to which the damage and making of such repairs shall materially reasonably interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 1 contract

Samples: New Energy Corp

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!