Repair and Rebuilding Sample Clauses

Repair and Rebuilding. In the event of damage to or destruction of the Premises by fire, weather or other casualty or otherwise, to the extent of any proceeds of insurance actually received by City and provided that such damage or destruction was not caused by the negligent or wrongful conduct of Airline, City (or, if City allows in its sole discretion, Airline using the proceeds of insurance received by City) shall with all reasonable diligence and dispatch repair or rebuild the said premises so as to restore them, as nearly as possible, to the condition which existed immediately prior to the damage or destruction, subject to such modifications as may be agreed upon between Airline and City, and further subject to the provisions of Section 4.05.E, below.

Repair and Rebuilding. In the event that Tenant does not terminate this Agreement of Lease as provided for in Section 11.1 above and in all other events, then Tenant, at its own cost and expense, shall, subject to the other provisions of this Section 11, cause the same to be repaired, replaced or rebuilt as nearly as possible to its condition immediately prior to the damage or destruction subject to such alterations or changes as Tenant may elect to make in conformity with Section 8 hereof within a period of time which, under all prevailing circumstances, shall be reasonable. If Tenant shall exercise its option to terminate this Lease, this Lease shall expire automatically as provided in subsection 11.1 in which event Tenant shall be under no obligation to repair, replace or rebuild the buildings and improvements on the Property but shall clear away the ruins and leave the Demised Premises in a clean, orderly and sightly condition. In the event that (i) Tenant shall fail to give notice of its exercise of its option to terminate within such period or (ii) if the buildings and improvements on the Demised Premises shall not be damaged to the extent of more than seventy-five percent (75%) of this Gross Leaseable Area, then, Tenant shall, subject to the other provisions of this Section 11, cause the same to be repaired, replaced or rebuilt at its own cost and expense as herein provided. If Tenant does not repair, replace or rebuild any damaged or destroyed buildings or improvements, all insurance proceeds that are payable as a result of the destruction or damage to such buildings or improvements plus the deductible (to be paid by Tenant), if any, shall be paid to Landlord and this Agreement of Lease shall terminate on the date of such payment.

Repair and Rebuilding. If this Lease is not terminated pursuant to this Article XII: (a) Landlord, to the extent of insurance proceeds which Landlord receives, and to the extent that any mortgagee entitled to be paid such insurance proceeds consents to the use of same for repair of such damage or destruction, shall diligently proceed to perform such repairs to the Premises to the extent of insurance proceeds being available. Within thirty (30) days after Landlord has completed its repairs, Tenant shall complete any necessary repairs to the Premises to render the Premises usable for Tenant's purposes and shall fully fixture, stock and staff the Premises and recommence the operation of Tenant's business. (b) Except to the extent of insurance proceeds received by the Landlord for the repair of the Premises, Tenant acknowledges that its obligations to repair the Premises after damage or destruction as aforesaid or otherwise shall be performed at Tenant's sole cost whether or not the damage or destruction was caused by Landlords fault or negligence and whether or not Landlord had at any time made any contribution to the cost of supply, installation or construction of any Leasehold Improvements in the Premises. (c) Landlord, in performing its repairs to the Premises or the Common Facilities as required hereby shall not be obliged to repair or rebuild in accordance with plans or specifications for the Premises as they existed prior to such damage or destruction, but Landlord may repair or rebuild the same in accordance with any plans and specifications chosen by Landlord in its sole and absolute discretion provided that Tenant's use and occupancy of and access to the Premises and the general overall usability of the Premises are not materially detrimentally affected by any difference in plans, specifications, or form of the Premises or from such plans, specifications and form as the same existed immediately prior to the occurrence of such damage or destruction.

Repair and Rebuilding. If this lease is not terminated pursuant to this Article XII: (a) Landlord, to the extent of insurance proceeds which Landlord receives or would have received if it had maintained such insurance as is required to be maintained by the Landlord hereunder, and to the extent that any mortgagee entitled to be paid such insurance proceeds consents to the use of same for repair of such damage or destruction, shall diligently proceed to perform such repairs to the Premises to the extent of insurance proceeds being available. Within thirty (30) days after Landlord has completed its repairs, Tenant shall complete any necessary repairs to the Premises to render the Premises usable for Tenant's purposes and shall fully fixture, stock and staff the Premises and recommence the operation of Tenant's business.

Repair and Rebuilding. In the event of any damage to or destruction of the Campus or any improvements thereon from any causes whatever, Tenant shall promptly give written notice thereof to Commission. In the event of destruction totaling more than Ten percent (10%) of the total square footage contained within all of the Buildings on the Campus; Tenant shall have a right to terminate this Lease. In the event of any destruction, the Parties shall meet to confer on who shall bear the responsibility to repair the damage consistent with the allocation of responsibilities under this Lease and ownership of the improvement at the time of loss. The parties must come to mutual agreement on any decision to repair or rebuild. If the parties come to agreement, the Parties shall develop a timeframe and budget to implement the agreed upon repairs. Any obligations assumed by Commission or Tenant hereunder are contingent upon available funding. Any insurance proceeds from insurance payable by reason of such damage or destruction available to the Parties shall be applied to pay the cost of such reconstruction. Insurance funds in excess of the cost of such reconstruction shall be paid to Commission and Tenant prorated based upon the unexpired term of this Lease, with Tenant receiving the fraction thereof which is equal to the then remaining term divided by the original term of this Lease. In the event such damage or destruction occurs within the last ten (10) years of the Term of this Lease, and if such damage or destruction cannot be substantially repaired within one hundred eighty (180) days, either Commission or Tenant may elect by written notice to the other, within ninety (90) days after the date of such damage or destruction, to terminate this Lease. Tenant may need to procure property insurance for certain Buildings. In such event, Commission agrees at Tenant’s request to procure such property insurance, the cost of which shall be paid by Tenant or may be passed through to the applicable subtenant.