Repair and Reconstruction. If insurance proceeds are insufficient to cover the costs of repair or reconstruction, the Board of Directors shall, without a vote of the Members, levy Benefited Assessments against those Owners responsible for the premiums for the applicable insurance coverage under Section 6.1.
Repair and Reconstruction. Unless this Agreement is terminated as provided in Section 10(A)(2), then after any damage or destruction to the Leasehold Improvements on the Leased Premises, Lessee shall (i) repair and restore the Leasehold Improvements to substantially the same condition as existed immediately prior to the casualty, or
Repair and Reconstruction. The Association shall repair and/or reconstruct the Facility/ies as it determines is necessary, and, additionally, as may be directed by the City, to allow the Facility/ies to function for its/their intended purpose, and to its design capacity. The Association shall provide written reports regarding major repair or reconstruction to the City in accordance with City Requirements.
Repair and Reconstruction. If the damage or destruction for which the insurance proceeds are paid is to be repaired or reconstructed, and such proceeds are not sufficient to defray the cost thereof, the Board of Directors shall, without the necessity of a vote of the members of each class, levy a special assessment against all Owners in proportion to the number of Lots owned, provided, if the damage or destruction involves a Lot or Lots only Owners of the affect Lots shall be subject to such assessment. Additional assessments may be made in like manner at any time during or following the completion of any repair or reconstruction.
Repair and Reconstruction. In the event of any damage or destruction to the Buildings or Improvements, by fire or other casualty covered by property damage insurance (or required to be covered by such insurance under this Lease), Tenant shall, with reasonable dispatch, commence repair or rebuilding of the Premises and Improvements to substantially the same condition and configuration as they were immediately before such loss, with any modifications required to comply with then applicable laws and regulations, provided that:
(a) All Minimum Rent and other sums payable to Landlord under this Lease, and all taxes, utilities and other charges relating to the Premises, shall be paid by Tenant as provided herein.
(b) All funds available from insurance or other recoveries with respect to such loss shall be held and disbursed as provided herein.
(c) Plans and specifications for such repair or rebuilding, to the extent reasonably required therefor, shall be provided to Landlord prior to commencement of such work and such plans and specifications shall comply with requirements of this Lease. Any material modifications to the Premises or the Improvements shall be highlighted therein. Any such modifications not required to comply with then applicable laws and regulations shall be subject to the reasonable review and approval of Landlord as provided in Section 4.13 hereof.
(d) If the cost of repairing or reconstructing the Premises and Improvements to the condition and form immediately prior to such damage or destruction, as reasonably determined by Tenant, is more than thirty percent (30%) of the then full replacement cost of the Premises and Improvements or if repairing or reconstructing the Premises and Improvements to the condition and form immediately prior to such damage or destruction may not be performed under then-existing Laws (except with minor and non-material changes as reasonably determined by Tenant), Tenant, with the prior written consent of any Leasehold Mortgagee, may elect to: (i) terminate this Lease and raze the Improvements, or (ii) reconstruct the Improvements in such size and configuration as Tenant shall reasonably determine to be prudent or valuable under the circumstances, taking into account, without limitation, applicable Laws, then-prevailing construction and engineering practices, and market conditions, subject to Landlord’s approval of the Plans and Specifications therefor as provided in Section 4.04. Tenant shall provide notice to Landlord of its election within ...
Repair and Reconstruction. If the damage or destruction to the Common Area for which the insurance proceeds are paid is to be repaired or reconstructed, and such proceeds are not sufficient to defray the cost thereof, the Board of Directors shall, without the necessity of a vote of the Members, use reserve or capital improvements account funds, or may levy a Special Assessment against all Owners. Additional Assessments may be made in like manner at any time during or following the completion of any repair or reconstruction.
Repair and Reconstruction. Permittee shall repair/reconstruct or shall cause the Facility/ies to be repaired and/or reconstructed as needed to allow the Facility/ies to function as designed. Permittee shall make or cause to be made any repairs identified in the inspection report provided under (d) above and as may be reasonably directed by the City from time to time based on City requirements or City inspections of the Facility/ies. Compliance with inspection reports or City directives shall not limit Permittee’s repair obligations.
Repair and Reconstruction. If the damage or destruction for which the insurance proceeds are paid is to be repaired or reconstructed, and such proceeds are not sufficient to defray the cost of repair or reconstruction, the Board of Directors shall, without the necessity of a vote of the Voting Members, levy a Special Assessment against all Owners as permitted in Article XI hereof. Special Assessments levied for repair or reconstruction of any private Streets shall not be subject to any limitations on Special Assessments contained in this Declaration or elsewhere. Additional assessments may be made in like manner any time during or following the completion of any repair or reconstruction.
Repair and Reconstruction. Except that the Premises needs to be repaired for the following reasons, Party B shall be responsible for repairing the Premises at its own cost during the lease period , except to the extent that: provided that Party B shall be responsible for repairing its decoration, furniture and business facilities and equipment at its own cost.
(i) any structural damages caused by acts of God or any other Force Majeure events which are beyond the control of any party shall be repaired by Party A;
(ii) in the event that any parts of the Premises the property ownership of which is not registered have to be removed due to any change in law or government acts, both parties shall negotiate the costs necessary to remove such facilities to any other part of the Premises to the extent of two times the then effective monthly rent and Party B shall not claim any other compensations. In the event that the removed structure cannot be rebuilt, both parties agree to reduce the rents set forth in article 3 on a pro rata basis based on the ratio of the area of such removed structure to the whole area. In the event that it is necessary to reconstruct any facilities in the Premises, subject to the written consent of Party A, Party B shall make such reconstruction according to the applicable construction laws, fire prevention and any other rules, without changing the original construction structure or violating any construction laws.
Repair and Reconstruction. The Borrower shall ensure that each Tenant:
(a) repairs and keeps or causes each Tenant to repair and keep in good and substantial repair and condition the Properties and any other machinery and equipment forming part of the Properties and when necessary replaces the same by items of similar quality and value taking into account any Construction and Planning Law and Construction and Planning Permits;
(b) after being required to do so by the Facility Agent, makes good or causes each Tenant to make good within the time periods set forth in the applicable Lease, any want of repair in the Properties and any other machinery and equipment forming part of the Properties;
(c) reconstructs the Properties within the time periods and as provided in the applicable Lease in case of the occurrence of an event of force majeure; and
(d) promptly implements or causes each Tenant to implement in accordance with the applicable Lease (and, in any event, within any time period stipulated in any such structural survey) all steps recommended to be implemented under any structural survey referred to in the relevant reports set out in Schedule 2 (Conditions precedent) or requested in accordance with Clause 23.5(b)(ii) (Market Valuations) and notifies the Facility Agent when all such steps have been implemented fully.
