Repair by Landlord. Tenant will immediately notify Landlord of fire or other casualty in the Premises. If the Premises are damaged by fire or other casualty and unless this Lease is terminated as hereinafter provided, Landlord will proceed with reasonable diligence to repair the so-called “shell” of the Premises and any leasehold improvements originally installed by Landlord. Landlord’s obligation to repair is subject to (i) delays which may arise by reason of adjustment of loss under insurance policies, including, without limitation, Tenant’s policy for leasehold improvements and betterments described in Section 8.1 of this Lease, and (ii) other delays beyond Landlord’s reasonable control. Xxxxxxxx’s obligation to repair will be limited to the extent of insurance proceeds actually available to Landlord for repairs after the election by the holder of any mortgage against the Building to apply a portion or all of the proceeds against the debt owing to such holder. Until Landlord’s repairs to the Premises are completed, the Base Annual Rent and additional rent will xxxxx in proportion to the part of the Premises, if any, that is rendered untenantable.
Appears in 2 contracts
Samples: Office Building Lease, Office Building Lease (HII Technologies, Inc.)
Repair by Landlord. Tenant will immediately notify Landlord of fire or other casualty in the Premises. If the Premises are damaged by fire or other casualty and unless this Lease is terminated as hereinafter provided, Landlord will proceed with reasonable diligence to repair the so-called “shell” of the Premises and any leasehold improvements originally installed by Landlord. Landlord’s obligation to repair is subject to (i) delays which may arise by reason of adjustment of loss under insurance policies, including, without limitation, Tenant’s policy for leasehold improvements and betterments described in Section 8.1 of this Lease, and (ii) other delays beyond Landlord’s reasonable control. XxxxxxxxLandlord’s obligation to repair will be limited to the extent of insurance proceeds actually available to Landlord for repairs after the election by the holder of any mortgage against the Building to apply a portion or all of the proceeds against the debt owing to such holder. Until Landlord’s repairs to the Premises are completed, the Base Annual Rent and additional rent will xxxxx in proportion to the part of the Premises, if any, that is rendered untenantable.
Appears in 2 contracts
Samples: Lease Assignment & Assumption (Fulgent Genetics, Inc.), Office Building Lease (Archipelago Learning, Inc.)
Repair by Landlord. Tenant will immediately notify Landlord of fire or other casualty in the Premises. If the Premises are damaged by fire or other casualty and unless this Lease is terminated as hereinafter provided, Landlord will proceed with reasonable diligence to repair the so-called “"shell” " of the Premises and any leasehold improvements originally installed by Landlord. Landlord’s 's obligation to repair is subject to (i) delays which may arise by reason of adjustment of loss under insurance policies, including, without limitation, Tenant’s 's policy for leasehold improvements and betterments described in Section 8.1 of this Lease, and (ii) other delays beyond Landlord’s 's reasonable control. Xxxxxxxx’s Landlord's obligation to repair will be limited to the extent of insurance proceeds actually available to Landlord for repairs after the election by the holder of any mortgage against the Building to apply a portion or all of the proceeds against the debt owing to such holder. Until Landlord’s 's repairs to the Premises are completed, the Base Annual Rent and additional rent will xxxxx in proportion to the part of the Premises, if any, that is rendered untenantable.
Appears in 1 contract
Repair by Landlord. Tenant will immediately notify Landlord of fire or ------------------ other casualty in the Premises. If the Premises are damaged by fire or other casualty and unless this Lease is terminated as hereinafter provided, Landlord will proceed with reasonable diligence to repair the so-called “"shell” " of the Premises and any leasehold improvements originally installed by Landlord. Landlord’s 's obligation to repair is subject to (ia) delays which may arise by reason of adjustment of loss under insurance policies, including, without limitation, Tenant’s 's policy for leasehold improvements and betterments described in Section 8.1 of this Lease, and (iib) other delays beyond Landlord’s 's reasonable control. Xxxxxxxx’s Landlord's obligation to repair will be limited to the extent of insurance proceeds actually available to Landlord for repairs after the election by the holder of any mortgage against the Building to apply a portion or all of the proceeds against the debt owing to such holder. Until Landlord’s 's repairs to the Premises are completed, the Base Annual Rent and additional rent will xxxxx in proportion to the part of the Premises, if any, that is rendered untenantable.
Appears in 1 contract
Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)
Repair by Landlord. Tenant will immediately notify Landlord of fire or ------------------ other casualty in the Premises. If the Premises are damaged by fire or other casualty and unless this Lease is terminated as hereinafter provided, Landlord will proceed with reasonable diligence to repair the so-called “"shell” " of the Premises and any leasehold improvements originally installed by Landlord. Landlord’s 's obligation to repair is subject to (ia) delays which may arise by reason of adjustment of loss under insurance policies, including, without limitation, Tenant’s 's policy for leasehold improvements and betterments described in Section 8.1 of this Lease, and (iib) other delays beyond Landlord’s 's reasonable ----------- control. Xxxxxxxx’s Landlord's obligation to repair will be limited to the extent of insurance proceeds actually available to Landlord for repairs after the election by the holder of any mortgage against the Building to apply a portion or all of the proceeds against the debt owing to such holder. Until Landlord’s 's repairs to the Premises are completed, the Base Annual Rent and additional rent will xxxxx in proportion to the part of the Premises, if any, that is rendered untenantable.
Appears in 1 contract
Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)
Repair by Landlord. Tenant will immediately notify Landlord of fire or ------------------ other casualty in the Premises. If the Premises are damaged by fire or other casualty and unless this Lease is terminated as hereinafter provided, Landlord will proceed with reasonable diligence to repair the so-called “"shell” " of the Premises and any leasehold improvements originally installed by LandlordLandlord or existing on the date Landlord acquired the Building. Landlord’s 's obligation to repair is subject to (ia) delays which may arise by reason of adjustment of loss under insurance policies, including, without limitation, Tenant’s 's policy for leasehold improvements and betterments described in Section 8.1 of this Lease, ----------- and (iib) other delays beyond Landlord’s 's reasonable control. Xxxxxxxx’s Landlord's obligation to repair will be limited to the extent of insurance proceeds actually available to Landlord for repairs after the election by the holder of any mortgage against the Building to apply a portion or all of the proceeds against the debt owing to such holder. Until Landlord’s 's repairs to the Premises are completed, the Base Annual Rent and additional rent will xxxxx in proportion to the part of the Premises, if any, that is rendered untenantable.
Appears in 1 contract
Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)