Repair of Premises. If the Premises are damaged or destroyed during the Term of this Lease, Landlord shall, except as hereinafter provided, diligently repair or rebuild them to substantially the condition in which they existed immediately prior to such damage or destruction. In no event, however, shall Landlord be obligated to spend for such repairs more than the amount of proceeds received from the insurance required under this Lease, less any deductible payable by Landlord.
Appears in 4 contracts
Samples: Office Lease (GRI BIO, Inc.), Office Lease (Vallon Pharmaceuticals, Inc.), Office Lease (Equillium, Inc.)
Repair of Premises. If the Premises (including the Tenant Improvements) are damaged or destroyed during the Term of this Lease, Landlord shall, except as hereinafter provided, diligently repair or rebuild them to substantially the condition in which they existed immediately prior to such damage or destruction. In no event, however, shall Landlord be obligated to spend for such repairs more than the amount of proceeds received from available insurance proceeds, plus the insurance required under this Lease, less amount of any deductible payable elected by Landlord.
Appears in 1 contract
Samples: Genesis Corporate Centre Lease (Document Sciences Corp)
