Repairs Taking Over 120 Days Sample Clauses

Repairs Taking Over 120 Days. In the event that the Leased Premises or any portion of the Building or the Real Property reasonably necessary for Tenant’s use and occupancy of the Leased Premises for the Permitted Use should be so damaged by fire or other casualty that, according to Landlord’s reasonable estimate, rebuilding or repairs of such fire or other casualty damage cannot be completed within one hundred twenty (120) days following the date of such fire or other casualty (“Casualty Date”), within thirty

Repairs Taking Over 120 Days. In the event that the Leased Premises or any portion of the Building or the Project reasonably necessary for Tenant’s use and occupancy of the Leased Premises for the Permitted Use should be so damaged by fire or other casualty that, according to Landlord’s reasonable estimate, rebuilding or repairs of such fire or other casualty damage cannot be completed within 120 days following the date of such fire or other casualty (“Casualty Date”), within 30 days of the Casualty Date, Landlord shall deliver to Tenant written notice of Landlord’s reasonable estimate as to the time necessary to rebuild or repair such fire or other casualty damage (but not including any trade fixtures or personal property of Tenant in the Leased Premises) to substantially the same condition that existed immediately prior to the fire or other casualty (“Casualty Repair Period”). Within 30 days from the date of Landlord’s delivery of such notice to Tenant, either party may upon written notice to the other party terminate this Lease upon written notice to the other. If neither party timely gives such notice of termination of the Lease, then Landlord shall promptly commence, and thereafter pursue with reasonable diligence, the rebuilding or repair of the damage caused by the fire or other casualty to substantially the same condition that existed immediately prior to the happening of the fire or other casualty; provided, however, that Landlord is not required to rebuild, repair or replace any trade fixtures or personal property that may have been placed by Tenant within the Leased Premises. If the Lease is not terminated as provided under this paragraph and either (i) the rebuilding or repair work is not substantially completed before the expiration of the Casualty Repair Period, or (ii) Landlord has not commenced such rebuilding or repair work within 60 days after the Casualty Date, then Tenant may terminate this Lease with written notice to Landlord within 30 days following the expiration of the Casualty Repair Period or the above-described 60-day period (as applicable).