Common use of Replacement of Building Clause in Contracts

Replacement of Building. In the event the demised Premises or a portion thereof shall become untenantable on account of the damage by fire, act of God, or other casualty, Lessor shall be given the option to correct the deficiency or condition which shall render the Premises untenantable. Within thirty (30) days after receipt of written notice from Lessee as to the damage to the property, Lessor shall notify Lessee in writing as to whether or not it elects to repair the same. If for any reason, in the opinion of the Lessor, it is not feasible to repair or rebuild the same, then, and in that event, the Lessor shall have the right to terminate this lease. In the event Lessor elects to repair the Premises, it shall have one hundred (100) days from the date of its notice to Lessee to effect such repairs. During the period from Lessor's receipt of notice from Lessee of damage to the demised Premises until the Premises are restored to their prior condition and possession thereof given to Lessee, the rent shall xxxxx upon the portion of the Premises that is untenantable, except that if the Premises becomes untenantable due the actions of the Lessee or its agents or employees, the rent shall continue in full force and effect and shall not xxxxx. Lessor shall not in any case be liable for any loss of profits or income occasioned to Lessee during such period. In the event said repair has not been completed within the period specified, then Lessee may have the option to cancel the lease. If either the Lessee or the Lessor terminates this lease as above provided in this paragraph, any monies due and owing to the Lessor at that date shall be paid by the Lessee to the date that Lessee vacates the Premises, and all further obligations on the part of both parties hereto shall cease and Lessor shall incur no obligation whatsoever from the termination of said lease.

Replacement of Building. In the event the demised Premises or a portion thereof shall become untenantable on account of the damage by fire, act of God, or other casualty, Lessor shall be given the option to correct the deficiency or condition which shall render the Premises untenantable. Within thirty (303o) days after receipt of written notice from Lessee as to the damage to the property, Lessor shall notify Lessee in writing as to whether or not it elects to repair the same. If for any reason, in the opinion of the Lessor, it is not feasible to repair or rebuild the same, then, and in that event, the Lessor shall have the right to terminate this lease. In the event Lessor elects to repair the Premises, it shall have one hundred (100loo) days from the date of its notice to Lessee to effect such repairs. During the period from Lessor's receipt of notice from Lessee of damage to the demised Premises until the Premises are restored to their prior condition and possession thereof given to Lessee, the rent shall xxxxx upon the portion of the Premises that is untenantable, except that if the Premises becomes untenantable due the actions of the Lessee or its agents or employees, the rent shall continue in full force and effect and shall not xxxxx. Lessor shall not in any case be liable for any loss of profits or income occasioned to Lessee during such period. In the event said repair has not been completed within the period specified, then Lessee may have the option to cancel the lease. If either the Lessee or the Lessor terminates this lease as above provided in this paragraph, any monies due and owing to the Lessor at that date shall be paid by the Lessee to the date that Lessee vacates the Premises, and all further obligations on the part of both parties hereto shall cease and Lessor shall incur no obligation whatsoever from the termination of said lease. Notwithstanding the foregoing, during any period that the damage or destruction is such as to make the Premises unsuitable for Lessee's use or the conduct of its business therein, as determined by Lessee, the Rent and other charges payable by Tenant shall xxxxx until such time as the Premises is suitable for Lessee's use or the conduct of its business therein.

Replacement of Building. In the event the demised Leased Premises or a portion thereof shall become untenantable on account of the damage by fire, act of God, or other casualty, Lessor Landlord shall be given the option to correct the deficiency or condition which shall render the Leased Premises untenantable. Within thirty (30) days after receipt of written notice from Lessee as to the damage to the property, Lessor shall notify Lessee in writing as to whether or not it elects to repair the same. If for any reason, in the opinion of the Lessor, it is not feasible to repair or rebuild the same, then, and in that event, the Lessor shall have the right to terminate this lease. In the event Lessor elects to repair the Premises, it Landlord shall have one hundred eighty (100180) days from the date of its notice to Lessee Tenant to effect such repairs; provided, however, the said time period may be extended if there is an event of force majeure. During the period from Lessor's receipt of notice from Lessee Landlord’s actual knowledge of damage to the demised Leased Premises until the Leased Premises are restored to their prior condition and possession thereof given to LesseeTenant, the rent (Base Rent and all additional rent) shall xxxxx upon the portion of the Leased Premises that is untenantable, except that if the Leased Premises becomes become untenantable due to the actions of the Lessee Tenant or its agents agents, employees or employeesinvitees, the rent shall continue in full force and effect and shall not xxxxx. Lessor Landlord shall not in any case be liable for any loss of profits or income occasioned to Lessee Tenant during such period. In the event said repair has not been completed within the period specified, then Lessee Tenant may have the option to cancel the leasethis Lease. If either the Lessee Landlord or the Lessor Tenant terminates this lease Lease as above provided in this paragraphsection, any monies due and owing to the Lessor Landlord at that the date of damage shall be paid by the Lessee Tenant to the date that Lessee Tenant vacates the Leased Premises, and all further obligations on the part of both parties hereto shall cease and Lessor Landlord shall incur no obligation whatsoever from the termination of said leasethis Lease.

Replacement of Building. In the event the demised Leased Premises or a portion thereof shall become untenantable un-tenantable on account of the damage by fire, act of God, or other casualty, Lessor shall be given the option to correct the deficiency or condition which shall render has rendered the Leased Premises untenantableun-tenantable. Within thirty (30) days after receipt of written notice from Lessee as to the damage to the property, Lessor shall notify Lessee in writing as to whether or not it elects to repair the same. If for any reasonIf, in the opinion of the Lessor, it is not feasible to repair or rebuild the same, then, and in that event, the Lessor shall have the right to terminate this leaseLease in its sole discretion. In the event Lessor elects to repair the Leased Premises, it shall have one hundred eighty (100180) days from the date of its notice to Lessee to effect such repairs. During the period from Lessor's receipt of notice from Lessee of damage to the demised Leased Premises until the Leased Premises are restored to their prior condition and possession thereof given to Lesseerepaired, the rent shall xxxxx upon the only that portion of the Leased Premises that is untenantableun-tenantable, except that if the Leased Premises becomes untenantable become un-tenantable due the actions of the Lessee or its agents or employees, the rent shall continue in full force and effect and shall not xxxxx. Lessor shall not in any case be liable for any loss of profits or income occasioned to Lessee during such period. In the event said repair has not been completed within the period specified, then Lessee may have the option to cancel the leaseLease. If either the Lessee or the Lessor terminates this lease Lease as above provided in this paragraph, any monies due and owing to the Lessor at that date shall be paid by the Lessee to the date that Lessee vacates the Leased Premises, and all further obligations on the part of both parties hereto (except those which expressly survive termination hereof) shall cease and Lessor shall incur no obligation whatsoever from the termination of said leaseLease.

Replacement of Building. In the event the demised Premises premised or a portion thereof shall become untenantable on account of the damage by fire, act of God, or other casualty, Lessor shall be given the option to correct the deficiency efficiency or condition which shall render the Premises premises untenantable. Within thirty ten (3010) days after receipt of written notice from Lessee as to the damage to the property, Lessor shall notify Lessee in writing as to whether or not it elects to repair the same. If for any reasonIf, in the opinion of the Lessor, it is not feasible to repair or rebuild the same, then, and in that event, the Lessor shall have the right to terminate this lease. In the event Lessor elects to repair the Premises, said premises it shall have one hundred (100) days from the date of its notice to Lessee to effect such repairs. During the period from Lessor's receipt of notice from Lessee of damage to the demised Premises premises until the Premises said premises are restored to their prior condition and possession thereof given to Lessee, the rent shall xxxxx upon the portion of the Premises premises that is untenantable, except that if the Premises becomes premises become untenantable due to the actions of the Lessee or its agents or employees, the rent shall continue in full force and effect and shall not xxxxx. Lessor shall not in any case be liable for any loss of profits or income occasioned to Lessee during such period. In the event said repair has not been completed within the period specified, then Lessee may have the option to cancel the lease. If either the Lessee Lessor or the Lessor Lessee terminates this lease as above provided in this paragraph, any monies due and owing to the Lessor at that date shall be paid by the Lessee to the date that Lessee vacates the Premisessaid premises, and all further obligations on the part of both parties hereto shall cease and Lessor shall incur no obligation whatsoever from the termination of said lease.

Replacement of Building. In the event the demised Premises or a portion thereof shall become untenantable on account of the damage by fire, act of God, or other casualty, Lessor Landlord shall be given the option to correct the deficiency or condition which shall render rendered the Premises untenantable. Within thirty (30) days after receipt of written notice from Lessee Tenant as to the damage to the property, Lessor Landlord shall notify Lessee Tenant in writing as to whether or not it elects to repair the same. If for any reasonIf, in the opinion of the LessorLandlord, it is not feasible to repair or rebuild the same, then, and in that event, the Lessor Landlord shall have the right to terminate this lease. In the event Lessor elects to repair the Premises, it shall have one hundred (100) days from the date of its notice to Lessee to effect such repairsLease. During the period from Lessor's Landlord’s receipt of notice from Lessee Tenant of damage to the demised Premises until the Premises are restored to their prior condition and possession thereof given to LesseeTenant, the rent shall xxxxx upon on the portion of the Premises that is untenantable, except that if the Premises becomes become untenantable due to the actions of the Lessee Tenant or its agents or employees, the rent shall continue in full force and effect and shall not xxxxx. Lessor Landlord shall not in any case be liable for any loss of profits or income occasioned to Lessee Tenant during such period. In the event said repair has not been completed within the period specified, then Lessee Tenant may have the option to cancel the leasethis Lease. If either the Lessee Tenant or the Lessor Landlord terminates this lease Lease as above provided in this paragraph, any monies due and owing to the Lessor Landlord at that date shall be paid by the Lessee Tenant to the date that Lessee Tenant vacates the Premises, and all further obligations on the part of both parties hereto shall cease and Lessor Landlord shall incur no obligation whatsoever from the termination of said leasethis Lease.

Replacement of Building. In the event the demised Leased Premises or a portion thereof shall become untenantable on account of the damage by fire, act of God, or other casualty, Lessor Landlord shall be given the option to correct the deficiency or condition which shall render the Leased Premises untenantable. Within thirty (30) days after receipt of written notice from Lessee as to the damage to the property, Lessor shall notify Lessee in writing as to whether or not it elects to repair the same. If for any reason, in the opinion of the Lessor, it is not feasible to repair or rebuild the same, then, and in that event, the Lessor shall have the right to terminate this lease. In the event Lessor elects to repair the Premises, it Landlord shall have one hundred eighty (100180) days from the date of its notice to Lessee Tenant to effect such repairs; provided, however, the said time period may be extended if there is an event of force majeure. During the period from Lessor's Landlord’s receipt of notice from Lessee Tenant of damage to the demised Leased Premises until the Leased Premises are restored to their prior condition and possession thereof given to LesseeTenant, the rent shall xxxxx upon the portion of the Leased Premises that is untenantable, except that if the Leased Premises becomes become untenantable due to the actions of the Lessee Tenant or its agents agents, employees or employeesinvitees, the rent shall continue in full force and effect and shall not xxxxx. Lessor Landlord shall not in any case be liable for any loss of profits or income occasioned to Lessee Tenant during such period. In the event said repair has not been completed within the period specified, then Lessee Tenant may have the option to cancel the leasethis Lease. If either the Lessee Landlord or the Lessor Tenant terminates this lease Lease as above provided in this paragraphsection, any monies due and owing to the Lessor Landlord at that date shall be paid by the Lessee Tenant to the date that Lessee Tenant vacates the Leased Premises, and all further obligations on the part of both parties hereto shall cease and Lessor Landlord shall incur no obligation whatsoever from the termination of said leasethis Lease.