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Common use of Restoration and Repair Clause in Contracts

Restoration and Repair. If, during the Term of this Lease, the Improvements shall be destroyed or damaged in whole or in part by fire, windstorm or any other cause whatsoever, Tenant shall give Landlord prompt notice thereof and shall repair, reconstruct or replace the Improvements, or the portion thereof so destroyed or damaged (whichever is reasonably required), at least to the extent of the value and character thereof existing immediately prior to such occurrence. All work shall be started as soon as practicable and completed, at Tenant’s sole reasonable cost and expense. Tenant shall, however, immediately take such action as is necessary to assure that the Premises (or any portion thereof) do not constitute a nuisance or otherwise present a health or safety hazard.

Appears in 3 contracts

Samples: Real Estate Purchase and Sale Contract (Air Industries Group), Lease Agreement (Air Industries Group), Real Estate Purchase and Sale Contract (Air Industries Group)

Restoration and Repair. If, during the Term of this Lease, the Improvements shall be are destroyed or damaged in whole or in part by fire, windstorm or any other cause whatsoever, Tenant shall must give Landlord prompt notice thereof and shall must repair, reconstruct or replace the Improvements, or the portion thereof so of the Improvements destroyed or damaged (whichever is reasonably required), at least to the extent of the value and character thereof existing immediately prior to such occurrence. All work shall must be started as soon as practicable and completed, at Tenant’s sole reasonable cost and expense. Tenant shallmust, however, immediately take such action as is necessary to assure that the Premises (or any portion thereofof the Premises) do not constitute a nuisance or otherwise present a health or safety hazard.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

Restoration and Repair. If, during the Term of this Lease, the Improvements shall be destroyed or damaged in whole or in part by fire, windstorm or any other cause whatsoever, Tenant shall give Landlord prompt notice thereof and shall repair, reconstruct or replace the Improvements, or the portion thereof so destroyed or damaged (whichever is reasonably required), at least to the extent of the value and character thereof existing immediately prior to such occurrence. All work shall be started as soon as practicable and completed, at Tenant’s sole reasonable cost and expense. Tenant shall, however, immediately take such action as is necessary to assure that the Premises (or any portion thereof) do not constitute a nuisance or otherwise present a health or safety hazard.

Appears in 2 contracts

Samples: Sale Leaseback Commitment Agreement, Sale Leaseback Commitment Agreement (United Rentals Inc /De)

Restoration and Repair. If, during the Term term of this Lease, any improvements to the Improvements (as hereafter defined) shall be destroyed or damaged in whole or in part by fire, windstorm or any other cause whatsoever, Tenant shall give Landlord prompt immediate notice thereof and shall repair, reconstruct or replace the Improvements, or the portion thereof so destroyed or damaged (whichever is reasonably required), at least to the extent of the value and character thereof existing immediately prior to such occurrence. All work shall be started as soon as practicable and completed, at Tenant’s 's sole reasonable cost and expense. Tenant shall, however, immediately take such action as is necessary to assure that the Premises Leased Property (or any portion thereof) do does not constitute a nuisance or otherwise present presents a health or safety hazard.

Appears in 1 contract

Samples: Ground Lease Agreement (CNL Retirement Properties Inc)