Restoration by Tenant. All work necessary to restore and repair the Premises following any damage or casualty shall be performed by Tenant pursuant to the provisions of this Paragraph 18.2, including, without limitation, reconstruction, repair or restoration of exterior portions of the Building (such work being referred to herein as the "Restoration Work"). All Restoration Work shall be subject to all of the provisions of the Work Agreement regarding Tenant Work (including, without limitation, Landlord's right to approve plans and specification and the general contractor and the right to oversee the work). Landlord shall advance any insurance proceeds which it receives to Tenant to pay for the Restoration Work in accordance with disbursement procedures typically required by lenders in District of Columbia when making construction loans. Such disbursement procedures shall include, without limitation: (i) implementation of customary retainage requirements; (ii) delivery of certificates from the architect and the general contractor for the Restoration Work and any architect or inspector engaged by Landlord to monitor the same confirming that the work for which disbursement is being requested has been properly performed pursuant to approved plans and specifications; (iii) delivery of date-down endorsements to Landlord's title insurance policy prior to making any disbursement; and (iv) delivery of lien waivers from all parties performing materials, labor, goods or other services in connection with the Restoration Work prior to making any disbursement. Tenant shall commence the Restoration Work as soon as possible following any casualty, and shall diligently prosecute the same to completion. Tenant's failure to promptly commence and diligently prosecute the Restoration Work (including any design work necessary therefor) shall constitute an Event of Default hereunder. Landlord shall have the right, at any time, but shall not be required to, relieve Tenant of its obligation to perform the Restoration Work and to perform such work itself. Landlord shall have no obligation to advance funds for replacement or repair any of Tenant's Personal Property or any property required to be insured by Tenant pursuant to the provisions hereof; upon completion of the foregoing repair or reconstruction work, Tenant shall proceed with all due diligence to repair, restore or replace all of Tenant Personal Property and such other property as it is required to insure, and shall prosecute the same to complet...
Restoration by Tenant. If Landlord repairs the Premises as provided herein, Tenant shall repair and replace Tenant's Work, all items required to be insured by Tenant hereunder, and all other items required to restore the Premises to the condition required under Article 11 of this Lease. Tenant shall commence such work within ten (10) days following substantial completion by Landlord of any repairs required by Landlord hereunder and shall proceed diligently therewith to completion. Tenant's work hereunder shall constitute "Work" under Article 7 and shall be subject to all of the provisions thereof. Tenant may close the Premises for business to the extent reasonably required in connection with such Work.
Restoration by Tenant. If the City repairs the Premises as provided herein, Tenant shall repair and replace Tenant's Work, all items required to be insured by Tenant hereunder, and all other items required to restore the Premises to the condition required under this Agreement. Tenant shall commence such work within ten (10) days following substantial completion by the City of any repairs required by the City hereunder and shall proceed diligently therewith to completion. Tenant's work hereunder shall constitute "Work" under this Agreement and shall be subject to all of the provisions thereof. Tenant may close the Premises for business to the extent reasonably required in connection with such work.
Restoration by Tenant. Unless this Lease is terminated as provided in this Article 14, if the Premises shall be damaged by fire or other casualty, then Tenant shall (i) repair and restore all portions of the Premises not required to be restored by Landlord pursuant to this Article 14 to substantially the condition at the time of such casualty, (ii) equip the Premises with trade fixtures, equipment and all personal property necessary or proper for the operation of Tenant's business; and (iii) open for business in the Premises as soon thereafter as possible.
Restoration by Tenant. In the event the whole of, or any portion of, the Demised Premises shall, during the Term, be damaged or destroyed by fire or other casualty, and this Lease is not terminated pursuant to the provisions of Section 12.2 hereof, Tenant shall, promptly upon substantial completion of the restoration work to be performed by Landlord pursuant to Section 12.3(a), either: (i) promptly repair, restore, redecorate and refixture the Demised Premises in a manner and to at least a condition equal to that existing immediately prior to such damage or destruction; or (ii) provided Tenant received Landlord’s consent and approval for such repairs, restoration, redecoration and refixturing of the Demised Premises, request that Landlord perform such work in which case Landlord will perform such work as if under Section 12.3(a), on the condition that Tenant pays for all costs associated with such work and Tenant insures any such trade fixtures, equipment or leasehold improvements.
Restoration by Tenant. Notwithstanding anything to the contrary in this Lease, subject to the prior, written approval of First Mortgagee, Tenant may elect to perform any Restoration itself, or take over any Restoration in progress at any time, by giving written notice to Landlord. If Tenant elects to perform any Restoration itself, the proceeds of the Policy must be made available to Tenant for that Restoration in accordance with the First Mortgagee's standard construction disbursement procedure, or if there is no First Mortgagee, a customary construction disbursement procedure. Unless Tenant makes the election contained in this Section 16.6, except for the obligations under Section 16.7, Tenant has no obligation to restore the Premises after a Casualty.
Restoration by Tenant. If there shall be a partial taking and this Lease shall continue as to the remaining part of the Property, Tenant, as promptly as practicable, shall restore such remaining part as nearly as may be practicable to its former condition, but only upon receipt of, and to the extent of, the award made on account of such partial taking.
Restoration by Tenant. (A) In the event of damage to or destruction of any part of the Premises or Tenant's improvements on the Premises, by fire or other casualty, Tenant shall at its expense, promptly repair, restore or rebuild same. In no event shall any such damage or destruction cause a termination or suspension of this Lease or any of its terms or relieve Tenant of any obligation hereunder unless specifically expressed elsewhere herein.
Restoration by Tenant. Except as set forth in Section 14(c), in the event of any casualty (whether or not insured against) resulting in damage to the Leased Premises or any part thereof, the Term shall nevertheless continue and there shall be no abatement or reduction of Basic Rent, Additional Rent or any other sums payable by Tenant hereunder. Except as otherwise provided in Paragraph 14(a) hereof, any Proceeds of such insurance payments shall be retained by the Trustee and, promptly after such casualty, Tenant shall commence and diligently continue to perform the Restoration to the Leased Premises. Upon payment to the Trustee of such Proceeds, if any, the Trustee shall make the Proceeds available to Tenant for use in performing the Restoration in accordance with the provisions of Paragraph 15. Tenant shall, whether or not the Proceeds are sufficient for the purpose or whether or not Tenant is self- insuring, promptly commence and complete the Restoration in accordance with all Insurance Requirements and Legal Requirements and the provisions of this Lease (including Tenant's making any desired Alterations allowed hereunder) and the Proceeds, if any, of such casualty loss shall thereupon be payable to Tenant, subject to the provisions of Paragraph 15 hereof. Notwithstanding the foregoing, in the event that any damage or destruction shall occur at. such time as Tenant is self- insuring, and so long as Tenant has a Tangible Net Worth of not less than Two Hundred Million Dollars ($200,000,000.00), Tenant shall proceed with Restoration as provided herein and shall not be required to pay to the Trustee the amount of the proceeds that would have been payable had such self-insurance program not been in effect. Funds so used by Tenant to restore the Leased Premises shall not be included in the definition of "Proceeds" or in the "Restoration Funds".
Restoration by Tenant. In the event of a Casualty to the Premises, subject to Landlord’s restoration obligations under Section 18(a) hereof, Tenant, at its expense, shall promptly perform, subject to delays arising from the collection of insurance proceeds, from Force Majeure (as defined in Section 34) events or to obtain Hazardous Material Clearances, all repairs or restoration not required to be done by Landlord and shall promptly re-enter the Premises and commence doing business in accordance with this Lease. Notwithstanding the foregoing, Landlord may terminate this Lease if the Premises are damaged during the last year of the Term and Landlord reasonably estimates that it will take more than 2 months to repair such damage, or if insurance proceeds are not available for such restoration.
