Common use of Restoration in the Event of Damage or Destruction Clause in Contracts

Restoration in the Event of Damage or Destruction. 14.2.1 If any Leased Improvements are totally or partially damaged or destroyed and the Facility thereon is thereby rendered Unsuitable for its Primary Intended Use, Tenant shall give Landlord Notice of such damage or destruction within fifteen (15) Business Days of the occurrence thereof. Within ninety (90) days of such occurrence, Tenant shall commence and thereafter diligently proceed to complete the restoration of the damaged or destroyed Leased Improvements to substantially the same (or better) condition as that which existed immediately prior to such damage or destruction.

Appears in 5 contracts

Samples: Lease (Monarch Properties Inc), Master Lease (Integrated Health Services Inc), Lease (Monarch Properties Inc)

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Restoration in the Event of Damage or Destruction. 14.2.1 If any Leased Improvements are totally or partially damaged or destroyed and the Facility thereon is thereby rendered Unsuitable for its Primary Intended Use, Tenant Lessee shall give Landlord Lessor Notice of such damage or destruction within fifteen (15) Business Days of the occurrence thereof. Within ninety (90) days of such occurrence, Tenant Lessee shall commence and thereafter diligently proceed to complete the restoration of the damaged or destroyed Leased Improvements to substantially the same (or better) condition as that which existed immediately prior to such damage or destruction.

Appears in 1 contract

Samples: Master Lease (Integrated Health Services Inc)

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