Common use of Restoration of Damage Clause in Contracts

Restoration of Damage. If the Demised Premises are partially damaged by fire, the elements or other casualty, covered by the "all risk" insurance policy referred to hereinabove, Landlord shall promptly repair all damage and restore the Demised Premises to their condition immediately prior to the occurrence of such damage. During the period of reconstruction referred to above, rent payable by Tenant shall ratably abate, based on the percentage of the Demised Premises usable during xxxxxstruction. The term of the Lease shall extend one additional day for each day the entire Demised Premises are not usable due to the reconstruction process. If the Demised Premises shall be totally destroyed and/or shall it be determined that more than one hundred eighty (180) days will be required to repair or rebuild the Demised Premises, both Landlord and Tenant shall have the right to terminate this Lease Agreement upon written notice to the other within thirty (3)) days of the occurrence at which time this Lease Agreement shall become null and void.

Appears in 2 contracts

Samples: Lease Assignment (Broadview Media Inc), Lease Assignment (Broadview Media Inc)

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Restoration of Damage. If the Demised Premises are partially damaged by fire, the elements or other casualty, casualty covered by the "all risk" insurance policy referred to hereinaboveherein above, Landlord shall promptly repair all damage and restore the Demised Premises to their condition immediately prior to the occurrence of such damage. During the period of reconstruction referred to above, rent payable by Tenant shall ratably abateabatx, based on xxsed upon the percentage of the Demised Premises usable during xxxxxstructionreconstruction. The term of the Lease shall extend one additional day for each day the entire Demised Premises are not usable due to the reconstruction process. If the Demised Premises shall be totally destroyed and/or shall it be determined that more than one hundred eighty (180) days will be required to repair or rebuild the Demised Premises, both Landlord and Tenant shall have the right to terminate this Lease Agreement upon written notice to the other within thirty (3)30) days of the occurrence at which time this Lease Agreement shall become null and void.

Appears in 1 contract

Samples: Lease Agreement (Iomed Inc)

Restoration of Damage. If the Demised Premises are partially damaged by fire, the elements or other casualty, casualty covered by the "all risk" insurance policy referred to hereinaboveherein above, Landlord shall promptly repair all damage and restore the Demised Premises to their condition immediately prior to the occurrence of such damage. During the period of reconstruction referred to above, rent payable by Tenant shall ratably abatexxxxx, based on upon the percentage of the Demised Premises usable during xxxxxstructionreconstruction. The term of the Lease shall extend one additional day for each day the entire Demised Premises are not usable due to the reconstruction process. If the Demised Premises shall be totally destroyed and/or shall it be determined that more than one hundred eighty (180) days will be required to repair or rebuild the Demised Premises, both Landlord and Tenant shall have the right to terminate this Lease Agreement upon written notice to the other within thirty (3)30) days of the occurrence at which time this Lease Agreement shall become null and void.

Appears in 1 contract

Samples: Lease Agreement (Paradigm Medical Industries Inc)

Restoration of Damage. If the Demised Premises are partially damaged by fire, the elements or other casualty, covered by the "all risk" insurance policy referred to hereinabove, Landlord shall promptly repair all damage and restore the Demised Premises to their condition immediately prior to the occurrence of such damage. During the period of reconstruction referred to above, rent payable by Tenant shall ratably abate, based on the percentage of the Demised Premises usable during xxxxxstructionusablx xxxing reconstruction. The term of the Lease shall extend one additional day for each day the entire Demised Premises are not usable due to the reconstruction process. If the Demised Premises shall be totally destroyed and/or shall it be determined that more than one hundred eighty (180) days will be required to repair or rebuild the Demised Premises, both Landlord and Tenant shall have the right to terminate this Lease Agreement upon written notice to the other within thirty (3)30) days of the occurrence at which time this Lease Agreement shall become null and void.

Appears in 1 contract

Samples: Lease Agreement (Laser Corp)

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Restoration of Damage. If the Demised Premises are partially damaged by fire, the elements or other casualty, casualty covered by the "all risk" insurance policy referred to hereinaboveherein above, Landlord shall promptly repair all damage and restore the Demised Premises to their condition immediately prior to the occurrence of such damage. During the period of reconstruction referred to above, rent payable by Tenant shall ratably abate, based on upon the percentage of the xx xxe Demised Premises usable during xxxxxstructionreconstruction. The term of the Lease shall extend one additional day for each day the entire Demised Premises are not usable due to the reconstruction process. If the Demised Premises shall be totally destroyed and/or shall it be determined that more than one hundred eighty sixty (18060) days will be required to repair or rebuild the Demised Premises, both Landlord and Tenant shall have the right to terminate this Lease Agreement upon written notice to the other within thirty (3)30) days of the occurrence at which time this Lease Agreement shall become null and void.

Appears in 1 contract

Samples: Lease Agreement (Paradigm Medical Industries Inc)

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