Common use of Restoration Work Clause in Contracts

Restoration Work. All restoration work required to be performed under this Article 17 shall be done by a contractor acceptable to Landlord and Tenant, and shall be done in a first class manner, using only new materials, and in accordance with all applicable laws. Tenant shall submit to Landlord the plans and the timetable for completion of the restoration work within thirty (30) days of the date of the damage, casualty or destruction, and Landlord shall have fifteen (15) days within which to approve the same; provided, however, that in the event Landlord fails to respond within said fifteen (15) day period, such plans and timetable shall be deemed approved. Thereafter, Tenant shall commence such restoration work and thereafter shall diligently pursue such restoration work to completion. All insurance proceeds shall be made available to Tenant for the repair and restoration of the Premises. Rent shall xxxxx for the period of time that Tenant is diligently pursuing restoration of the Premises.

Appears in 4 contracts

Samples: Lease Agreement (Petro Stopping Centers Holdings Lp), Lease Agreement (Petro Stopping Centers L P), Lease Agreement (Petro Stopping Centers Holdings Lp)

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