Common use of Tenant’s Obligation to Rebuild Clause in Contracts

Tenant’s Obligation to Rebuild. Unless this Lease is terminated as aforesaid, Tenant shall, subject to the conditions and limitations set forth below, repair and restore the Premises as nearly as commercially reasonably possible to their value, condition and character immediately prior to such damage or destruction, with reasonable promptness subject to reasonable delays for insurance adjustments and delays caused by matters beyond Tenant’s reasonable control (and in no event shall Tenant have any liability to Landlord in the event such repairs and restoration shall take an excess of said twelve (12) month period, provided Tenant is proceeding with due diligence). Rent hereunder shall not xxxxx and Tenant shall remain liable for the payment of Rent and all real estate taxes and other Impositions payable by Tenant pursuant to Article IV above during the period of such restoration.

Tenant’s Obligation to Rebuild. Unless this Lease is terminated as aforesaid, the Tenant shall, subject to the conditions and limitations set forth below, repair and restore the Premises as nearly as commercially reasonably possible to their value, condition and character immediately prior to such damage or destruction, with reasonable promptness promptness, subject to reasonable delays for insurance adjustments and delays caused by matters beyond the Tenant’s reasonable control (and in no event shall the Tenant have any liability to the Landlord in the event such repairs and restoration shall take an excess of said twelve (12) month period, provided the Tenant is proceeding with due diligence). Rent hereunder shall not xxxxx and the Tenant shall remain liable for the payment of Rent and all real estate taxes and other Impositions payable by Tenant the Tenant, pursuant to Article IV above Section 5 above, during the period of such restoration.