Common use of Termination in the Event of Damage Clause in Contracts

Termination in the Event of Damage. Notwithstanding the other provisions of this Lease, if the Building or the Rights in Common is damaged or destroyed by any casualty against which the Landlord is insured so as to render the Leased Premises unfit for the purpose of the Tenant or incapable of access, the Rent reserved by this Lease or a proportionate part thereof shall xxxxx to the extent of insurance recoveries received by the Landlord from the date of the damage or destruction, until the Leased Premises are rebuilt unless the Tenant is obliged to repair under the terms of this Lease; provided that upon the delivery of an Architect’s Certificate to the effect:

Appears in 3 contracts

Samples: Lease Amending Agreement (Intellon Corp), Lease Amending and Extension Agreement (Intellon Corp), Intellon Corp

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Termination in the Event of Damage. Notwithstanding the other provisions of this Lease, if the Building or the Rights in Common is damaged or destroyed by any casualty against which the Landlord is insured so as to render the Leased Premises unfit for the purpose of the Tenant or incapable of accessTenant, the Rent reserved by this Lease or a proportionate part thereof shall xxxxx to the extent of insurance recoveries received by the Landlord from the date of the damage or destruction, until the Leased Premises are rebuilt unless the Tenant is obliged to repair under the terms of this the Lease; provided that upon the delivery of an Architect’s Certificate to the effect:

Appears in 1 contract

Samples: Pivotal Corp

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