TOTAL DEMISE Sample Clauses

TOTAL DEMISE. 16 Section 10.2. Partial Demise................................................................... 17 Section 10.3. Termination...................................................................... 17 Section 10.4. Insurance Deductible............................................................. 17
Sample 1
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TOTAL DEMISE. In the event that both of the Buildings are made materially untenantable by fire or other casualty and Landlord shall decide not to restore or repair same, then, in any of such events, Landlord shall have the right to terminate this Lease by notice to Tenant given within sixty (60) days after the date of such fire or other casualty and the Rent shall be apportioned on a per diem basis and paid to the date of such fire or other casualty. In the event both of the Buildings are made materially untenantable by fire or other casualty and Landlord does not so notify Tenant within sixty (60) days after the date of such fire or other casualty, then (i) Landlord shall commence to rebuild and restore the same within ninety (90) days after the date of such casualty, and Landlord shall complete such repair and restore the Premises to the extent of any insurance proceeds within eighteen (18) months after the date of such casualty with respect to the Office Building and nine (9) months after the date of such casualty with respect to the Warehouse Budding, subject, however, to extensions of such time periods due to Force Majeure Delays, and (ii) this Lease shall not terminate. In the event that this Lease is not terminated as provided above, Rent shall xxxxx in proportion to the non-useability of the Premises while repairs are in progress.
Sample 1
TOTAL DEMISE. In the event that (a) the Premises are ------------ made untenantable by fire or other casualty and Landlord shall decide not to restore or repair same, or (b) the Building is so damaged by fire or other casualty that Landlord shall decide to demolish or not rebuild the same, then, in any of such events, Landlord shall have the right to terminate this Lease by notice to Tenant given within ninety (90) days after the date of such fire or other casualty and the Rent shall be apportioned on a per diem basis and paid to the date of such fire or other casualty. In the event the Premises are made untenantable by fire or other casualty and Landlord shall decide to rebuild and restore the same, this Lease shall not terminate and Landlord shall repair and restore the Premises at Landlord's expense and with due diligence within one hundred eighty (180) days with the right to extend said time period for a total period of two hundred forty (240) days due to (i) reasonable delays for insurance adjustments and (ii) delays caused by matters beyond Landlord's control. Rent shall xxxxx on a per diem basis during the period of reconstruction and repair. Tenant shall have the right to terminate this Lease, upon written notice to Landlord within ten (10) days after the expiration of said time period (as same may be extended), in the event that the restoration or repair of the Premises is not substantially complete within said time period (as same may be extended).
Sample 1

Related to TOTAL DEMISE

  • Rentable Area 6.1. The term “Rentable Area” shall reflect such areas as reasonably calculated by Landlord’s architect, as the same may be reasonably adjusted from time to time by Landlord in consultation with Landlord’s architect to reflect changes to the Premises, the Building or the Project, as applicable.

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • Minimum Consolidated Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • Square Footage Buyer acknowledges that the square footage of the Property has not been measured by Seller, Seller’s broker or its auctioneer (including the square footage of the lot and home) and the square footage quoted on any marketing tools such as advertisements, brochures, MLS data, the auction website and any other information provided is based on information supplied to Seller and is deemed approximate and not guaranteed. Buyer further acknowledges that Buyer has not relied upon any such marketing tool and that such tools are not representations and/or warranties of Seller or its agent.

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Demise Subject to and upon the terms and conditions of this Lease, Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the Premises.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Minimum Fixed Charge Coverage Ratio As of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on March 31, 2015, Borrowers will maintain a Fixed Charge Coverage Ratio of not less than 1.20 to 1.00.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

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