Common use of Total or Partial Destruction of Leased Premises Clause in Contracts

Total or Partial Destruction of Leased Premises. If, during the Term, the Leased Premises are expropriated or totally or partially destroyed or damaged by any cause in respect of which the Lessor is insured, the following provisions shall have effect: a) If the Leased Premises are rendered partially unfit for occupancy by the Lessee, Gross Rent only shall xxxxx in part only, in the proportion that the part of the Leased Premises rendered unfit for occupancy by the Lessee bears to the whole of the Leased Premises or if the Leased Premises are rendered wholly unfit for occupancy by the Lessee the Rent hereby reserved shall be suspended in either event until the day following a reasonable period (taking into account the extent of the Lessee’s restoration) following completion of the Lessor’s restoration; b) Notwithstanding the provisions of subparagraph (a), if the Leased Premises in the opinion of the Architect shall be incapable of being rebuilt and/or repaired or restored with reasonable diligence within 180 days of the happening of such destruction or damage, then the Lessor may at its option terminate this Lease by notice in writing to the Lessee given within thirty (30) days of the date of such destruction or damage and in the event of such notice being so given this Lease shall cease and become null and void from the date of such destruction or damage and the Lessee shall immediately surrender the Leased Premises and all interest therein to the Lessor and the Rent shall be apportioned and shall be payable by the Lessee only to the date of such destruction or damage and the Lessor may re-enter and repossess the Leased Premises discharged of this Lease; If the Leased Premises are capable of being rebuilt and/or repaired or restored within 180 days of the happening of such damage or destruction or if within the period of thirty (30) days referred to in Section 10.01(b) the Lessor shall not give notice terminating this Lease, the Lessor shall with reasonable promptitude proceed to rebuild and/or repair or restore the Leased Premises to the extent of the Lessor’s repair obligations under the Lease and the Lessee shall immediately upon substantial completion of the Lessor’s work and, within a reasonable period determined by the Lessor (given the extent of the Lessee’s restoration) complete the restoration of the Leased Premises. The certificate of the Architect shall bind the parties as to the (i) extent to which the Leased Premises are unfit for occupancy; (ii) time required to rebuild and/or repair or restore the Leased Premises; and (iii) due completion of repairs.

Total or Partial Destruction of Leased Premises. If, during the Term, the Leased Premises are expropriated or totally or partially destroyed or damaged by any cause in respect of which the Lessor is insured, the following provisions shall have effect: a) If the Leased Premises are rendered partially unfit for occupancy by the Lessee, Gross Rent only rent shall xxxxx in part only, in the proportion that the part of the Leased Premises rendered unfit for occupancy by the Lessee bears to the whole of the Leased Premises or if the Leased Premises are rendered wholly unfit for occupancy by the Lessee the Rent rent hereby reserved shall be suspended in either event until the day following a reasonable period (taking into account the extent of the Lessee’s restoration) following completion of the Lessor’s restoration; b) Notwithstanding the provisions of subparagraph (a), if the Leased Premises in the opinion of the Architect Lessor shall be incapable of being rebuilt and/or repaired or restored with reasonable diligence within 180 days of the happening of such destruction or damage, or if the Lessor determines in good faith that such rebuilding, repairing or restoring is not advisable, then the Lessor may at its option terminate this Lease by notice in writing to the Lessee given within thirty (30) days of the date of such destruction or damage and in the event of such notice being so given this Lease shall cease and become null and void from the date of such destruction or damage and the Lessee shall immediately surrender the Leased Premises and all interest therein to the Lessor and the Rent rent shall be apportioned and shall be payable by the Lessee only to the date of such destruction or damage and the Lessor may re-enter and repossess the Leased Premises discharged of this Lease; If the Leased Premises are capable of being rebuilt and/or repaired or restored within 180 days of the happening of such damage or destruction and the Lessor chooses to do so, or if within the period of thirty (30) days referred to in Section 10.01(b6.01(b) the Lessor shall not give notice terminating this Lease, the Lessor shall with reasonable promptitude proceed to rebuild and/or repair or restore the Leased Premises to the extent of the Lessor’s repair obligations under the Lease and the Lessee shall immediately upon substantial completion of the Lessor’s work and, within a reasonable period determined by the Lessor (given the extent of the Lessee’s restoration) complete the restoration of the Leased Premises. The certificate of determination made in good faith by the Architect Lessor shall bind the parties as to the (i) extent to which the Leased Premises are unfit for occupancy; (ii) whether it is advisable to rebuild, repair or restore the Leased Premises or any part thereof; (iii) time required to rebuild and/or repair or restore the Leased Premises; and (iiiiv) due completion of repairs.