Common use of Uninsured Damage Clause in Contracts

Uninsured Damage. In the event of any damage or destruction of the Premises or any building in which the Premises are located by an uninsured casualty, Landlord shall have the right to elect either to repair such damage or to terminate this Lease. Such election shall be exercised by written notice to Tenant within forty-five (45) days of such damage or destruction.

Appears in 9 contracts

Samples: Lease Agreement, Standard Industrial Lease (Brooks Automation Inc), Lease Agreement (Sophiris Bio Inc.)

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Uninsured Damage. In the event of any damage or destruction of the Premises or any building in the building(s) of which the Premises are located a part by an uninsured casualty, Landlord shall have the right to elect either to repair such damage or to terminate this Lease. Such election shall be exercised by written notice to Tenant within forty-five (45) days of such damage or destruction.

Appears in 2 contracts

Samples: Sublease Agreement (Tenby Pharma Inc), Standard Industrial Net Lease (Avanir Pharmaceuticals)

Uninsured Damage. In the event of any damage or destruction of the Premises or any building in which the Premises are located Building by an uninsured casualty, Landlord shall have the right to elect either to repair such damage or to terminate this Lease. Such election shall be exercised by written notice to Tenant within forty-five (45) days of such damage or destruction.

Appears in 1 contract

Samples: Standard Industrial Net Lease (Avanir Pharmaceuticals)

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Uninsured Damage. In the event of any damage or destruction of the Premises or any building in which the Premises are located by an uninsured casualty, Landlord shall have the right to elect either to repair such damage or to terminate temminate this Lease. Such election shall be exercised by written notice to Tenant within forty-five (45) days of such damage or destruction.

Appears in 1 contract

Samples: Standard Industrial Net Lease (Sgi International)

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