Common use of Uninsured Damage Clause in Contracts

Uninsured Damage. In the event the Leased Premises, the Building or the Project shall be damaged as a result of any casualty not covered by Landlord’s insurance, to any extent whatsoever, Landlord may, subject to Force Majeure, within ninety (90) days following the date of the casualty, commence repair, reconstruction or restoration of the Leased Premises and prosecute the same diligently to completion, in which event this Lease shall continue in full force and effect, or within such ninety (90) day period elect not to so repair, reconstruct or restore the Leased Premises, the Building or the Project, as the case may be, in which event this Lease shall cease and terminate. In either event, Landlord shall give Tenant written notice of Landlord’s intention within such ninety (90) day period.

Appears in 2 contracts

Samples: Office Lease (SenesTech, Inc.), Office Lease (SenesTech, Inc.)

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Uninsured Damage. In the event the Leased Premises, the Building or the Project shall be damaged as a result of any casualty not covered by Landlord’s 's insurance, to any extent whatsoever, Landlord may, subject to Force Majeure, within ninety (90) days following the date of the casualty, commence repair, reconstruction or restoration of the Leased Premises and prosecute the same diligently to completionPremises, in which event this Lease shall continue in full force and effect, or within such ninety (90) day period elect not to so repair, reconstruct or restore the Leased Premises, the Building or the Project, as the case may be, in which event this Lease shall cease and terminate. In either event, Landlord shall give Tenant written notice of Landlord’s 's intention within such ninety (90) day period.

Appears in 1 contract

Samples: Office Lease (Managed Care Solutions Inc)

Uninsured Damage. In the event the Leased Premises, the Building or the Project Property shall be damaged as a result of any casualty not covered by Landlord’s 's insurance, to any extent whatsoever, Landlord may, subject to Force Majeure, within ninety one hundred eighty (90180) days following the date of the casualty, commence repair, reconstruction or restoration of the Leased Premises and prosecute the same diligently to completionPremises, in which event this Lease shall continue in full force and effect, or within such ninety one hundred eighty (90180) day period elect not to so repair, reconstruct or restore the Leased Premises, the Building or the ProjectProperty, as the case may be, in which event this Lease shall cease and terminate. In either event, Landlord shall give Tenant written notice of Landlord’s 's intention within such ninety one hundred eighty (90180) day period.

Appears in 1 contract

Samples: Industrial Lease (Studio One Media, Inc.)

Uninsured Damage. In the event the Leased Premises, the Building or the Project shall be damaged as a result of any casualty not covered by Landlord’s 's insurance, to any extent whatsoever, Landlord may, subject to Force Majeure, within ninety sixty (9060) days following the date of the casualty, commence repair, reconstruction or restoration of the Leased Premises and prosecute the same diligently to completionPremises, in which event this Lease shall continue in full force and effect, or within such ninety sixty (9060) day period elect not to so repair, reconstruct or restore the Leased Premises, the Building or the Project, as the case may be, in which event this Lease shall cease and terminate. In either event, Landlord shall give Tenant written notice of Landlord’s 's intention within such ninety one hundred eighty (90180) day period.

Appears in 1 contract

Samples: Office Lease (Orthopedic Biosystems LTD Inc)

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Uninsured Damage. In the event the Leased Premises, the Building or the Project Property shall be damaged as a result of any casualty not covered by Landlord’s insurance, to any extent whatsoever, Landlord may, subject to Force Majeure, within ninety one hundred twenty (90120) days following the date of the casualty, commence repair, reconstruction or restoration of the Leased Premises and prosecute the same diligently to completionPremises, in which event this Lease shall continue in full force and effect, or within such ninety (90) day period days following the casualty elect not to so repair, reconstruct or restore the Leased Premises, the Building or the ProjectProperty, as the case may be, in which event this Lease shall cease and terminate. In either event, Landlord shall give Tenant written notice of Landlord’s intention within such ninety (90) day period.

Appears in 1 contract

Samples: Industrial Lease (Eschelon Telecom Inc)

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