Uninsured Risk Sample Clauses
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Uninsured Risk. 9.1 For the purposes of this Clause 9:
(a) these provisions shall apply from the date on which any Insured Risk becomes an Uninsured Risk but only in relation to the Uninsured Risk;
(b) references to an Insured Risk becoming an Uninsured Risk shall, without limitation, include the application by the Superior Landlord's insurers of an exclusion, condition or limitation to an Insured Risk to the extent to which such risk thereby is or become an Uninsured Risk; and
(c) the Landlord shall notify the Tenant in writing as soon as reasonably practicable after receiving notification that an Insured Risk has become an Uninsured Risk.
9.2 If the Building or any part of it shall be damaged or destroyed by an Uninsured Risk so as to make the Premises unfit for occupation or use or inaccessible:
(a) The Principal Rent and the Building Service Charge, the Estate Service Charge and Block Service Charge (or a fair proportion according to the nature and extent of the damage sustained) will be suspended from the relevant date of damage or destruction until:
(i) the Property is again made fit for occupation or use (excluding fitting out and replacements of contents) or made accessible (as the case may be); or (if earlier)
(ii) the date on which this Lease shall be terminated in accordance with Clause 9.2(b) or Clause 9.5; and
(b) If the Superior Landlord serves notice on the Landlord confirming that it will reinstate the Property (a "Reinstatement Notice") so that the Property shall be fit for occupation or use or made accessible the Landlord shall inform the Tenant of the same and if the Superior Landlord fails to serve a Reinstatement Notice the Lease will automatically end of the date one year after the date of such damage or destruction.
9.3 If the Superior Landlord serves a Reinstatement Notice in accordance with Clause 9.2 then the Landlord shall ensure that the Superior Landlord complies with its obligation to carry out the reinstatement of the Building and the Property as if the damage had been caused by an Insured Risk.
9.4 This clause 9 (Uninsured Risks) shall not apply if an Insured Risk shall have become an Uninsured Risk owing to the act in breach of this lease or default of the Tenant of any person deriving title under the Tenant or their respecting agent, employees, licensees or contractors .
9.5 If the Superior Landlord shall have served a Reinstatement Notice and such reinstatement has not been completed by the date three years from the date of the Reinstate...
Uninsured Risk. ‘Uninsured Risk’ means an Insured Risk against which insurance is or ceases to be obtainable on normal commercial terms in the London insurance market at rates generally available in the London insurance market for a property of this type, size and location.
Uninsured Risk. If the Premises are damaged during the Lease Term by a risk not required to be covered by Landlord's insurance and not caused by the negligence of Tenant, its agents, employees, or contractors or subtenants, then subject to Tenant's right to terminate this Lease as provided in subparagraph (a) above or to continue this Lease as provided in this subparagraph (c), Landlord may either restore the Premises at Landlord's expense, in which case this Lease shall continue or terminate this Lease. Landlord shall make its election no later than 10 days after Tenant's written request to Landlord. Tenant may continue the Lease despite Landlord's election to terminate if Tenant notifies Landlord within 10 days after receipt of Landlord's notice to terminate that Tenant intends to restore the damage at its expense.
