Common use of Verification of Restoration and Rebuilding Clause in Contracts

Verification of Restoration and Rebuilding. In the event of Casualty or Condemnation, to verify Lessee's compliance with the foregoing Sections 10.3 and 10.4, Lessor, the Agent, the Lenders and their respective authorized representatives may, upon five (5) Business Days' notice to Lessee, make inspections of the affected Leased Property with respect to (i) the extent of the Casualty or Condemnation and (ii) the restoration and rebuilding of the related Building and the Land. All actual and reasonable out-of-pocket costs of such inspections incurred by Lessor, the Agent or any Lender will be paid by Lessee promptly after written request. No such inspection shall unreasonably interfere with Lessee's operations or the operations of any other occupant of such Leased Property. None of the inspecting parties shall have any duty to make any such inspection or inquiry and none of the inspecting parties shall incur any liability or obligation by reason of making or not making any such inspection or inquiry.

Appears in 3 contracts

Samples: Master Agreement (Ruby Tuesday Inc), Master Agreement (Ruby Tuesday Inc), Master Agreement (Ruby Tuesday Inc)

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Verification of Restoration and Rebuilding. In the event of Casualty or Condemnation, to verify Lessee's compliance with the foregoing Sections SECTIONS 10.3 and 10.4, Lessor, the Agent, the Lenders and their respective authorized representatives may, upon five (5) Business Days' notice to Lessee, make inspections of the affected Leased Property with respect to (i) the extent of the Casualty or Condemnation and (ii) the restoration and rebuilding of the related Building and the Land. All actual and reasonable out-of-pocket costs of such inspections incurred by Lessor, the Agent or any Lender will be paid by Lessee promptly after written request. No such inspection shall unreasonably interfere with Lessee's operations or the operations of any other occupant of such the Leased Property. None of the inspecting parties shall have any duty to make any such inspection or inquiry and none of the inspecting parties shall incur any liability or obligation by reason of making or not making any such inspection or inquiry.

Appears in 2 contracts

Samples: Lease Agreement (Supreme International Corp), Lease Agreement (Supreme International Corp)

Verification of Restoration and Rebuilding. In the event of Casualty or CondemnationCondemnation in excess of $10,000,000, to verify Lessee's compliance with the foregoing Sections 10.3 and 10.4, Lessor, the Agent, the Lenders and their respective authorized representatives may, upon five (5) Business Days' prior notice to Lessee, make inspections of the affected Leased Property with respect to (i) the extent of the Casualty or Condemnation and (ii) the restoration and rebuilding of the related Building and the Land. All actual and reasonable out-of-pocket costs of such inspections incurred by Lessor, the Agent or any Lender will be paid by Lessee promptly after written request. No such inspection shall unreasonably interfere with Lessee's operations or the operations of any other occupant of such the Leased Property. None of the inspecting parties shall have any duty to make any such inspection or inquiry and none of the inspecting parties shall incur any liability or obligation by reason of making or not making any such inspection or inquiryinquiry (other than for such inspecting party's gross negligence or willful misconduct).

Appears in 1 contract

Samples: Lease Agreement (Richfood Holdings Inc)

Verification of Restoration and Rebuilding. In the event of Casualty or Condemnation, to verify the related Lessee's compliance with the foregoing Sections Section 10.3 and or 10.4, as appropriate, Lessor, the Agent, the Lenders Lender and their respective authorized representatives may, upon five (5) Business Days' notice to such Lessee, make inspections of the affected Leased Property with respect to (i) the extent of the Casualty or Condemnation and (ii) the restoration and rebuilding of the related Building and the Land. All actual and reasonable out-of-pocket costs of such inspections incurred by Lessor, the Agent or any the Lender will be paid by the related Lessee promptly after written request. No such inspection shall unreasonably interfere with the related Lessee's operations or the operations of any other occupant of such Leased Property. None of the inspecting parties shall have any duty to make any such inspection or inquiry and none of the inspecting parties shall incur any liability or obligation by reason of making or not making any such inspection or inquiry.

Appears in 1 contract

Samples: Master Lease Agreement (Dollar General Corp)

Verification of Restoration and Rebuilding. In the event of ------------------------------------------ Casualty or Condemnation, to verify Lessee's compliance with the foregoing Sections 10.3 and 10.4, Lessor, the Agent, the Lenders and their respective ------------- ---- authorized representatives may, upon five (5) Business Days' notice to Lessee, make inspections of the affected Leased Property with respect to (i) the extent of the Casualty or Condemnation and (ii) the restoration and rebuilding of the related Building and the Land. All actual and reasonable out-of-pocket costs of such inspections incurred by Lessor, the Agent or any Lender will be paid by Lessee promptly after written requestrequest therefor. No such inspection shall unreasonably interfere with Lessee's operations or the operations of any other occupant of such the Leased Property. None of the inspecting parties shall have any duty to make any such inspection or inquiry and none of the inspecting parties shall incur any liability or obligation by reason of making or not making any such inspection or inquiry.

Appears in 1 contract

Samples: Master Agreement (Sterling Commerce Inc)

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Verification of Restoration and Rebuilding. In the event of a Casualty or Condemnation, to verify Lessee's ’s compliance with the foregoing Sections 10.3 its obligations in Section 10.1(c), Lessor and 10.4, Lessor, the Agent, the Lenders and their respective its authorized representatives representative may, (A) upon five (5) Business Days' notice to Lessee, make inspections of the affected Leased Property with respect to (i) the extent of the Casualty or Condemnation and (ii) the restoration and rebuilding of the related Building Improvements and the Land(B) receive periodic updates at no cost from Lessee’s independent architect contracted in connection with such restoration and rebuilding. All actual and reasonable out-of-pocket costs of such inspections incurred by Lessor, the Agent or any Lender Lessor will be paid by Lessee promptly after written request. No such inspection shall unreasonably interfere with Lessee's ’s operations or the operations of any other occupant of such the Leased Property. None of the inspecting parties shall have any duty to make any such inspection or inquiry and none of the inspecting parties shall incur any liability or obligation by reason of making or not making any such inspection or inquiry.

Appears in 1 contract

Samples: Amended and Restated Lease Agreement (Lennox International Inc)

Verification of Restoration and Rebuilding. In the event of Casualty or Condemnation, to verify Lessee's compliance with the foregoing Sections Section 10.3 and or 10.4, as appropriate, Lessor, the Agent, the Lease Participants, the Lenders and their respective authorized representatives may, upon five (5) Business Days' notice to Lessee, make inspections of the affected Leased Property with respect to (i) the extent of the Casualty or Condemnation and (ii) the restoration and rebuilding of the related Building and the Land. All actual and reasonable out-of-pocket costs of such inspections incurred by Lessor, the Agent Agent, any Lease Participant or any Lender will be paid by Lessee promptly after written request. No such inspection shall unreasonably interfere with Lessee's operations or the operations of any other occupant of such Leased Property. None of the inspecting parties shall have any duty to make any such inspection or inquiry and none of the inspecting parties shall incur any liability or obligation by reason of making or not making any such inspection or inquiry.

Appears in 1 contract

Samples: Lease Participation Agreement (Aaron Rents Inc)

Verification of Restoration and Rebuilding. In the ------------------------------------------ event of Casualty or Condemnation, to verify the Lessee's compliance with the foregoing Sections Section 10.3 and or 10.4, as appropriate, the Lessor, the Agent, ------------ ---- the Lenders and their respective authorized representatives may, upon five (5) Business Days' notice to the Lessee, make inspections of the affected Leased Property with respect to (i) the extent of the Casualty or Condemnation and (ii) the restoration and rebuilding of the related Building and the Land. All actual and reasonable out-of-pocket costs of such inspections incurred by the Lessor, the Agent or any Lender will be paid by the Lessee promptly after written request. No such inspection shall unreasonably interfere with the Lessee's operations or the operations of any other occupant of such the Leased Property. None of the inspecting parties shall have any duty to make any such inspection or inquiry and none of the inspecting parties shall incur any liability or obligation by reason of making or not making any such inspection or inquiry.

Appears in 1 contract

Samples: Master Lease Agreement (Jones Financial Companies Lp LLP)

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