FIRE CLAUSE definition

FIRE CLAUSE. This Lease is made on condition that, if the Premises, or any part thereof, or the approaches thereto, be destroyed or damaged by fire or other unavoidable casualty covered by standard fire and extended coverage insurance policy, so as to render the Premises and/or approaches unfit for use and occupancy, a just and proportionate part of the rent, according to the nature and extent of the injury to the Premises and/or approaches, shall be suspended and abated until the Premises and approaches shall have been put in as good condition for use and occupancy as at the time of such damage or destruction, or until this Lease shall be canceled and terminated as next hereinafter provided, as the case may be. It shall be the duty of Landlord to determine and to notify Tenant in writing, within sixty (60) days after such damage or destruction, the date by which the Premises can be fully restored, with reasonable diligence. If that date by which such restoration can be completed, as stated in Landlord's notice, shall be later than six (6) months after such damage or destruction, then either party hereto shall have the right, to be exercised within thirty (30) days after receipt of such notice from Landlord, to cancel and terminate this Lease, by giving to the other party a written notice of its desire so to cancel and terminate; but if this Lease shall not be so canceled, it shall remain in full force and effect and Tenant shall reoccupy the Premises when fully restored. However, if the date by which such restoration can be completed, as stated in Landlord's notice,
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FIRE CLAUSE. In the event that the premises hereby demised, or the building of which the same is a part, shall be partially damaged by fire, the elements, civil disorder, or other casualty, the Lessee shall give immediate notice thereof to the Lessor and the same shall be repaired at the expense of the Lessor without unreasonable delay. Lessee shall receive an abatement of rent proportionate to the damage to the demised premises; and in the event that the damage should be so extensive as to render the demised premises untenantable, the rent shall cease until such time as the premises shall again be put into repair, but in the event of the building being damaged by fire or otherwise to such an extent as to render it necessary in the judgment of the Lessor not to rebuild the same (and whether or not the demised premises be affected), then, at the option of the Lessor, and upon notice to Lessee, and from thenceforth this Lease shall cease and come to an end, and the rent shall be apportioned and paid up to date of such damage. If Lessor elects to rebuild the premises and continue this Lease, Lessor shall notify Lessee of such intention within thirty (30) days of the date of the damage; otherwise, this Lease shall be deemed canceled and of no further force and effect.
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Examples of FIRE CLAUSE in a sentence

  • IT IS MUTUALLY COVENANTED AND AGREED, THAT FIRE CLAUSE FOURTH.--If the demised premises shall be partially damaged by fire or other cause without the fault or neglect of Tenant, Tenant's servants, employees, agents, visitors or licensees, the damages shall be repaired by and at the expense of Landlord and the rent until such repairs shall be made shall be apportioned according to the part of the demised premises which is usable by Tenant.

  • IT IS MUTUALLY COVENANTED AND AGREED, THAT FIRE CLAUSE FOURTH.--If the demised premises shall be partially damaged by fire or other cause without the fault or neglect of Tenant, Tenant's servants, employees, agents, visitors or licensees, the damages shall be repaired by and at the expense of landlord and the rent until such repairs shall be made shall be apportioned according to the part of the demised premises which is usable by Tenant.

  • FIRE CLAUSE: In the event that the leased premises shall be destroyed or damaged to such an extent by fire or other casualty, that they are rendered untenantable, the Landlord shall have the right to render said premises tenantable by repairs within ninety (90) days therefrom.

  • No penalty shall accrue for reasonable delay which may arise by reason of adjustment of insurance on the part of Landlord and/or Tenant, and for reasonable delay on account of "labor FIRE CLAUSE troubles", or any other cause, beyond Landlord's control.

  • THE TENANT JOINTLY AND SEVERALLY COVENANTS: REPAIRS ORDINANCES AND VIOLATIONS ENTRY INDEMNIFY LANDLORD MOVING INJURY SURRENDER NEGATIVE COVENANTS OBSTRUCTION SIGNS AIR CONDITIONING FIRE CLAUSE EMINENT DOMAIN LEASE NOT IN EFFECT DEFAULTS TEN DAY NOTICE F IRST-that the Tenant will pay the rent as above provIded.

  • IT IS MUTUALLY COVENANTED AND AGREED, THAT FIRE CLAUSE FOURTH.—If the demised premises shall be partially damaged by fire or other cause without the fault or neglect of Tenant, Tenant's servants, employees, agents, visitors or licensees, the damages shall be repaired by and at the expense of Landlord and the rent until such repairs shall be made shall be apportioned according to the part of the demised premises which is usable by Tenant.

  • Further, Covenant Fourth, FIRE CLAUSE, of the preprinted portion of the lease, notwithstanding to the contrary, in the event more than fifty percent of the premises are taken, then Tenant shall have the option to terminate this lease as of the day of casualty with Tenant's residual obligations the same as if the lease had run its full term.

  • FIRE CLAUSE In the event of damage by fire or other causes resulting from fault or negligence of Tenant or Tenant's agents, employees, invitees or visitors, the same shall be repaired by and at the expense of Tenant under the direction and supervision of Landlord.

  • IT IS MUTUALLY COVENANTED AND AGREED, THAT FIRE CLAUSE FOURTH.-If the demised premises shall be partially damaged by fire or other cause without the fault or neglect of Tenant, Tenant's servants, employees, agents, visitors or licensees, the damages shall be repaired by and at the expense of Landlord and the rent until such repairs shall be made shall be apportioned according to the part of the demised premises which is usable by Tenant.

  • IT IS MUTUALLY COVENANTED AND AGREED, THAT FIRE CLAUSE FOURTH.—If the demised premises shall be partially damaged by fire or other cause without the fault or neglect of Tenant, Tenant’s servants, employees, agents, visitors or licensees, the damage= shall be repaired by and at the expense of Landlord and the rent until such repairs shall be made shall be apportioned according to the part of the demised premises which is usable by Tenant.

Related to FIRE CLAUSE

  • Model Clauses means the standard contractual clauses annexed to the EU Commission Decision 2010/87/EU of 5 February 2010 for the transfer of Personal Data to Processors established in third countries under the EU Directives and any amendment, replacement or renewal thereof by the European Commission.

  • Additional Clauses means the additional Clauses specified in paragraph 2.1 of Annex A to this Contract that were requested in the Order by the CUSTOMER and that shall apply to this Contract.

  • EU Model Clauses means the (Standard Contractual Clauses (processors)) or any subsequent version thereof published by the European Commission (which will automatically apply). The Standard Contractual Clauses current as of the effective date of the Agreement are attached hereto as Appendix 4.

  • Due-on-sale clause means a contract provision which authorizes the lender, at its option, to declare due and payable sums secured by the lender's security instrument if all or any part of the property, or an interest in the property, securing the real property loan is sold or transferred without the lender's prior written consent.

  • Deemer clause means a provision under this title under which upon the