Premises Damage definition

Premises Damage means if the Premises are damaged or destroyed to any extent.

Premises Damage means that the Premises are damaged or destroyed to any extent.

Premises Damage means if the Premises are damaged or destroyed to any extent. (b) "Premises Building Partial Damage" shall mean if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is less than fifty percent (50%) of the then Replacement Cost of the building. (c) "Premises Building Total Destruction" shall mean if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building. (d) "Office Building Project Buildings" shall mean all of the buildings on the Office Building Project site. (e) "Office Building Project Buildings Total Destruction" shall mean if the Office Building Project Buildings are damaged or destroyed to the extent that the cost of repair is fifty percent (50%) or more of the Replacement Cost of the Office Building Project Buildings. (f) "Insured Loss" shall mean damage or destruction which was caused by an event required to be covered by the insurance described in paragraph 8. The fact that an Insured Loss has a deductible amount shall not make the loss an uninsured loss. (g) "Replacement Cost" shall mean the amount of money necessary to be spent in order to repair or rebuild the damaged area to the condition that existed immediately prior to the damage occurring, excluding all improvements made by lessees, other than those installed by Lessor at Xxxxxx's expense.

Examples of Premises Damage in a sentence

• In the case of a total destruction (Section 16.2) or Premises Damage that prevents Tenant from occupying the Premises for its permitted use, the effective date of such termination shall be the date of such Premises Damage; otherwise the effective date of termination shall be a date selected by Landlord not earlier than thirty (30) days from the date of Landlord’s notice.

• If Tenant has any right to terminate this Lease as a result of any Premises Damage (whether provided in this Lease, by law or otherwise) Landlord may prevent such termination by exercising, within forty-five (45) days of the Premises Damage, any right to relocate Tenant to new Premises in the Center provided in Section 24.24 of this Lease.

• In the case of a total destruction (Section 16.2) or Premises Damage that prevents Tenant from occupying the Premises for its permitted use, the effective date of such termination shall be the date of such Premises Damage; otherwise the effective date of termination shall be a date selected by Landlord not earlier than thirty (30) days from the date of Landlord's notice.

• If at any time during the last twelve (12) months of the Lease Term there is Premises Damage for which Replacement Cost exceeds one (1) month’s Minimum Monthly Rent, Landlord or Tenant may, at its option, elect to terminate this Lease; provided, however, that if Tenant has any valid, unexercised option to extend the term of this Lease, Tenant may prevent Landlord’s termination under this Section by exercising such option within five (5) business days of receipt of Landlord’s election to terminate.

• Subject to the provisions of paragraphs 9.4 and 9.5, if at any time during the term of this Lease there is damage which is not an Insured Loss and which falls within the classification of Premises Damage or Premises Building Partial Damage, unless caused by a negligent or willful act of Tenant (in which event Tenant shall make the repairs at Tenant’s expanse), which damage prevents Tenant from making any substantial use of the Premises.

More Definitions of Premises Damage

Premises Damage means if the Premises are damaged or destroyed to any extent but there has not been a Building Total Destruction.

Premises Damage means if the Premises are damaged or destroyed to any extent. (b) "Premises Building Partial Damage" shall mean if the Building is damaged or destroyed to the extent that the cost to repair is less than fifty percent (50%) of the then Replacement Cost of the Building. (c) "Premises Building Total Destruction" shall mean if the Building is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.

Premises Damage. PREMISES BUILDING PARTIAL DAMAGE.

Premises Damage means damage or destruction to the Premises or Property.

Premises Damage means if the Promises are damaged or destroyed to any extent.

Premises Damage means if the Premises are damaged or destroyed to any extent. (b) "Premises Partial Damage" shall mean if the Premises are damaged or destroyed to the extent that the cost of repair is less than thirty-three and one-third percent (33-1/3%) of the then Replacement Cost of the Building. (c) "Premises Total Destruction" shall mean if the Building is damaged or destroyed to the extent that the cost of repair is thirty-three and one-third percent (33-1/3%) or more of the then Replacement Cost of the Building. (d) "Building Total Destruction" shall mean if the Building is damaged or destroyed to the extent that the cost of repair is thirty-three and one-third percent (33-1/3%) or more of the then Replacement Cost of the Building. 13

Premises Damage means damage or destruction to the Improvements (including, without limitation, and all Alterations), other than the Tenant's Trade Fixtures, Fixture Work and personal property.