Destruction Due to Risk Not Covered by Insurance. If, during the term, the Premises are totally or partially destroyed from a risk covered by the insurance described in Section 20 (Insurance), rendering the Premises or the building or improvements in which the Premises are located totally or partially inaccessible or unusable, City shall restore the Premises or the building or improvements in which the Premises are located to substantially the same condition as it was in immediately before destruction.. Such destruction shall not terminate this Lease. If the laws existing at that time do not permit the restoration, either party can terminate this Lease immediately by giving notice to the other party. If the cost of restoration exceeds ten percent (10%) of the then replacement value of the building or improvements in which the Premises are located are destroyed, City can elect to terminate this Lease by giving notice to Lessee within sixty (60) days after determining the restoration cost and replacement value. In the case of destruction to the Premises only, if City elects to terminate this Lease, Lessee, within thirty (30) days after receiving City's notice to terminate, can elect to pay to City at the time Lessee notifies City of its election, the difference between ten percent (10%) of the then replacement value of the Premises and the actual cost of restoration, in which case City shall restore the Premises. City shall give Lessee satisfactory evidence that all sums contributed by Lessee as provided in this paragraph have been expended by City in paying the cost of restoration. If City elects to terminate this Lease and Lessee cannot or does not elect to contribute toward the cost of restoration as provided in this section, this Lease shall terminate
Destruction Due to Risk Not Covered by Insurance. Notwithstanding anything to the contrary in Section 6.06 of this Lease, TENANT has the right to terminate this Lease, at any time, if the improvements on the Premises are damaged or destroyed by a casualty for which TENANT is not required under this Lease to carry insurance and the cost to repair or restore such improvements exceeds 50 percent of the fair market value of all the improvements on the Premises immediately prior to the damage or destruction.
Destruction Due to Risk Not Covered by Insurance. If, during the term, the Leased Premises or the building and other improvements in which the Leased Premises are located are totally or partially destroyed from a risk not fully covered by the insurance described in Paragraph 10, rendering the Lease Premises totally or partially inaccessible or unusable, Landlord at its election may, subject to Paragraph 11.2.1. below, restore the Leased Premises or the building and other improvements in which the Leased Premises are located to substantially the same condition as they were in immediately before destruction. Such destruction shall not terminate this Lease unless Landlord gives written notice thereof to Tenant. If the existing laws do not permit restoration, either party can terminate this Lease immediately by giving notice to the other party.
Destruction Due to Risk Not Covered by Insurance. If during the term, the Premises are totally or partially destroyed from a risk covered by the insurance described in Section 20 (Insurance), rendering the Premises totally or partially inaccessible or unusable, Cinelux shall restore the Premises to substantially the same condition as it was in immediately before destruction, whether or not the insurance proceeds are sufficient to cover the actual cost of restoration. Such destruction shall not terminate this Agreement. If the laws existing at that time do not permit the restoration, either party can terminate this Agreement immediately by giving notice to the other party. If the cost of restoration exceeds ten percent (l0%) of the then replacement value of the Premises totally or partially destroyed, Cinelux can elect to terminate this Agreement by giving notice to Town within sixty (60) days after determining the restoration cost and replacement value. If Cinelux elects to terminate this Agreement, Town, within thirty
Destruction Due to Risk Not Covered by Insurance. If, during the term of this Lease and any renewal term, the Property is totally or partially destroyed by a risk not covered by the insurance, rendering the Property totally or partially inaccessible or unusable, City can elect to terminate this Lease by giving notice to Tenant within fifteen (15) days after determining the restoration cost and replacement value.
Destruction Due to Risk Not Covered by Insurance. If any of the Tenant-owned Improvements are damaged or destroyed by any casualty not covered by the insurance Provisions of this Lease and if the leased Premises are thereby rendered unfit for the uses prescribed herein, Tenant shall have the option of removing any Improvements and alterations and returning the Premises as it was at the time of the inception of this Lease, in which event, Tenant may terminate this Lease, or rebuild the Improvements in such a way that it would be comparable in use and value (but not necessarily design) to the Improvements which had existed prior to the casualty.
Destruction Due to Risk Not Covered by Insurance. If, during the Term, the Premises are totally or partially destroyed from a risk not covered by the insurance described in paragraph 7.2, rendering the Premises totally or partially inaccessible or unusable, either party can terminate this Lease immediately by giving notice to the other party.
Destruction Due to Risk Not Covered by Insurance. A) If during the Term, the Premises or the Building are totally or partially destroyed from a risk not covered or required to be covered by the insurance described in Section 8.03 or any other insurance policy maintained by Landlord, Landlord shall restore the Premises and the Building to substantially the same condition as they were in immediately before destruction. Except as otherwise provided herein, such destruction shall not terminate the Lease. If the existing Laws do not permit Restoration, either party can terminate this Lease by giving notice to the other party.
Destruction Due to Risk Not Covered by Insurance. If, during the Initial Term or Extended Term, if applicable, the Premises are totally or partially destroyed from a risk not covered by the insurance described in Section 13, rendering the Premises totally or partially inaccessible or unusable, subject to subsections (1), (2) and (3) below, Tenant shall restore the Premises to substantially the same condition as they were in
Destruction Due to Risk Not Covered by Insurance. If the ------------------------------------------------- Demised Premises is totally or partially destroyed from a risk not covered by the insurance required by Section 11.4, then Landlord may terminate this Lease. If Landlord does not terminate this Lease, Landlord shall restore the Demised Premises to substantially the same condition they were in immediately before the destruction. If Landlord elects to restore the Demised Premises the destruction shall not terminate this Lease. If Landlord elects to terminate this Lease as permitted in this Section 12.2, Tenant, within thirty (30) days after receiving Landlord's notice of termination, may elect to pay to Landlord the actual cost of restoration, in which case Landlord shall restore the Demised Premises and Landlord's notice of termination shall be rescinded. After the restoration, Landlord shall give Tenant satisfactory evidence that all sums contributed by Tenant have been expended by Landlord in paying the cost of restoration.
