Common use of Complete Destruction Clause in Contracts

Complete Destruction. (a) In the event the Premises are completely destroyed by fire, explosion, the elements, the public enemy, or other casualty or so damaged that they are untenantable and cannot be replaced except after more than thirty (30) days, the Authority shall undertake the repair, replacement, and reconstruction of the Premises; and all or a portion of the concession rentals and fees payable under Section 5.01 shall ▇▇▇▇▇ as of the time of such damage or destruction and shall henceforth cease until such time as said Premises are fully restored and certified by the Authority's Engineers as ready for occupancy; provided, however, that if said damage is caused by the act or omission of the Contractor, its sublessees, agents, or employees, the said fees and charges will not ▇▇▇▇▇ and to the extent that such damage or destruction is not covered by insurance, the Contractor shall be responsible for reimbursing the Authority for the costs and expenses incurred in said repair; provided further, however, if within twelve (12) months after the time of such damage or destruction said Premises shall not have been repaired or reconstructed, the Contractor may give the Authority written notice of its intention to cancel this Contract in its entirety. (b) Notwithstanding the foregoing, if said Premises are completely destroyed as a result of the act or omission of the Contractor, rentals and fees shall not ▇▇▇▇▇ and the Authority may, in its discretion, require the Contractor to repair and reconstruct said Premises within twelve (12) months of such destruction and pay the costs therefor; or the Authority may repair and reconstruct the Premises within twelve (12) months of such destruction and the Contractor shall be responsible for reimbursing the Authority for the costs and expenses incurred in such repair.

Appears in 2 contracts

Sources: Rental Car Concession Agreement, Rental Car Concession Agreement

Complete Destruction. (a) 1. In the event the Leased Premises are completely destroyed by fire, explosion, the elements, the public enemyact(s) of war or terrorism, or other casualty or so damaged that they are untenantable and cannot be replaced except after more than thirty one hundred and twenty (30120) days, the Authority Administration shall undertake the be under no obligation to repair, replacementreplace, and reconstruction of the Premises; reconstruct said Leased Premises and all or a portion of the concession rentals and fees payable under Section 5.01 Contractor payments shall ▇▇▇▇▇ as of the time of such damage or destruction and shall henceforth cease until such time as said Leased Premises are fully restored and certified by the Authority's Engineers as ready for occupancy; providedrestored, howeveror until Administration provides substitute facilities, that if said damage is caused by the act or omission of the acceptable to Contractor, its sublessees, agents, or employees, the said fees and charges will not ▇▇▇▇▇ and to the extent that such damage or destruction is not covered for use by insurance, the Contractor shall be responsible for reimbursing the Authority for the costs and expenses incurred in said repair; provided further, however, if Contractor. If within twelve (12) months after the time of such damage or destruction said Leased Premises shall have not have been repaired or reconstructed, the and Administration has not supplied substitute facilities, acceptable to Contractor, Contractor may give the Authority Administration written notice of its intention to cancel this Contract in its entiretyentirety as of the date of such damage or destruction. (b) 2. Notwithstanding the foregoing, if said Leased Premises are completely destroyed as a result of the act or omission of the ContractorContractor or its agents, rentals employees, contractors, subcontractors, or assigns, rent and fees other fees, if applicable, for such Leased Premises shall not ▇▇▇▇▇ and the Authority Administration may, in its discretion, require the Contractor to repair and reconstruct said Leased Premises within twelve (12) months of such destruction and pay the costs therefor; or the Authority Administration may repair and reconstruct the said Leased Premises within twelve (12) months of such destruction and the Contractor shall be responsible for reimbursing the Authority Administration for the costs and expenses incurred in such repair, plus a twenty-five percent (25%) administrative fee.

Appears in 1 contract

Sources: Lease Agreement

Complete Destruction. (a) A. In the event the Premises are completely destroyed by fire, explosion, the elements, the public enemy, or other casualty or so damaged that they are untenantable and cannot be replaced except after more than thirty (30) days, the Authority Contractor shall undertake the repair, replacement, and reconstruction of the Premises; and all or a portion of the concession rentals Minimum Annual Guarantees and fees payable Annual Facility Rent under Section 5.01 Article 5 shall ▇▇▇▇▇ as of the time of such damage or destruction and shall henceforth cease until such time as said Premises are fully restored and certified by the Authority's Engineers Authority as ready for occupancy; provided, however, that if said damage is caused by the act or omission of the Contractor, its sublessees, agents, or employees, the said fees and charges will not ▇▇▇▇▇ and to the extent that such damage or destruction is not covered by insurance, the Contractor shall be responsible for reimbursing the Authority and/or paying for the costs and expenses incurred in said repair; provided further, however, if within twelve (12) months after the time of such damage or destruction said Premises shall not have been repaired or reconstructed, the Contractor may give the Authority written notice of its intention to cancel this Contract in its entirety. (b) B. Notwithstanding the foregoing, if said Premises are completely destroyed as a result of the act or omission of the Contractor, rentals and fees shall not ▇▇▇▇▇ and the Authority may, in at its discretion, require the Contractor to repair and reconstruct said Premises within twelve (12) months of such destruction and pay the costs therefor; or the Authority may repair and reconstruct the Premises within twelve (12) months of such destruction and the Contractor shall be responsible for reimbursing the Authority for the costs and expenses incurred in such repair.twelve

Appears in 1 contract

Sources: Concession Contract