Common use of DAMAGE BY FIRE, ETC Clause in Contracts

DAMAGE BY FIRE, ETC. (a) If the Building, improvements, or Premises are rendered partially or wholly untenantable by fire or other casualty, and if such damage cannot, in Landlord's reasonable estimation, be materially restored within ninety (90) days of such damage, then Landlord may, at its sole option, terminate this Lease as of the date of such fire or casualty. Landlord shall exercise its option provided herein by written notice to Tenant within sixty (60) days of such fire or other casualty. For purposes hereof, the Building, improvements, or Premises shall be deemed "materially restored" if they are in such condition as would not prevent or materially interfere with Tenant's use of the Premises for the purpose for which it was then being used.

Appears in 3 contracts

Samples: The Lease (Logisticare Inc), Office Lease Agreement (Accord Networks LTD), Office Lease Agreement (Optium Corp)

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DAMAGE BY FIRE, ETC. (a1) If the Building, improvements, or Premises are rendered partially or wholly untenantable by fire or other casualty, and if such damage cannot, in Landlord's reasonable estimation, be materially restored within ninety one hundred twenty (90120) days of such damage, then Landlord may, at its sole option, terminate this Lease as of the date of such fire or casualty. Landlord shall exercise its option provided herein by written notice to Tenant within sixty (60) days of such fire or other casualty. For purposes hereof, the Building, improvements, or Premises shall be deemed "materially restored" if they are in such condition as would not prevent or materially interfere with Tenant's use of the Premises for the purpose for which it was then being used.

Appears in 1 contract

Samples: Lease Agreement (Interland Inc)

DAMAGE BY FIRE, ETC. (a) a. If the Building, improvements, Building or Premises are rendered partially or wholly untenantable by fire or other casualty, casualty and if such damage cannot, in Landlord's ’s reasonable estimation, be materially restored within ninety two hundred (90200) days of such damage, then Landlord may, at its sole option, terminate this Lease as of the date of such fire or casualty. Landlord shall exercise its option provided herein by written notice to Tenant within sixty (60) days of such fire or other casualty. For purposes hereof, the Building, improvements, Building or Premises shall be deemed "materially restored" if they are in such condition as would not prevent or materially interfere with Tenant's use the repair and replacement of the Premises for the purpose for which it was then being usedLeasehold Improvements.

Appears in 1 contract

Samples: Office Lease Agreement (Ominto, Inc.)

DAMAGE BY FIRE, ETC. (a) If the Building, improvements, improvements or Leased Premises are rendered partially or wholly untenantable by fire or other casualty, casualty and if such damage cannot, in Landlord's ’s reasonable estimation, be materially restored within ninety two hundred (90200) days of such damage, then Landlord may, at its sole option, terminate this Lease as of the date of such fire or casualty. Landlord shall exercise its option provided herein by written notice to Tenant within sixty (60) days of such fire or other casualty. For purposes hereof, the Building, improvements, improvements or Leased Premises shall be deemed "materially restored" if they are in such condition as would not prevent or materially interfere with Tenant's ’s use of the Leased Premises for the purpose for which it was then being used.

Appears in 1 contract

Samples: Office Lease Agreement (Intellon Corp)

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DAMAGE BY FIRE, ETC. (a) If the Building, improvements, or Premises are rendered partially or wholly untenantable by fire or other casualty, and if such damage cannot, in Landlord's reasonable estimation, be materially restored within ninety (90) days of such damage, then Landlord may, at its sole option, terminate this Lease as of the date of such fire or casualty. Landlord shall exercise its option provided herein by written notice to Tenant within sixty thirty (6030) days of such fire or other casualty. For purposes hereof, the Building, improvements, or Premises shall be deemed "materially restored" if they are in such condition as would not prevent or materially interfere with Tenant's use of the Premises for the purpose for which it was then being used.

Appears in 1 contract

Samples: Office Lease Agreement (Vanstar Corp)

DAMAGE BY FIRE, ETC. (a) If the Building, improvements, or Premises are rendered partially or wholly untenantable by fire or other casualty, and if such damage cannot, in Landlord's reasonable estimation, be materially restored within ninety one hundred twenty (90120) days of such damage, then Landlord may, at its sole option, terminate this Lease as of the date of such fire or casualty. Landlord shall exercise its option provided herein by written notice to Tenant within sixty (60) days of such fire or other casualty. For purposes hereof, the Building, improvements, or Premises shall be deemed "materially restored" if they are in such condition as would not prevent or materially interfere with TenantXxxxxx's use of the Premises for the purpose for which it was then being used.

Appears in 1 contract

Samples: Basic Lease (Clientlink Inc)

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