Damage, Destruction, Condemnation Sample Clauses

Damage, Destruction, Condemnation. Resident shall immediately report to Landlord all fires, accidents, injuries and property damage occurring in the Unit and, if involving or known to Resident, elsewhere at the Facility. If, during the Contract Term, the Bedroom or the Unit is damaged or destroyed by fire or other casualty, then, at Landlord’s option: (a) the Bedroom or the Unit shall be promptly restored and repaired by Landlord and any Monthly Installments for the period that the Bedroom or the Unit is uninhabitable by Resident shall ▇▇▇▇▇, unless and to the extent Landlord provides Resident with a comparable alternative living space, in which event Monthly Installments will not be abated, (b) Landlord may terminate this Contract by so notifying Resident, in which event the Monthly Installments shall cease to accrue as of the date of such damage or destruction, or (c) Landlord may relocate Resident to another bedroom or unit within the Facility or a comparable facility. Notwithstanding the foregoing, Resident shall not be excused from paying Monthly Installments, Additional Fees, or other sums due under this Contract if the damage or destruction to the Bedroom or the Unit is caused by Resident or any guest of Resident. If the Unit or the Facility is condemned, this Contract shall terminate on the date Landlord tenders possession of the Unit or the Facility to the condemning authority. All condemnation damages shall be the property of Landlord.

Damage, Destruction, Condemnation. To the extent that the Master Lease gives Sublessor any rights following the occurrence of any damage, destruction or condemnation to terminate the Master Lease, to repair or restore the Sublease Premises, to contribute toward such repair or restoration costs to avoid termination, to obtain and utilize insurance or condemnation proceeds to repair or restore the Sublease Premises, or any similar rights, such rights shall be reserved to and exercisable solely by Sublessor, in its sole and absolute discretion, and not by Sublessee. The exercise of any such right by Sublessor shall under no circumstances constitute a default or breach under this Sublease or subject Sublessor to any liability therefor.

Damage, Destruction, Condemnation. Sublandlord shall not be required to perform any obligation of the Overlandlord pursuant to the ▇▇▇▇▇▇▇▇▇ as it relates to rebuilding or repair of the Building (including the Subleased Premises) in the event of damage, destruction or condemnation of any part or all of the Building. If the Subleased Premises shall be damaged by fire or other casualty or be condemned or taken in any manner for a public or quasi-public use, Subtenant agrees that in no event shall it be the obligation of Sublandlord to repair, restore or rebuild the Subleased Premises. Nothing contained in this Sublease shall limit or impair any right of Sublandlord to terminate the ▇▇▇▇▇▇▇▇▇ pursuant to the provisions of the ▇▇▇▇▇▇▇▇▇ in the event of any damage by fire or other casualty or condemnation. In the event of casualty or condemnation, if the ▇▇▇▇▇▇▇▇▇ is terminated with respect to the Subleased Premises pursuant to the provisions of the ▇▇▇▇▇▇▇▇▇, this Sublease shall automatically terminate at the same time and Subtenant shall have no claim against Sublandlord or Overlandlord for the loss of its subleasehold interest or any of Subtenant's property. If the ▇▇▇▇▇▇▇▇▇ is not terminated with respect to the Subleased Premises upon the occurrence of a casualty or condemnation, the provisions of the ▇▇▇▇▇▇▇▇▇ with respect to casualty or condemnation shall apply to this Sublease and the Subleased Premises, subject to the provisions of this Article. In the event of any condemnation of the Overleased Premises, all awards and compensation, or proceeds payable to Sublandlord pursuant to the ▇▇▇▇▇▇▇▇▇ shall be the property of Sublandlord. No part of any condemnation awards, compensation or proceeds shall be payable to Subtenant, provided that to the extent same does not violate the ▇▇▇▇▇▇▇▇▇ or adversely affect Sublandlord's or Overlandlord's award, Subtenant may institute a separate action for a claim to a separate award with respect to the value of leasehold improvements it has paid for, and for any of its personal property. Condemnation shall include a deed or conveyance in lieu of condemnation. Any election right or option in the ▇▇▇▇▇▇▇▇▇ with respect to restoration of the Subleased Premises or the Building or termination of the ▇▇▇▇▇▇▇▇▇ in connection with casualty or condemnation is expressly reserved to Sublandlord to exercise or not exercise in its sole discretion.

Damage, Destruction, Condemnation. The termination of this Lease by reason of damage to or the destruction or condemnation of a Facility as provided in Section 5.3(c) of this Lease.

Damage, Destruction, Condemnation. This Agreement shall not have been terminated by Buyer as a result of any damage, destruction or condemnation of the Property as described in Section 23 hereof (and except as otherwise therein disclosed).

Damage, Destruction, Condemnation. In the event the Unit or the Building is damaged or destroyed by fire or any other casualty regardless of the cause or is condemned or taken by any governmental authority, PRI shall have the right to terminate this Agreement without any consideration or damages payable to Student. Any consideration, awards, insurance proceeds, etc. paid related to such event shall belong solely to PRI and Student waives any rights thereto. If PRI elects to repair such damage and restore the Building, this Agreement shall remain in full force and effect.

Damage, Destruction, Condemnation. If the Master Lease terminates as a result of a casualty or condemnation, this Sublease shall terminate as well. In the event that the Subleased Premises are damaged, destroyed, or subject to a taking by condemnation and the rent for the space within the Subleased Premises is abated under the Master Lease, the rent under this Sublease shall be proportionately abated.

Damage, Destruction, Condemnation. Resident shall immediately report to Landlord all fires, accidents, injuries and property damage occurring in the Unit and, if involving or known to Resident, elsewhere at the Facility. If, during the Contract Term, the Bedroom or the Unit is damaged or destroyed by fire or other

Damage, Destruction, Condemnation. (a) In the event of any damage to or loss or destruction of any Property, the Borrower shall (i) promptly notify the Agent of such event and take such steps as shall be necessary to preserve any undamaged portion of such Property and (ii) if no Event of Default has occurred and is continuing, at the Borrower's election (subject to the requirements of clause (b) of this Section 5.6), or if an Event of Default has occurred and is continuing, at the Agent's election, either (x) commence and diligently pursue to completion the restoration, replacement and rebuilding of such Property as nearly as possible to its value, condition and character immediately prior to such damage, loss or destruction and in accordance with plans and specifications reasonably approved by the Agent, and apply the excess, if any, of the Net Proceeds of any insurance award over the amount required to be applied to the Existing Loans pursuant to Section 5.6(a) of the Existing Senior Credit Agreement thereto, or (y) apply the excess, if any, of the Net Proceeds of any insurance award over the amount required to be applied to the Existing Loans pursuant to Section 5.6(a) of the Existing Senior Credit Agreement to prepay the Loans (without premium or penalty). (b) In the event that any portion of any Property is so damaged, destroyed or lost, and such damage, destruction or loss is covered, in whole or in part, by insurance described in Section 5.5, then, (i) if no Event of Default has occurred and is continuing and the amount of Net Proceeds received (or reasonably anticipated by the Borrower to be received) in connection with such damage, destruction or loss is less than $50,000,000, then the Borrower may retain such Net Proceeds and, at the Borrower's option, apply such Net Proceeds to the restoration, replacement or rebuilding, in whole or in part, of the portion of such Property so damaged, destroyed or lost or to the prepayment of the Existing Loans and, to the extent that the Existing Loans have been paid in full, the Loans, provided, however, that the Borrower shall be required to apply the excess, if any, of such Net Proceeds over the amount required to be applied to the Existing Loans pursuant to Section 5.6(b) of the Existing Senior Credit Agreement to the prepayment of the Loans (x) if the Borrower shall have failed to commence the restoration, replacement or rebuilding, in whole or in part, of the portion of such Property so damaged, destroyed or lost within six months followin...