Common use of Damage/Destruction Clause in Contracts

Damage/Destruction. In the event the Premises are damaged or rendered totally or partially uninhabitable by fire, other casualty or condemnation, PIC shall have the option to terminate the MOU. If such damages casualty or condemnation occurs during the term or any extension thereof, the District may elect to repair such damages or may elect to terminate the MOU during the term after providing thirty (30) days written notice of termination. In the event the Premises are rendered so uninhabitable as to prevent PIC from operating PIC’s business at the Premises, and neither PIC nor the District terminates the MOU, rental payments shall xxxxx on a per diem basis until the Premises are repaired to reasonably allow such operation of PIC’s business.

Appears in 9 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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Damage/Destruction. In the event the Premises are damaged or rendered totally or partially uninhabitable by fire, other casualty or condemnation, PIC shall have the option to terminate the MOU. If such damages casualty or condemnation occurs during the term Term or any extension thereof, the District may elect to repair such damages or may elect to terminate the MOU during the term after providing thirty (30) days written notice of termination. In the event the Premises are rendered so uninhabitable as to prevent PIC from operating PIC’s business at the Premises, and neither PIC nor the District terminates the MOU, rental payments shall xxxxx on a per diem basis until the Premises are repaired to reasonably allow such operation of PIC’s business.

Appears in 1 contract

Samples: Memorandum of Understanding

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Damage/Destruction. In the event the Premises are damaged or rendered totally or partially uninhabitable by fire, other casualty or condemnation, PIC shall have the option to terminate the MOU. If such damages casualty or condemnation occurs during the term or any extension thereof, the District may elect to repair such damages or may elect to terminate the MOU during the term after providing thirty (30) days written notice of termination. In the event the Premises are rendered so uninhabitable as to prevent PIC from operating PIC’s 's business at the Premises, and neither PIC nor the District terminates tem1inates the MOU, rental payments shall xxxxx on a per diem basis until the Premises are repaired to reasonably allow such operation of PIC’s 's business.

Appears in 1 contract

Samples: Lease Agreement

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