Common use of Damage/Destruction Clause in Contracts

Damage/Destruction. In the event of damage to the PREMISES by fire, flood, lightning, or other Act of God, or act of terrorism rendering it impossible or substantially inconvenient for LESSEE to continue to occupy or use the PREMISES for its operations, the LESSOR, after notice from the LESSEE of the condition shall have thirty (30) days to repair and/or restore the PREMISES to a tenantable condition. If XXXXXX fails to repair and/or restore the PREMISES within said period of thirty (30) days, or if XXXXXX fails to make reasonable progress during the thirty (30) day period, as determined by XXXXXX in its sole discretion, LESSEE may, at its option: a.) terminate this LEASE by giving LESSOR fourteen (14) days written termination notice or b.) after first giving LESSOR fourteen (14) days written notice, repair and restore the PREMISES to a tenantable condition, and deduct such costs made in restoration of the PREMISES from the RENT due the LESSOR. At LESSEE”S option, payment of RENT shall xxxxx as long as the PREMISES remains in an un-tenantable condition after notice to LESSOR and shall resume only after the condition has been substantially corrected. Such abatement shall be prorated on the portion of the PREMISES that is or remains un-tenantable.

Damage/Destruction. In the event of damage to the PREMISES by fire, flood, lightning, or other Act of God, or act of terrorism rendering it impossible or substantially inconvenient for LESSEE to continue to occupy or use the PREMISES for its operations, the LESSOR, after notice from the LESSEE of the condition shall have thirty (30) days to repair and/or restore the PREMISES to a tenantable condition. If XXXXXX LESSOR fails to repair and/or restore the PREMISES within said period of thirty (30) days, or if XXXXXX LESSOR fails to make reasonable progress during the thirty (30) day period, as determined by XXXXXX LESSEE in its sole discretion, LESSEE may, at its option: a.) terminate this LEASE by giving LESSOR fourteen (14) days written termination notice or b.) after first giving LESSOR fourteen (14) days written notice, repair and restore the PREMISES to a tenantable condition, and deduct such costs made in restoration of the PREMISES from the RENT due the LESSOR. At LESSEE”S option, payment of RENT shall xxxxx as long as the PREMISES remains in an un-tenantable condition after notice to LESSOR and shall resume only after the condition has been substantially corrected. Such abatement shall be prorated on the portion of the PREMISES that is or remains un-tenantable.

Damage/Destruction. In the event of damage to the PREMISES Premises by fire, flood, lightning, or other Act of God, or act of terrorism rendering it impossible or substantially inconvenient for LESSEE Lessee to continue to occupy or use the PREMISES Premises for its operations, the LESSORLessor, after notice from the LESSEE Lessee of the condition shall have thirty sixty (3060) days to repair and/or restore the PREMISES Premises to a tenantable condition. If XXXXXX Lessor fails to repair and/or restore the PREMISES Premises within said period of thirty sixty (3060) days, or if XXXXXX Lessor fails to make reasonable progress during the thirty sixty- (3060) day period, as determined by XXXXXX Lessee in its sole discretion, LESSEE Lessee may, at its option: a.(a) terminate this LEASE Lease by giving LESSOR fourteen Lessor thirty (1430) days written termination notice or b.(b) after first giving LESSOR fourteen Lessor fifteen (1415) days written notice, repair and restore the PREMISES Premises to a tenantable condition, and deduct such costs made in restoration of the PREMISES Premises from the RENT Rent due the LESSORLessor. At LESSEE”S Lessee’s option, payment of RENT Rent shall xxxxx as long as the PREMISES Premises remains in an un-tenantable untenantable condition after notice to LESSOR Lessor and shall resume only after the condition has been substantially corrected. Such abatement shall be prorated on the portion of the PREMISES Premises that is or remains un-tenantableuntenantable.