Common use of DAMAGE OR DESTRUCTION OF PREMISES Clause in Contracts

DAMAGE OR DESTRUCTION OF PREMISES. If any portion of the Premises or the Tenant Improvements is damaged in any manner, Tenant shall promptly remove from the Airport all debris and cause repairs to be made to restore the same to an orderly and safe condition. All work shall be performed in accordance with plans and specifications that are approved by City as being consistent with or better than the original improvements. Tenant shall apply all proceeds that are made available from Tenant’s insurance policies (or those of any subtenant or assignee) to performing such work. If City performs such work pursuant to Section 10.B, such insurance proceeds shall be paid to City. If the Premises or Tenant Improvements are tenantable despite such damage, Tenant shall not receive any abatement of Tenant’s rent obligations. To the extent that any portion is rendered untenantable by such damage in light of the purposes of this Agreement (as determined by City in its sole discretion), rent shall continue if Tenant has business interruption insurance, or if Tenant does not have such insurance, City shall xxxxx Tenant’s rent proportionately until repairs have been substantially completed (as determined by City in its sole discretion).

Appears in 18 contracts

Samples: Private Hangar Agreement, Private Hangar Agreement, Private Hangar Agreement

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DAMAGE OR DESTRUCTION OF PREMISES. If any portion of the Premises or the Tenant Improvements is damaged in any manner, Tenant shall promptly remove from the Airport all debris and cause repairs to be made to restore the same to an orderly and safe condition. All work shall be performed in accordance with plans and specifications that are approved by City as being consistent with or better than the original improvements. Tenant shall apply all proceeds that are made available from Tenant’s insurance policies (or those of any subtenant or assignee) to performing such work. If City performs such work pursuant to Section 10.B, such Tenant insurance proceeds shall be paid to City. If the Premises or Tenant Improvements are tenantable despite such damage, Tenant shall not receive any abatement of Tenant’s rent obligations. To the extent that any portion is rendered untenantable by such damage in light of the purposes of this Agreement (as determined by City in its sole and absolute discretion), rent shall continue if Tenant has business interruption insurance, or if Tenant does not have such insurance, City shall xxxxx Tenant’s rent proportionately until repairs have been substantially completed (as determined by City in its sole and absolute discretion).

Appears in 3 contracts

Samples: Operating and Lease Agreement, Operating and Lease Agreement, Operating and Lease Agreement

DAMAGE OR DESTRUCTION OF PREMISES. If any portion of the Premises or the Tenant Improvements is damaged in any manner, Tenant shall promptly remove from the Airport all debris and cause repairs to be made to restore the same to an orderly and safe condition. All work shall be performed in accordance with plans and specifications that are approved by City as being consistent with or better than the original improvements. Tenant shall apply all proceeds that are made available from Tenant’s insurance policies (or those of any subtenant or assignee) to performing such work. If City performs such work pursuant to Section 10.B, such insurance proceeds shall be paid to City. If the Premises or Tenant Improvements are tenantable despite such damage, Tenant shall not receive any abatement of Tenant’s rent obligations. To the extent that any portion is rendered untenantable by such damage in light of the purposes of this Agreement (as determined by City in its sole discretion), rent shall continue if Tenant has business interruption insurance, or if Tenant does not have such insurance, City shall xxxxx TenantXxxxxx’s rent proportionately until repairs have been substantially completed (as determined by City in its sole discretion).

Appears in 2 contracts

Samples: Saso Operating and Lease Agreement, Private Hangar Agreement

DAMAGE OR DESTRUCTION OF PREMISES. If any portion of the Premises or the Tenant Improvements is damaged in any manner, Tenant shall promptly remove from the Airport all debris and cause repairs to be made to restore the same to an orderly and safe condition. All work shall be performed in accordance with plans and specifications that are approved by City as being consistent with or better than the original improvements. Tenant shall apply all proceeds that are made available from Tenant’s insurance policies (or those of any subtenant or assignee) to performing such work. If City performs such work pursuant to Section 10.B, such Tenant insurance proceeds shall be paid to City. If the Premises or Tenant Improvements are tenantable despite such damage, Tenant shall not receive any abatement of Tenant’s rent obligations. To the extent that any portion is rendered untenantable by such damage in light of the purposes of this Agreement (as determined by City in its sole and absolute discretion), rent shall continue if Tenant has business interruption insurance, or if Tenant does not have such insurance, City shall xxxxx TenantXxxxxx’s rent proportionately until repairs have been substantially completed (as determined by City in its sole and absolute discretion).

Appears in 2 contracts

Samples: Operating and Lease Agreement, Saso Operating and Lease Agreement

DAMAGE OR DESTRUCTION OF PREMISES. If any portion of the Premises or the Tenant Improvements is damaged in any manner, Tenant shall promptly remove from the Airport all debris and cause repairs to be made to restore the same to an orderly and safe condition. All work shall be performed in accordance with plans and specifications that are approved by City as being consistent with or better than the original improvements. Tenant shall apply all proceeds that are made available from Tenant’s insurance policies (or those of any subtenant or assignee) to performing such work. If City performs such work pursuant to Section 10.B, such Tenant insurance proceeds shall be paid to City. If the Premises or Tenant Improvements are tenantable despite such damage, Tenant shall not receive any abatement of Tenant’s rent obligations. To the extent that any portion is rendered untenantable by such damage in light of the purposes of this Agreement (as determined by City in its sole discretion), rent shall continue if Tenant has business interruption insurance, or if Tenant does not have such insurance, City shall xxxxx Tenant’s rent proportionately until repairs have been substantially completed (as determined by City in its sole discretion).

Appears in 2 contracts

Samples: Private Hangar Lease Agreement, Private Hangar Lease Agreement

DAMAGE OR DESTRUCTION OF PREMISES. If any portion of the Premises or the Tenant Improvements is damaged in any manner, Tenant shall promptly remove from the Airport all debris and cause repairs to be made to restore the same to an orderly and safe condition. All work shall be performed in accordance with plans and specifications that are approved by City as being consistent with or better than the original improvements. Tenant shall apply all proceeds that are made available from Tenant’s insurance policies (or those of any subtenant or assignee) to performing such work. If City performs such work pursuant to Section 10.B10.2, such insurance proceeds shall be subrogated and paid to City. If the Premises or Tenant Improvements are tenantable despite such damage, Tenant shall not receive any abatement of Tenant’s rent obligations. To the extent that any portion is rendered untenantable by such damage in light of the purposes of this Agreement (as determined by City in its sole discretion), rent shall continue if Tenant has business interruption insurance, or if Tenant does not have such insurance, City shall may xxxxx TenantXxxxxx’s rent proportionately until repairs have been substantially completed (as determined by City in its sole discretion).

Appears in 1 contract

Samples: Private Hangar Agreement

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DAMAGE OR DESTRUCTION OF PREMISES. If any portion of the Premises or the Tenant Improvements is damaged in any manner, Tenant shall promptly remove from the Airport all debris and cause repairs to be made to restore the same to an orderly and safe condition. All work shall be performed in accordance with plans and specifications that are approved by City as being consistent with or better than the original improvements. Tenant shall apply all proceeds that are made available from Tenant’s insurance policies (or those of any subtenant or assignee) to performing such work. If City performs such work pursuant to Section 10.B, such Tenant insurance proceeds shall be paid to City. If the Premises or Tenant Improvements are tenantable despite such damage, Tenant shall not receive any abatement of Tenant’s rent obligations. To the extent that any portion is rendered untenantable by such damage in light of the purposes of this Agreement (as determined by City in its sole discretion), rent shall continue if Tenant has business interruption insurance, or if Tenant does not have such insurance, City shall xxxxx TenantXxxxxx’s rent proportionately until repairs have been substantially completed (as determined by City in its sole discretion).

Appears in 1 contract

Samples: Private Hangar Lease Agreement

DAMAGE OR DESTRUCTION OF PREMISES. If any portion of the Premises or the Tenant Improvements is damaged in any manner, Tenant shall promptly remove from the Airport all debris and cause repairs to be made to restore the same to an orderly and safe condition. All work shall be performed in accordance with plans and specifications that are approved by City as being consistent with or better than the original improvements. Tenant shall apply all proceeds that are made available from Tenant’s insurance policies (or those of any subtenant or assignee) to performing such work. If City performs such work pursuant to Section 10.B, such Tenant insurance proceeds shall be paid to City. If the Premises or Tenant Improvements are tenantable despite such damage, Tenant shall not receive any abatement of Tenant’s rent obligations. To the extent that any portion is rendered untenantable by such damage in light of the purposes of this Agreement (as determined by City in its sole and absolute discretion), rent shall continue if Tenant has business interruption insurance, or if Tenant does not have such insurance, City shall xxxxx Tenant’s rent proportionately until repairs have been substantially completed (as determined by City in its sole and absolute discretion).

Appears in 1 contract

Samples: Operating and Lease Agreement

DAMAGE OR DESTRUCTION OF PREMISES. If any portion of the Premises or the Tenant Improvements is damaged in any manner, Tenant shall promptly remove from the Airport all debris and cause repairs to be made to restore the same to an orderly and safe condition. All work shall be performed in accordance with plans and specifications that are approved by City as being consistent with or better than the original improvements. Tenant shall apply all proceeds that are made available from Tenant’s insurance policies (or those of any subtenant or assignee) to performing such work. If City performs such work pursuant to Section 10.B, such Tenant insurance proceeds shall be paid to City. If the Premises or Tenant Improvements are tenantable despite such damage, Tenant shall not receive any abatement of Tenant’s rent obligations. To the extent that any portion is rendered untenantable by such damage in light of the purposes of this Agreement (as determined by City in its sole and absolute discretion), rent shall continue if Tenant has business interruption insurance, or if Tenant does not have such insurance, City shall xxxxx TenantXxxxxx’s rent proportionately until repairs have been substantially completed (as determined by City in its sole and absolute discretion).

Appears in 1 contract

Samples: Operating and Lease Agreement

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