Damage to Building. If the building is damaged by fire or any other cause, so that the cost of restoration, as reasonably estimated by Xxxxxxxx, equals or exceeds seventy-five (75%) percent of the buildings replacement value (exclusive of foundations) just prior to the damage, then Landlord may, no later than seven (7) days following the damage, give Tenant notice of election to terminate this Lease. If the cost of restoration equals or exceeds fifty (50%) percent of the replacement value and if the premises are not reasonably usable for the purposes for which they are leased, Tenant may, no later than seven (7) days following the damage, give Landlord notice of election to terminate this lease. In the event of either of these elections, this Lease shall terminate at the end of month next following the notice, and Xxxxxx shall surrender possession of the premises at that time. The rent shall be apportioned as of the date of surrender and any rent paid for any period beyond that date shall be repaid to Tenant. If the cost of restoration as estimated by Landlord amounts to less than fifty (50%) percent of the replacement value of the building, or if despite the cost Landlord does not elect to terminate this lease, Landlord shall restore the building and the premises with reasonable promptness, subject to delays in the making of insurance adjustments by Landlord, and Tenant shall have no right to terminate this lease except as provided in this paragraph. Landlord need not restore fixtures and improvements owned by Tenant. In any case in which use of the premises is affected by any damage to the building, there shall be either an abatement or an equitable reduction in rent depending on the period for which and the extent to which the premises are not reasonable usable for the purposes for which they are leased. If the damage results form Xxxxxx's fault or by persons under Xxxxxx's control or on the premises at Tenant's invitation, Tenant shall not be entitled to any abatement or reduction of rent, except to the extent that Landlord received the proceeds of rent insurance in lieu of rent.
Damage to Building. Notwithstanding anything to the contrary contained in this Lease or that the Leased Premises may not be affected, if in the reasonable opinion or determination of the Landlord or the Landlord's architect or engineer, rendered within thirty (30) business days of the happening of damage or destruction, the Building shall be damaged or destroyed to the extent that any one or more of the following conditions exist:
Damage to Building. If the Building is totally destroyed or is so extensively damaged that the repair thereof cannot, in Landlord's reasonable opinion, be completed within one hundred (100) days after the occurrence of the damage or destruction, or if substantial alteration or reconstruction of the Building is required, in Landlord's reasonable opinion, as a result of the damage, then Landlord shall have the option, to be exercised by written notice to Tenant within thirty (30) days after the occurrence of the damage or destruction, either (a) to terminate this Lease as of the date not less than thirty (30) days or more than sixty (60) days after Landlord's notice to Tenant, or (b) to repair and rebuild the Building within a reasonable time, in which event this Lease shall continue in full force and effect.
Damage to Building. If the Premises are damaged by fire or any other cause, then Township may, give Licensee notice of election to terminate this Agreement.
Damage to Building. If the Building shall be damaged or destroyed by fire or other casualty (whether or not the Demised Premises are affected) to the extent of fifty percent (50%) or more of the replacement value of the Building, and within thirty (30) days after the happening of such damage Landlord shall decide not to reconstruct or rebuild the Building, then upon written notice to Tenant within such thirty (30) days, this Lease shall terminate and Landlord shall refund to Tenant such amounts of Basic Rent and Additional Rent paid by Tenant for the period after such damage less the reasonable value of any use or occupation of the Demised Premises by Tenant during such period.
Damage to Building. Tenant shall promptly notify Landlord of any damage to the Premises resulting from fire or any other casualty. If the Premises or any Common Areas serving or providing access to the Premises shall be damaged by fire or other casualty, Landlord shall promptly and diligently, subject to reasonable delays for insurance adjustment or other matters beyond Landlord’s reasonable control, and subject to all other terms of this Article 11, restore the Base Building and such Common Areas. Such restoration shall be to substantially the same condition of the Base Building and the Common Areas prior to the casualty, except for modifications required by zoning and building codes and other laws or by the holder of a mortgage on the Building or Project or any other modifications to the Common Areas deemed desirable by Landlord, which are consistent with the character of the Project, provided that access to the Premises and any restrooms serving the Premises shall not be materially impaired.
Damage to Building. If the Premises are damaged by fire or any other cause, so that the cost of restoration, as reasonably estimated by Township, equals or exceeds fifty (50%) percent of the Premise's replacement value (exclusive of foundations) just prior to the damage, then Township may, no later than thirty (30) days following the damage, give Licensee notice of election to terminate this Agreement. If the cost of restoration equals or exceeds fifty (50%) percent of the replacement value and if the Premises are not reasonably usable for the purposes for which they are leased, Licensee may, no later than thirty days following the damage, give Township notice of election to terminate this Agreement. In the event of either of these elections, this Agreement shall terminate on the 31st day after the giving of notice, and Licensee shall surrender possession of the premises within a reasonable time. If the cost of restoration as estimated by Township amounts to less than fifty (50%) percent of the replacement value of the Premises, or if despite the cost Township does not elect to terminate this Agreement, Township shall restore the Premises and the premises with reasonable promptness, subject to delays in the making of insurance adjustments by Township, and Licensee shall have no right to terminate this Agreement except as provided in this Paragraph. Township need not restore fixtures and improvements owned by Licensee.
Damage to Building. Any damage to the Building resulting from the installation, operation, maintenance or removal of Tenant’s Exterior Equipment, including without limitation, leakage or water damage, shall be repaired by Tenant, at Tenant’s sole cost and expense; provided, however, that to the extent Tenant fails to make such repairs after applicable notice and cure periods (except in an emergency, in which event Landlord shall furnish Tenant with reasonable notice in light of the circumstances), Landlord may make such repairs, in which event Tenant shall reimburse Landlord for the reasonable cost thereof within thirty (30) days following receipt of a reasonably detailed invoice therefor.
Damage to Building. If the Building or any portion thereof is damaged or destroyed by any cause whatsoever, to the extent that, (a) in Landlord's reasonable judgment, it would not be economically feasible to repair or restore such damage or destruction, or (b) in Landlord's reasonable judgment, the damage or destruction to the Building cannot be repaired or restored within three hundred sixty (360) days after such damage or destruction, either Landlord or Tenant may, at their option, terminate this Lease by giving notice of such termination to the other party within sixty (60) days after such damage or destruction.
Damage to Building. All damage to the Buildings caused by Tenant in moving property into or out of the Building or in installing or removing furniture, equipment or fixtures shall promptly be repaired by Tenant at its expense. If Tenant permits consumption of food in the Demised Premises, Tenant, at its expense, shall employ the regular services of an exterminator to keep the Demised Premises and Buildings free of vermin occasioned by such consumption.
