Common use of DAMAGE TO LEASED PREMISES Clause in Contracts

DAMAGE TO LEASED PREMISES. In the event the leased premises and/or the improvements of which the leased premises are a part shall be totally destroyed by fire or other casualty or so badly damaged that, in the opinion of Landlord, it is not feasible to repair or rebuild the same, Landlord shall have the right to terminate this Lease upon written notice to Tenant. If the leased premises shall be partially damaged by fire or other casualty, except if caused by Tenant's negligence, and said leased premises are not rendered untenantable thereby, as determined by Landlord, an appropriate reduction of the rent shall be allowed for the unoccupied portion of the leased premises until repair thereof shall be substantially completed. If the leased premises are rendered untenantable thereby, except if caused by Tenant's negligence, Tenant may, at its election, terminate this Lease as of the date of the damage. If Tenant elects not to terminate the Lease, the rent shall axxxx in proportion to the loss of use of the leased premises by Tenant during such untenantability.

Appears in 1 contract

Samples: Lease Agreement (AVT, Inc.)

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DAMAGE TO LEASED PREMISES. In the event the leased premises and/or the improvements of which the leased premises are a part shall be totally destroyed by any fire or other casualty or so badly damaged that, in the opinion of Landlord, it is not feasible to repair or rebuild the same, Landlord shall have the right to terminate this Lease upon written notice to Tenant. If the leased premises shall be partially damaged by fire or other casualty, except if caused by Tenant's negligence, and said leased premises are is not rendered untenantable thereby, as determined by Landlord, an appropriate reduction of the rent shall be allowed for the unoccupied portion of the leased premises until repair thereof shall be substantially completed. If the leased premises are is rendered untenantable thereby, except if caused by Tenant's negligence, Tenant may, at its election, terminate this Lease as of the date of the damage. If Tenant elects not to terminate the Lease, the rent shall axxxx abate in proportion to the loss of use of the leased premises by Tenant during Tenxxx xuring such untenantability.

Appears in 1 contract

Samples: Lease Agreement (Industrialex Manufacturing Corp)

DAMAGE TO LEASED PREMISES. In the event the leased premises Premises and/or the improvements of which the leased premises Premises are a part shall be totally destroyed by fire or other casualty or so badly damaged that, in the opinion of Landlordthe Owner or Tenant, it is not feasible to repair or rebuild the same, Landlord Owner or Tenant shall have the right to terminate this Lease upon written notice to Tenantthe other. If the leased premises Premises shall be partially damaged by fire or other casualty, except if caused by Tenant's negligence, and said leased premises are not rendered untenantable thereby, as determined by LandlordOwner, an and appropriate reduction of the rent shall be allowed for the unoccupied portion of the leased premises Premises until repair thereof shall be substantially completed. If the leased premises Premises are rendered Tendered untenantable thereby, except if caused by Tenant's negligence, Tenant may, at its election, terminate this Lease as of the date of the damage. If Tenant elects not to terminate the Lease, the rent shall axxxx in abatx xx proportion to the loss of use of the leased premises Premises by Tenant during such untenantability.

Appears in 1 contract

Samples: Lease Agreement (Nutraceutix Inc)

DAMAGE TO LEASED PREMISES. In the event the leased premises Premises and/or the improvements of which the leased premises Premises are a part shall be totally destroyed by fire or other casualty or so badly damaged that, in the opinion of Landlordthe Owner, it is not feasible to repair or rebuild the same, Landlord Owner shall have the right to terminate this Lease upon written notice to Tenant. If the leased premises Premises shall be partially damaged by fire or other casualty, except if caused by Tenant's negligence, and said leased premises are not rendered untenantable thereby, as determined by LandlordOwner, an appropriate reduction of the rent shall be allowed for the unoccupied portion of the leased premises Premises until repair thereof shall be substantially completed. If the leased premises Promises are rendered untenantable thereby, except if caused by Tenant's negligence, Tenant may, at its election, terminate this Lease as of the date of the damage. If Tenant elects not to terminate the Lease, the rent shall axxxx in abatx xx proportion to the loss of use of the leased premises Premises by Tenant during such untenantability.

Appears in 1 contract

Samples: Lease Agreement (Nutraceutix Inc)

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DAMAGE TO LEASED PREMISES. In the event the leased premises Premises and/or the improvements of which the leased premises Premises are a part shall be totally destroyed by fire or other casualty or so badly damaged that, in the opinion of Landlordthe Owner, it is not feasible to repair or rebuild the same, Landlord Owner shall have the right to terminate this Lease upon written notice to Tenant. If the leased premises Premises shall be partially damaged by fire or other casualty, except if caused by Tenant's negligence, and said leased premises are not rendered untenantable thereby, as determined by LandlordOwner, an appropriate reduction of the rent shall be allowed for the unoccupied portion of the leased premises Premises until repair thereof shall be substantially completed. , If the leased premises Premises are rendered untenantable thereby, except if caused by Tenant's negligence, Tenant may, at its election, terminate this Lease as of the date of the damage. If Tenant elects not to terminate the Lease, the rent shall axxxx in abatx xx proportion to the loss of use of the leased premises Premises by Tenant during such untenantability.

Appears in 1 contract

Samples: Lease Agreement (Nutraceutix Inc)

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