Common use of DAMAGE TO THE PROPERTY Clause in Contracts

DAMAGE TO THE PROPERTY. If the Property is damaged by fire or other casualty, this Lease shall remain in effect if the Landlord determines that it is in its best interests to restore the Property, and in such event the Landlord shall substantially restore the Property to its condition immediately preceding the damage, unless the damage was caused by the Tenant, or the officers, directors, employees, agents or invitees of the Tenant, and in such event the Tenant at its expense shall immediately restore the Property to its condition immediately preceding the damage. The Basic Annual Rent shall be abated for so much of the Leased Premises as may be untenantable during the period of repair and restoration, unless the damage was caused by the act or omission of the Tenant and then there shall be no abatement. The Landlord has the option to end the term of this Lease at a date stated in written Notice to the Tenant if in the reasonable judgment of the Landlord the Property cannot be restored with the available insurance proceeds, or if in the reasonable judgment of the Landlord it is not financially beneficial to the Landlord to restore the Property. Landlord's only obligation to repair or restore hereunder shall be limited to a basic building and the replacement of any interior work which may have originally been installed at Landlord's cost. The obligations of the Tenant to restore and repair the Property as set forth in this part of the Lease entitled "Damage to the Property" shall survive the end of the term of this Lease.

DAMAGE TO THE PROPERTY. If the Property is damaged by fire or other casualty, this Lease shall remain in effect if the Landlord determines that it is in its best interests to restore the Property, and in such event the Landlord shall substantially restore the Property to its condition immediately preceding the damage, unless the damage was caused by the Tenant, or the officers, directors, employees, agents or invitees of the Tenant, and in such event the Tenant at its expense shall immediately restore the Property to its condition immediately preceding the damage. The Basic Annual Rent shall be abated for so much of the Leased Premises as may be untenantable untenable during the period of repair and restoration, unless the damage was caused by the act or omission of the Tenant or the officers, directors, employees, agent or invitees of the Tenant and then there shall be no abatement. The Landlord has the option to end the term of this Lease at a date stated in written Notice to the Tenant if in the reasonable judgment judgement of the Landlord the Property cannot be restored with the available insurance proceeds, or if in the reasonable judgment judgement of the Landlord it is not financially beneficial to the Landlord to restore the Property. Landlord's Xxxxxxxx’s only obligation to repair or restore hereunder shall be limited to a basic building and the replacement of any interior work which may have originally been installed at Landlord's ’s cost. The obligations of the Tenant to restore and repair the Property as set forth in this part of the Lease entitled "“Damage to the Property" ” shall survive the end of the term of this Lease.

DAMAGE TO THE PROPERTY. If the Property is damaged by fire or other casualty, this Lease shall remain in effect if the Landlord determines that it is in its best interests to restore the Property, and in such event the Landlord shall substantially restore the Property to its condition immediately preceding the damage, unless the damage was caused by the Tenant, or the officers, directors, employees, agents or invitees of the Tenant, and in such event the Tenant at its expense shall immediately restore the Property to its condition immediately preceding the damage. The Basic Annual Rent shall be abated for so much of the Leased Premises as may be untenantable unatenantable during the period of repair and restoration, unless the damage was caused by the act or omission of the Tenant and then there shall be no abatement. The Landlord has the option to end the term of this Lease at a date stated in written Notice to the Tenant if in the reasonable judgment of the Landlord the Property cannot be restored with the available insurance proceeds, or if in the reasonable judgment of the Landlord it is not financially beneficial to the Landlord to restore the Property. Landlord's only obligation Landlord'x xxxx xbligation to repair or restore hereunder shall be limited to a basic building and the replacement of any interior work which may have originally been installed at Landlord's cost. The obligations of the Tenant to restore and repair the Property as set forth in this part of the Lease entitled "Damage 'I)amage to the Property" shall survive the end of the term of this Lease.

DAMAGE TO THE PROPERTY. If the Property is damaged by fire or other casualty, this Lease shall remain in effect if the Landlord determines that it is in its best interests to restore the Property, and in such event the Landlord shall substantially restore the Property to its condition immediately preceding the damage, unless the damage was caused by the Tenant, or the officers, directors, employees, agents or invitees of the Tenant, and in such event the Tenant at its expense shall immediately restore the Property to its condition immediately preceding the damage. The Basic Annual Rent shall be abated for so much of the Leased Premises as may be untenantable during the period of repair and restoration, unless the damage was caused by the act or omission of the Tenant and then there shall be no abatement. The Landlord has the option to end the term of this Lease at a date stated in written Notice to the Tenant if in the reasonable judgment of the Landlord the Property cannot be restored with the available insurance proceeds, or if in the reasonable judgment of the Landlord it is not financially beneficial to the Landlord to restore the Property. Landlord's only obligation to repair or xxxxxx xr restore hereunder shall be limited to a basic building and the replacement of any interior work which may have originally been installed at Landlord's cost. The obligations of the Tenant to restore and repair the Property as set forth in this part of the Lease entitled "Damage to the Property" shall survive the end of the term of this Lease.