DESTRUCTION BY FIRE OR OTHER CAUSE. SECTION 11.1. If the Premises or any part thereof shall be damaged by fire or other casualty, Tenant shall give immediate written Notice thereof to Landlord. Landlord shall, subject to the provisions of Sections 11.2 and 11.3 below, proceed with reasonable diligence, after receipt of the net proceeds of insurance, to repair or cause to be repaired such damage at its expense, to the condition immediately preceding such damage and, if the Premises, or any part thereof, shall be rendered untenantable by reason of such damage, then the Fixed Rent hereunder, or an amount thereof apportioned according to the area of the Premises so rendered untenantable (if less than the entire Premises shall be so rendered untenantable), shall be abated for the period from the date of such damage to the date that is thirty (30) days after the date when the repair of such damage shall have been substantially completed. If Landlord or any Mortgagee shall be unable to collect the insurance proceeds applicable to such damage because of some action or inaction on the part of Tenant or Persons Within Tenant's Control, then Landlord shall have no duty to make such repairs or effect any restoration hereunder. Tenant covenants and agrees to cooperate with Landlord and any Mortgagee in their efforts to collect insurance proceeds (including rent insurance proceeds) payable to such parties. Landlord shall not be liable for any delay which may arise by reason of adjustment of insurance on the part of Landlord and/or Tenant, or any cause beyond the control of Landlord or contractors employed by Landlord.
DESTRUCTION BY FIRE OR OTHER CAUSE. Section 13.1 If the Premises or any part thereof shall be damaged by fire or other casualty, Tenant shall give prompt written notice thereof to Landlord. Landlord shall, subject to the provisions of Sections 13.2 and 13.3 below, proceed with commercially reasonable diligence, after receipt of the net proceeds of Landlord’s insurance (which Landlord shall use commercially reasonable diligence to obtain), to repair or cause to be repaired such damage at its expense, but in no event shall Landlord be obligated to repair any damage to or to restore any of Tenant’s leasehold improvements or Alterations, whether initially installed by Landlord or Tenant. Tenant, after receipt of the net proceeds of Tenant’s insurance (which Tenant shall use commercially reasonable diligence to obtain), shall repair and restore in accordance with Article 6 and with reasonable dispatch all leasehold improvements and Alterations made by or for Tenant in the Premises. If the Premises, or any part thereof, shall be rendered untenantable by reason of such damage, then the Fixed Rent and the Escalation Rent hereunder, or an amount thereof apportioned according to the area of the Premises so rendered untenantable (if less than the entire Premises shall be so rendered untenantable), shall be abated for the period from the date of such damage to the date which is sixty days after the repair of such damage shall have been Substantially Completed. Notwithstanding any provisions contained in this Lease to the contrary, there shall be no abatement with respect to any portion of the Premises which has not been so damaged and which is accessible and reasonably usable for the Permitted Use, provided that the continued operation of Tenant’s business in such portion of the Premises is reasonably practicable (it being agreed that if Tenant is actually occupying such portion of the Premises for the conduct of its business, continued operation therein shall be deemed reasonably practicable). Landlord’s determination of the date when the Premises are tenantable shall be controlling unless Tenant disputes the same by notice to Landlord given within 10 Business Days after such determination by Landlord in writing to Tenant, and pending resolution of such dispute, Tenant shall commence the payment of the Fixed Rent and the Escalation Rent that had been abated, as of the date specified by Landlord. Tenant covenants and agrees to cooperate with Landlord and any Lessor or any Mortgagee in their efforts to c...
DESTRUCTION BY FIRE OR OTHER CAUSE. If the demised premises shall be partially or totally damaged or destroyed by fire, casualty or other cause as a consequence of which Sublessor shall, pursuant to the Underlying Lease, receive an abatement of rent with respect to the demised premises, there shall be a corresponding abatement of the fixed rent payable hereunder. This Sublease shall not be terminated as a consequence of any damage to, or destruction of the demised premises, unless, as a result thereof, the Underlying Lease is terminated in accordance with its terms.
DESTRUCTION BY FIRE OR OTHER CAUSE. If, pursuant to the terms and conditions contained in this Article or Article 9 hereof, Landlord is required to repair the Demised Premises after a destruction by fire or other casualty, then, notwithstanding anything to the contrary contained in Article 9, hereof, Landlord shall be required to restore only the basic "shell" of the Demised Premises and only after it has received the proceeds of all fire insurance policies affecting the Building. Landlord shall not be required to expend any sums that may exceed such insurance policies. Landlord shall have no obligation to repair any damage to, or to replace any alterations on, Tenant's property.
DESTRUCTION BY FIRE OR OTHER CAUSE. (a) If the Demised Premises shall be partially damaged by fire or other cause insurable as a standard risk the damages shall be diligently repaired by and at the expense of Lessor within six (6) months after such damage and the Rent until such repairs shall be made shall be apportioned according to the part of the Demised Premises which is usable by Lessee; provided, however, that if the Demised Premised shall be damaged during the last year of the Term and Lessor reasonably estimates that the cost of repairing such damage to the Demised Premises would exceed 30% of the total Base Rent scheduled to be paid for the balance of the Term, Lessor shall not be required to repair any such damage and Lessor shall have the right to terminate this Lease by giving notice thereof to Lessee within sixty (60) days after the date of the casualty. No penalty shall accrue for reasonable delay which may arise by reason of adjustment of fire insurance on the part of Lessor and/or Lessee, and for reasonable delay on account of "labor troubles", or any other cause beyond Lessor's reasonable control. In addition to the right granted to Lessor hereinabove to terminate this Lease, if (i) the Demised Premises are totally damaged or are rendered totally untenantable for Lessee's continued use, or
DESTRUCTION BY FIRE OR OTHER CAUSE. If the demised premises shall be partially or totally damaged or destroyed by fire, casualty or other cause as a consequence of which Sublandlord shall, pursuant to Article 8 of the Underlying Lease, receive an abatement of rent with respect to the demised premises, there shall be a corresponding abatement of the rent payable hereunder. If the demised premises shall be partially or totally damaged or destroyed by fire, casualty or other cause as a consequence of which the Underlying Lease is terminated, either by Underlying Landlord or Sublandlord, then this Sublease shall automatically terminate as of the date the Underlying Lease is terminated. If the demised premises shall be partially or totally damaged or destroyed by fire, casualty or other cause as a consequence of which Sublandlord may terminate the Underlying Lease, then Subtenant may, at Subtenant’s election, terminate this Sublease within five (5) business days after the occurrence of a Triggering Event (as defined in the Underlying Lease).
DESTRUCTION BY FIRE OR OTHER CAUSE. (a) Except as otherwise provided herein, if the Premises shall be rendered untenable by fire or other casualty, Tenant shall at its sole cost and expense (except to the extent of available insurance proceeds, as provided in Section 22 below) restore them and make them tenable as soon as possible, and rent shall not be abated, in whole or in part, during the period of untenability. All such restoration shall be performed under the supervision of the Landlord by contractors approved in advance by Landlord.
DESTRUCTION BY FIRE OR OTHER CAUSE. Section 12.1. If the Premises or any part thereof shall be damaged by fire or other casualty, Tenant shall give prompt written notice thereof to Landlord. Landlord shall, as loss payee under the property insurance policy described in Section 11.4(a)(ii) and subject to the provisions of Sections 12.2 and 12.3 below, proceed with reasonable diligence within one hundred twenty (120) days of the casualty to repair or cause to be repaired such damage to the extent covered by such policy; and, if the Premises, or any part thereof, shall be rendered Untenantable by reason of such damage and such damage shall not be due to the negligence or fault of Tenant or Persons Within Tenant’s Control, then the Base Rent hereunder, or an amount thereof apportioned on a pro rata basis according to the area of the Premises so rendered Untenantable (if less than the entire Premises shall be so rendered Untenantable), shall be abated for the period from the date of such damage to the date when the repair of such damage shall have been substantially completed. Landlord covenants and agrees to cooperate with Tenant in its efforts to collect insurance proceeds (including rent insurance proceeds) payable to Tenant.
DESTRUCTION BY FIRE OR OTHER CAUSE. If the Premises is substantially damaged by fire or other casualty, Licensor shall have no obligation to repair any damage to, or to replace any Alterations (including the Initial Alterations), any equipment (including the Initial Equipment) or any of Licensee's personal property; and Licensor, at its option, shall have the right to terminate this Agreement and the Management Agreement, in which event, the Parties shall have no further obligation under this Agreement or the Management Agreement.
DESTRUCTION BY FIRE OR OTHER CAUSE. If the Sublease Premises shall be partially or totally damage or destroyed by fire, casualty or other causes, Novartis shall have the right to terminate this Sublease, in its sole discretion in accordance with Section 18.2 of the Xxxxxxxxx. If Novartis does not terminate this Sublease and otherwise receives an abatement of rent with respect to the Sublease Premises under the Xxxxxxxxx for such damage or destruction, there shall be a proportional abatement of Fixed Rent payable hereunder by Subtenant to Novartis for the period from the date of such damage or destruction to the date that the damage shall be repaired or restored.
