Common use of DESTRUCTION OF OR DAMAGE TO THE PREMISES Clause in Contracts

DESTRUCTION OF OR DAMAGE TO THE PREMISES. If the Premises are totally destroyed by storm, fire, lightning, earthquake or other casualty, this Lease shall terminate as of the date of such destruction, and rental shall be accounted for as between Lessor and Lessee as of that date. If the Premises are damaged, but not wholly destroyed by any of such casualties, rental shall abate in such proportion as use of the Premises has been destroyed, xxx Xessor shall restore the Premises to substantially the same condition as before the damage as speedily as practicable, whereupon full rental shall recommence; provided further, however, that if the damage shall be so extensive the same cannot be reasonably repaired and restored within three (3) months time from the date of the casualty, then either Lessor or Lessee may cancel this Lease by giving written notice to the other party within thirty (30) days from the date of such casualty. And, in such event, rental shall be apportioned and paid up to the date of such casualty.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Hughes Supply Inc), Lease Agreement (Hughes Supply Inc)

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DESTRUCTION OF OR DAMAGE TO THE PREMISES. If the Premises are totally destroyed by storm, fire, lightning, earthquake or other casualty, this Lease shall will terminate as of the date of such destruction, and rental shall will be accounted for as between Lessor Landlord and Lessee Tenant as of that date. If the Premises are damaged, damaged but not wholly destroyed by any of such casualties, rental shall will abate in such proportion as use of the Premises has been destroyed, xxx Xessor shall Xandlord will restore the Premises to substantially the same condition as before the damage as speedily as practicable, whereupon full rental shall will recommence; provided further, however, that if the damage shall will be so extensive the same cannot be reasonably repaired and restored within three (3) months months' time from the date of the casualty, then either Lessor Landlord or Lessee Tenant may cancel this Lease by giving written notice to the other party within thirty (30) days from the date of such casualty. And, in In such event, rental shall will be apportioned and paid up to the date of such casualty.

Appears in 1 contract

Samples: Lease Agreement (Hughes Supply Inc)

DESTRUCTION OF OR DAMAGE TO THE PREMISES. If the Premises are totally destroyed by storm, fire, lightning, earthquake or other casualty, this Lease shall will terminate as of the date of such destruction, and rental shall will be accounted for as between Lessor Landlord and Lessee Tenant as of that date. If the Premises are damaged, damaged but not wholly destroyed by any of such casualties, rental shall abate will xxxxx in such proportion as use of the Premises has been destroyed, xxx Xessor shall and Landlord will restore the Premises to substantially the same condition as before the damage as speedily as practicable, whereupon full rental shall will recommence; provided further, however, that if the damage shall will be so extensive the same cannot be reasonably repaired and restored within three sixty (360) months time days from the date of the casualty, then either Lessor Landlord or Lessee Tenant may cancel this Lease by giving written notice to the other party within thirty (30) days from from, the date of such casualty. And, in In such event, rental shall will be apportioned and paid up to the date of such casualty.

Appears in 1 contract

Samples: Lease Agreement (Nur Macroprinters LTD)

DESTRUCTION OF OR DAMAGE TO THE PREMISES. If the Premises are totally destroyed by storm, fire, lightning, earthquake or other casualty, this Lease shall terminate as of the date of such destruction, and rental shall be accounted for as between Lessor and Lessee as of that date. If the Premises are damaged, but not wholly destroyed by any of such casualties, rental shall abate in such proportion as use of the Premises has been destroyed, xxx Xessor Lessor shall restore the Premises to substantially the same condition as before the damage as speedily as practicable, whereupon full rental shall recommence; provided further, however, that if the damage shall be so extensive the same cannot be reasonably repaired and restored within three (3) months time from the date of the casualty, then either Lessor or Lessee may cancel this Lease by giving written notice to the other party within thirty (30) days from the date of such casualty. And, in such event, rental shall be apportioned and paid up to the date of such casualty.

Appears in 1 contract

Samples: Lease Agreement (Hughes Supply Inc)

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DESTRUCTION OF OR DAMAGE TO THE PREMISES. If the Premises are totally destroyed by storm, fire, lightning, earthquake or other casualty, this Lease shall will terminate as of the date of such destruction, and rental shall will be accounted for as between Lessor Landlord and Lessee Tenant as of that date. If the Premises are damaged, damaged but not wholly destroyed by any of such casualties, rental shall abate in will abxxx xn such proportion as use of the Premises has been destroyed, xxx Xessor shall and Landlord will restore the Premises to substantially the same condition as before the damage as speedily as practicable, whereupon full rental shall will recommence; provided further, however, that if the damage shall will be so extensive the same cannot be reasonably repaired and restored within three _______ (3__) months months' time from the date of the casualty, then either Lessor Landlord or Lessee Tenant may cancel this Lease by giving written notice to the other party within thirty (30) days from the date of such casualty. And, in In such event, rental shall will be apportioned and paid up to the date of such casualty.

Appears in 1 contract

Samples: Lease Agreement (Bairnco Corp /De/)

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