Common use of Landlord’s Repair Obligations Clause in Contracts

Landlord’s Repair Obligations. If fire or other casualty shall render the whole or any material part of the Premises untenantable and the Premises cannot reasonably be expected to be made tenantable within one hundred twenty (120) days from the date of such event and neither party hereto terminates this Lease pursuant to its rights herein, or in the event that more than fifty percent (50%) of the value of the Building is damaged or destroyed by fire or other casualty and Landlord does not terminate this Lease pursuant to its option granted herein, or in the event that fifty percent (50%) or less of the value of the Building is damaged or destroyed by fire or other casualty and neither the whole nor any material portion of the Premises is rendered untenantable, then Landlord shall repair and restore the Premises to as near its condition prior to the fire or other casualty as is reasonably possible with all due diligence and speed (subject to delays for causes beyond Landlord's reasonable control) and the Rent for the period during which the Premises are untenantable shall be abated pro rata (based upon the portion of the Premises which is untenantable). In no event shall Landlord be obligated to repair or restore any special equipment or improvements installed by Tenant at Tenant's expense.

Appears in 1 contract

Samples: And Attornment Agreement (Ace Hardware Corp)

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Landlord’s Repair Obligations. If In the event (a) fire or other casualty shall render the whole or any material part of the Premises untenantable and the Premises cannot reasonably be expected to be made tenantable within one hundred twenty eighty (120180) days from the date of such event and neither party hereto terminates this Lease pursuant to its rights herein, or in the event that (b) more than fifty percent (50%) of the value of the Building Property is damaged or destroyed by fire or other casualty casualty, and Landlord does not terminate this Lease pursuant to its option granted herein, herein or in the event that (c) fifty percent (50%) or less of the value of the Building Property is damaged or destroyed by fire or other casualty and neither the whole nor any material portion of the Premises is rendered untenantable, then in any such event Landlord shall repair and restore the Premises and the Property to as near its their condition prior to the fire or other casualty as is reasonably possible with all a due diligence and speed (subject to delays for causes beyond Landlord's reasonable control) and the Rent for the period during which the Premises are untenantable shall be abated pro rata (prorata, based upon the portion of the Premises which is untenantable); provided, however, if 40% or more of the Premises is untenantable and Tenant discontinues use of all of the Premises, the Rent shall be totally abated until the restoration is complete. In no event shall Landlord be obligated to repair or restore any Tenant Improvements or special equipment or improvements installed by Tenant at Tenant's expense.

Appears in 1 contract

Samples: Lease Agreement (Netbank Inc)

Landlord’s Repair Obligations. If In the event (a) fire or other casualty shall render the whole or any material part of the Premises untenantable and the Premises cannot reasonably be expected to be made tenantable within one hundred twenty eighty (120180) days from the date of such event and neither party hereto terminates this Lease pursuant to its rights herein, or in the event that (b) more than fifty percent (50%) of the value of the Building Property is damaged or destroyed by fire or other casualty casualty, and Landlord does not terminate this Lease pursuant to its option granted herein, herein or in the event that (c) fifty percent (50%) or less of the value of the Building Property is damaged or destroyed by fire or other casualty and neither the whole nor any material portion of the Premises is rendered untenantable, then in any such event Landlord shall repair and restore the Premises and the Property to as near its their condition prior to the fire or other casualty as is reasonably possible with all a due diligence and speed (subject to delays for causes beyond Landlord's reasonable control) and the Rent for the period during which the Premises are untenantable shall be abated pro rata prorata (based upon the portion of the Premises which is untenantable). In no such event shall Landlord be obligated to repair or restore any Tenant Improvements or special equipment or improvements installed by Tenant at Tenant's expense.

Appears in 1 contract

Samples: Lease Agreement (Primis Inc)

Landlord’s Repair Obligations. If fire or other casualty shall will render the whole or any material part of the Office Complex or the Premises untenantable (including, without limitation, a circumstance in which a fire or other casualty in a small portion of the Premises has the effect of rendering a larger portion of the Premises untenantable), and the Premises cannot reasonably be expected to be made tenantable within one hundred twenty eighty (120180) days from the date of such event and neither party hereto terminates this Lease pursuant to its rights herein, or in the event that more than fifty percent (50%) of the value of the Building or (if applicable) of the Office Complex is damaged or destroyed by fire or other casualty casualty, and Landlord does not terminate this Lease pursuant to its option granted herein, or in the event that fifty percent (50%) or less of the value of the Building or (if applicable) the Office Complex is damaged or destroyed by fire or other casualty and neither the whole nor any material portion of the Premises is rendered untenantableuntenantable (as aforesaid), then Landlord shall will repair and restore the Premises Premises, the Building and the Office Complex, as applicable, to as near its their condition prior to the fire or other casualty as is reasonably possible with all due diligence and speed (subject to delays for causes beyond Landlord's reasonable control) and the Excused Delays). The Rent for the period during which the Premises are untenantable shall will be abated pro rata (based upon the portion of the Premises which is untenantable, as aforesaid). In no event shall will Landlord be obligated to repair or restore any special equipment or improvements installed by Tenant at Tenant's ’s expense.

Appears in 1 contract

Samples: Office Lease (Depomed Inc)

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Landlord’s Repair Obligations. If In the event (a) fire or other casualty shall render the whole or any material part of the Premises untenantable and the Premises cannot reasonably be expected to be made tenantable within one hundred twenty eighty (120180) days from the date of such event and neither party hereto terminates this Lease pursuant to its rights herein, or in the event that (b) more than fifty percent (50%) of the value of the Building Property is damaged or destroyed by fire or other casualty casualty, and Landlord does not terminate this Lease pursuant to its option granted herein, or in the event that (c) fifty percent (50%) or less of the value of the Building Property is damaged or destroyed by fire or other casualty and neither the whole nor any material portion of the Premises is rendered untenantable, then in any such event Landlord shall repair and restore the Premises and the Property to as near its their condition prior to the fire or other casualty as is reasonably possible with all due diligence and speed (subject to delays for causes beyond Landlord's reasonable control) and the Rent for the period during which the Premises are untenantable shall be abated pro rata prorata (based upon the portion of the Premises which is untenantable). In no event shall Landlord be obligated to repair or restore any Tenant Improvements or special equipment or improvements installed by Tenant at Tenant's expense.

Appears in 1 contract

Samples: Office Lease Agreement (Precise Software Solutions LTD)

Landlord’s Repair Obligations. If fire or other casualty shall will render the whole or any material part of the Premises untenantable and the Premises cannot reasonably be expected to be made tenantable within one three hundred twenty (120300) days from the date of such event and neither party hereto terminates this Lease pursuant to its rights herein, herein or in the event that more than fifty percent (50%) of the value of the Building Office Complex is damaged or destroyed by fire or other casualty casualty, and Landlord does not terminate this Lease pursuant to its option granted herein, or in the event that fifty percent (50%) or less of the value of the Building Office Complex is damaged or destroyed by fire or other casualty and neither the whole nor any material portion of the Premises is rendered untenantable, then Landlord shall will repair and restore the Premises and the Office Complex to as near its their condition prior to the fire or other casualty as is reasonably possible with all due diligence and speed (subject to delays for causes beyond Landlord's reasonable control) and the Rent for the period during which the Premises are untenantable shall will be abated pro rata (based upon the portion of the Premises which is untenantable). In no event shall will Landlord be obligated to repair or restore any special equipment or improvements installed by Tenant at Tenant's expense.

Appears in 1 contract

Samples: Vitria Technology Inc

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