Common use of Lease Continuation Clause in Contracts

Lease Continuation. If there is a Substantial or Full Casualty of the Premises prior to the last 18 months of the then current Term, unless Tenant delivers a Termination Notice under Section 10.3.2 below, the Lease shall continue in full force and effect, and no Rent shall abate under this Lease as a result of such Substantial or Full Casua▇▇▇; provided, however, the Base Rent under this Lease shall be subject to an Excess Insurance Proceeds Rent Reduction (as defined above). In such event, Tenant's restoration obligations set forth in Section 10.4 below shall apply. If Tenant elects to restore, and pursuant to Tenant's rights to sublet or assign under Section 13, Tenant may exercise up to

Lease Continuation. If there is a Substantial or Full Casualty of the Premises prior to the last 18 months of the then current Term, unless Tenant delivers a Termination Notice under Section 10.3.2 below, the Lease shall continue in full force and effect, and no Rent shall abate under this Lease as a result of such Substantial or Full Casua▇▇▇; provided, however, the Base Rent under this Lease shall be subject to an Excess Insurance Proceeds Rent Reduction (as defined above). In such event, Tenant's restoration obligations set forth in Section 10.4 below shall apply. If Tenant elects to restore, and pursuant to Tenant's rights to sublet or assign under Section 13, Tenant may exercise up toto 2 of its remaining 5 year Renewal Options. In such event Tenant waives its rescission right under Section 2.4 as it relates to such exercise only.