Common use of LOSS BY CASUALTY Clause in Contracts

LOSS BY CASUALTY. If the Building is damaged or destroyed by fire or other casualty, the Landlord shall have the right to terminate this Lease Agreement, provided it gives written notice thereof to the Tenant within ninety (90) days after such damage or destruction. If a portion of the Premises is damaged by fire or other casualty, and Landlord does not elect to terminate this Lease Agreement, the Landlord shall, at its expense, restore the Premises to as near the condition which existed immediately prior to such damage or destruction, as reasonably possible, and the rentals shall axxxx during such period of time as the Premises are untenantable, in the proportion that the untenantable portion of the Premises bears to the entire Premises.

Appears in 3 contracts

Samples: Lease Agreement (Health Fitness Corp /MN/), Lease Agreement (Mathstar Inc), Lease Agreement (Mathstar Inc)

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LOSS BY CASUALTY. If the Building is damaged or destroyed by fire or other casualty, the Landlord shall have the right to terminate this Lease Agreement, provided it gives written notice thereof to the Tenant within ninety (90) days after such damage or destruction. If a portion of the Premises is damaged by fire or other casualty, and Landlord does not elect to terminate this Lease Agreement, the Landlord shall, at its expense, restore the Premises to as near the condition which existed immediately prior to such damage or destruction, as reasonably possible, and the rentals shall axxxx xxxxx during such period of time as the Premises are untenantable, in the proportion that the untenantable portion of the Premises bears to the entire Premises.

Appears in 2 contracts

Samples: Lease Agreement (Sajan Inc), Lease Agreement (Health Fitness Physical Therapy Inc)

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LOSS BY CASUALTY. If the Building is damaged or destroyed by fire or other casualty, the Landlord shall have the right to terminate this Lease Agreement, provided it gives written notice thereof to the Tenant within ninety (90) days after such damage or destruction. If a portion of the Premises is damaged by fire or other casualty, and Landlord does not elect to terminate this Lease Agreement, the Landlord shall, at its expense, restore the Premises to as near the condition which existed immediately prior to such damage or destruction, as reasonably possible, and the rentals shall axxxx abate during such period of periox xx time as the Premises are untenantable, in the proportion that the untenantable portion of the Premises bears to the entire Premises.

Appears in 1 contract

Samples: Lease Agreement (Health Fitness Physical Therapy Inc)

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