Common use of Loss replacement Clause in Contracts

Loss replacement. To replace or repair as promptly as possible any building or equipment leased by operator from the owner that may be destroyed or damaged by fire, flood or other cause beyond the control of the operator or to make rental adjustments in lieu of replacements.

Loss replacement. To replace or repair as promptly as possible any building or equipment leased by operator from the owner structure included in this Lease that may be is destroyed or damaged by fire, flood flood, or other cause beyond the control of the operator Operator, or to make rental adjustments in lieu of replacementsreplacements and repairs.