Minor Insured Damage. If the Premises are damaged only to such extent that repairs, rebuilding and/or restoration can be reasonably completed within ninety (90) days, this Lease shall not terminate and, provided that insurance proceeds are available to fully repair the damage and/or Tenant otherwise contributes any shortfall thereof to Landlord, Landlord shall repair the Premises to substantially the same condition that existed prior to the occurrence of such casualty, except Landlord shall not be required to rebuild, repair, or replace any alterations or improvements installed by or for the benefit of Tenant (other than the Tenant Improvements) or any part of Tenant's Property, including without limitation, Tenant's furniture, furnishings, trade fixtures and/or equipment removable by Tenant. The Rent payable hereunder shall be abated proportionately from the date of the occurrence of such insured damage until any and all repairs are substantially completed to the extent of the portion of the Premises which are rendered unusable and unfit for occupancy.
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Sources: Lease Agreement (Homegrocer Com Inc)
Minor Insured Damage. If the Premises are damaged only to such extent that repairs, rebuilding and/or restoration can be reasonably completed within ninety (90) days, this Lease shall not terminate and, provided that insurance proceeds are available to fully repair the damage and/or Tenant otherwise contributes any shortfall thereof to Landlord, Landlord shall repair the Premises to substantially the same condition that existed prior to the occurrence of such casualty, except Landlord shall not be required to rebuild, repair, or replace any alterations or improvements installed by or for the benefit of Tenant (other than the Tenant Improvements) or any part of Tenant's Property, including without limitation, the Tenant Improvements, Tenant's furniture, furnishings, furnishings or trade fixtures and/or and equipment removable by Tenant. The Rent payable hereunder shall be abated proportionately from the date of the occurrence of such insured damage until any and all repairs are substantially completed to the extent of the portion of the Premises which are rendered unusable and unfit for occupancy.
Appears in 1 contract
Sources: Lease Agreement (Ditech Corp)
Minor Insured Damage. If any of the individual premises comprising the Premises are damaged only to such extent that repairs, rebuilding and/or restoration can be reasonably completed within ninety two hundred forty (90240) days, this Lease shall not terminate and, provided that insurance proceeds are available to fully repair the damage and Landlord is able to do so under then applicable governmental codes, ordinances, regulations and/or Tenant otherwise contributes any shortfall thereof to Landlordlaws, Landlord shall repair the damaged portions of the Premises to substantially the same condition that existed prior to the occurrence of such casualty, except Landlord shall not be required to rebuild, repair, or replace any alterations or improvements installed by or for the benefit of Tenant (other than the Tenant Improvements) or any part of Tenant's Property, including without limitation, Tenant's furniture, furnishings, trade furnishings or fixtures and/or and equipment removable by Tenant. The Rent payable hereunder shall be abated proportionately from the date of the occurrence of such insured damage until any and all repairs are substantially completed to the extent such damage or destruction materially interferes with Tenant's use or occupancy of the portion of the Premises which are rendered unusable and unfit for occupancydamaged, but only to the extent business interruption insurance proceeds are not received by Tenant.
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