Common use of Obligations to Repair and Restore Clause in Contracts

Obligations to Repair and Restore. In the event there are sufficient funds, and such funds are available to Landlord to repair and restore and repair of the Premises, and restoration can be completed within the period specified in Section 9.2, in Landlord's reasonable estimation, this Lease shall continue in full force and effect and Landlord shall proceed forthwith to cause the Premises to be repaired and restored with reasonable diligence and there shall be abatement of Base Rent and Additional Rent proportionate to the extent of the space and period of time that Tenant is unable to use and enjoy the Premises. Landlord may, at its option, require Tenant to arrange for and handle the repair and restoration of the Premises, in which case Landlord shall furnish Tenant with sufficient funds for such repair and restoration, at the time or times such funds are needed, utilizing any proceeds from insurance and any additional funds necessary to cover the costs of repair or restoration.

Appears in 2 contracts

Samples: Lease (Immucor Inc), Lease (nFinanSe Inc.)

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Obligations to Repair and Restore. In the event there are sufficient funds, repair --------------------------------- and such funds are available to Landlord to repair and restore and repair restoration of the Premises, and restoration Demised Premises can be completed within the period specified in Section 9.2, in Landlord's reasonable estimation, this Lease shall continue in full force and effect and Landlord shall proceed forthwith to cause the Demised Premises to be repaired and restored with reasonable diligence diligence, and there shall be abatement of Base Basic Rent and Additional in Rent proportionate in that proportion to which the extent of the space and period of time that Tenant is unable to use and enjoy the PremisesDemised Premises bears to the total space leased by Tenant and to the Lease Term. Landlord may, at its option, require Tenant to arrange for and handle the repair and restoration of the Demised Premises, in which case Landlord shall furnish Tenant with sufficient funds for such repair and restoration, at the time or times such funds are needed, utilizing any proceeds from insurance and any additional funds necessary to cover the costs of repair or restoration.

Appears in 1 contract

Samples: Agreement of Lease (Yurie Systems Inc)

Obligations to Repair and Restore. In the event there are sufficient funds, and such funds are available to Landlord to repair and restore and repair of the Premises, and restoration can be completed within the period specified in Section 9.2, in Landlord's ’s reasonable estimation, this Lease shall continue in full force and effect and Landlord shall proceed forthwith to cause the Premises to be repaired and restored with reasonable diligence and there shall be abatement of Base Bate Rent and Additional Rent proportionate to the extent of the space and period of time that Tenant is if unable to use and enjoy the Premises. Landlord may, at its option, require Tenant to arrange for and handle the repair and restoration of the Premises, in which case Landlord shall furnish Tenant with sufficient funds for such repair and restoration, at the time or times such funds are needed, utilizing any proceeds from insurance and any additional funds necessary to cover the costs of repair or restoration.

Appears in 1 contract

Samples: Deed of Lease (TopBuild Corp)

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Obligations to Repair and Restore. In the event there are sufficient funds, and such funds are available to Landlord to If repair and restore and repair restoration of the Premises, and restoration Demised Premises can be completed within the period specified in Section 9.210.2, in Landlord's reasonable estimation, or if neither Landlord nor Tenant terminate this Lease as provided in Sections 10.2 or 10.3, this Lease shall continue in full force and effect and Landlord shall proceed forthwith to cause the Demised Premises to be repaired and restored with reasonable diligence and there shall be abatement of Base Basic Rent and Additional Rent proportionate to the extent of the space and period of time that Tenant is unable to use and enjoy the Demised Premises. Landlord may, at its option, require Tenant to arrange for and handle supervise the repair and restoration of the Demised Premises, in which case Landlord shall furnish Tenant with sufficient funds the insurance proceeds for such repair and restoration, restoration at the time or times such funds are needed, utilizing any provided such proceeds from insurance and any additional funds necessary are sufficient to cover the costs of repair or restoration.

Appears in 1 contract

Samples: Lease (Spectralink Corp)

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