Common use of Other Damage Clause in Contracts

Other Damage. In the event the Premises are damaged as the result of any cause other than the perils covered by Tenant's or Landlord's casualty insurance or for which insurance proceeds are insufficient fully to cover, then Landlord agrees forthwith to commence repair of the same, only in the case that the extent of the destruction of the Premises is less than ten percent (10%) of the then full replacement cost of the Premises. In the event the destruction of the Premises is to an extent of ten percent (10%) or more of the full replacement cost of the Premises, then Landlord shall have the option (a) to repair or restore such damage, this Lease continuing in full force and effect, but the Annual Rent to be proportionately reduced as provided above in Section 13.1; or (b) to give notice to Tenant at any time within sixty (60) days after such damage, terminating this Lease as of the date specified in the notice, which date shall be no more than thirty (30) days after the giving of such