Common use of Partial Damage - Insured Clause in Contracts

Partial Damage - Insured. Subject to the provisions of paragraphs 13.2 and 13.3, if the Premises or the Building, as the case may be, are damaged and such damage was caused by an act or casualty covered under an insurance policy required to be maintained pursuant to paragraph 12.3(a), Landlord shall cause such damage to be repaired as soon as reasonably possible and this Lease shall continue in full force and effect.

Appears in 2 contracts

Samples: Work Letter Agreement (Anacor Pharmaceuticals Inc), Work Letter Agreement (Anacor Pharmaceuticals Inc)

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Partial Damage - Insured. Subject to the provisions of paragraphs 13.2 Paragraphs ---------------------- 13.3 and 13.313.4, if the Premises or the Building, as the case may be, are damaged to the extent of less than seventy-five percent (75%) of the then replacement value thereof (excluding excavations and foundations with respect to the Building), and such damage was caused by an act or casualty covered under an insurance policy required to be maintained pursuant to paragraph 12.3(a)Paragraph 12.4, and the proceeds of such insurance received by Landlord are sufficient to repair the damage, Landlord shall cause at Landlord's expense repair such damage to be repaired as soon as reasonably possible and this Lease shall continue in full force and effect.

Appears in 2 contracts

Samples: Covad Communications Group Inc, Covad Communications Group Inc

Partial Damage - Insured. Subject to the provisions of paragraphs 13.2 Paragraphs 13.3 and 13.313.4, if the Premises or the Building, as the case may be, are damaged to the extent of less than seventy-five percent (75%) of the then replacement value thereof (excluding excavations and foundations with respect to the Building), and such damage was caused by an act or casualty covered under an insurance policy required to be maintained pursuant to paragraph 12.3(a)Paragraph 12.4, and the proceeds of such insurance received by Landlord are sufficient to repair the damage, Landlord shall cause at Landlord's expense repair such damage to be repaired as soon as reasonably possible and this Lease shall continue in full force and effect.

Appears in 2 contracts

Samples: Nextcard Inc, Adept Technology Inc

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Partial Damage - Insured. Subject to the provisions of paragraphs 13.2 ----------------------- Paragraphs 15.3 and 13.315.4, if the Premises premises or the Buildingbuilding, as the case may be, are damaged to the extent of less than eighty percent (80%) of the then replacement value thereof (excluding excavations and foundations with respect to the Building), such damage was caused by an act or casualty covered under an insurance policy required to be maintained pursuant to paragraph 12.3(aParagraph 14.2(a), and the proceeds of such insurance received by Landlord are sufficient to repair the damage, Landlord shall cause at Landlord's expense repair such damage to be repaired as soon as reasonably possible and this Lease shall continue in full force and effect.

Appears in 1 contract

Samples: Lease Agreement (Measurement Specialties Inc)

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