Common use of Partial Damage to Property Clause in Contracts

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph, 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage within thirty (30) days. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements. 12

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the PropertyBudding. If the Property Building is only partially damaged (i.e.that is, less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than then fifty percent (50%) of Tenant's operations are materially impaired) and can be repaired within 120 days (in the written opinion of a licensed architect), and if the insurance proceeds received by Landlord from the insurance policies described in Paragraph, 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage within thirty to the Building (30) days. Landlord may elect (but is not required) to repair any damage to including Tenant's fixtures, equipmentequipment and improvements, or improvements. 12to the extent of available insurance proceeds) as soon as reasonably possible.

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty twenty percent (5020%) of the Property is untenantable as a result of such damage or less than fifty twenty percent (5020%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph, 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage within thirty ninety (3090) daysdays of the date of the casualty. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements. 12.

Partial Damage to Property. (a) Tenant shall notify Landlord in writing immediately upon the occurrence of any damage to the Property. If the Property is only partially damaged (i.e., less than fifty percent (50%) of the Property is untenantable as a result of such damage or less than fifty percent (50%) of Tenant's operations are materially impaired) and if the proceeds received by Landlord from the insurance policies described in Paragraph, Paragraph 4.04(b) are sufficient to pay for the necessary repairs, this Lease shall remain in effect and Landlord shall repair the damage within thirty (30) in 180 days. Landlord may elect (but is not required) to repair any damage to Tenant's fixtures, equipment, or improvements. 12.