Common use of Partial Destruction Clause in Contracts

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d) below to cover Tenant’s obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements and any alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 3 contracts

Sources: Industrial Lease (Sintx Technologies, Inc.), Industrial Lease (Mfic Corp), Multi Tenant Net Commercial Lease (Encore Capital Group Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d20(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements Tenant Improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 3 contracts

Sources: Office Building Lease (Simpson Manufacturing Co Inc /Ca/), Office Building Lease (High Speed Access Corp), Office Building Lease (Netsol International Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements and any alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 2 contracts

Sources: Lease Agreement (Softlink Inc), Industrial Lease (AcuNetx, Inc.)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, thereof and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, repairs reconstruction and restoration (including proceeds from Tenant and/or Tenant’s Tenants insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d) below to cover Tenant’s Tenant s obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements and any alterations for which Tenant is responsible under this Lease), ) then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 2 contracts

Sources: Early Possession Agreement (Litronic Inc), Lease Agreement (Litronic Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twentythirty-five percent (2535%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty twenty (180120) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d20(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 2 contracts

Sources: Industrial Lease (Cutter & Buck Inc), Industrial Lease (Cutter & Buck Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one two hundred eighty seventy (180270) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d20(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Lease (Apria Healthcare Group Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its design and quality condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d) subparagraph 17.5 below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant Tenant's improvements and any or alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect. Tenant agrees to assist Landlord as required to ensure that such space is returned to its original level of quality and functionality.

Appears in 1 contract

Sources: Single Tenant Lease (Illumina Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d20(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements Tenant Improvements and any alterations Alterations from Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Office Building Lease (Virtual Mortgage Network Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s Lessor's contractor reasonably estimates in a writing delivered to Landlord Lessor and Tenant Lessee that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord Lessor will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant Lessee and/or Tenant’s Lessee's insurance which Tenant Lessee is required to deliver to Landlord Lessor pursuant to Subparagraph 20(d20(e) below to cover Tenant’s Lessee's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements and any alterations for which Tenant Lessee is responsible under this Lease), then Landlord Lessor agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Lease Addendum (Xcarenet Inc)

Partial Destruction. If the Premises Building or the Building are Parking Structure is ------------------- damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d21(e) below to cover Tenant’s obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements and any alterations for which Tenant is responsible under this LeaseTenant's Alterations), then Landlord agrees to shall commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will shall continue in full force and effect.

Appears in 1 contract

Sources: Office Building Lease (Kana Communications Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty fifty (180150) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d20(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements Tenant Improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Office Building Lease (New Century Financial Corp)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d19(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements Tenant Improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Work Letter Agreement (Rainbow Technologies Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may way be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d20(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements Tenant Improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Office Building Lease (Ijnt Net Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d20(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements and any alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Office Building Lease (Probusiness Services Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(dsubparagraph 20(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements Tenant Improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Office Building Lease (Ryland Group Inc)

Partial Destruction. If the The Premises or the Building are damaged by fire lire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, thereof and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, repaired reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, casualty and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, repairs reconstruction and restoration (including proceeds from Tenant and/or Tenant’s Tenants insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d) below to cover Tenant’s Tenant s obligation for the costs of repair, repair reconstruction and restoration of any portion of the tenant improvements and any alterations for which Tenant is responsible under this Lease), ) then Landlord agrees to commence and proceed diligently with the work of repair, repair reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Lease Agreement (Litronic Inc)

Partial Destruction. If the Premises or the Building are damaged ------------------- by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty twenty (180120) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient --- to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(dSubsection 20(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements Tenant Improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will shall continue in full force and effect.

Appears in 1 contract

Sources: Sublease Agreement (Auto by Tel Corp)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d20(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements and any alterations Alterations for which Tenant is responsible under this Lease), or Landlord would have received such proceeds had Landlord maintained the insurance required of it under Paragraph 19, then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Office Building Lease (Wave Systems Corp)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d20(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements Tenant Improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Sublease (Thinka Weight Loss Corp)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and an restoration of any portion of the tenant improvements and any alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Lease Agreement (Nanosensors Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements and any alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Lease Agreement (Genomic Solutions Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one two hundred eighty forty (180240) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d20(e) below to cover Tenant’s obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements Tenant Improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Office Building Lease (Monolithic System Technology Inc)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty twenty (180120) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d20(e) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements Tenant Improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Office Building Lease (Alliance Bancshares California)

Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s 's insurance which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d20(c) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements Tenant Improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees to commence continue and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Office Building Lease (Virtual Mortgage Network Inc)

Partial Destruction. If the Premises or the Building are is damaged by fire or other casualty to an extent not exceeding twentythirty-five percent (2535%) of the full replacement cost thereof, and Landlord’s 's contractor reasonably estimates in a writing delivered to Landlord and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within one hundred eighty (180) days from the date of such casualty, and Landlord will shall receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s insurance 's insurance, if any which Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d(Section 6 hereof) below to cover Tenant’s 's obligation for the costs of repair, reconstruction and restoration of any portion of the tenant improvements and any alterations Alterations for which Tenant is responsible under this Lease), then Landlord agrees shall commence to commence and proceed diligently with the work of repair, reconstruction and restoration and this Lease will continue in full force and effect.

Appears in 1 contract

Sources: Real Estate Lease (General Devices Inc)