Partial or Total Destruction. Should the leased premises or any improvements in the area leased by the Tenant be substantially or totally destroyed by fire, the elements or otherwise so as to render the said building totally unfit for the Tenant's occupancy, either party shall have the option to cancel the remaining portion of the Lease or any extended period or term thereof by giving the other party written notice thereof within thirty (30) days after such destruction.
Partial or Total Destruction. In case the Leased Premises shall be partially or totally destroyed by fire or other casualty insurable under fire and extended casualty insurance so as to become partially or totally untenantable, the same, unless Landlord or Tenant shall terminate this Lease as hereinafter provided, shall be repaired or rebuilt as quickly as practicable at the cost and direction of Landlord, and the base rent shall xxxxx during the period of repair in proportion to the portion of the floor space in the Leased Premises that is untenantable or unfit for use by Tenant in its business.
Partial or Total Destruction. In case the Building shall be partially or totally destroyed by fire or other casualty insurable under full standard extended coverage insurance (herein “casualty”), so as to become partially or totally untenantable, the Building shall be repaired with reasonable diligence at the cost of Tenant.
Partial or Total Destruction. In the event that the Premises shall be damaged during the initial term of this Lease or at any time during an extended term of this Lease so that fifty (50%) percent of the usable space of the Premises shall be rendered unusable, Landlord shall have the option of terminating this Lease unless Tenant agrees to continue to pay the rent set forth in the Lease and agrees to restore the Premises with the insurance proceeds. Regardless of whether such damage is due to the fault, negligence, act or omission of Tenant, its employees, agents or servants, licensees or invitees, Tenant shall also have the option of terminating this Lease if there are insurance proceeds available for the benefit of the Landlord. Upon termination by either party, Landlord shall retain the right to receive payments under the business interruption insurance as provided for in Article 11 herein for the balance of the term of this Lease Agreement. In the event of a total or partial destruction of the Premises or any portion thereof during the term of this Lease by any cause or risk including those covered by any policy of insurance referred to in Article 11 above, Tenant shall give to Landlord prompt notice thereof and Tenant, as long as it continues to pay the rent set forth in the Lease, shall notwithstanding the foregoing, have the option, at its sole cost and expense, whether or not insurance proceeds shall be sufficient for that purpose, and regardless of the amount of any such destruction, to forthwith repair, replace and rebuild the same at least to the extent of the value thereof existing immediately prior to such occurrence, provided such repairs, replacement or rebuilding can be done in accordance with then existing laws and regulations. All such repairs, replacement or rebuilding shall be performed in a good and workmanlike manner and in compliance with all then existing laws and regulations, and Landlord shall in no event be called upon to repair, replace or rebuild the Premises or any portion thereof.
Partial or Total Destruction. In case the leased premises shall be partially or totally destroyed by fire or other casualty insurable under full standard fire and extended coverage insurance so as to become partially or totally untenantable, the same, unless Landlord shall elect not to rebuild, shall be repaired as speedily as possible at the cost of Landlord and unless such destruction was wholly or partially caused by the negligence or breach of the terms of this Lease by Tenant, its employees, licensees, agents, subtenants or contractors, a portion of the rent based upon the amount of the leased premises rendered untenantable shall be abated until so repaired. If the destruction or damage was wholly or partially caused by negligence or breach of the terms of this Lease by Tenant as aforesaid and if Landlord shall elect to rebuild, the rent payable for the period beginning with the date of the damage and ending with the date of completion of all reconstruction and all repairs shall not be abated and the Tenant shall remain liable for the same unless insurance proceeds are sufficient for such rental loss proceeds to cover the amount of rent during such period. Landlord shall not be responsible for restoring or repairing leasehold improvements of the Tenant or any other property of the Tenant.
Partial or Total Destruction. In case the leased premises shall be partially or totally destroyed by fire or other casualty insurable under full standard fire and extended coverage insurance (which Landlord shall be obligated to maintain throughout the term hereof as hereinafter provided) so as to become partially or totally un-tenantable, the same, unless Landlord shall elect not to rebuild, shall be repaired as speedily as possible at the cost of Landlord and the rent based upon the amount of the leased premises rendered un-tenantable shall be abated until so repaired. Landlord shall not be responsible for restoring or repairing leasehold improvements of Tenant or any other property of Tenant.
Partial or Total Destruction. In case the Premises shall be partially or totally destroyed by fire or other casualty insurable under full standard extended coverage insurance, so as to become partially or totally untenantable, the same, unless Lessor shall elect not to rebuild as hereinafter provided, shall be repaired with reasonable diligence at the cost of Lessor and Tenant as hereinafter provided and a just and proportionate part of the Minimum Rent shall be abated until so repaired.
Partial or Total Destruction. 19.1 If the Premises are destroyed or so damaged that beneficial occupation is no longer possible, this agreement shall terminate unless the parties agree in writing otherwise.
Partial or Total Destruction. In the event of a Partial or Total Destruction of the Premises as set forth in the Commercial Lease Agreement between the parties, if Buyer elects in its sole discretion to exercise this Option to purchase the Premises, Seller shall assign and transfer any and all insurance proceeds or other monies associated with such Partial or Total Destruction of the Premises. Dated the day above first written. SELLER BUYER ------ ----- Hopkins Real Estate Investments, L.L.C. Extended Systems of Xxxxx, Incorporated /s/Randy Hopkins /s/ Karla K. Rosa ----------------------- ----------------------- By: Randy Hopkins By: Karla K. Rosa ------------------- ------------------- Its: Managing Member Its: CFO STATE OF IDAHO ) ) ss. County of Ada ) On this 26___ day of September, 2003, before me, the undersigned, a Notary Public in and for said State, personally appeared Randy Hopkins, Managing Member of the Hopkins Real Estate Investmxxxx, X.X.X., known to me to be the pexxxx xxo executed the within and foregoing instrument for and on behalf of the Hopkins Real Estate Investments, L.L.C., and acknowledged to me txxx xx executed the same.
Partial or Total Destruction. In case the leased premises shall be partially or totally destroyed by fire or other casualty insurable under full standard fire and extended coverage insurance so as to become partially or totally untenantable, the same, unless either party shall elect to terminate this Lease as provided for in subparagraph (b) below, shall be repaired as speedily as possible at the cost of Landlord and a portion of the rent based upon the amount of the leased premises rendered untenantable shall be abated until so repaired.
