Premises Untenantable. If the Premises are damaged and rendered partially or wholly untenantable, and this Lease is not terminated pursuant to Section 17.4 or 17.5, Landlord shall, at its own expense, cause the Restoration to be completed as soon as reasonably practicable, and the Basic Rent and Additional Rent will be equitably abated.
Premises Untenantable. 22.1 If the Demised Premises shall be damaged by fire or other causes, but are not wholly untenantable and are damaged or destroyed to the extent the cost of repair is less than fifty (50%) of the then replacement cost of the Demised Premises (“Partial Damage”), the damage to the Demised Premises must be promptly repaired by Landlord at its own expense. In such event the Lease shall not terminate, but shall remain in full force and effect, and the Base Rent and Additional Rent shall xxxxx pro rata while the Demised Premises is being repaired unless such damage was solely caused by the negligent act or omission of Tenant, its servants, employees, Doc #02-572903.1 agents, visitors or licensees. Due allowance shall be made for reasonable delays from labor troubles, material shortages, or any other causes, whether similar or dissimilar to the foregoing, beyond Landlord’s control. If, however, the Demised Premises are rendered wholly untenantable by fire or other causes and the Demised Premises are damaged or destroyed to the extent that the cost of repair is fifty (50%) or more of the then replacement cost (“Total Destruction Damage”), and Landlord does not intend to rebuild the same, or if the Building is so damaged, whether the Demised Premises themselves are damaged or not, that Landlord determines to demolish or rebuild the Building, then in any of such events Landlord may, within sixty (60) days after such damage or destruction, give Tenant notice in writing of its decision, and thereupon this Lease shall terminate three (3) days after such notice is given, and Tenant shall immediately vacate the Demised Premises and surrender the same to Landlord, paying Rent to the time the Premises or Demised Premises were damaged. If, however, within said sixty (60) days Landlord shall notify Tenant that it intends to repair or rebuild the Premises or Demised Premises, then this Lease shall not terminate but shall remain in full force and effect, and the Rent shall xxxxx while said Premises or Demised Premises are being repaired. Notwithstanding anything in this Section to the contrary, if the Premises is subject to Total Destruction Damage, Tenant may, at its option, terminate this Lease by giving Landlord written notice of such termination not later than thirty (30) days after the date of such damage. In addition, if after the occurrence of the damage or destruction described in this Section 22, Landlord fails to complete such repairs and restoration necessary to re...
Premises Untenantable. In the event of destruction of the building, or damage thereto which unquestionably renders the Premises untenantable for a period of more than thirty (30) days, from causes not within the aforesaid insurance coverage, and Lessor does not elect to repair the Garage, then either Lessor or Lessee may terminate this Lease by written notice to the other given no more than ten (10) days after such destruction or damage occurs. If neither Lessor nor Lessee elects to terminate, Lessor shall promptly rebuild or repair said buildings, at its expense, and in such event from and after thirty (30) days from the time of the damage or destruction, a just and proportionate part of the cash rental provided for herein (based on the percentage of the Premises which shall be untenantable) shall be abated until the Premises are restored. If the Lessor and Lessee cannot agree as to whether said Premises are unquestionably untenantable for thirty (30) days, the fact shall be determined by arbitration as provided in Article XVIII herein. If it is determined by arbitration, or agreement between the Lessor and Lessee, that said Premises are not unquestionably untenantable for thirty (30) days, then (and provided restoration of said building can be accomplished at a cost not in excess of $10,000.00 or such
Premises Untenantable. 22.1 If the Premises shall be damaged by fire or other causes without default or neglect by Tenant, its employees, agents, visitors, or licensees, but are not wholly untenantable, the damage shall be promptly repaired by Landlord at its own expense. In such event the Lease shall not terminate, but shall remain in full force and effect, and the rent and additional rent shall not xxxxx but shall be prorated for the portion of un-inhabitability while the Premises are being repaired. Due allowance shall be made for delays caused by force majeure. If the damage is caused by the default or neglect of Tenant, its employees, agents, visitors, or licensees, Landlord shall nevertheless repair such damage and Tenant shall reimburse Landlord therefor promptly upon demand.
Premises Untenantable. If the Premises are damaged or destroyed and are rendered partially or wholly untenantable, and this Lease is not terminated pursuant to Section 17.4 or 17.5 hereof, subject to the Condominium Instruments, Condominium Association or Lessor shall, at its own expense, cause Restoration to be completed as soon as reasonably practicable, and the Basic Rent and Additional Rent shall be equitably abated.
Premises Untenantable. If the Premises are damaged and rendered partially or wholly untenantable, and this Lease is not terminated pursuant to Section 14(c), Landlord shall, at its own expense and in its sole discretion, cause the restoration, replacement or rebuilding to be completed as soon as reasonably practicable, and the Rent will be equitably abated from the date of such casualty until the Premises are in the condition existing immediately prior to the casualty (including any work to be undertaken by Xxxxxx).
