Common use of PROPERTY DAMAGE; SUBROGATION WAIVER Clause in Contracts

PROPERTY DAMAGE; SUBROGATION WAIVER. 7.1. If fire or other casualty causes damage to the Building or the Premises in an amount exceeding thirty percent (30%) of the full construction-replacement cost of the Building or Premises, respectively, Landlord may elect to terminate this Lease as of the date of the damage by notice in writing to Tenant within thirty (30) days after such date. Otherwise, Landlord shall promptly repair the damage and restore the Premises to their former condition as soon as practicable. Rent shall be reduced during the period to the extent the Premises are not reasonably usable for the use permitted by this Lease because of such damage and required repairs.

PROPERTY DAMAGE; SUBROGATION WAIVER. 7.1. (a) If fire or other casualty causes damage to the Building or the Premises in an amount exceeding thirty 30 percent (30%) of the full construction-replacement cost of the Building or Premises, respectively, Landlord may elect to terminate this Lease lease as of the date of the damage by notice in writing to Tenant within thirty (30) 30 days after such date. Otherwise, Landlord shall promptly repair the damage and restore the Premises to their former condition as soon as practicable. Rent shall be reduced during the period to the extent the Premises are not reasonably usable for the use permitted by this Lease lease because of such damage and required repairs.

PROPERTY DAMAGE; SUBROGATION WAIVER. 7.1. (a) If fire or other casualty causes damage to the Building or the Premises in an amount exceeding thirty 30 percent (30%) of the full construction-replacement cost of the Building or Premises, respectively, Landlord may elect to terminate this Lease lease as of the date of the damage by notice in writing to Tenant within thirty (30) 30 days after such date. Otherwise, Landlord shall promptly repair the damage and restore remove the Premises to their former condition as soon as practicable. Rent shall be reduced during the period to the extent the Premises are not reasonably usable for the use permitted by this Lease lease because of such damage and required repairs.

PROPERTY DAMAGE; SUBROGATION WAIVER. 7.1. 7.1 If fire or other casualty causes damage to the Building or the Premises in an amount exceeding thirty percent (30%) of the full construction-replacement cost of the Building or Premises, respectively, Landlord may elect to terminate this Lease as of the date of the damage by notice in writing to Tenant within thirty (30) days after such date. Otherwise, Landlord shall promptly repair the damage and restore the Premises to their former condition as soon as practicable. Rent shall be reduced or abated during the period to the extent the Premises are not reasonably usable for the use permitted by this Lease because of such damage and required repairs.

PROPERTY DAMAGE; SUBROGATION WAIVER. 7.1. (a) If fire or other casualty causes damage to the Building or the Premises in an amount exceeding thirty 30 percent (30%) of the full construction-replacement cost of the Building or Premises, respectively, Landlord or Tenant may elect to terminate this Lease lease as of the date of the damage by notice in writing to Tenant the other party within thirty (30) 30 days after such date. Otherwise, Landlord shall promptly repair the damage and restore the Premises to their former condition as soon as practicable. Rent shall be reduced during the period to the extent the Premises are not reasonably usable in Landlord's estimation for the use of permitted by this Lease lease because of such damage and required repairs.

PROPERTY DAMAGE; SUBROGATION WAIVER. 7.1. 7.1 If fire or other casualty causes damage to the Building or the Premises in an amount exceeding thirty percent (30%) of the full construction-replacement cost of the Building or Premises, respectively, Landlord may elect to terminate this Lease as of the date of the damage by notice in writing to Tenant within thirty (30) days after such date. Otherwise, Landlord shall promptly repair the damage and restore the Premises to their former condition as soon as practicable. Rent shall be reduced during the period to the extent the Premises are not reasonably usable for the use permitted by this Lease because of such damage and required repairs.

PROPERTY DAMAGE; SUBROGATION WAIVER. 7.19.1. If fire or other casualty causes damage to the Building or the Premises premises in an amount exceeding thirty percent (30%) percent of the full construction-replacement cost of the Building or Premises, respectively, Landlord may elect to terminate this Lease as of the date of the damage by notice in writing to Tenant within thirty (30) days after such date. Otherwise, Landlord shall promptly repair the damage and restore the Premises to their former condition as soon as practicable. Rent shall be reduced during the period to the extent the Premises are not reasonably usable for the use permitted by this Lease because of such damage and required repairs.

PROPERTY DAMAGE; SUBROGATION WAIVER. 7.1. (a) If fire or other casualty causes damage to the Building or the Premises in an amount exceeding thirty 30 percent (30%) of the full construction-replacement cost of the Building or Premises, respectively, Landlord or Tenant may elect to terminate this Lease lease as of the date of the damage by notice in writing to Tenant the other party within thirty (30) 30 days after such date. Otherwise, Landlord shall promptly repair the damage and restore the Premises to their former condition as soon as practicable. Rent shall be reduced during the period to the extent the Premises are not reasonably usable in Landlord's estimation for the use permitted by this Lease lease because of such damage and required repairs.