Common use of Reconstruction Clause in Contracts

Reconstruction. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor agrees to forthwith repair the same; and this Lease shall remain in full force and effect, except that Lessee shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee in the Premises. If the damage is due to the fault or neglect of Lessee or its employees, there shall be no abatement of rent.

Appears in 3 contracts

Samples: Lease (More Com Inc), Standard Office Lease (Spatialight Inc), Organic Inc

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Reconstruction. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the same; and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 3 contracts

Samples: Office Building Lease (Prime Bancorp Inc), Quokka Sports Inc, Quokka Sports Inc

Reconstruction. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the same; and this Lease shall remain in full force and effect, except that Lessee the Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 2 contracts

Samples: Exabyte Corp /De/, Colorado Business Bankshares Inc

Reconstruction. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the same; and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premisespremises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 2 contracts

Samples: Lease (Quokka Sports Inc), Lease (Quokka Sports Inc)

Reconstruction. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the same; : and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 1 contract

Samples: Qt 5 Inc

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Reconstruction. A. In the event the Premises or the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage all-risk insurance, Lessor Landlord agrees to forthwith repair the same; , and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 1 contract

Samples: Office Building Lease (Fair Isaac & Company Inc)

Reconstruction. In the event the Premises or of the Building of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, Lessor Landlord agrees to forthwith repair the same; and this Lease shall remain in full force and effect, except that Lessee Tenant shall be entitled to a proportionate reduction of the rent while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee Tenant in the Premises. If the damage is due to the fault or neglect of Lessee Tenant or its employees, there shall be no abatement of rent.

Appears in 1 contract

Samples: Lease Agreement (Sycamore Park Convalescent Hospital)

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