Common use of Repair and Restoration Clause in Contracts

Repair and Restoration. If this Lease is not terminated as provided in this Article 11, Landlord shall at its sole expense restore with reasonable diligence the remainder of the improvements occupied by Tenant and/or Common Area so far as reasonable to a complete unit of like quality, character, and condition as that which existed immediately prior to the Taking, provided that the scope of the work shall not exceed the scope of the work to be done by Landlord originally in constructing the Premises, and further provided that Landlord shall not be obligated to expend an amount greater than that which was awarded to Landlord as compensation for such Taking.

Appears in 3 contracts

Samples: Commencement Date Agreement (Boomer Holdings, Inc.), Lease Agreement (Boomer Holdings, Inc.), Lease Agreement (Boomer Holdings, Inc.)

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Repair and Restoration. If this Lease is not terminated as provided in this Article 11Section 31, Landlord shall shall, at its sole expense expense, restore with reasonable due diligence the remainder of the improvements occupied by Tenant and/or Common Area so far as reasonable practicable to a complete unit of like quality, character, and condition as that which existed immediately prior to the Takingtaking, provided that the scope of the work shall not exceed the scope of the work to be done by Landlord originally in constructing the Demised Premises, and further provided that Landlord shall not be obligated to expend an amount greater than that which was awarded to Landlord as compensation for such Takingtaking.

Appears in 2 contracts

Samples: www.sec.gov, Standard Lease (Stellar Biotechnologies, Inc.)

Repair and Restoration. If this Lease is not terminated terminated, as provided in this Article 11Article, Landlord shall shall, at its sole expense restore expense, restore, with reasonable diligence due diligence, the remainder of the improvements occupied by Tenant and/or Common Area Tenant, so far as reasonable practicable, to a complete unit of like quality, character, character and condition as that which existed immediately prior to the Takingtaking, provided that the scope of the work shall not exceed the scope of the work done or to be done by Landlord originally in constructing the Premises, and further provided that Landlord shall not be obligated to expend an amount greater than that which was awarded to Landlord as compensation for such Taking.taking.‌

Appears in 1 contract

Samples: Commercial Lease

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Repair and Restoration. If this Lease is not terminated terminated, as provided in this Article 1126, Landlord shall shall, at its sole expense restore expense, restore, with reasonable diligence due diligence, the remainder of the improvements occupied by Tenant and/or Common Area Tenant, so far as reasonable practicable, to a complete unit of like quality, character, character and condition as that which existed immediately prior to the Takingtaking, provided that the scope of the work shall not exceed the scope of the work done or to be done by Landlord originally in constructing the Premises, and further provided that Landlord shall not be obligated to expend an amount greater than that which was awarded to Landlord as compensation for such Takingtaking.

Appears in 1 contract

Samples: Lease (Wilshire Bancorp Inc)

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